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Rush Enterprises Inc - RUSHA STOCK NEWS

Welcome to our dedicated page for Rush Enterprises news (Ticker: RUSHA), a resource for investors and traders seeking the latest updates and insights on Rush Enterprises stock.

Rush Enterprises Inc is the leading solutions provider in the North American commercial vehicle industry. The company operates the largest network of commercial vehicle dealerships in the country, representing top manufacturers such as Peterbilt, International, Hino, Isuzu, and more. With a focus on sales, parts, service, financing, and leasing, Rush Enterprises offers a one-stop solution to meet all customer needs. Additionally, the company's commitment to innovation and customer service sets it apart in the market.

Recent achievements include key executive changes, such as Michael McRoberts stepping down as COO and Scott Anderson's retirement. The company's financial results for the first quarter of 2024 were strong, despite industry challenges. With a focus on aftermarket parts and services, commercial vehicle sales, and leasing and rental operations, Rush Enterprises continues to drive growth and success in the industry.

News

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

Rhea-AI Summary
Rush Enterprises, Inc. (RUSHA) achieved annual revenues of $7.9 billion with a net income of $347.1 million for 2023. The company declared a cash dividend of $.17 per share and saw growth in new truck demand and aftermarket sales. Despite industry challenges, Rush Enterprises focused on strategic initiatives to diversify its customer base and support large national accounts.
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Rush Enterprises, Inc. Conference Call Advisory for Fourth Quarter and Year-End 2023 Earnings Results

Rhea-AI Summary
Rush Enterprises, Inc. will host a conference call to discuss earnings for the fourth quarter and year-end 2023 on February 14, 2024. The company operates the largest network of commercial vehicle dealerships in North America. The call will be available for participants to register and join online. Earnings will be reported after the close of the market on February 13, 2024.
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Rush Enterprises, Inc. Adopts Stock Repurchase Program and Announces Repurchase of Common Stock

Rhea-AI Summary
Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB) announced a new $150 million stock repurchase program and a $65.3 million repurchase transaction of 1,500,000 shares of Class B Common Stock from the company's Chairman and CEO, W.M. 'Rusty' Rush. The new program replaces the prior $150 million program and will allow the company to continue investing in its growth strategy while returning capital to shareholders.
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Rush Enterprises, Inc. Reports Third Quarter 2023 Results, Announces $0.17 Per Share Dividend

Rhea-AI Summary
Rush Enterprises, Inc. reports Q3 2023 financial results, with revenues of $1.981 billion and net income of $80.3 million. The company also declares a cash dividend of $0.17 per share of Class A and Class B common stock.
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Rush Enterprises, Inc. Conference Call Advisory For Third Quarter 2023 Earnings Results

Rhea-AI Summary
Rush Enterprises, Inc. to host conference call to discuss Q3 2023 earnings
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Rush Enterprises, Inc. Announces Additions to Board of Directors

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Rush Enterprises appoints Amy Boerger and Michael McRoberts to its Board of Directors.
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Rush Enterprises announces limited-edition pink mudflaps and monetary donation in support of the Breast Cancer Research Foundation

Rhea-AI Summary
Rush Enterprises offers limited-edition pink mudflaps to raise awareness for Breast Cancer Awareness Month. For every mudflap sold, $2 will be donated to the Breast Cancer Research Foundation.
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Rush Enterprises, Inc. Reports Second Quarter 2023 Results, Announces Three-For-Two Stock Split and $0.17 Per Share Dividend (Post-Stock Split)

Rhea-AI Summary
Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB) reports strong Q2 results with $2.0 billion in revenues, $98.3 million net income, and $1.75 earnings per diluted share. The company attributes this success to continued demand for new commercial vehicles and strategic initiatives. Additionally, the board declares a three-for-two stock split and a post-split cash dividend of $0.17 per share, representing a 21.4% increase.
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Rush Enterprises, Inc. Conference Call Advisory for Second Quarter 2023 Earnings Results

Rhea-AI Summary
Rush Enterprises, Inc. will host a conference call to discuss earnings for Q2 2023 on July 26, 2023. Earnings will be reported after the close of market on July 25, 2023.
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Rush Enterprises, Inc. Reports First Quarter 2023 Results, Announces $0.21 per Share Dividend

Rhea-AI Summary

Rush Enterprises reported Q1 2023 revenues of $1.912 billion and net income of $90.5 million, maintaining earnings per diluted share at $1.60. Compared to Q1 2022, revenues rose by 22.3%, while net income slightly declined. The company benefited from strong demand for new commercial vehicles, particularly Class 4-7 trucks, achieving a significant aftermarket revenue growth of 19.3% to $648.2 million. A cash dividend of $0.21 per share was declared, payable on June 9, 2023, to shareholders recorded by May 10, 2023. The backlog for trucks stands at $4.210 billion. Despite challenges in the used truck market, Rush remains optimistic about continued production recovery and strong demand.

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FAQ

What is the current stock price of Rush Enterprises (RUSHA)?

The current stock price of Rush Enterprises (RUSHA) is $54.46 as of December 20, 2024.

What is the market cap of Rush Enterprises (RUSHA)?

The market cap of Rush Enterprises (RUSHA) is approximately 4.3B.

What makes Rush Enterprises Inc unique in the market?

Rush Enterprises stands out as the leading solutions provider in the North American commercial vehicle industry, offering a comprehensive range of services and products to meet customer needs.

What recent achievements has Rush Enterprises Inc celebrated?

Recent achievements include key executive changes, such as Michael McRoberts stepping down as COO and Scott Anderson's retirement. The company has also reported strong financial results for the first quarter of 2024.

How does Rush Enterprises Inc drive growth and success?

Through a focus on aftermarket parts and services, commercial vehicle sales, and leasing and rental operations, Rush Enterprises continues to pursue growth and success in the commercial vehicle industry.

What brands does Rush Enterprises Inc represent?

Rush Enterprises represents top commercial vehicle manufacturers such as Peterbilt, International, Hino, Isuzu, and more, ensuring a wide range of options for customers.

What services does Rush Enterprises Inc offer?

Rush Enterprises provides a one-stop solution for commercial vehicle customers, including sales of new and used vehicles, aftermarket parts, service and repair facilities, financing, leasing, and rental options.

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Rush Enterprises Inc

Nasdaq:RUSHA

RUSHA Rankings

#1376 Ranked by Market Cap
N/A Ranked by Dividends

RUSHA Stock Data

4.33B
69.87M
1.28%
105.24%
4.11%
Auto & Truck Dealerships
Retail-auto Dealers & Gasoline Stations
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United States of America
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