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.

Rush Enterprises (RUSHA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Rush Enterprises (RUSHA) Moves to Strong Buy: Rationale Behind the Upgrade

Rush Enterprises, Inc. (NASDAQ:RUSHA ) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Company Participants Rusty Rush - Chairman, CEO and President Steve Keller - CFO Mike McRoberts - COO Conference Call Participants Jamie Cook - Credit Suisse Andrew Obin - Bank of America Operator Good day and thank you for standing by. Welcome to the Rush Enterprises Incorporated Reports Third Quarter 2022 Earnings Results.

Rush Enterprises, Inc. (RUSHA) Q3 2022 Results - Earnings Call Transcript

SAN ANTONIO, Oct. 25, 2022 (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, 2022, the Company achieved revenues of $1.86 billion and net income of $90.4 million, or $1.59 per diluted share, compared with revenues of $1.27 billion and net income of $69.4 million, or $1.20 per diluted share, in the quarter ended September 30, 2021. Additionally, the Company's Board of Directors declared a cash dividend of $0.21 per share of Class A and Class B common stock, to be paid on December 9, 2022, to all shareholders of record as of November 10, 2022.

Rush Enterprises, Inc. Reports Third Quarter 2022 Results, Announces $0.21 Per Share Dividend

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SAN ANTONIO, Texas, Oct. 11, 2022 (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 2022 on Wednesday, October 26, 2022 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Tuesday, October 25, 2022.

Rush Enterprises, Inc. Conference Call Advisory For Third Quarter 2022 Earnings Results

SAN ANTONIO, Texas, Oct. 05, 2022 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA and RUSHB), which operates the largest network of commercial vehicle dealerships in North America, is offering limited-edition pink mudflaps to raise awareness for Breast Cancer Awareness Month. The pink mudflaps, which feature the Rush Truck Centers logo and iconic ribbon are available at all Rush Truck Centers locations throughout October. For every mudflap sold, Rush Truck Centers and mudflap manufacturer Roechling Industrial Gastonia will donate $4 to the Breast Cancer Research Foundation.

Rush Enterprises supports the Breast Cancer Research Foundation; Company launches limited-edition pink mudflaps in honor of Breast Cancer Awareness Month

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Rush Enterprises, Inc. (NASDAQ:RUSHA ) Q2 2022 Earnings Conference Call July 27, 2022 10:00 AM ET Company Participants Rusty Rush - Chairman, Chief Executive Officer & President Steve Keller - Chief Financial Officer Conference Call Participants Justin Long - Stephens Jamie Cook - Credit Suisse Andrew Obin - Bank of America Matthew Brooklier - Gamco Rusty Rush Good morning. I hope everyone has been able to get through obviously a little new technology to the lakes this morning.

Rush Enterprises, Inc. (RUSHA) CEO Rusty Rush on Q2 2022 Results - Earnings Call Transcript

SAN ANTONIO, July 26, 2022 (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 June 30, 2022, the Company achieved revenues of $1.791 billion and net income of $110.2 million, or $1.92 per diluted share, compared with revenues of $1.316 billion and net income of $58.0 million, or $1.00 per diluted share, in the quarter ended June 30, 2021. On May 2, 2022, 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 gain related to the acquisition, the Company's adjusted net income for the quarter ended June 30, 2022 was $100.4 million, or $1.75 per diluted share. Additionally, the Company's Board of Directors declared a cash dividend of $0.21 per share of Class A and Class B Common Stock, to be paid on September 12, 2022, to all shareholders of record as of August 12, 2022.

Rush Enterprises, Inc. Reports Second Quarter 2022 Results, Announces $0.21 Per Share Dividend

SAN ANTONIO, July 13, 2022 (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 2022 on Wednesday, July 27, 2022 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Tuesday, July 26, 2022.

Rush Enterprises, Inc. Conference Call Advisory for Second Quarter 2022 Earnings Results

Rush Enterprises is near a buy zone with earnings due on or around Jul. 20. The post Stocks To Watch Ahead Of Earnings: Rush Enterprises appeared first on Investor's Business Daily.

Stocks To Watch Ahead Of Earnings: Rush Enterprises

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Rush Enterprises (RUSHA) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Rush Enterprises (RUSHA) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

The average of price targets set by Wall Street analysts indicates a potential upside of 25.5% in Rush Enterprises (RUSHA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does Rush Enterprises (RUSHA) Have the Potential to Rally 26% as Wall Street Analysts Expect?

Rush Enterprises, Inc. (NASDAQ:RUSHA ) Q1 2022 Earnings Conference Call April 27, 2022 10:00 AM ET Company Participants Rusty Rush – Chairman, Chief Executive Officer and President Steve Keller – Chief Financial Officer Conference Call Participants Justin Long – Stephens Jamie Cook – Credit Suisse Andrew Obin – Bank of America Operator Good day. And thank you for standing by and welcome to the Rush Enterprises' First Quarter 2022 Earnings Results Call.

Rush Enterprises' (RUSHA) CEO Rusty Rush on Q1 2022 Results - Earnings Call Transcript

SAN ANTONIO, April 26, 2022 (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, 2022, the Company achieved revenues of $1.563 billion and net income of $92.5 million, or $1.60 per diluted share, compared with revenues of $1.232 billion and net income of $45.3 million, or $0.79 per diluted share, in the quarter ended March 31, 2021.   On January 3, 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 gain. Excluding the one-time gain related to the joint venture transaction, the Company's adjusted net income for the quarter ended March 31, 2022 was $82.9 million, or $1.43 per diluted share. Additionally, the Company's Board of Directors declared a cash dividend of $0.19 per share of Class A and Class B Common Stock, to be paid on June 10, 2022, to all shareholders of record as of May 12, 2022.

Rush Enterprises, Inc. Reports First Quarter 2022 Results, Announces $0.19 Per Share Dividend

SAN ANTONIO, April 12, 2022 (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 2022 on Wednesday, April 27, 2022 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Tuesday, April 26, 2022.

Rush Enterprises, Inc. Conference Call Advisory for First Quarter 2022 Earnings Results

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The mean of analysts' price targets for Rush Enterprises (RUSHA) points to a 25.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

How Much Upside is Left in Rush Enterprises (RUSHA)? Wall Street Analysts Think 26%

Rush Enterprises Inc (RUSHA) CEO Rusty Rush on Q4 2021 Results - Earnings Call Transcript

SAN ANTONIO, Feb. 16, 2022 (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, 2021, the Company achieved revenues of $5.1 billion and record-high net income of $241.4 million, or $4.17 per diluted share, compared with revenues of $4.7 billion and net income of $114.9 million, or $2.04 per diluted share, for the year ended December 31, 2020. Additionally, the Company's Board of Directors declared a cash dividend of $0.19 per share of Class A and Class B Common Stock, to be paid on March 15, 2022, to all shareholders of record as of February 28, 2022. “Given the supply chain challenges our industry faced this past year, we are pleased with our strong financial results in 2021. We are also happy to announce that our Board of Directors has declared a quarterly cash dividend of $0.19 per share. This, combined with the $100 million share repurchase authorization approved in the fourth quarter of 2021, reflects on our ability to return value to our shareholders while continuing to grow our network and invest in the future of our business,” said W.M. “Rusty” Rush, Chairman, Chief Executive Officer and President of Rush Enterprises, Inc. “During 2021, the general economy was strong, and increased consumer spending led to solid freight rates and healthy demand for new commercial vehicles. However, the industry was also negatively impacted by supply chain issues that affected the ability of the manufacturers we represent to obtain component parts for both new commercial vehicle production and aftermarket support. As a result, such manufacturers' commercial vehicle production capabilities were limited,” Rush explained. “Our large inventory of parts and our ability to obtain parts from multiple sources allowed us to mitigate the negative impact of aftermarket component supply chain constraints. So, although component parts supply chain issues did limit our aftermarket products and services growth last year, we are still very pleased with our aftermarket revenues, which increased by 12.1%,” he stated. “Increased demand for parts sales and service repairs from the market segments we support, particularly our large fleet customers, along with our strategic initiatives, contributed to our aftermarket growth last year. Going forward into 2022, our teams remain focused on managing expenses. Our ability to successfully manage expenses during 2021 directly contributed to us more than doubling our annual earnings per share compared to 2020,” said Rush. “In December 2021, we completed the largest acquisition in our history, acquiring 17 dealerships in five states from The Summit Truck Group, all of which are now operating as Rush Truck Centers. By implementing our business strategies at these new locations and remaining focused on expense management at our other locations, we believe we can increase our revenue growth and enhance profitability moving forward,” Rush said. “Looking ahead, supply constraints will likely continue to limit production of new commercial vehicles through at least the middle of 2022. However, we expect demand for new commercial vehicles to remain strong through the year. Considering our current backlog and our recent acquisitions, we believe our heavy-duty truck sales will outperform the market in 2022,” said Rush. “In addition, we believe that our continued focus on growing our parts sales market share, adding service technicians to our workforce and continuing to successfully manage expenses will contribute to increased aftermarket revenues and overall profitability in 2022,” he added.

Rush Enterprises, Inc. Reports Fourth Quarter and Year-End 2021 Results, Announces $0.19 Per Share Dividend

SAN ANTONIO, Feb. 02, 2022 (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 of 2021 on Thursday, February 17, 2022 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Wednesday, February 16, 2022.

Rush Enterprises, Inc. Conference Call Advisory for Fourth Quarter and Year-End 2021 Earnings Results

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