Baird Lifts PT on RideNow Group (RDNW), Cites Robust Same-Store Sales
Key takeaways
- Baird Lifts PT on Ride Now Group (RDNW), Cites Robust Same-Store Sales Noor Ul Ain Rehman Sat, May 23, 2026 at 7:16 PM GMT+7 1 min read RDNW Ride Now Group, Inc.
- The rating update came after the company reported its financial results for fiscal Q1 2026 on May 14, reporting that Powersports revenue rose 6.4% to reach $260.4 million, which represents an increase of $15.7 million.
- (NASDAQ:RDNW) provides motor vehicle dealer and e-commerce platforms.
Baird Lifts PT on Ride Now Group (RDNW), Cites Robust Same-Store Sales Noor Ul Ain Rehman Sat, May 23, 2026 at 7:16 PM GMT+7 1 min read RDNW Ride Now Group, Inc. (NASDAQ:RDNW) is one of the best oversold growth stocks to invest in now. Baird lifted the price target on Ride Now Group, Inc. (NASDAQ:RDNW) to $9 from $7 on May 15, reiterating a Neutral rating on the shares. The firm updated its model as robust same-store sales fuel its upside.
The rating update came after the company reported its financial results for fiscal Q1 2026 on May 14, reporting that Powersports revenue rose 6.4% to reach $260.4 million, which represents an increase of $15.7 million. Powersports Revenue was up 13.1% on a same-store sales basis, which was driven by a 16.3% increase in unit sales. The company further reported that the Powersports gross profit was $71.6 million, up 8.3%, while selling, general & administrative expense was $62.1 million, or 86.7% of total Company gross profit, compared to $61.1 million, or 90.9% of gross profit in the prior year period.
RideNow Group, Inc. (NASDAQ:RDNW) provides motor vehicle dealer and e-commerce platforms. The company’s operations are divided into the Powersports Dealership Group and Vehicle Transportation Services segments.