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Rush Enterprises A ( (RUSHA) ) has issued an update.
For the year ending December 31, 2024, Rush Enterprises reported annual revenues of $7.8 billion and net income of $304.2 million, reflecting a slight decrease from the previous year. Despite challenges such as the freight recession and high interest rates impacting over-the-road carriers, the company maintained strong sales in vocational and public sector segments. The Board declared a quarterly dividend of $0.18 per share, underscoring confidence in future cash flow and shareholder value. The company’s strategic expansion included new service locations and increased focus on mobile services, which contributed to market share growth in the aftermarket sector despite a slight decline in revenue. Looking ahead, the company anticipates challenges in the freight market and potential impacts from proposed tariffs but remains optimistic about medium-duty market growth and strengthening aftermarket operations.
More about Rush Enterprises A
Rush Enterprises, Inc. operates the largest network of commercial vehicle dealerships in North America, offering a wide range of products and services including new and used truck sales, aftermarket parts, and service solutions. The company focuses on serving a diversified customer base across various segments, including vocational, public sector, and medium-duty leasing markets.
YTD Price Performance: 10.31%
Average Trading Volume: 312,512
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.72B
For detailed information about RUSHA stock, go to TipRanks’ Stock Analysis page.
