RumbleON unveils new three-year operating plan, Vision 2026

RumbleOn unveiled its new three-year operating plan, Vision 2026, aimed to deliver annual revenue exceeding $1.7 B annual adjusted EBITDA of greater than $150 M and annual adjusted free cash flow of $90M or more by calendar year 2026. The three strategic pillars of Vision 2026 are: Operate the best performing dealerships in America. Leverage the RideNow Cash Offer Tool to accelerate growth of the pre-owned vehicle business. Allocate capital to maximize long-term per share value. “The first pillar is simple in its measurement, but broad in its execution,” said Mike Kennedy, RumbleOn’s Chief Executive Officer. “Our plan to operate the best performing dealerships in America will be measured on Net Profit and Customer Satisfaction. There’s a lot that goes into delivering on these metrics, from simplifying and focusing our organization, attracting, retaining and properly incentivizing team members, and strengthening relationships with our OEM’s. I’m excited about the progress we’ve already made. I’ve met with our largest OEM partners and they share my enthusiasm about the direction in which we’re moving.” …”This three-year operating plan reflects input from our board, our team and my observations over the past few months,” explained Kennedy. “… announcement to roll out the Vision 2026 plan in detail to analysts and employees today.