RumbleON GAAP EPS of $0.58 misses by $0.24, revenue of $459.92M beats by $17.24M; reaffirms FY22 guidance

• RumbleON press release (NASDAQ:RMBL): Q1 GAAP EPS of $0.58 misses by $0.24.
• Revenue of $459.92M (+341.1% Y/Y) beats by $17.24M.
• Adjusted EBITDA was $31.4 million, up 29.2% from $24.3 million in the prior quarter.
• Used retail powersports unit sales increased 31% sequentially.
• Total unit sales grew 13.8% to 19,380 units. 

• RumbleOn is reiterating its outlook for the full year 2022: Total revenue within the range of $1.9 to $2.0 billion vs. consensus of $1.95B; Adjusted EBITDA of at least $145 million which includes up to $20 million of incremental operating and capital investments in key strategic areas .