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Rush Enterprises, headquartered in New Braunfels, Texas, is an international retailer of commercial vehicles, primarily new and used trucks, through its Rush Truck Centers. Rush Truck Centers operates the largest network of commercial vehicle dealerships in the United States, with more than 200 locations in 22 states, and 14 locations in Canada.
Rush Enterprises Inc is a full-service, integrated retailer of commercial vehicles and related services. The company operates in a single segment; Truck Segment includes the operation of a network of commercial vehicle dealerships under the name Rush Truck Centers. It sells commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, and Blue Bird and also provides one-stop service for the needs of commercial vehicle customers, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing, and rental, and insurance products. The company's business is concentrated in the United States commercial vehicle markets and related aftermarkets.
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Rush Enterprises, Inc. announces the retirement of COO Michael McRoberts and Senior VP Scott Anderson. McRoberts played a crucial role in the company's growth and strategic direction, while Anderson oversaw significant growth in finance and insurance operations. Jason Wilder will succeed McRoberts as COO, and Jorgan Peterson will assume Wilder's current role. Anderson will remain as a consultant until at least September 30, 2024.
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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. 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. (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 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. to host conference call to discuss Q3 2023 earnings
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Rush Enterprises appoints Amy Boerger and Michael McRoberts to its Board of Directors.
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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. (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. 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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FAQ
What is the current stock price of Rush Enterprises (RUSHB)?
The current stock price of Rush Enterprises (RUSHB) is $56.85 as of February 4, 2025.
What is the market cap of Rush Enterprises (RUSHB)?
The market cap of Rush Enterprises (RUSHB) is approximately 4.5B.
What is Rush Enterprises Inc known for?
Rush Enterprises is an international retailer of commercial vehicles, primarily new and used trucks, through its Rush Truck Centers, with the largest network of commercial vehicle dealerships in the United States and Canada.
What kind of services does Rush Enterprises Inc offer?
Rush Enterprises offers retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing, and rental, as well as insurance products for commercial vehicle customers.
Which manufacturers' commercial vehicles does Rush Enterprises Inc sell?
Rush Enterprises sells commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, and Blue Bird.
Where is Rush Enterprises Inc headquartered?
Rush Enterprises is headquartered in New Braunfels, Texas.
How many locations does Rush Truck Centers have?
Rush Truck Centers operates more than 200 locations in 22 states of the United States and 14 locations in Canada.
Who is the Chief Operating Officer of Rush Enterprises Inc?
Michael McRoberts, the Chief Operating Officer and a member of the Board of Directors, will step down from his role later this year.
Who is taking over as Chief Operating Officer?
Jason Wilder will assume the role of Chief Operating Officer upon Michael McRoberts' retirement.
What is the dividend declared by Rush Enterprises Inc?
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.
How are the financial results of Rush Enterprises Inc for the first quarter of 2024?
For the quarter ended March 31, 2024, the Company achieved revenues of $1.872 billion and net income of $71.6 million, compared to $1.912 billion revenues and $90.5 million net income in the quarter ended March 31, 2023.
What is the focus of Rush Enterprises Inc's future strategies?
Rush Enterprises is focusing on reducing expenses to offset anticipated reductions in revenue caused by the softening commercial vehicle market and navigating the difficult market cycle.
Rush Enterprises Inc
Nasdaq:RUSHB
RUSHB Rankings
RUSHB Stock Data
4.46B
69.87M
49.99%
39.36%
0.03%
Auto & Truck Dealerships
Retail-auto Dealers & Gasoline Stations
United States of America
NEW BRAUNFELS