Revenues of $1.287 billion, net income of $23.1 millionEarnings per diluted share of $0.62Absorption ratio 114.3%Board declares cash dividend of $0.13 per share of Class A and.
See how San Antonio's energy sector fared amid the stock market's coronavirus scare as the CDC warns of a worst case scenario.
Rush Enterprises, Inc. (NASDAQ:RUSHA and RUSHB), which operates Rush Truck Centers, the largest network of commercial vehicle dealerships in North America, is joining a nationwide campaign to honor some of our nation’s heroes, truck drivers, as they deliver medical equipment, groceries and other needed supplies as well as perform vital services to keep our communities running. In the #ThankATrucker campaign, Americans are encouraged to thank truck drivers for their hard work helping our country fight the COVID-19 pandemic. The No. 14 Rush Truck Centers/Mobil 1 Ford Mustang will carry the hashtag #ThankATrucker as NASCAR returns this weekend at The Real Heroes 400 at Darlington Raceway, at the NASCAR Cup Series race at Darlington Raceway on Wednesday, May 20 and at the Coca-Cola 600 at Charlotte Motor Speedway on Sunday, May 24.
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]
Interest expense has a direct bearing on the profitability of a company and its creditworthiness depends on how effectively it meets interest obligations.
SAN ANTONIO, Texas, April 08, 2020 -- Rush Enterprises, Inc., (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America.
Zacks.com featured highlights include: KB Home, Rush Enterprises, Chevron, Ruth's Hospitality and Lowe's
Rush declares a strong 2019 performance, but anticipates a decline in sales of its Class 8 truck in 2020.
Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that its Rush Truck Centers, Rush Truck Leasing and other facilities remain operational across the United States supporting the economy’s essential businesses and critical infrastructure. The Company’s Chairman and CEO, Rusty Rush, stated that “we are proud and committed to serve our customers in the important work they are doing, from ensuring the supply of essential medical supplies and life-sustaining goods to the provision of critical public services such as waste removal.” The Company is of course following CDC guidelines for limiting exposure to COVID-19 and enhancing the frequency and thoroughness of cleaning at our facilities.
The title of this press release corrects the title of the Company’s press release issued earlier this afternoon. Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that its Rush Truck Centers, Rush Truck Leasing and other facilities remain operational across the United States supporting the economy’s essential businesses and critical infrastructure. The Company’s Chairman and CEO, Rusty Rush, stated that “we are proud and committed to serve our customers in the important work they are doing, from ensuring the supply of essential medical supplies and life-sustaining goods to the provision of critical public services such as waste removal.”
Record annual revenues of $5.8 billion; net income of $141.6 millionAnnual earnings per diluted share of $3.77Annual absorption ratio 120.2%Annual medium-duty truck sales.
GPI vs. RUSHA: Which Stock Is the Better Value Option?
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Rush Enterprises Inc. (NASDAQ: RUSHA), which operates the largest network of commercial vehicle dealerships in North America, on Wednesday reported fourth-quarter revenue of $1.3 billion, compared to revenue of $1.5 billion for the fourth quarter of 2018. Net income for the fourth quarter was $23.8 million, or a profit of 64 cents per diluted share, compared to $47 million, or $1.20 per diluted share, in the fourth quarter of 2018.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Guru’s firm also gains a position in Bristol-Myers Squibb following its acquisition of Celgene Continue reading...
The nation's largest network of commercial vehicle dealerships in North America, Rush Enterprises, Inc. (NASDAQ: RUSHA), reported 4.4% lower first quarter revenue of $1.29 billion compared to $1.35 billion a year ago.First quarter net income was $23.1 million, or $0.62 per share, down 38% from $37.1 million, or $0.98 per diluted share a year ago.Parts, service and collision center revenues reached $428 million and account for about 67% of gross profits.Rush delivered 3,078 new heavy-duty trucks, 13.5% fewer year-over-year and 3,264 new medium-duty commercial vehicles, up 24.9% compared with the first quarter a year ago. Used commercial vehicles sales of 1,558 were down 15.3%."Given the industry-wide slowdown in new Class 8 truck sales, which began in the fourth quarter of 2019, our first quarter 2020 performance was solid," said W.M. "Rusty" Rush, Chairman, CEO and President. "Our balance sheet is healthy, and we believe the company is well-positioned to navigate the economic and industry challenges that lie ahead." See more from Benzinga * Payment Provider Cass Sees COVID-Related Dip In Q1 Invoices * Volvo Q1 Earnings Presage Tough Times Ahead * Union Pacific Sees First-Quarter Net Profit Grow(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The company did better than expected in the first quarter but expects COVID-19 to have a "substantial" negative impact on its business in the year ahead.
The dealerships are delivering parts curbside and offering communication with employees via multiple social distancing options.