RideNow Group, Inc. provides powersports dealership and vehicle transportation services.
Segments
The company operates through two operating segments: a powersports dealership group and a vehicle transportation services entity, Wholesale Express, LLC (‘Express’).
Powersports Segment
The company’s powersports business is the largest powersports retail group in the United States offering a wide selection of new and pre-owned motorcycles, all-terrain vehicles (‘ATV’), utility terrain or side-by...
RideNow Group, Inc. provides powersports dealership and vehicle transportation services.
Segments
The company operates through two operating segments: a powersports dealership group and a vehicle transportation services entity, Wholesale Express, LLC (‘Express’).
Powersports Segment
The company’s powersports business is the largest powersports retail group in the United States offering a wide selection of new and pre-owned motorcycles, all-terrain vehicles (‘ATV’), utility terrain or side-by-side vehicles (‘SXS’), personal watercraft (‘PWC’), snowmobiles, and other powersports products. The company also offers parts, apparel, accessories, finance & insurance products and services, and aftermarket products from a wide range of manufacturers. Additionally, the company offers a full suite of repair and maintenance services. As of December 31, 2024, the company operated a total of 56 dealerships located in Alabama, Arizona, California, Florida, Georgia, Kansas, Massachusetts, Nevada, North Carolina, Ohio, Oklahoma, South Dakota, Texas and Washington.
The company sources high quality pre-owned inventory online via the company’s proprietary RideNow Cash Offer technology, which allows the company to purchase pre-owned units directly from consumers.
Vehicle Transportation Services Segment
Express provides asset-light transportation brokerage services facilitating automobile transportation primarily between and among dealerships and auctions throughout the United States. The company provide services focused on pre-owned vehicles to clients across the United States through the company’s established network of pre-qualified carriers.
Former Operations
Discontinued operations represent the results of the company’s wholesale automotive business, which was wound down as of June 30, 2023. Also, on December 29, 2023, the company sold its consumer loans portfolio underwritten by two subsidiaries.
Long-Term Strategy
The company's business strategy is to run the best performing dealerships in America; and leverage the company’s proprietary RideNow cash offer technology to accelerate growth of its pre-owned inventory.
The company’s plan includes growing the company’s powersports segment both organically by adding new customers through the company’s online and in-store locations, by adding brands to existing locations and by acquiring new strategic retail locations.
Government Regulation
Various aspects of the company’s business are subject to federal and state laws and regulations, including state and local dealer licensing requirements, federal and state consumer finance laws, the United States Department of Transportation motor-carrier rules and regulations, federal, state and local environmental laws and regulations, including the U.S. Environmental Protection Act; federal, state, and local wage and hour and anti-discrimination laws; and antitrust laws.
In addition to these laws and regulations that apply specifically to the company’s business, the company is also subject to laws and regulations affecting public companies, including securities laws and the listing rules of The Nasdaq Stock Market (‘Nasdaq’).
History
The company was incorporated in 2013. It was formerly known as Smart Server, Inc. and changed its name to RumbleOn, Inc. in 2017 and then to RideNow Group, Inc. in August 2025.