RideNow Group, Inc. Reports Third Quarter 2026 Financial Results

Michael Quartieri, Chairman, Chief Executive Officer and President of RideNow Group, Inc.

“The contraction we saw in the third quarter was primarily driven by our proactive, company-wide rollout of the 'RideNow Clear Price' strategy, designed to fully comply with FTC pricing guidelines.”

Michael Quartieri, Chairman, Chief Executive Officer and President of RideNow Group, Inc.

“While the August rollout impacted our retail volume against non-compliant competitors during the quarter, we believe it is the right move to build long-term customer trust and position us as the dealership group of choice.”

Michael Quartieri, Chairman, Chief Executive Officer and President of RideNow Group, Inc.

“In fact, we are already seeing a rebound in the fourth quarter as consumer awareness grows, and we expect Q4 Adjusted EBITDA to outpace Q3, bucking our typical seasonal trend.”

Michael Quartieri, Chairman, Chief Executive Officer and President of RideNow Group, Inc.

“We reduced costs by $4.6 million on an annualized basis during the quarter, and we continue to make great progress on our operational transformation and expect to yield an incremental $10 million of run-rate cost savings as we exit 2027.”

Michael Quartieri, Chairman, Chief Executive Officer and President of RideNow Group, Inc.

“During the quarter, we refinanced our term debt, extending our maturities to 2031 and completed an accretive tuck-in acquisition of a dealership in Tallahassee, Florida.”

Michael Quartieri, Chairman, Chief Executive Officer and President of RideNow Group, Inc.

“Ultimately, the structural changes and cost reductions we are implementing, coupled with accretive acquisitions, set us up very well to capture substantial operating leverage when the broader powersports cycle rebounds.”