RumbleON, Inc. RMBL shares ended the last trading session 11.8% higher at $5.79. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 22.8% gain over the past four weeks.

The optimism surrounding RumbleON’s stock stems from a more favorable business environment, particularly as the Federal Reserve begins reducing interest rates. This shift is expected to increase consumer spending, benefiting companies like RumbleON that operate in high-demand markets such as used motorcycles and powersports equipment. As a leader in online vehicle transactions, RumbleON is well-positioned to capitalize on this growing demand.

The company’s commitment to enhancing its e-commerce platform for recreational vehicle transactions is a key factor driving its upward trajectory. By making the buying and selling process more efficient, RumbleON is capturing a larger share of the digital retail market, which continues to grow rapidly. Furthermore, recent strategic moves to consolidate and expand its dealership network have led to greater operational efficiency and better profit margins.

RumbleON’s focus on delivering a seamless, user-friendly digital experience is also strengthening its foothold in a fragmented market. These combined efforts suggest that the company is well-poised for future growth, supported by solid fundamentals and investments in technology and customer service.

This company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of +84.5%. Revenues are expected to be $302.76 million, down 10.5% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For RumbleON, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on RMBL going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

RumbleON belongs to the Zacks Internet - Commerce industry. Another stock from the same industry, Travelzoo TZOO, closed the last trading session 1.1% lower at $12.39. Over the past month, TZOO has returned -12.5%.

For Travelzoo , the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.20. This represents a change of +25% from what the company reported a year ago. Travelzoo currently has a Zacks Rank of #3 (Hold).

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