RideNow Group, Inc 10-Q for FY2020 Q1

RideNow Group, Inc. (RDNW)

10-Q 2020-06-29 For: 2020-03-31

Added on April 12, 2026

About this 10-Q

RideNow Group, Inc filed this 10-Q on June 29, 2020, covering the quarter ended March 31, 2020 (FY2020 Q1).

Headline figures

Quarter ended March 31, 2020, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $144.42M; down 35.3% from $223.18M a year earlier
Net loss: $22.04M; compared with a net loss of $8.28M a year earlier

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →

RumbleOn, Inc. (Exact name of registrant as specified in its charter)
Nevada		46-3951329
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

901 W Walnut Hill Lane Irving TX		75038
(Address of principal executive offices)		(Zip Code)

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class B Common Stock, $0.001 par value		RMBL		The NASDAQ Capital Market

PART I - FINANCIAL INFORMATION
		Page

Item 1.	Financial Statements	1
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	21
Item 3.	Quantitative and Qualitative Disclosure About Market Risk	46
Item 4.	Controls and Procedures	46
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	47
Item 1A.	Risk Factors	47
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	47
Item 3.	Defaults Upon Senior Securities	47
Item 4.	Mine Safety Disclosures	47
Item 5.	Other Information	47
Item 6.	Exhibits	47
SIGNATURES		48

	As of March 31, 2020	As of December 31, 2019
ASSETS
Current assets:
Cash	$2,484,169	$49,660
Restricted cash	5,502,322	6,676,622
Accounts receivable, net	8,242,025	8,482,707
Inventory	55,408,531	57,381,281
Prepaid expense and other current assets	1,369,648	1,210,474
Total current assets	73,006,695	73,800,744

Property and equipment, net	6,172,886	6,427,674
Right-of-use asset	5,815,328	6,040,287
Goodwill	26,886,563	26,886,563
Other assets	82,648	237,823
Total assets	$111,964,120	$113,393,091

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
Accounts payable and other accrued liabilities	$10,235,472	$12,421,094
Accrued interest payable	1,183,623	749,305
Current portion of convertible debt	1,156,911	1,363,590
Current portion of long-term debt	62,799,557	59,160,970
Total current liabilities	75,375,563	73,694,959

Long-term liabilities:
Note payable	-	1,924,733
Convertible Debt	26,082,706	20,136,229
Derivative liabilities	137,488	27,500
Other long-term liabilities	4,968,931	4,722,101
Total long-term liabilities	31,189,125	26,810,563

Total liabilities	106,564,688	100,505,522

Commitments and contingencies (Notes 4, 7, 8, 9, 13, 18)

Stockholders' equity:
Class B Preferred stock, $0.001 par value, 10,000,000 shares authorized, 0 and 0 shares issued and outstanding as of March 31, 2020 and December 31, 2019	-	-
Common A stock, $0.001 par value, 50,000 shares authorized, 50,000 shares issued and outstanding as of March 31, 2020 and December 31, 2019	50	50
Common B stock, $0.001 par value, 4,950,000 shares authorized, 2,151,166 and 1,111,681 shares issued and outstanding as of March 31, 2020 and December 31, 2019	2,151	1,112
Additional paid in capital	106,817,379	92,268,213
Accumulated deficit	(101,420,148)	(79,381,806)
Total stockholders' equity	5,399,432	12,887,569

Total liabilities and stockholders' equity	$111,964,120	$113,393,091

	Three Months Ended March 31,
	2020	2019
Revenue:
Pre-owned vehicle sales:
Powersports	$23,139,080	$26,929,159
Automotive	114,198,079	190,907,188
Transportation and vehicle logistics	7,087,591	5,341,412
Total revenue	144,424,750	223,177,759

Cost of revenue
Powersports	20,558,286	23,949,556
Automotive	108,353,505	181,495,112
Transportation	5,088,059	3,742,022
Cost of revenue before impairment loss	133,999,850	209,186,690
Impairment loss on automotive inventory	11,738,413	-
Total cost of revenue	145,738,263	209,186,690

Gross profit (loss)	(1,313,513)	13,991,069

Selling, general and administrative	18,056,426	20,440,016

Depreciation and amortization	522,995	382,225

Operating loss	(19,892,934)	(6,831,172)

Interest expense	(2,216,757)	(1,445,133)

Loss in derivative liability	(116,815)	-

Gain on early extinguishment of debt	188,164	-

Net loss before provision for income taxes	(22,038,342)	(8,276,305)

Benefit for income taxes	-	-

Net loss	$(22,038,342)	$(8,276,305)

Weighted average number of common shares outstanding - basic and fully diluted	2,046,423	1,024,221

Net loss per share basic and fully diluted	$(10.77)	$(8.08)

		(469) 250-1185
		(Registrant's telephone number, including area code)
	(Former name, former address and former fiscal year, if changed since last report)

	Preferred Shares		Class A Common Shares		Class B Common Shares
	Shares	Amount	Shares	Amount	Shares	Amount	Additional Paid In Capital	Accumulated Deficit	Total Stockholders' Equity
Balance, as of December 31, 2019	-	$-	50,000	$50	1,111,681	$1,112	$92,268,213	(79,381,806)	$12,887,569
Issuance of common stock, net of issuance cost	-	-	-	-	1,035,000	1,035	10,779,045	-	10,780,080
Issuance of common stock for restricted stock units	-	-	-	-	4,485	4	(4)	-	-
Convertible note exchange	-	-	-	-	-	-	2,923,755	-	2,923,755
Stock-based compensation	-	-	-	-	-	-	846,370	-	846,370
Net loss	-	-	-	-	-	-	-	(22,038,342)	(22,038,342)
Balance as of March 31, 2020	-	$-	50,000	$50	2,151,166	$2,151	$106,817,379	$(101,420,148)	$5,399,432

	March 31, 2020	December 31, 2019
Trade	$9,279,635	$9,369,733
Finance	41,755	147,893
Other	750	-
	9,322,140	9,517,626
Less: allowance for doubtful accounts	1,080,115	1,034,919
	$8,242,025	$8,482,707

	March 31, 2020	December 31, 2019
Pre-owned vehicles:
Powersport vehicles	$6,639,846	$10,365,050
Automobiles and trucks	57,980,858	47,599,433
	64,620,704	57,964,483
Less: Reserve	9,212,173	583,202
	$55,408,531	$57,381,281

Purchase price consideration:
Cash	$835,000

$1,536,000 convertible note	1,536,000
$500,000 promissory note	500,000
$257,933 Promissory note	257,933
Total purchase price consideration	$3,128,933

Estimated fair value of assets:
Accounts receivable	3,177,660
Inventory	2,862,004
	6,039,664

Estimated fair value of accounts payable and other	5,875,009

Excess of assets over liabilities	164,655

Goodwill	2,964,278

Total net assets acquired	$3,128,933

	Three-Months Ended March 31, 2019
Unaudited
Pro forma revenue	$229,496,368
Pro forma net loss	$(8,387,927)
Loss per share - basic and fully diluted	$(7.90)
Weighted-average common shares and common stock equivalents outstanding basic and fully diluted	1,061,344

	March 31, 2020	December 31, 2019
Vehicles	$323,477	$158,327
Furniture and equipment	191,047	448,074
Technology development and software	9,153,623	8,863,247
Leasehold improvements	180,618	246,135
Total property and equipment	9,848,765	9,715,783
Less: accumulated depreciation and amortization	3,675,879	3,288,109
Total	$6,172,886	$6,427,674

	Goodwill	Indefinite Lived Intangible Assets
Balance at December 31, 2019	$26,886,563	$45,515
Impairment	-	-
Balance at March 31, 2020	$26,886,563	$45,515

	March 31, 2020	December 31, 2019
Accounts payable	$4,968,709	$8,730,624
Operating lease liability-current portion	1,414,054	1,423,610
Accrued payroll	792,177	715,658
State and local taxes	745,643	912,062
Other accrued expenses	2,314,889	639,140
Total	$10,235,472	$12,421,094

	March 31, 2020	December 31, 2019
Notes payable-NextGen dated February 8, 2017. Interest is payable semi-annually at 6.5% through February 9, 2019 and 8.5% through maturity which is January 31, 2021.	$833,333	$1,333,334

Notes payable-private placement dated March 31, 2017 and exchanged January 14, 2020. Interest is payable semi-annually at 6.5% through September 30, 2019 and 8.5% through maturity which is January 31, 2021.	669,175	667,000

Line of credit-floor plan-Ally dated February 16, 2018. Facility provides up to $25,000,000 of available credit secured by vehicle inventory and other assets. Principal and interest are payable on demand.	-	8,419,897

Line of credit-floor plan-NextGear dated October 30, 2018. Secured by vehicle inventory and other assets. Interest rate at March 31, 2020 was 6.25%. Principal and interest is payable on demand.	61,297,049	50,741,073

Less: Debt discount	-	(75,601)
Total notes payable and lines of credit	62,799,557	61,085,703
Less: Current portion	62,799,557	59,160,970

Long-term portion	$-	$1,924,733

	Three Months Ended March 31,
	2020	2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (22,038,342)	$(8,276,305)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	522,995	382,225
Amortization of debt discounts	627,755	211,725
Share based compensation	846,370	689,121
Impairment loss on inventory	11,738,413	-
Impairment loss on fixed assets	177,626	-
Loss from change in value of derivatives	116,815	-
Gain on early extinguishment of debt	(188,164)	-
Changes in operating assets and liabilities:
(Increase) decrease in prepaid expenses and other current assets	(159,175)	324,689
(Increase) decrease in inventory	(9,765,663)	2,106,138
Decrease (Increase) in accounts receivable	240,682	(1,200,058)
(Increase) decrease in other assets	155,175	-
Decrease in accounts payable and accrued liabilities	(2,176,064)	(806,848)
Increase in accrued interest payable	434,318	92,573
Net cash used in operating activities	(19,467,259)	(6,476,740)

CASH FLOWS FROM INVESTING ACTIVITIES
Cash used for acquisitions; net of cash received	-	(835,000)
Purchase of property and equipment	(132,366)	-
Proceeds from sales of property and equipment	-	40,620
Technology development	(290,376)	(879,829)
Net cash used in investing activities	(422,742)	(1,674,209)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable	8,272,375	-
Net proceeds (repayments) on line of credit	2,097,755	(3,241,603)
Net Proceeds from sale of common stock	10,780,080	6,525,775
Net cash provided by financing activities	21,150,210	3,284,172

NET CHANGE IN CASH	1,260,209	(4,866,777)

CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD	6,726,282	15,784,902

CASH AND RESTRICTED CASH AT END OF PERIOD	$7,986,491	$10,918,125

	Principal Amount	Debt Discount	Carrying Amount
Convertible senior notes	$38,750,000	$13,109,986	$25,640,014
Convertible notes-Autosport
$1,536,000 unsecured note	1,472,000	370,902	1,101,098
$500,000 unsecured note	500,000	1,495	498,505
	40,722,000	13,482,383	27,239,617
Less: Current portion	1,268,000	111,089	1,156,911
Long-term portion	$39,454,000	$13,371,294	$26,082,706

	Three-Months Ended March 31,
	2020	2019
Restricted Stock Units	$831,079	$689,121

Options	15,291	-

Total stock-based compensation	$846,370	$689,121

	Three-Months Ended March 31,
	2020	2019
Compensation and related costs	$8,180,100	$7,054,263
Advertising and marketing	2,948,155	5,491,572
Professional fees	842,703	650,444
Technology development	622,144	492,713
General and administrative	5,463,324	6,751,024
	$18,056,426	$20,440,016

	Three-Months Ended March 31, 2020
Contractual interest expense	$566,719
Amortization of debt discounts	$346,029
Total	$912,748

	March 31,
	2020	2019
Cash and cash equivalents	$2,484,169	$49,660
Restricted cash (1)	5,502,322	6,676,622
Total cash, cash equivalents, and restricted cash	$7,986,491	$6,726,282

	March 31, 2020
Weighted-average remaining lease term	4 Years
Weighted-average discount rate	7.0%

2020	$1,365,387
2021	1,785,519
2022	1,920,543
2023	744,370
2024	310,200
Thereafter	498,200
Total lease payments	6,624,219
Less imputed interest	(680,375)
Present value of lease liabilities	$5,943,844

	Powersports	Automotive	Vehicle Logistics and Transportation	Eliminations(1)	Total
Three Months Ended March 31, 2020
Total assets	$54,583,357	$75,520,584	$8,470,887	$(26,610,708)	$111,964,120
Revenue	$23,139,080	$114,198,079	8,990,181	$(1,902,590)	$144,424,750
Operating income (loss)	$(7,189,585)	$(13,360,432)	$657,083	$-	$(19,892,934)
Depreciation and amortization	$462,537	$58,607	$1,851	$-	$522,995
Interest expense	$(1,464,627)	$(751,834)	$(296)	$-	$(2,216,757)
Loss in derivative liability	$(116,815)	$-	$-	$-	$(116,815)
Gain on early extinguishment of debt	$188,164	$-	$-	$-	$188,164

Three Months Ended March 31, 2019
Total assets	$67,091,591	$67,387,321	$6,403,729	$(25,339,418)	$115,543,223
Revenue	$26,929,159	$190,907,188	$8,176,010	$(2,834,598)	$223,177,759
Operating income (loss)	$(8,376,724)	$(999,163)	$546,389	$-	$(6,831,172)
Depreciation and amortization	$321,374	$59,000	$1,851	$-	$382,225
Interest expense	$799,961	$645,172	$-	$-	$1,445,133

	For the Three-months Ended March 31, 2020				For the Three-months Ended March 31, 2019
	Revenue	Revenue%	Gross Profit	GP%	Revenue	Revenue%	Gross Profit	GP%
Segment
Powersports	23,139,080	16.0%	2,580,794	11.2%	26,929,159	12.1%	2,979,603	11.1%
Automotive	114,198,079	79.1%	5,844,574	5.1%	190,907,188	85.5%	9,412,076	4.9%
Transportation	7,087,591	4.9%	1,999,532	28.2%	5,341,412	2.4%	1,599,390	29.9%
Gross profit before impairment loss	144,424,750	-	10,424,900	7.2%	223,177,759	-	13,991,069	-
Impairment loss (1)	-	-	(11,738,413)	(8.1)%	-	-	-	-
	144,424,750	100.0%	(1,313,513)	(0.9)%	223,177,759	100.0%	13,991,069	6.3%

	Three Months Ended March 31,
Powersports:	2020	2019
Vehicles sold	2,817	3,298
Average days to sale	43	37
Total vehicle revenue	$23,139,080	$26,929,159
Gross Profit	$2,926,263	$3,165,796

	Three Months Ended March 31,
Automotive(1):	2020	2019
Vehicles sold	4,603	8,805
Average days to sale	31	26
Total vehicle revenue	$113,632,267	$190,907,188
Gross Profit	$6,348,968	$9,435,365

	Three Months Ended March 31,
	2020	2019(2)
Key Operation Metrics:
Total vehicles sold	4,603	8,805

Total Automotive Revenue	$113,632,267	$190,907,188
Gross Profit	$6,348,968	$9,435,365
Gross Profit per vehicle	$1,379	$1,072
Gross Margin	5.6%	4.9%
Average selling price	$24,687	$21,682

Consumer:
Vehicles sold	646	863

Total Consumer Revenue	$17,584,737	$21,565,124
Gross Profit	$2,108,722	$2,232,856
Gross Profit per vehicle	$3,264	$2,587
Gross Margin	12.0%	10.4%
Average selling price	$27,221	$24,989

Dealer:
Vehicles sold	3,957	7,942

Total Dealer Revenue	$96,047,530	$169,342,064
Gross Profit	$4,240,245	$7,202,509
Gross Profit per vehicle	$1,072	$907
Gross Margin	4.4%	4.3%
Average selling price	$24,273	$21,322

	For the Three Months ended March 31, 2020
	Powersports	Automotive(1)	Vehicle Logistics and Transportation Services	Elimination(2)	Total
Revenue:
Pre-owned Vehicle Sales:
Powersports	$23,139,080	$-	$-	$-	$23,139,080
Automotive	-	114,198,079	-	-	114,198,079
Transportation and Vehicle Logistics	-	-	8,990,181	(1,902,590)	7,087,591
Total Revenue	23,139,080	114,198,079	8,990,181	(1,902,590)	144,424,750

Cost of Revenue:
Powersports	20,558,286	-	-	-	20,558,286
Automotive	-	108,353,505	-	-	108,353,505
Transportation	-	-	6,990,649	(1,902,590)	5,088,059
Impairment loss	-	11,738,413	-	-	11,738,413
Total Cost of Revenue	20,558,286	120,091,918	6,990,649	(1,902,590)	145,738,263

Gross Profit	$2,580,794	$(5,893,839)	$1,999,532	$-	$(1,313,513)

	For the Three Months ended March 31, 2019
	Powersports	Automotive(1)	Vehicle Logistics and Transportation Services	Elimination(2)	Total
Revenue:
Pre-owned Vehicle Sales:
Powersports	$26,929,159	$-	$-	$-	$26,929,159
Automotive	-	190,907,188	-	-	190,907,188
Transportation and Vehicle Logistics	-	-	8,176,010	(2,834,598)	5,341,412
Total Revenue	26,929,159	190,907,188	8,176,010	(2,834,598)	223,177,759

Cost of Revenue:
Powersports	23,949,556	-	-	-	23,949,556
Automotive	-	181,495,112	-	-	181,495,112
Transportation	-	-	6,576,620	(2,834,598)	3,742,022
Total Cost of Revenue	23,949,556	181,495,112	6,576,620	(2,834,598)	209,186,690

Gross Profit	$2,979,603	$9,412,076	$1,599,390	$-	$13,991,069

	For the Three Months Ended March 31,
	2020	2019
Revenue:
Pre-owned Vehicle Sales:
Powersports	$23,139,080	$26,929,159
Automotive (1)	114,198,079	190,907,188
Total vehicle revenue	137,337,159	217,836,347

Cost of Revenue:
Powersports	20,558,286	23,949,556
Automotive(1)	108,353,505	181,495,112
Impairment loss on vehicle inventory	11,738,413	-
Total cost of revenue	140,650,204	205,444,668

Gross Profit	(3,313,045)	12,391,679

Selling, General and Administrative	16,571,828	19,388,866

Depreciation and Amortization	521,144	380,374

Operating loss	(20,406,017)	(7,377,561)

Interest expense	(2,216,460)	(1,445,133)

Increase in derivative liability	(116,815)	-

Gain on early extinguishment of debt	188,664	-

Net loss before provision for income taxes	(22,550,628)	(8,822,694)

Benefit for income taxes	-	-

Net loss	$(22,550,628)	$(8,822,694)

	For the Three-Months Ended March 31,
	2020	2019
Powersports

Vehicle revenue:
Consumer	$2,656,880	$2,147,022
Dealer	20,482,200	24,782,137
Total vehicle revenue	$23,139,080	$26,929,159

Vehicle gross Profit:
Consumer	$646,412	$480,583
Dealer	2,279,850	2,685,213
Total vehicle gross profit	$2,926,262	$3,165,796

Vehicles sold:
Consumer	280	283
Dealer	2,537	3,015
Total vehicles sold	2,817	3,298

Gross profit per vehicle:
Consumer	$2,309	$1,698
Dealer	$899	$891
Total	$1,039	$960

Gross margin per vehicle:
Consumer	24.3%	22.4%
Dealer	11.1%	10.8%
Total	12.6%	11.8%

Average vehicle selling price:
Consumer	$9,489	$7,587
Dealer	$8,073	$8,220
Total	$8,214	$8,165

	For the Three-Months Ended March 31,
	2020	2019(1)
Automotive

Vehicle revenue:
Consumer	$18,150,549	$21,565,124
Dealer	96,047,530	169,342,064
Total vehicle revenue	114,198,079	190,907,188

Gross Profit(2):
Consumer	$2,469,250	$2,232,856
Dealer	3,375,325	7,202,509
Total vehicle gross profit	$5,844,574	$9,435,365

Vehicles sold:
Consumer	646	863
Dealer	3,957	7,942
Total vehicles sold	4,603	8,805

Gross profit per vehicle:
Consumer	$3,822	$2,587
Dealer	$853	$907
Total	$1,270	$1,072

Gross margin per vehicle:
Consumer	13.6%	10.4%
Dealer	3.5%	4.3%
Total	5.1%	4.9%

Average selling price:
Consumer	$28,097	$24,989
Dealer	$24,273	$21,322
Total	$24,809	$21,682

	Three Months Ended March 31,
	2020	2019
Net loss	$(22,038,342)	$(8,276,305)
Add back:
Interest expense (including debt extinguishment)	2,028,593	1,445,133
Depreciation and amortization	522,995	382,225
Increase in derivative liability	116,815	-
EBITDA	(19,369,939)	(6,448,947)
Adjustments
Impairment loss on automotive inventory	11,738,413	-
Non-cash-stock-based compensation	846,370	689,121
Litigation expenses	277,995	24,446
Technology implementation costs and expenses	-	215,643
Other non-recurring costs	-	845,248
Adjusted EBITDA	$(6,507,161)	$(4,674,489)

Asset-Based Financing:	March 31, 2020	December 31, 2019
Inventory	$61,297,048	$59,160,970
Convertible senior notes	39,583,334	31,333,334
Senior unsecured notes	2,641,175	2,568,843
Total debt	103,521,557	93,063,147
Less: unamortized discount and debt issuance costs	(13,482,383)	(10,477,625)
Total debt, net	$90,039,174	$82,585,522

Exhibit No.	Description
4.1	Indenture, dated January 14, 2020, between RumbleOn, Inc. and Wilmington Trust National Association. (Incorporated by reference to Exhibit 4.1 in the Company’s Current Report on Form 8-K, filed on January 16, 2020).
4.2	Form of 6.75% Convertible Senior Note due 2025 (included as Exhibit A to the Indenture filed as Exhibit 4.1).
4.3	Registration Rights Agreement, dated May 14, 2019, between the Company and JMP Securities LLC (Incorporated by reference to Exhibit 4.1 in the Company’s Current Report on Form 8-K, filed on January 16, 2020).
10.1	Form of Note Exchange & Subscription Agreement, dated January 10, 2020. (Incorporated by reference to Exhibit 10.1 in the Company’s Current Report on Form 8-K, filed on January 16, 2020).
10.2	Form of Joinder & Amendment, dated January 10, 2020 (Incorporated by reference to Exhibit 10.2 in the Company’s Current Report on Form 8-K, filed on January 16, 2020).
10.3	Form of Investor Note Exchange Agreement (Incorporated by reference to Exhibit 10.3 in the Company’s Current Report on Form 8-K, filed on January 16, 2020).
10.4	Form of New Investor Note (Incorporated by reference to Exhibit 10.4 in the Company’s Current Report on Form 8-K, filed on January 16, 2020).
10.5	Form of Security Agreement, dated January 14, 2020 (Incorporated by reference to Exhibit 10.5 in the Company’s Current Report on Form 8-K, filed on January 16, 2020).
31.1	Certification of Principal Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
31.2	Certification of Principal Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
32.1	Certifications of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002**
32.2	Certifications of Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002**
101.INS	XBRL Instance Document*
101.SCH	XBRL Taxonomy Extension Schema*
101.CAL	XBRL Taxonomy Extension Calculation Linkbase*
101.DEF	XBRL Taxonomy Extension Definition Linkbase*
101.LAB	XBRL Taxonomy Extension Label Linkbase*
101.PRE	XBRL Taxonomy Extension Presentation Linkbase*

	RUMBLEON, INC.

Date: June 29, 2020	By:	/s/ Marshall Chesrown
		Marshall Chesrown
		Chief Executive Officer (Principal Executive Officer)



Date: June 29, 2020	By:	/s/ Steven R. Berrard
		Steven R. Berrard
		Chief Financial Officer and Secretary (Principal Financial Officer and Principal Accounting Officer)

June 29, 2020	By:	/s/ Marshall Chesrown
		Marshall Chesrown
		Chairman and Chief Executive Officer