#United States #Chandler #Russell 2000 #Russell 3000 #RideNow Group

RideNow Group, Inc. to Join Russell Indexes

RideNow Group, Inc. (NASDAQ: RDNW) has declared that it anticipates becoming a part of the widely recognized Russell 2000 Index and the more expansive Russell 3000 Index as part of the 2026 reconstitution process. This significant transition is set to take effect immediately following the closing of the U.S. equity markets on June 26, 2026.

The Russell 3000 Index serves as an all-encompassing benchmark for U.S. stocks, while the Russell 2000 specifically tracks small-cap companies. Being included in these indexes will automatically mean that RideNow is eligible for inclusion in the smaller-cap Russell 2000 Index, which is seen as an outcome of the company’s growing market capitalization.

Michael Quartieri, the Chairman, CEO, and President of RideNow, expressed immense pride regarding this milestone. He commented, "We are incredibly proud to join the Russell 2000 and 3000 indexes. This inclusion marks an important milestone for us and validates all of our hard work over the last year, as well as reinforces our strategic path forward."

Quartieri emphasized that this inclusion will enhance the company's visibility among investors and could broaden its institutional shareholder base, while also affirming their commitment to enhancing shareholder value through ongoing operational improvements.

About RideNow Group, Inc.

RideNow Group, Inc. holds the position of a leading powersports dealership in the United States. It is reputed to be the largest retail group specializing in powersports, offering a diverse range of products such as new and pre-owned motorcycles, all-terrain vehicles (ATVs), utility terrain vehicles, personal watercraft, snowmobiles, and more.

In addition to vehicles, RideNow provides parts, accessories, and apparel, along with financial and insurance services. The company notably utilizes its unique RideNow Cash Offer tool, enabling it to directly purchase pre-owned vehicles from consumers, enhancing both its inventory and customer interaction. You can learn more about their extensive offerings at their website: RideNow.

Importance of Russell Index Inclusion

The Russell Indexes are critical benchmarks used by institutional and retail investors worldwide. Roughly $21.20 trillion in assets are benchmarked against these indexes. The milestone represented by RideNow's inclusion is not just an internal achievement, but also positions the company favorably amidst market fluctuations and competitive challenges.

In the wake of its inclusion, RideNow will likely benefit from an elevated perception in the investment community, which can potentially attract more institutional investment and promote share price appreciation. However, Quartieri also acknowledged the unpredictable nature of market conditions, stating that while this milestone is promising, it does not guarantee future performance.

Statements shared by management include hopes regarding the benefits expected from joining the Russell Indexes, yet they also caution of market risks that could impact overall performance.

As RideNow prepares to embrace this change, all eyes will be on how the company capitalizes on this newfound market position and integrates it into its broader business strategy moving forward.

This exciting opportunity for RideNow Group, Inc. coincides with a period of strategic growth as they look to maintain their industry leadership and improve shareholder experiences in the evolving powersports market.