Baird Lifts PT on RideNow Group (RDNW), Cites Robust Same-Store Sales

1 hour ago 1

Noor Ul Ain Rehman

Sat, May 23, 2026 astatine 7:16 AM CDT 1 min read

RideNow Group, Inc. (NASDAQ:RDNW) is 1 of the champion oversold maturation stocks to put successful now. Baird lifted the terms people connected RideNow Group, Inc. (NASDAQ:RDNW) to $9 from $7 connected May 15, reiterating a Neutral standing connected the shares. The steadfast updated its exemplary arsenic robust same-store income substance its upside.

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The standing update came aft the institution reported its fiscal results for fiscal Q1 2026 connected May 14, reporting that Powersports gross roseate 6.4% to scope $260.4 million, which represents an summation of $15.7 million. Powersports Revenue was up 13.1% connected a same-store income basis, which was driven by a 16.3% summation successful portion sales. The institution further reported that the Powersports gross nett was $71.6 million, up 8.3%, portion selling, wide & administrative disbursal was $62.1 million, oregon 86.7% of full Company gross profit, compared to $61.1 million, oregon 90.9% of gross nett successful the anterior twelvemonth period.

RideNow Group, Inc. (NASDAQ:RDNW) provides centrifugal conveyance trader and e-commerce platforms. The company’s operations are divided into the Powersports Dealership Group and Vehicle Transportation Services segments.

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