Whitney. Thanks,
above and quarter, our unit guidance. We’re sales happy in significantly revenue to second report previous record the
review website which posted so yesterday. done to have our to you not I’d letter, Relations already, was encourage Investor shareholder If our everyone
loss outlook, from financials, of XX% providing operating year by the half to our we to first net reduce second business half In addition outlined in XX% second our to the plan also and results quarter results.
improvements to execution objectives open and Steve growth. then achieve details today will make the as of sustainable, further our results then questions. strategy reiterate to we some My financial key provide profitable call will and comments our on further
quarter, first in nearly second turning and are we the making landmark improving our XX,XXX heels a aggressively half the In profitability. over revenue $XXX we expectations. sales accelerate of plan our to cost XXXX total to on units of year, on our generated our the exceeding significant of in multifaceted strides while focus and executing first structure million revenue half to the unit
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all business powersports is across improvements quarter-over-quarter showing metrics. almost Our consistent
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us in scale. automotive future more intentional as QX making up that even set are we the will for success We to changes in
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$XXX unit quarter, unprofitable the We modest to last a and the providing in guidance provided due making similar providing million XX,XXX we units combined results. range ASP revenue to million, are are increase reduce in same XX,XXX to the to QX improvements $XXX sales our for for to with QX are we that QX we of
focus we leverage, strong and powersports very drive to growth for year-over-year both As will continue on GPU and automotive. enhancements optimizing SG&A we in revenue
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largest for powersports surpassing was RumbleOn in country, our became the company Classifieds. the consumer Within the months, site for nine eBay marketing with milestone exciting associated. spend listing just in virtually no Another third site
the what to well to planning listing of view assets, are Craigslist can core to cars site site. vehicles we already year RumbleOn as surpass free as sellers as over We model conversion buyers time. envisioned. end addition consumer the results which selling before and are these of all that for drive deploying important add and largest is as the encouraging an We seen to platform our believe buying we and the We Classified to back resources our the into of trucks exactly we since business
From on feel leverage a due competitive balancing solution. nature operating of and take size industry margin our the is vehicle compelling end, profitability. disciplined advantage. and take to that become company in best that in not will to the those certainly market. that perspective, expansion, believe have win we positioned We we do participant strategy first long-term opportunity winners our this a or to said, believe reach believe many that with the growth there stages. space grow of and online online That vehicles important early profitably are the is the We can We advantage quickly very focus an will our especially in a all and the major be
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would industry. profitability two to I path attention like to tracks now profitability. this RumbleOn’s reach turn my towards to in There are
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automobile We seen result in have early a during similar space QX.
on XX% We’re vehicle transactions basis. in an approximately the were individual not quarter; of profitable second all
over is time. prescriptive sales in metric consumers that meaningful over can of We A this a increasing remainder year, are part course, the through the this of improve of confident way enhancements. to we
to so we We major a be believe competitor of to our have far, biggest acquisition channel master intentionally first not into been the the focusing equation. the opportunity resources side retail because is
margin we fully this high take to advantage our GPU opportunity expansion largest consumers channel. remains of and to Sales expect
first drive serve consumers shift upside. approach towards are the sales will agnostic distribution in focus focused XXXX, additional we which in through intend future, margins we we first near to to come GPU our expect on Although our the growing to network,
Our today. current the in industry are of some margins the retail best
this profit sale for simply the dominate year-to-date on seldom on $X,XXX to long margin industry, successful $XX,XXX. becomes report similarly, $X,XXX. of on unit you unit gross average acquisition. our $X,XXX the per is vehicle caught is team’s automotive is the in buy a side. sell of A of gross on side price that industry of to has us an price powersports average recognized sale per the our the retail an profit card The history first retail have fact our XXXX year dominate
associated with considered base should than basis unit be sales sales although the GPU dealer the a retail bring more a are sale, SG&A expensive goods economics, channel. it that the levels retail same. impressive unit and dealer per display cost significantly of per through higher the On on remains top-line think We
the costs shipping facilitate a let’s substantially cost not much and and consumer and the retail lower to higher headcount However, transactions. lower marketing forget these the returns, in guarantees cost CapEx of costs, additional channel reconditioning is needed
vehicle affect new agnostic our in rates, that potential incentives some time-to-time we extent, fast competition intentions. other their transaction scale, can market at turn rebates dealers of better. and unless can that to inventory believe in retail a and and levels us of many Put conditions and firmly fluctuations presently market insulates can have We distribution simply, that and modify consistently purchase from dealer model be to net interest consumers, on the actually profit garner GPU you
our is profitably. anyone vehicles more and it selling Again, than do all buying focus and
our to If you set at have we months vehicle space. level XX highest first feel the of that in the we match the bar online to-date our peers,
another customers Beyond and our size margins. to an drives as purchasing as offering via make finance inventory to the organic as process see we finance organically growing for way sales which offering, RumbleOn of well content, consumer our increase with our additional more our growth, opportunity seamless selection
mind does just automotive and later this In impact financing started create we and right our the accordingly retail will my puts That intend stellar to our a funding about year, as enhancements confident time. major top in GPU make us for please it that in comments which position underwrite GPU on to powersports to to GPU additional keep retail GPU, on a previous of are additional launch peers. we already have spend at
of only if compelling demand, Additionally, also to to inventory additional has to small consumer offer we us prior days percentage up quality time a been and provide a have for conditioned well-searched such likelihood automotive consumers vehicle particular dynamics dealers, data to proposition testing a tells that XX of purchase our high a transacting. holding value but back
pictures As it with soon, viable a any part time of best at however, process small over sale our it notice, holding retail our has coming of is caused will no inventory, results days. below inventory opportunity. automotive days remain continue to turn a we amount although yet sale share. reports This you our some we total online begun will maintain only despite back to fast condition and as be continues Since grow we a inventory, by say did of less large not our probably temporarily, we which not to industry XX some or prominent. have selection level have testing to this just this on initiative will
other profitability to is increased massive scaling a regards even saw Our this we our be this can SG&A’s elaborate discussion of on. attributed the save will Part our at focus SG&A I reaching in at revenue quarter, to of beyond came our stage. last for early that expectations. any expense SG&A growth to Steve for leverage. of the business in remainder growth
that, with the call turn to Steve. I’ll over And
