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 reports recurring developments tied to its commercial vehicle dealership network, Rush Truck Centers, and related services for truck and bus customers. The company sells new and used commercial vehicles from manufacturers such as Peterbilt, International, Hino, Isuzu, Ford, IC Bus and Blue Bird, and provides aftermarket parts, service, collision repair, financing, insurance, leasing and rental solutions across U.S. markets and Ontario, Canada.
Company news commonly covers quarterly and annual operating results, aftermarket gross profit and absorption-ratio metrics, Class A and Class B common stock dividends, share repurchase authorization, dealership network activity, vehicle technology offerings, and executive leadership updates.
Rush Enterprises (NASDAQ: RUSHA) reported Q3 2024 results with revenues of $1.896 billion and net income of $79.1 million, or $0.97 per diluted share, compared to revenues of $1.981 billion and net income of $80.3 million in Q3 2023. The company faced challenging market conditions with low freight rates and high interest rates impacting Class 8 truck demand. Aftermarket products and services accounted for 61.5% of total gross profit, with revenues of $633.0 million. The company achieved a 132.6% absorption ratio and declared a $0.18 per share dividend for both Class A and B shares.
Rush Enterprises, Inc. (NASDAQ: RUSHA and RUSHB) announced the winner of their sweepstakes for the last 2025 Peterbilt Model 389X ever produced. The contest, sponsored by Rush Truck Centers and the Rush Enterprises Foundation, raised $500,000 for Wounded Warrior Project (WWP). Jennifer Best of Pryor, Oklahoma, who operates Shane Best Trucking with her husband, won the unique truck.
The sweepstakes, launched in March at the Mid-America Trucking Show, ended on September 15. The winner was announced on October 14 at the American Trucking Associations' Management Conference and Exhibition in Nashville. Rush Truck Centers had secured the build slot for the final Model 389 with a $1.5 million bid at a Peterbilt dealer auction.
In total, Rush Truck Centers and Peterbilt Motors Company donated $2 million to three organizations: Wounded Warrior Project, Truckers Against Trafficking, and Wreaths Across America. The initiative highlights the industry's commitment to charitable causes and marks a significant milestone in Peterbilt's history.
Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), North America's largest commercial vehicle dealership network, has announced its upcoming third quarter 2024 earnings conference call. The call is scheduled for Wednesday, October 30 at 10:00 a.m. Eastern/9:00 a.m. Central. The company will release its earnings report after market close on Tuesday, October 29, 2024.
Interested parties can access the call via the company's investor relations website. Participants are encouraged to register for the event and join 10 minutes before the start time. For those unable to attend the live broadcast, a webcast replay will be available on the same website.
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.
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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