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Rush Enterprises Inc - RUSHA STOCK NEWS

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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.

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Rush Enterprises (NASDAQ: RUSHA & RUSHB) reported Q2 2024 results with revenues of $2.027 billion and net income of $78.7 million, or $0.97 per diluted share. This compares to revenues of $2.003 billion and net income of $98.3 million, or $1.17 per diluted share, in Q2 2023. The company faced challenging market conditions, including weak demand for Class 8 trucks and aftermarket parts due to the ongoing freight recession and high interest rates. Despite this, Rush Enterprises maintained strong performance in certain sectors, such as public and vocational segments. The company's Board declared a cash dividend of $0.18 per share, a 5.9% increase over the prior quarter. Rush Enterprises sold 4,128 new Class 8 trucks and 3,691 Class 4-7 medium-duty vehicles in Q2 2024. The company achieved an absorption ratio of 134.0% and expects market conditions to remain challenging in the near term.

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Rush Enterprises, operator of the largest commercial vehicle dealership network in North America, will release its Q2 2024 earnings on July 31, 2024, after market close. A conference call to discuss the results is scheduled for August 1, 2024, at 10:00 a.m. Eastern/9:00 a.m. Central. Interested parties can register for the call online, and a replay will be available for those unable to attend the live broadcast.

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Rush Enterprises, Inc. reported Q1 2024 results with revenues of $1.9 billion and net income of $71.6 million. The company declared a $0.17 per share dividend. Despite challenging market conditions impacting new truck sales, the Company remains optimistic about future growth opportunities.
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Rush Enterprises, Inc. will host a conference call to discuss first-quarter 2024 earnings results on April 24, 2024. The call will be available online, and participants can register to join. Earnings will be reported after the market closes on April 23, 2024.
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Rush Enterprises, Inc. in collaboration with Rush Enterprises Foundation announced a special sweepstakes to benefit Wounded Warrior Project, offering the last 2025 Peterbilt Model 389X ever produced. The sweepstakes, running until September 15, 2024, encourages eligible participants to donate to WWP for a chance to win the iconic truck. Rush Truck Centers secured the final Model 389 with a winning bid of $1.5 million, with the full amount being donated to charitable organizations Truckers Against Trafficking and Wreaths Across America. The customized Model 389X pays homage to Peterbilt's trucking legacy and supports veterans and their families.
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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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FAQ

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

The current stock price of Rush Enterprises (RUSHA) is $48.64 as of September 12, 2024.

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

The market cap of Rush Enterprises (RUSHA) is approximately 3.8B.

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.

Rush Enterprises Inc

Nasdaq:RUSHA

RUSHA Rankings

RUSHA Stock Data

3.83B
62.06M
1.29%
104.55%
4.25%
Auto & Truck Dealerships
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