Yes, It was a rocking horse. It was manufactured by Today's Kids (who are no longer in business). It needs some replacement parts, but they have already been purchased online (Radio Flyer makes a similar horse that has compatible parts).
"The Girl" has had a great time with it.
The other item that I picked up with it was a Little Tykes car. That is outside, and will stay out there. When you've got grand kids, you just can't pass a deal like that up. Who doesn't like free?