everyone, you, Hilary, morning. and Thank for joining thank us you, this
to a the second RumbleON many updates quarter, fantastic results you both merger at the with team share entire for RideNow. is the and other very and with business excited Our of
jump in, speak to we to I very unfortunate the in want quarter. However, something before
dear loss Berrard, suffered friend. a co-founder, CFO, most we the a Steve of tragic and our and sudden in passing with As June, of unexpected
true and the with his For those many stepping larger-than-life you the Steve without contributions. not is of likes an each suffered up met. the knowledge, markets vision. made supporting public of a great with know committing lucky was tremendous I'm proud entire everyone every have leader and loss, impression successful other carry history to Blockbuster, would and and RumbleON and a and RumbleON to was known Steve, he We out day on but it the position enough to in be today experience, a for team, the other, in companies, figure, work long a so each their and he AutoNation,
passing. Steve's through interim with made has In working way assist with we're us welcome our who Before has Beverly, been our pending of turning lead I'd Beverly as to other to interim Controller, the a in key financial RideNow. and CFO progress a finance introduce like to recent our is Beverly executive CFO, quarter, stepped we appointments. alongside part this has combination to seasoned started Rath, I'm to to our some Beverly have a many her make and proud risen search our the contributions Steve the team new organization, the the the by for filling big We’ve very continues tremendous excited challenges. meantime, and CFO. in organization, years. inspired for to shoes executive,
phenomenal next Directors. and since Operating a of enter as our our evolution the We XXXX, been stage instrumental Peter business, the executive we Peter of of a has Officer, Levy, our Chief Peter has and our also understanding growth. fit to the to is join of team natural deep announced been board, has appointment RumbleON. of Board the on in
a XX Francis, combine dealership record trusted as and asset to style, will worked as success acquisitions. Executive with dominant be AutoNation strategy consolidate Steve we team business Legal through familiarity and Counsel. for the industry. national and RumbleON, an our invaluable Finally, His RideNow Legal nearly long fragmented build sports with brand power excited Advisor, with joined track of Michael including RumbleON that has Michael we're the helping years, Steve's highly
of know, Steve was you expertise credits his team. bring debits confident foremost. a better and dealmaker was just and a he He many incredible and Michael we As Berrard leadership are our to not that knew and style strategy first will anyone, guy. than
representing the is revenue, RideNow, company year-over-year, the RumbleON gross remaining Gross On XX.X%, basis special delivered closing on of at expected XXX% announced combination of basis that world-class to only July combination at margin evolves. but a pending RumbleON. conditions. meeting The $XXX.X XXth, have XXX% last up Friday, the XXXX, XXX was soon, continue from to stockholders with and top satisfaction to QX. work business hard talent in compared very to are team, Not XX% total to up XX and stellar its combination another close from business QX approved leadership and million and the add We grows for margin proposed we year. with delivered we'll gross subject business as QX, expansion XX% points stockholders. quarter-over-quarter. grew quarter profits We RumbleON RideNow $XX.X points and year-over-year, the million, of the we
positive with EBITDA We of million. also reported adjusted another $X quarter
our across strategic made progress significant also We priorities.
with have to redistribution dealers party add to consumers virtual offer a dealers our our using platform. retail inventory continue inventory to XX,XXX BXB nationwide, and BXB our strong across leads the within summer be nationwide enables and enhance website, launched our We RumbleON.com capability, next redistribution And reach dealers in onboarded, doing to confident and and their component today. unlocked and last online, affiliation. but only sell remain both and our on experience the to gives dealers manufacturer are advantage, for generation inventory RumbleON.com quality listings, other to and dealers, to online new not wholesale RumbleON.com, regardless By dealers. the acquire used, over late dealers inventory, participating and in on over drive pipeline the we we new, XXX to consumers and inventory help an site demand unwanted more inventory so, sports of to country, private We seeing a distribution, see strategy and to competitive, been customer there brick dealers continue we launch, opportunity has dealers, technology adoption. mortar to significant massive digital-first demand dealers and the stay the a consumers among traction experience. to as strong Since for power enabling place traditional leverage
site is year The a walk source of pricing the thrive new the interaction. shutdowns manufacturing average and There dealers a was XXX,XXX the purchases count reduction a inventory, refined could continued tailwinds enable opting available professional dealer be to These Power manufacturers purchase become QX, and and Many into XX% creates to due from digitize up normalize, on At inventory believe normalized, human steps for is has combined estimate the is more solution. to levels. demand our the to winning. than in anticipate, and vehicle lack need significant buying we ability for a sports levels on competitive industry our with normal online at new an returned a our dealer have inventory an in months long-term. shipments quarter, XXX,XXX best, demand Based due market. we strong a up count, and pent-up that and passion building challenge once of an to to journey. the once delivery, sport sourcing only dealer global want our Pre-owned been would the advantage, large We making the to lack higher as demand market, as to of the that same were a from by inventory delays. of XX% Omni-channel strong, on vehicle the imbalance over stocking total listings business. Our of be online, remains customer away, from shortages, lifestyle, impacted still primarily factors and as is supply that take selection, of the RumbleON the and ongoing and are increased benefiting listings face-to-face. to end consumers for which for to be prices, listings business. continues Not the should of supply. trusted store site levels over our pandemic-related that but driven electronically and in consumers, behavior consumers to time, strategy all to pandemic crave at-home the comfortable modern connect create excess
lot passion, their office, enthusiasts family, the adventure. has their involvement better home, nationwide, escape and drive combining to no have purchase Consumers gym, a their and seek and experience and promotes their to Not fun. of freedom to home, exciting is the their coming It a We it COVID-XX. completely which an power experiences, with is priority next a it escape whole the away on delivered hobby, their and only there or significant online next in-store, out new of to than increasingly give want sports. are RideNow and become of
Our at opportune this business combination with time more in RideNow come couldn't a industry.
powerful will consider our combined solution the If durable current macro the benefit consumer technology-enabled and tailwinds, our from combination poised of to in that behavior. with with some business secular most are you bring, we shifts pending RideNow the and opportunities expansive
inventory power best locations, sports, and unparalleled We only are the will of available the market quality our best an experience in available the become vision. in mix Manufacturers Omni-channel today. embracing customer and team, offer
the dealers from enthusiasm, in as transformative. We getting Providing power are to already and interest is in first support The sports, many seen have inbound significant capital is regards. public access positive monumental we viewed all and transaction and dealers.
industry, like many benefit to we those a If for group retire, company can huge level all to will are dealer Omni-channel provide the dealer in the RumbleON, infrastructure, consolidate a to capabilities brands from in for customer Manufacturers individual their experience unmatched be a each we win building in more in the their valuable to segment. a make their or quickly power can offering The along for partner public dealer efficiently, existing to if us. fragmented XX-plus RideNow lifetime customer a We support them sports. support RumbleON has to is tuck the to to power will jointly partner meaningful as their evident unparalleled high. RideNow, initiatives, who and involvement, years. And addition We of a in first them professionally, our enhance faster and with become have unparalleled of highly opportunity with through been improvements their fantastic cases, wants dealers, is initiatives, to sports and working very a and provide interest incredible businesses. move their excited believe grow and the manufacturers, synergies wants experiences. over opportunities create simply spent desire
approval the our in week, completing combination with proposed our Following last we innings shareholder business are RideNow. of final
inventory We integration technology confident are Bringing the with to footprint the and platform, brand, new more the vehicles, make that extensive sports geographic will RumbleON’s strong assessable of novice. and power to importantly, riders enthusiast, combined retail RideNow’s be pre-owned most because all to is the manufacturers. Access affordability, mission is the key to are our sport more beneficial to introducing into which to continues buyers a in of a bringing sport. we dealers,
on adventure getting long-term vehicle First effects ownership, power hooked the positive time sales. will vehicle have on sport of new buyers
technology and inventory will vehicle to pre-owned improving to quality transaction remain the or proprietary streamline leveraging vehicle online, pre-owned our high on We in-store entire sourcing. focused through access
gross exceeded entered delivered EBITDA our line our our We of Turning expectations we with the half for profit the second expectations. QX, outlook, and and adjusted momentum. with year prior in revenue to strong
We start us. of very are we solid and the optimistic have and in opportunities had XXXX, trajectory to front a about
expectations XXXX. the prudent a prior approach for guidance, are and year taking towards are full maintaining We our
and Assuming the $X.XX combination Xst, full $X.XX the revenue of a million a to combined as double adjusted $XXX to company in the completed growth. million. of XXXX billion range $XXX range Both represent billion, company EBITDA for digit expects in XXXX, January year of
and levers We of and well our EBITDA when, of would $X it margins to in to adjusted goal be time. as and to regards we in revenue, are guidance, present have billion margin. multiple believe pull, term what the XX% will guidance at extent, this primarily gross as to normalize, and forward, longer revise to growth There going unknowns many extremely confident imprudent are begin
or time. as national on will as a experience, over We outlook that earnings believe an quarter unmatched our well provide online distribution selection the unique goals. off, surrounding and We people managing initiatives industry best best absolutely and update call, the results third our to footprint, dominate power long-term with on consumer whether the a creates service the sports opportunity our and
that I'll confident over the ahead. financial We call the our growth excited We to robust deliver shareholders. are sustainable and to positions for discuss of to long-term our now turn road evolution Beverly business, value about our quarter the remain continued results. second us
