RideNow Revs Up: Strong Q2 2026 Results and Accelerating Momentum
RideNow, the leading provider of used vehicles, has reported strong second-quarter results for 2026, solidifying its position as a major player in the industry. According to Jerene Makia, Vice President of Finance, RideNow's Q2 2026 same-store revenue reached $291.5 million, up 3% over the prior year period.
This impressive growth is attributed to the company's strategic execution and continuous improvement initiatives, which have enabled it to capture incremental wins and absorb valuable lessons. As Michael Quartieri, Chairman, Chief Executive Officer, and President of RideNow, emphasized, "We are still in the early innings," making it essential to maintain a level head, diligent effort, and focus on what can be controlled within the business.
RideNow's balanced tactical plan combines near-term operational improvements with structural changes to advance its long-term strategic direction. This approach has driven positive momentum, reflected in its Q2 2026 results. The company's near-term initiatives, including securing the right leadership, maintaining cost efficiency, and reinstating operational rigor across all stores, have continued to progress.
In addition to its improved financial performance, RideNow achieved several key milestones during the quarter. The company was added to the Russell 2000 Index, secured a new $20 million used floor plan facility, and expanded its floor plan capacity for new products. It also completed the relocation of two stores in Florida into integrated and upgraded facilities.
Most importantly, RideNow made substantial progress on its refinancing efforts, with Michael Quartieri looking forward to sharing more details on that front in the near future. Each of these achievements is a direct testament to RideNow's operational momentum.
Looking ahead, RideNow is well-positioned to build on this foundation, expecting to continue delivering strong levels of adjusted EBITDA and free cash flow throughout the remainder of 2026. The company's financial strength positions it to return to growth through highly accretive acquisitions, which remain a key pillar of its long-term value strategy.
Josh Barsetti, Executive Vice President and Chief Financial Officer, provided a more detailed review of RideNow's Q2 2026 financial results, noting that the company generated total revenue of $296.8 million, compared to $299.9 million in the prior year quarter. This decrease was predominantly driven by store consolidation efforts, which resulted in operating five fewer stores during the current quarter.
Overall, RideNow's strong Q2 2026 results and accelerating momentum demonstrate its commitment to delivering sustained value for shareholders.
