RideNow Group, Inc. ($RDNW) reported second-quarter 2026 revenue of $296.8 million, down 1.03% from a year earlier and below Wall Street’s estimate of $326.1 million. Gross profit rose slightly to $84.8 million, while cost of sales came in at $212 million.
Profitability was mixed. Operating profit slipped to $17.9 million, net income attributable to common shareholders fell to $6.5 million, and diluted earnings per share were $0.16, compared with an estimate of $0.13. The company also posted negative operating cash flow of $100,000 for the quarter.
On the balance sheet, RideNow ended the period with $46.7 million in cash and cash equivalents, while total liabilities rose to $745.2 million. Capital spending totaled $1.5 million during the quarter.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
RideNow Group, Inc. Hedge Fund Activity
We have seen 27 institutional investors add shares of RideNow Group, Inc. stock to their portfolio, and 15 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 648,048 shares (+526.9%) to their portfolio in Q2 2026, for an estimated $4,315,999
- MILLENNIUM MANAGEMENT LLC added 182,097 shares (+108.4%) to their portfolio in Q1 2026, for an estimated $1,285,604
- STATE STREET CORP added 102,200 shares (+112.8%) to their portfolio in Q2 2026, for an estimated $680,652
- UBS GROUP AG added 56,883 shares (+1108.4%) to their portfolio in Q1 2026, for an estimated $401,593
- 683 CAPITAL MANAGEMENT, LLC removed 53,304 shares (-55.9%) from their portfolio in Q1 2026, for an estimated $376,326
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 48,493 shares (+28.4%) to their portfolio in Q1 2026, for an estimated $342,360
- BANK OF NEW YORK MELLON CORP added 44,376 shares (+inf%) to their portfolio in Q2 2026, for an estimated $295,544
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
RideNow Group, Inc. Price Targets
Multiple analysts have issued price targets for $RDNW recently. We have seen 2 analysts offer price targets for $RDNW in the last 6 months, with a median target of $7.5.
Here are some recent targets:
- Craig Kennison from Baird set a target price of $9.0 on 05/15/2026
- Michael Baker from DA Davidson set a target price of $6.0 on 03/10/2026
