RideNow (RDNW) Deferred Taxes (2021 - 2024)

RideNow (RDNW) recorded quarterly Deferred Taxes of $400000.0 in Q1 2024, up 100.58% quarter-over-quarter from -$68.6 million in Q4 2023, and down 76.47% on a YoY basis from $1.7 million in Q2 2023.

RideNow (RDNW) Deferred Taxes (2021 - 2024) Analysis & Trends

RideNow's Deferred Taxes history runs 4 years deep, the most recent figure standing at $400000.0 for Q1 2024.

  • In Q1 2024, Deferred Taxes fell 76.47% year-over-year to $400000.0; the TTM figure through Dec 2024 stood at $400000.0 (up 100.68% YoY), while the FY2024 annual figure was $400000.0, up 100.68% from the prior year.
  • Deferred Taxes was $400000.0 for Q1 2024 at RideNow, up from -$68.6 million in the prior quarter.
  • In the past five years, Deferred Taxes ranged from a high of $80.6 million in Q4 2022 to a low of -$68.6 million in Q4 2023.
  • Historically, Deferred Taxes has averaged $3.7 million across 4 years, with a median of $2.0 million in 2022.
  • Biggest YoY gain for Deferred Taxes was 4575.32% in 2023; the steepest drop was 185.06% in 2023.
  • A 4-year view of Deferred Taxes shows it stood at $11.6 million in 2021, then soared by 596.67% to $80.6 million in 2022, then slumped by 185.06% to -$68.6 million in 2023, then soared by 100.58% to $400000.0 in 2024.
  • The last three Deferred Taxes figures came in at $400000.0 (Q1 2024), -$68.6 million (Q4 2023), and $3.6 million (Q3 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Deferred Taxes (Qtr)
1 Uxin 18.05 Bn 18.09 Bn 11.57 Mn -
2 Carvana 9.49 Bn 7.89 Bn 1.27 Bn -35.00 Mn
3 Carmax 6.94 Bn 6.35 Bn 605.26 Mn -2.82 Mn
4 Lithia Motors 6.76 Bn 6.78 Bn 1.42 Bn 16.20 Mn
5 Autonation 6.51 Bn 6.45 Bn 1.21 Bn 22.20 Mn
6 Rush Enterprises Inc \Tx\ 5.19 Bn 4.97 Bn 343.80 Mn 4.32 Mn
7 Valvoline 4.57 Bn 4.48 Bn 187.00 Mn -
8 Openlane 3.88 Bn 3.84 Bn 256.20 Mn 2.60 Mn
9 Group 1 Automotive 3.69 Bn 3.65 Bn 877.90 Mn -13.70 Mn
10 RideNow 277.10 Mn 247.60 Mn 70.90 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2024 400,000.00
Dec 31, 2023 -68.60 Mn
Sep 30, 2023 3.60 Mn
Jun 30, 2023 4.80 Mn
Mar 31, 2023 1.70 Mn
Dec 31, 2022 80.65 Mn
Sep 30, 2022 77,000.00
Jun 30, 2022 -5.99 Mn
Mar 31, 2022 1.97 Mn
Dec 31, 2021 11.58 Mn
Sep 30, 2021 10.97 Mn