RUSHA Stock Recent News

Despite high inflation and interest rates, Rush Enterprises, a company focused on the sale of commercial vehicles, has outperformed the broader market due to strong revenue and cash flow data. Rush Enterprises' Q1 2023 revenue increased by 22.3% to $1.91 billion, driven by a 28.6% surge in new vehicle units sold. Despite a decline in net income, other profitability metrics improved, with operating cash flow nearly tripling and EBITDA growing.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

The average of price targets set by Wall Street analysts indicates a potential upside of 37.3% in Rush Enterprises (RUSHA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

As a Peterbilt dealer, Rush Enterprises helped its own business and the Paccar brand with blowout sales of truck parts in the first quarter. The nation's largest commercial truck dealership network reported first-quarter revenues of $1.91 billion compared to $1.56 billion a year ago.

SAN ANTONIO, April 12, 2023 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America will host a conference call to discuss earnings for the first quarter of 2023 on Wednesday, April 26, 2023 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Tuesday, April 25, 2023.

Rush Enterprises is trading at a significant discount to market at 7.22x EV/EBITDA as compared to the market value of 11x. Through significant growth in aftermarket parts and service and their backlog in Class 8 trucks, Rush has a strong growth potential.

Rush Enterprises, Inc. (NASDAQ:RUSHA ) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET Company Participants Marvin Rush - Chairman, CEO & President Steven Keller - CFO & Treasurer Conference Call Participants Justin Long - Stephens Inc. Operator Good day, and thank you for standing by. Welcome to the Rush Enterprises Reports Fourth Quarter and Year-end 2022 Earnings Results.

SAN ANTONIO, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America will host a conference call to discuss earnings for the fourth quarter and year-end 2022 on Thursday, February 16, 2023 at 10:00 a.m. Eastern/9:00 a.m. Central. Earnings will be reported after the close of market on Wednesday, February 15, 2023.

Rush Enterprises (RUSHA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Rush Enterprises, Inc. (NASDAQ:RUSHA ) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Company Participants Rusty Rush - Chairman, CEO and President Steve Keller - CFO Mike McRoberts - COO Conference Call Participants Jamie Cook - Credit Suisse Andrew Obin - Bank of America Operator Good day and thank you for standing by. Welcome to the Rush Enterprises Incorporated Reports Third Quarter 2022 Earnings Results.