RideNow Group, Inc.
RideNow Group, Inc. (NASDAQ: RDNW) is trading at $5.34, about ₹505 at today's USD/INR rate, as of 5 Nov 2026, 10:00 AM ET. Indian residents can buy RideNow from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$5.05
Today's high
$5.34
52 week low
$1.46
52 week high
$8.55
RDNW opened at $5.33, closed previously at $5.34, and has traded between $1.46 and $8.55 over the past 52 weeks.
About
RumbleON, Inc. utilizes a sophisticated, technology-powered omnichannel platform to streamline the aggregation and distribution of pre-owned vehicles across North America. Its operations are structured across three distinct segments: The Powersports division focuses on the distribution of motorcycles, while its Automotive counterpart handles cars and trucks. The Vehicle Logistics segment rounds out its services by offering transportation solutions for automotive assets, primarily facilitating movement between dealerships and auctions. Through its comprehensive platform, both dealers and individual consumers can engage in buying, selling, trading, and financing a wide range of new and pre-owned vehicles, with options available for both online transactions and in-store experiences. Originally incorporated in 2013 as Smart Server, Inc., the company adopted its current name, RumbleON, Inc., in February 2017. It maintains its headquarters in Irving, Texas.
Key statistics
Avg. volume
67.04K
Market cap
$205.79M
P/E Ratio
-24.27
Price-to-sales ratio
0.19
Enterprise value
$725.90M
Free cash flow yield
-6.65%
Debt-to-equity ratio
1.31
Return on equity
419.20%
ROIC
5.49%
Beta
1.18
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$1.08B
Earnings per share
-$1.38
Free cash flow
-$13.40M
Net profit margin
-0.76%
Gross margin
27.47%
EBITDA
$41.70M
Revenue growth
-10.48%
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This is not an investment recommendation
How to buy RideNow from India
Indian residents can buy RideNow shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers. Read the full guide: how to invest in RideNow from India
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for RideNow and place an order
Find RideNow by name or by its ticker, RDNW, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. RideNow trades 8:00 pm – 2:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your RideNow position in USD and INR. RideNow pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Trading and taxes when buying RideNow from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneRideNow does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
FAQs
Can Indian residents buy RideNow stock?
Yes. RideNow (RDNW) has been listed on NASDAQ since 2017, in the Auto - Dealerships industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one RideNow share cost in rupees?
One RideNow share is $5.34 — about ₹505 at a USD/INR rate of 94.62 on 4 Nov 2026. Both the RideNow price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying RideNow from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of RideNow?
Yes. One RideNow share is $5.34, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in RideNow.
How are gains on RideNow shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the RideNow price. Paasa issues a capital-gains statement for your return.
Does RideNow pay a dividend?
No. RideNow does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade RideNow from India?
NASDAQ trades 8:00 pm – 2:30 am IST in Indian time, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
Is there estate or inheritance tax on RideNow shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare RideNow shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your RideNow holding, its cost and its closing value.
How do I sell RideNow and bring the money back to India?
You sell during market hours (8:00 pm – 2:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.