When a company such as RumbleON conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the RMBL split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into RumbleON shares, starting with a $10,000 purchase of RMBL, presented on a split-history-adjusted basis factoring in the complete RMBL split history.

About RumbleON

RumbleON is a technology-based platform in the powersports industry. Although its primary focus is on the customer experience in the powersports industry, Co. participates in the wholesale automotive industry through its wholly-owned distributors of used automotive inventory, Wholesale, Inc. and its retailer AutoSport USA, Inc., both of which are the subsidiaries of it. Co.'s logistics services company, Wholesale Express, LLC, a subsidiary of Co., provides freight brokerage services facilitating transportation for dealers and consumers. According to our RMBL split history records, RumbleON has had 1 split.

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