Rush Enterprises

Rush Enterprises, Inc. engages in the provision of commercial vehicle industry solutions through its network of commercial vehicle dealerships The firm provides an integrated, one-stop approach to the service and sales of new and used heavy- and medium-duty trucks, aftermarket parts, service, collision center capabilities, chrome accessories, tires, engineered vehicle modification solutions, and a range of financial services including financing, insurance and leasing, and rental options. Its also sells commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, and Blue Bird. The company was founded by W. Marvin Rush in 1965 and is headquartered in New Braunfels, TX.

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Rush Enterprises reports resilient Q2 earnings amidst industry challenges

Rush Enterprises delivered a strong performance in Q2 2024, showcasing resilience in the face of industry challenges. While facing headwinds such as low freight rates and decreased aftermarket demand, the company's focus on strategic initiatives and parts sales helped maintain stability. Looking ahead, navigating competitive pricing and leveraging efficiencies will be key priorities for sustained success.

Rush Enterprises reports robust Q3 earnings amidst industry challenges

Rush Enterprises delivered solid financial results in Q3 2024, demonstrating resilience and market competitiveness. Despite challenges like low freight rates and property damage charges, the company remains focused on growth opportunities in key sectors.
Strategic management of risks and a strong performance in truck sales and aftermarket segments underscore Rush Enterprises' ability to navigate industry headwinds. Anticipated market improvements in 2025 offer prospects for sustained growth and profitability.

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Rush Enterprises, Inc. engages in the business of retailing commercial vehicles. It operates under the Truck and All Other segments. The Truck segment includes an operating network of commercial vehicle dealerships that provide an integrated one-stop source for the commercial vehicle needs of its customers, including retail sales of new and used commercial vehicles, aftermarket parts, service, and collision center facilities, and financial services, including the financing of new and used commercial vehicle purchases, insurance products, and truck leasing and rentals. The All Other segment focuses on the retail tire company, an insurance agency, and a guest ranch operation. The company was founded by W. Marvin Rush in 1965 and is headquartered in New Braunfels, TX.

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24 Barron's Pro-Picked 2024 Mid-Year Dividend Dogs: Buy 2 In July

SAN ANTONIO, July 09, 2024 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, will host a conference call to discuss earnings for the second quarter of 2024 on Thursday, August 1 at 10:00 a.m. Eastern/9:00 a.m.

Rush Enterprises, Inc. Conference Call Advisory for Second Quarter 2024 Earnings Results

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Rush Enterprises (RUSHA) Stock Undervalued Right Now?

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The increasing average age of vehicles in the United States is likely to drive demand for aftermarket and auto replacement parts companies such as DORM, RUSHA, and GPC.

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The increasing average age of vehicles in the United States is likely to drive demand for aftermarket and auto replacement parts companies such as DORM, RUSHA and GPC.

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Rush Enterprises is experiencing weakness in revenue, profits, and cash flows, but remains an attractive investment opportunity. A decline in Class 8 truck sales and component part shortages contributed to the company's revenue decline. Management has ambitious plans to grow revenue and market share, particularly in the aftermarket parts and services sector.

Rush Enterprises: Still An Excellent Prospect Despite Continued Industry Woes

Rush Enterprises, Inc. (NASDAQ:RUSHA ) Q1 2024 Earnings Conference Call April 24, 2024 10:00 AM ET Company Participants Rusty Rush - Chairman of the Board, Chief Executive Officer and President Steven Keller - Chief Financial Officer and Treasurer Conference Call Participants Justin Long - Stephens Inc. Andrew Obin - Bank of America Operator Good day, and thank you for standing by. Welcome to Rush Enterprises' First Quarter 2024 Earnings Results Call.

Rush Enterprises, Inc. (RUSHA) Q1 2024 Earnings Call Transcript

SAN ANTONIO, April 23, 2024 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the quarter ended March 31, 2024, the Company achieved revenues of $1.872 billion and net income of $71.6 million, or $0.88 per diluted share, compared with revenues of $1.912 billion and net income of $90.5 million, or $1.07 per diluted share, in the quarter ended March 31, 2023. Additionally, the Company's Board of Directors declared a cash dividend of $0.17 per share of Class A and Class B Common Stock, to be paid on June 10, 2024, to all shareholders of record as of May 9, 2024.

Rush Enterprises, Inc. Reports First Quarter 2024 Results, Announces $0.17 Per Share Dividend

SAN ANTONIO, April 16, 2024 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America will host a conference call to discuss earnings for the first quarter of 2024 on Wednesday, April 24, 2024 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Tuesday, April 23, 2024.

Rush Enterprises, Inc. Conference Call Advisory For First Quarter 2024 Earnings Results

Rush Enterprises (RUSHA) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Rush Enterprises (RUSHA) Upgraded to Buy: Here's What You Should Know

Rush Enterprises (RUSHA) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Here's Why Momentum in Rush Enterprises (RUSHA) Should Keep going

SAN ANTONIO, March 26, 2024 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA and RUSHB), which operates the largest network of commercial vehicle dealerships in North America, in conjunction with Rush Enterprises Foundation, today announced a special sweepstakes benefiting Wounded Warrior Project® (WWP), for the chance to win the last and only 2025 Peterbilt Model 389X ever produced.

Rush Truck Centers launches special sweepstakes for the chance to win the final Peterbilt Model 389 ever produced; proceeds to benefit Wounded Warrior Project

Rush Enterprises is an underappreciated compounder. The company has gained share in the truck sales and parts industries over the past few decades at a high rate of return. I expect this to continue, as the factors that allowed this to happen will not disappear anytime soon. Investors should consider normalized cycle FCF when looking at Rush. Only looking at a single year of FCF would give an inaccurate picture of the company's true earnings power.

Rush Enterprises: Looks Undervalued Based On Normalized Free Cash Flow

SAN ANTONIO, March 08, 2024 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA and RUSHB), which operates the largest network of commercial vehicle dealerships in North America, announced today that Michael McRoberts, Chief Operating Officer and a member of the Board of Directors of the Company, will step down from his role as COO later this year, and Scott Anderson, Senior Vice President of Finance, Insurance and Leasing, will retire effective March 30, 2024.

Rush Enterprises announces retirements of Michael McRoberts, Chief Operating Officer and Scott Anderson, Senior Vice President of Finance, Insurance and Leasing

Rush Enterprises, Inc. (RUSHA) Q4 2023 Earnings Call Transcript

SAN ANTONIO, Texas, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the year ended December 31, 2023, the Company achieved revenues of $7.9 billion and net income of $347.1 million, or $4.15 per diluted share, compared with revenues of $7.1 billion and net income of $391.4 million, or $4.57 per diluted share, for the year ended December 31, 2022. In 2022, Cummins Inc. and the Company closed on Cummins' acquisition of a 50% equity interest in Momentum Fuel Technologies that resulted in a $12.5 million pre-tax gain, and the Company closed on its acquisition of an additional 30% interest in Rush Truck Centres of Canada Limited, which resulted in a $9.8 million gain. Excluding the one-time gains related to those transactions, the Company's adjusted net income for the year ended December 31, 2022, was $372.0 million, or $4.34 per diluted share. Additionally, the Company's Board of Directors declared a cash dividend of $0.17 per share of Class A and Class B common stock, to be paid on March 18, 2024, to all shareholders of record as of February 27, 2024.

Rush Enterprises, Inc. Reports Fourth Quarter and Year-End 2023 Results, Announces $0.17 Per Share Dividend

SAN ANTONIO, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America will host a conference call to discuss earnings for the fourth quarter and year-end 2023 on Wednesday, February 14, 2024 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Tuesday, February 13, 2024.

Rush Enterprises, Inc. Conference Call Advisory for Fourth Quarter and Year-End 2023 Earnings Results

Rush Enterprises, a commercial vehicle sales company, has seen its stock rise by 6.1% due to a sizable share buyback program and cheap shares. While revenue continues to rise, the company's bottom line metrics have shown signs of weakness, with net profits declining. Despite mixed financial performance, the stock remains cheap and management has initiated a new $150 million share buyback program.

Rush Enterprises Deserves More Upside Despite Recent Mixed Results

SAN ANTONIO, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB) (the “Company,” “Rush Enterprises,” “we,” “us,” or “our”) today announced that its Board of Directors approved a new stock repurchase program authorizing the Company to repurchase, from time to time, up to an aggregate of $150 million of its shares of Class A Common Stock, par value $0.01 per share (“Class A Common Stock”), and/or Class B Common Stock, par value $0.01 per share (“Class B Common Stock”). The Company also today announced that, concurrently with and as part of the stock repurchase program, it has purchased 1,500,000 shares of Class B Common Stock for an aggregate consideration of $65.3 million from W.M. “Rusty” Rush, the Company's Chairman of the Board, Chief Executive Officer and President. The transaction was funded with cash on hand. Mr. Rush advised the Company that the shares are being sold, in part, to repay a $40 million personal loan incurred by Mr. Rush with a balance of approximately $37 million that was secured by shares of the Class A Common Stock and Class B Common Stock owned by Mr. Rush as well as for financial diversification and tax planning purposes. The shares repurchased from Mr. Rush represent approximately 16.7% of the total shares of Class B Common Stock beneficially owned by Mr. Rush. After the transaction, Mr. Rush will continue to beneficially own 180,339 shares of Class A Common Stock and 7,493,809 shares of Class B Common Stock. The terms of the transaction were negotiated on behalf of the Company by a committee of independent directors of the Company's Board of Directors with the assistance of its independent legal and financial advisors, Baker Botts L.L.P. and Houlihan Lokey Capital, Inc.

Rush Enterprises, Inc. Adopts Stock Repurchase Program and Announces Repurchase of Common Stock

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Rush Enterprises, Inc. (NASDAQ:RUSHA ) Q3 2023 Earnings Conference Call October 25, 2023 10:00 AM ET Company Participants Rusty Rush - Chairman, President & Chief Executive Officer Steve Keller - Chief Financial Officer Conference Call Participants Andrew Obin - Bank of America Justin Long - Stephens Operator Good day, and thank you for standing by. Welcome to the Rush Enterprises, Incorporated.

Rush Enterprises, Inc. (RUSHA) Q3 2023 Earnings Call Transcript

SAN ANTONIO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the third quarter ended September 30, 2023, the Company achieved revenues of $1.981 billion and net income of $80.3 million, or $0.96 per diluted share, compared with revenues of $1.86 billion and net income of $90.4 million, or $1.06 per diluted share, in the quarter ended September 30, 2022. In the third quarter of 2023, the Company recognized a one-time, pre-tax charge of approximately $2.5 million, or $0.02 per share, related to a fire loss at our San Antonio, Texas facility. Additionally, the Company's Board of Directors declared a cash dividend of $0.17 per share of Class A and Class B common stock, to be paid on December 12, 2023, to all shareholders of record as of November 9, 2023.

Rush Enterprises, Inc. Reports Third Quarter 2023 Results, Announces $0.17 Per Share Dividend

SAN ANTONIO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, will host a conference call to discuss earnings for the third quarter of 2023 on Wednesday, October 25, 2023 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Tuesday, October 24, 2023.

Rush Enterprises, Inc. Conference Call Advisory For Third Quarter 2023 Earnings Results

News for Rush Enterprises Stock (RUSHA)