RideNow Group, Inc. (RDNW) Stock

RideNow Group, Inc. (RDNW) is a Technology stock trading at $5.97 (as of 2026-08-21), with a market capitalization of $232.57M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

RideNow Group, Inc. (RDNW) operates an omnichannel system that consolidates and coordinates the distribution of pre-owned vehicles across North America. It operates through Powersports, Automotive, and Vehicle Logistics segments, supporting motorcycle and car/truck distribution and providing transportation between dealerships and auctions.

Understand RideNow Group, Inc.: how it makes money

RideNow Group operates an omnichannel platform that aggregates and distributes pre-owned and new vehicles (motorcycles, cars, and trucks) in North America, earning money by selling vehicle units and related offerings, plus transportation services between dealerships and auctions and finance and insurance revenue.

The profit engine is same store Power Sports unit trading, because the largest revenue base (Same Store Revenue, also the main Power Sports Segment Revenue) is supported by per-unit gross profit, while finance and insurance and fixed operations act as smaller add-ons and Vehicle Logistics is a minor contributor.

Revenue by segment (latest quarter)
Powersports	$0.3B
VehicleLogistics	$0.0B
Automotive	$0.0B

Business quality (Mixed): RideNow Group’s results appear primarily powered by Power Sports trading activity (same store), with additional revenue streams including fixed operations and finance and insurance, but margins are tight in the latest quarter and a large portion of the economics depend on vehicle unit performance.

Bull case

Scale in the core segment: Same Store Revenue and Power Sports Segment Revenue are both 0.26B in the latest quarter, indicating most activity is concentrated in Power Sports.
Multiple revenue streams tied to the vehicle lifecycle: The platform combines unit sales with fixed operations revenue (parts, service and accessories) and Finance and Insurance Revenue, Net (0.02B), which can diversify results within the core business.

Bear case

Low operating margin in the latest quarter: Operating margin is 2.9% while gross margin is 27.5%, suggesting higher operating cost pressure relative to gross profit.
Dependence on Power Sports economics: With Vehicle Transportation Services Segment Revenue at 0.01B and Finance and Insurance Revenue, Net at 0.02B, weaker Power Sports trading could have an outsized impact on overall performance.

Valuation — source: SEC EDGAR (first-party)
Price	$5.97
Market Cap	$232.57M
EV / EBITDA	7.8
Price / Sales	0.21
FCF Yield	-8.9%
DCF Value (model)	$14.28
DCF Upside vs Price	139.2%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$1.08B
Net Margin	-4.8%
Revenue Growth (YoY)	-1.0%
EPS Growth (YoY)	-120.0%
FCF Growth (YoY)	-118.8%

Financial Health — source: SEC EDGAR
Altman Z-Score	0.39 (distress)
Piotroski F-Score	6/9 (moderate)

Valuation vs Sector & Industry
Sector P/E (Technology)	33.9
Industry P/E (Business Services)	29.9

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	Stone House Capital Management, LLC ($50.16M)
Institutional Holders Tracked	10

Company
Sector	Technology
Industry	Business Services
CEO	Michael A. Quartieri
Employees	1,928
Country	US
IPO Date	2017-02-02

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Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.