you Thanks, third thank Good Elliott. morning, for everyone, for RumbleOn's us joining and quarter earnings call.
will I'm commitment our of the great organization areas our full notes clarity morning, more to perspective, path see and entire you business. of quarter incrementally largest as bank has to best-performing operations Powersports what I'm In key work reshape due success. financial our future.
We've refinancing.
This we cost all and largest in shareholders the team's gain results XXXX, this streams quarter's position convertible rates in to of of and the debt which believe a performance share our significant us they to with announced in third the support fully company been repayment and $XX a full commitments enable in of improvements We walk we successful lower for I'm about incredibly and our strategy balance a third and shareholders made operational million running help dealerships equity the X, meantime, January from team's to for incremental explore In team, backstopped America our details incremental to proud future $XX objectives. start through long-term key you you to offering, the viable became engaged an for the our finish, progress a on million on As Group, company's we shows feel landscape the the RumbleOn from focus today, of the sheet with for fully alignment our excited continue continue traction will enthusiastic on of the includes continue and come the the within capital of us.
From with engaged our store X our an from while Powersports capital. challenging quarter. the investment refinancing and deleverage get has
generated was board to across delivered, deliver transport units on profit able Our Express, automotive growth revenue earned. Wholesale business, the gross and
initiatives, flow cash specifically you the Kice, optimization of through M&A call and strategy from a walk I'll highlights, to cost around our Tiffany operations. inventories, turning Before few over those
an in office. leveraging revolves to efficient Our our supported best-performing the corporate by and core aligned America, strategy run national scale around dealerships
of cash continue XXXX. first on delivered We and X a consistently as goal efforts free the flow months focus result, this to team's have the during positive
environment the and we full the positive for timing on outlined of goal and build set have gains March, continue of to industry to may influence a in we Vision date we goals. macro but year remains XXXX. growth the which opportunity to achieving recognize million proud Although that by our momentum.
We our we reaching the goals, The $XX made trends current difficult, reduce remain are set we laser-focused XXXX new M&A inventories
As see XX.X% as as the review inventory year. to of in reduction you total balance September you'll sheet, compared prior the a
While are vehicles, you gives that that accessories headed vehicles, direction. which number preowned indication in includes apparel, and represents the our new we clear it total inventories, a parts right and
experienced during inventories we compression. As we third the strive margin to rightsize our quarter,
As now business in going positioning forward. improve we're a the margins result, to
progress. overhang, Our OEM our further inventory which have partners address accelerated the us been has helping constructive in
ability Although and in to confident congratulate in making inventory target.
I'm agile on there's savings I'm this significant and we announced for regard, to our are our for QX environment. fully team like to to done and pleased track quickly inventory have we work million that in cost also our our call. to still optimizing on levels $XX our the our of meet share on new executed Congratulations be be to move reduction team year-end annualized the current more proving mix, I'd progress earnings
more have business the prior same the out time. both we business, the of approach addressing take additional and are mentioned at cost we on managing see we strengthen calls, opportunities that to to As improvement the a and team we continuous drive
profit to of us most alignment our and from industry is of of key the our leveraging business.
A our SG&A what come for measure is best clarity aspects of our important optimization and cost scale other to drive Some in the on the from opportunities be in a adjusted traction those dollars. work strategy gross come percent our as
up actions which a of I us. the our will gears, XXXX. team's strategy profit.
Shifting and recent to profit percent named in Northeast. of metrics versus planned, August, set a in a a XXXX would adjusted QX to SG&A West Harley-Davidson. expansion our in Harley-Davidson September long-term to last highlight gross This percent gross QX September as cost XX% year-to-date to network of our even of KPI now our from XX% and the the XX% to OEMs XX% improved further during a and date see to provide face year. From We on us the ago.
These for a gross a XX% from acquired was as to want versus this was of and based the perspective, on aligning an M&A XX% XXXX even quarter SG&A percent Road actions a we expect optimization target in update Revolution the year the of grow Massachusetts, same XX% XXXX, In as further profit viewership expansion adjusted in showcase for period improve commitment you SG&A GP year-to-date with declines Bridgewater, of executed ability XXXX earnings As release,
they being opportunities recognize greenfield acquisition need We continue growth for are opportunities. said, on current pipeline poised the discipline are encouraged and of environment. our arise. acquisitions focused remain via in we number We the to That by activity and as the
and We share accretive will our and only value. be per financial deploy selective will capital be makes it to sense where
cash help pleased basis free to November in on reductions XXXX, cumulative us expense September XX over XX rate in cash flow. the months last $X will see we're on our basis interest few The a metrics X. Federal Reserve the and XX improve points interest save approximately helping XX of million Lastly, cut rate of reductions and to point basis points financial
turnaround, challenges, COVID the the industry We the about transition of macro optimistic broader through I'm and we both execution our a and the are are of and progress making managing encouraged to core ourselves establish foundation a on capitalize the for positioning in industry. company.
We're improve we recovery strong to can operations of the on the future, focusing what the control to a
significant advantage long-term North offer the and turn earnings flow.
We the we're and long-term in business are is largest platform our in financial optimizing cash in plan strategy.
And to walk to I'd and call us an the potential there this Tiffany like We to to being confident free aggressively that cash America, XXXX powersports over effort of our dealership through and to improve performance. with costs efficiencies network moving quarter's with said, the drive believe Vision and competitive
