10 Oversold Growth Stocks to Invest In Now

7. RideNow Group, Inc. (NASDAQ:RDNW)

Number of Hedge Fund Holders: 8

RideNow Group, Inc. (NASDAQ:RDNW) is one of the best oversold growth stocks to invest in now. Baird lifted the price target on RideNow Group, Inc. (NASDAQ:RDNW) to $9 from $7 on May 15, reiterating a Neutral rating on the shares. The firm updated its model as robust same-store sales fuel its upside.

The rating update came after the company reported its financial results for fiscal Q1 2026 on May 14, reporting that Powersports revenue rose 6.4% to reach $260.4 million, which represents an increase of $15.7 million. Powersports Revenue was up 13.1% on a same-store sales basis, which was driven by a 16.3% increase in unit sales. The company further reported that the Powersports gross profit was $71.6 million, up 8.3%, while selling, general & administrative expense was $62.1 million, or 86.7% of total Company gross profit, compared to $61.1 million, or 90.9% of gross profit in the prior year period.

RideNow Group, Inc. (NASDAQ:RDNW) provides motor vehicle dealer and e-commerce platforms. The company’s operations are divided into the Powersports Dealership Group and Vehicle Transportation Services segments.