RUSHA
Rush Enterprises, Inc.56.80
-0.03-0.05%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Q&A colors cycle bottom, H2 '26 hope
Q&A delved deeper into the freight recession's stubborn supply overhang, with CEO noting post-ATA that non-domiciled driver enforcement could remove 15% of drivers—far higher than initial estimates—while OEM production plunged 30-40%. Emissions shift to 35 NOx and tariffs add costs, but foster optimism for H2 2026 fleet rightsizing and rebound if tonnage ticks up. Parts softened in September, eyeing flat Q4 despite competition squeezing margins. Used pricing stabilized; medium-duty stays resilient. Q4-Q1 deliveries tank on low orders. Tough quarters ahead, yet clearer recovery path.
Key Stats
Market Cap
4.48BP/E (TTM)
16.85Basic EPS (TTM)
3.37Dividend Yield
0.01%Recent Filings
8-K
Bylaws tightened; $150M buyback renewed
Rush Enterprises amended its bylaws on December 1, 2025, to raise the ownership threshold for derivative suits to 3% of common stock and designate Texas Business Court in Bexar County as the exclusive forum for internal claims, while waiving jury trials. Two days later, its board launched a fresh $150M stock repurchase program for Class A/B shares, effective December 3 and expiring December 31, 2026, replacing the prior program after repurchasing $199.9M. Strong free cash flow persists.
8-K
Investor presentation disclosed
Rush Enterprises disclosed an Investor Presentation under Item 7.01 on November 14, 2025, for use in upcoming investor and analyst meetings over the next couple of months. The deck, filed as Exhibit 99.1, will post to the company's Investor Relations website. Not filed under Exchange Act Section 18. Presentation details undisclosed in 8-K.
10-Q
Q3 FY2025 results
Rush Enterprises posted Q3 revenue of $1.88B, down 0.8% y/y, yet aftermarket products and services climbed 1.5% y/y to $642.7M on pricing and initiatives. Gross profit slipped 1.1% y/y to $374.8M (19.9% margin), operating income dropped 17.1% y/y to $100.0M from higher SG&A, while diluted EPS fell to $0.83 from $0.97 amid 80,593 diluted shares. Cash swelled to $242M, operations generated $748.9M YTD (FCF not disclosed in the 10-Q), floor plan notes payable eased to $1.01B, and long-term debt shrank to $263M; closed Leeds Transit in June 2025 for $25.6M cash. Strong cash flow endures. Litigation risk lingers.
8-K
Q3 revenues dip, aftermarket strong
Rush Enterprises reported Q3 2025 revenues of $1.881 billion, down 0.8% from last year, with net income falling to $66.7 million or $0.83 per diluted share amid weak Class 8 truck sales. Aftermarket products hit $642.7 million, up 1.5%, driving a 129.3% absorption ratio. Board declared $0.19 per share dividend. Resilient parts offset truck softness.
8-K
Credit facility extended to 2028
Rush Enterprises extended its revolving credit agreement maturity to September 30, 2028, via the Fourth Amendment effective that date with Wells Fargo and lenders. It paid a $350,000 upfront fee while tweaking Canadian subsidiary terms and adding Outbound Investment Rules compliance. Liquidity secured three more years.
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