RumbleON is engaged in the development of a capital light e-commerce platform facilitating the ability of both consumers and dealers to Buy-Sell-Trade-Finance pre-owned vehicles in one online location. Serving both consumers and dealers, through its online marketplace platform, Co. makes cash offers for the purchase of pre-owned vehicles. In addition, Co. provides an inventory of pre-owned vehicles for sale along with third-party financing and associated products. Co. utilizes regional partners in the acquisition of pre-owned vehicles to provide inspection, reconditioning and distribution services. The RMBL stock yearly return is shown above.
The yearly return on the RMBL stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2021 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the RMBL annual return calculation with any dividends reinvested as applicable (on ex-dates).
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