Latest news with #RushEnterprises
Globe and Mail
29-05-2025
- Business
- Globe and Mail
Rush Enterprises, Inc. Increases Stock Repurchase Program by $50 Million
SAN ANTONIO, May 29, 2025 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that its Board of Directors approved an increase of $50 million to its existing stock repurchase program authorizing the Company to repurchase, from time to time, up to an aggregate of $200 million of its shares of Class A common stock, $.01 par value per share, and/or Class B common stock, $.01 par value per share. This increase follows the Company nearing the original authorization limit of $150 million. 'Despite the continued uncertainty surrounding tariffs, the continuing freight recession and challenging commercial vehicle market, we remain confident in our strong capital position, liquidity and ability to generate strong free cash flow, and we are pleased to take this opportunity to enhance shareholder value through this $50 million increase to our stock repurchase program,' said W.M. 'Rusty' Rush, Chairman, Chief Executive Officer and President of the Company. 'The Company's strategic focus on maintaining a diversified customer base and our 'One Team' sales approach has served us well, and we believe our solid financial performance during the recent challenging industry and market conditions will allow us to continue to invest in our growth strategy while also returning capital to our shareholders,' Rush stated. Repurchases will be made at times and in amounts as the Company deems appropriate and may be made through open market transactions at prevailing market prices, privately negotiated transactions or by other means in accordance with federal securities laws. The actual timing, number and value of repurchases under the stock repurchase program will be determined by management in its discretion and will depend on a number of factors, including market conditions, stock price and other factors. The stock repurchase program expires on December 31, 2025, and may be suspended or discontinued at any time. About Rush Enterprises, Inc. Rush Enterprises, Inc. is the premier solutions provider to the commercial vehicle industry. The Company owns and operates Rush Truck Centers, the largest network of commercial vehicle dealerships in North America, with more than 150 locations in 23 states and Ontario, Canada. These vehicle centers, strategically located in high traffic areas on or near major highways throughout the United States and Ontario, Canada, represent truck and bus manufacturers, including Peterbilt, International, Hino, Isuzu, Ford, Dennis Eagle, IC Bus and Blue Bird. They offer an integrated approach to meeting customer needs – from sales of new and used vehicles to aftermarket parts, service and body shop operations plus financing, insurance, leasing and rental. Rush Enterprises' operations also provide CNG fuel systems (through its investment in Cummins Clean Fuel Technologies, Inc.), telematics products and other vehicle technologies, as well as vehicle up-fitting, chrome accessories and tires. For more information, please visit us at and on Twitter @rushtruckcenter and Certain statements contained in this release, including those concerning current and projected market conditions and financial performance, are 'forward-looking' statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements only speak as of the date of this release and the Company assumes no obligation to update the information included in this release. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, competitive factors, general U.S. economic conditions, economic conditions in the new and used commercial vehicle markets, customer relations, relationships with vendors, inflation and the interest rate environment, governmental regulation and supervision, including engine emission regulations, U.S. and global trade policies, product introductions and acceptance, changes in industry practices, one-time events and other factors described herein and in filings made by the Company with the Securities and Exchange Commission, including in our annual report on Form 10-K for the fiscal year ended December 31, 2024. In addition, the declaration and payment of cash dividends and authorization of future share repurchase programs remains at the sole discretion of the Company's Board of Directors and the issuance of future dividends and authorization of future share repurchase programs will depend upon the Company's financial results, cash requirements, future prospects, applicable law and other factors that may be deemed relevant by the Company's Board of Directors. Although we believe that these forward-looking statements are based on reasonable assumptions, there are many factors that could affect our actual business and financial results and could cause actual results to differ materially from those in the forward-looking statements. All future written and oral forward-looking statements by us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. Except for our ongoing obligations to disclose material information as required by the federal securities laws, we do not have any obligations or intention to release publicly any revisions to any forward-looking statements to reflect events or circumstances in the future or to reflect the occurrence of unanticipated events.
Yahoo
09-05-2025
- Automotive
- Yahoo
RUSHA Q1 Earnings Call: Navigating Market Uncertainty Amid Tariffs and Freight Recession
Commercial vehicle retailer Rush Enterprises (NASDAQ:RUSH.A) reported Q1 CY2025 results beating Wall Street's revenue expectations , but sales fell by 1.1% year on year to $1.85 billion. Its non-GAAP profit of $0.73 per share was 1.4% above analysts' consensus estimates. Is now the time to buy RUSHA? Find out in our full research report (it's free). Revenue: $1.85 billion vs analyst estimates of $1.83 billion (1.1% year-on-year decline, 1.4% beat) Adjusted EPS: $0.73 vs analyst estimates of $0.72 (1.4% beat) Adjusted EBITDA: $147 million vs analyst estimates of $146.4 million (7.9% margin, in line) Operating Margin: 5%, in line with the same quarter last year Free Cash Flow was $465.8 million, up from -$309.4 million in the same quarter last year Market Capitalization: $3.95 billion Rush Enterprises' first quarter results were shaped by continued headwinds in the commercial vehicle market, with management pointing to the ongoing freight recession, shifting U.S. trade policies, and evolving emissions regulations as key challenges. CEO Rusty Rush noted that while new Class 8 truck sales were down industry-wide, the company outperformed broader trends by focusing on vocational and public sector customers, and leveraging its ready-to-roll inventory program for medium-duty trucks. He emphasized that after a slow start, sequential improvements materialized as the quarter progressed, particularly in used truck sales and aftermarket services. Looking ahead, management expressed caution regarding the rest of the year, citing significant uncertainty around tariffs and future emissions standards, which are impacting both customer demand and the company's ability to forecast. Rusty Rush commented, 'It's hard to run a business living in an uncertain world like that,' and highlighted that customers are acting conservatively, often replacing vehicles rather than expanding fleets. The company expects some improvement in aftermarket revenues and a slight uptick in new truck deliveries in the coming quarter, but remains unwilling to project further out given the volatile environment. Management detailed the primary forces influencing the quarter's results, emphasizing both the external environment and internal strategic responses. The team also highlighted several operational adjustments and market trends set to impact the business in the coming quarters. Vocational and Public Sector Focus: While Class 8 truck sales to over-the-road customers declined, Rush Enterprises benefited from steady demand in vocational (construction and utility-focused) and public sector segments, which helped offset overall industry weakness. Ready-to-Roll Inventory Program: The company's unique approach to maintaining a stock of ready-to-roll medium-duty vehicles allowed it to outperform market declines in Class 4 through 7 truck sales, capturing market share even as the broader segment contracted. Aftermarket Expansion: Aftermarket revenue—covering parts, service, and body shop work—was down year over year but improved sequentially. The expansion of the aftermarket sales force and addition of service technicians are expected to reduce customer wait times and improve service levels moving forward. Expense Management: General and administrative expenses were reduced by 5.5% year over year, reflecting ongoing efforts to control costs amid weaker sales. Management views expense discipline as a key lever to support profitability during uncertain market periods. Tariffs and Regulatory Changes: Management cited ongoing uncertainty regarding U.S. tariffs on imported parts and evolving emissions regulations as major factors clouding the industry outlook. The company is closely monitoring both, noting that supply chain adjustments and regulatory clarity will be essential for improved demand and long-term planning. Rush Enterprises' outlook for the next quarter and the rest of the year hinges on external factors such as macroeconomic conditions, regulatory clarity, and industry demand, with management prioritizing flexibility and operational discipline. Tariff and Emissions Uncertainty: Management believes that resolution or clarity on U.S. tariff policy and emissions standards will be crucial, as ongoing changes disrupt pricing, supply chains, and customer confidence in making new vehicle purchases. Freight Market Recovery: The company's growth prospects are closely tied to a recovery in freight demand, as continued soft miles driven and low fleet utilization limit both new truck sales and aftermarket service opportunities. Expense Control and Operational Flexibility: Management's commitment to expense management and ability to respond quickly to changing business conditions are expected to help mitigate downside risk and protect margins in a volatile environment. Daniel Imbro (Stephens): Asked about trends in new unit sales and customer expenditure plans. Management stressed ongoing uncertainty, noting that many customers are limiting purchases to replacements as opposed to fleet expansion. Daniel Imbro (Stephens): Inquired about the softness in parts and service revenue and expectations for Q2. Management clarified that sequential improvement is expected, but would not commit to year-over-year growth due to continued volatility. Andrew Obin (Bank of America): Sought clarity on sequential trends in Class 8 and aftermarket sales for Q2. Management expects slight sequential improvement, but highlighted unpredictability due to shifting tariffs and market conditions. Andrew Obin (Bank of America): Questioned whether customers' hesitancy is driven more by pricing uncertainty or broader macro concerns. Management responded that both play a role, but business fundamentals and demand are the primary drivers of customer caution. Avi Jaroslawicz (UBS): Asked how regulatory changes around emissions might impact pre-buying behavior and long-term demand. Management said the lack of clarity on new standards reduces the likelihood of a significant pre-buy, and that future demand will depend on both regulatory and economic factors. In upcoming quarters, the StockStory team will be watching (1) whether regulatory clarity emerges around tariffs and emissions standards, (2) signs of stabilization or recovery in freight demand and miles driven, and (3) sustained improvements in aftermarket revenue and service efficiency. We will also monitor how the company leverages its inventory and cost control strategies to maintain market share in a fluctuating environment. Rush Enterprises currently trades at a forward EV-to-EBITDA ratio of 7.8×. In the wake of earnings, is it a buy or sell? Find out in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-05-2025
- Business
- Yahoo
Investors in Rush Enterprises (NASDAQ:RUSH.A) have seen impressive returns of 243% over the past five years
While Rush Enterprises, Inc. (NASDAQ:RUSH.A) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 17% in the last quarter. But that doesn't change the fact that shareholders have received really good returns over the last five years. Indeed, the share price is up an impressive 219% in that time. We think it's more important to dwell on the long term returns than the short term returns. The more important question is whether the stock is too cheap or too expensive today. So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns. We've discovered 1 warning sign about Rush Enterprises. View them for free. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). During five years of share price growth, Rush Enterprises achieved compound earnings per share (EPS) growth of 17% per year. This EPS growth is lower than the 26% average annual increase in the share price. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Rush Enterprises' TSR for the last 5 years was 243%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments! It's nice to see that Rush Enterprises shareholders have received a total shareholder return of 21% over the last year. Of course, that includes the dividend. However, the TSR over five years, coming in at 28% per year, is even more impressive. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. To that end, you should be aware of the 1 warning sign we've spotted with Rush Enterprises . Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
29-04-2025
- Automotive
- Yahoo
Rush Enterprises (RUSHA) To Report Earnings Tomorrow: Here Is What To Expect
Commercial vehicle retailer Rush Enterprises (NASDAQ:RUSH.A) will be reporting earnings tomorrow after the bell. Here's what investors should know. Rush Enterprises beat analysts' revenue expectations by 8.2% last quarter, reporting revenues of $2.01 billion, flat year on year. It was a very strong quarter for the company, with an impressive beat of analysts' adjusted operating income estimates and a decent beat of analysts' EPS estimates. Is Rush Enterprises a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Rush Enterprises's revenue to decline 2.5% year on year to $1.83 billion, in line with the 2.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.72 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Rush Enterprises has missed Wall Street's revenue estimates twice over the last two years. Looking at Rush Enterprises's peers in the industrial distributors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. GATX delivered year-on-year revenue growth of 11%, beating analysts' expectations by 1.1%, and United Rentals reported revenues up 6.7%, topping estimates by 2.5%. GATX traded down 2.7% following the results while United Rentals was up 10.1%. Read our full analysis of GATX's results here and United Rentals's results here. Investors in the industrial distributors segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. Rush Enterprises is down 5.3% during the same time and is heading into earnings with an average analyst price target of $61.50 (compared to the current share price of $50.60). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Sign in to access your portfolio
Yahoo
27-04-2025
- Business
- Yahoo
1 Industrials Stock to Own for Decades and 2 to Be Wary Of
Whether you see them or not, industrials businesses play a crucial part in our daily activities. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow. Due to this bearish outlook, the industry has tumbled by 12.1% over the past six months. This drawdown was worse than the S&P 500's 5.2% decline. Only some companies are subject to these dynamics, however, and a handful of high-quality businesses can deliver earnings growth in any environment. On that note, here is one resilient industrials stock at the top of our wish list and two we're passing on. Market Cap: $5.50 billion Established in 1987, Silgan Holdings (NYSE:SLGN) is a supplier of rigid packaging for consumer goods products, specializing in metal containers, closures, and plastic packaging. Why Are We Out on SLGN? Sales tumbled by 4.4% annually over the last two years, showing market trends are working against its favor during this cycle Absence of organic revenue growth over the past two years suggests it may have to lean into acquisitions to drive its expansion Falling earnings per share over the last two years has some investors worried as stock prices ultimately follow EPS over the long term Silgan Holdings's stock price of $51.44 implies a valuation ratio of 12.6x forward price-to-earnings. Check out our free in-depth research report to learn more about why SLGN doesn't pass our bar. Market Cap: $4.25 billion Headquartered in Texas, Rush Enterprises (NASDAQ:RUSH.A) provides truck-related services and solutions, including sales, leasing, parts, and maintenance for commercial vehicles. Why Do We Pass on RUSHA? Annual revenue growth of 4.8% over the last two years was below our standards for the industrials sector Earnings per share have dipped by 7.4% annually over the past two years, which is concerning because stock prices follow EPS over the long term 9.1 percentage point decline in its free cash flow margin over the last five years reflects the company's increased investments to defend its market position Rush Enterprises is trading at $51.18 per share, or 13.3x forward price-to-earnings. If you're considering RUSHA for your portfolio, see our FREE research report to learn more. Market Cap: $9.98 billion Formerly a division of industrial distributor HD Supply, Core & Main (NYSE:CNM) is a provider of water, wastewater, and fire protection products and services. Why Is CNM a Top Pick? Annual revenue growth of 17% over the past five years was outstanding, reflecting market share gains this cycle Operating margin expanded by 4.7 percentage points over the last five years as it scaled and became more efficient Share repurchases have amplified shareholder returns as its annual earnings per share growth of 60.2% exceeded its revenue gains over the last five years At $52.53 per share, Core & Main trades at 21.6x forward price-to-earnings. Is now the right time to buy? See for yourself in our comprehensive research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Sterling Infrastructure (+1,096% five-year return). Find your next big winner with StockStory today for free. Sign in to access your portfolio
