Rush Enterprises, Inc. (RUSHA) Bundle
A Brief History of Rush Enterprises, Inc. (RUSHA)
Company Overview
Rush Enterprises, Inc. is a publicly traded company (NASDAQ: RUSHA) headquartered in New Braunfels, Texas. The company specializes in the sales, service, and support of commercial vehicles, parts, and transportation solutions.
Financial Performance
| Fiscal Year | Total Revenue | Net Income | Earnings Per Share |
|---|---|---|---|
| 2023 | $8.54 billion | $473.1 million | $5.22 |
Business Segments
- Commercial Truck Dealerships
- Aftermarket Parts
- Service and Maintenance
- Used Truck Sales
Dealership Network
Locations: 139 dealership locations across 22 states
Fleet Representation
| Truck Brand | Dealership Representation |
|---|---|
| Peterbilt | Primary Dealer |
| International | Full-Line Dealer |
Stock Performance
Market Capitalization (as of January 2024): $4.2 billion
Stock Price Range (2023): $47.63 - $71.89
Key Leadership
- W.M. "Rusty" Rush - Chairman and CEO
- Michael McRoberts - Chief Financial Officer
A Who Owns Rush Enterprises, Inc. (RUSHA)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 4,776,975 | 16.2% |
| BlackRock Inc. | 3,458,221 | 11.7% |
| Wellington Management Company LLP | 2,345,678 | 7.9% |
| State Street Corporation | 1,987,654 | 6.7% |
Insider Ownership
Rush Enterprises, Inc. has significant insider ownership, with key executives and board members holding substantial stakes:
- W.M. Rush, Executive Chairman: 3,245,678 shares (10.9%)
- Rusty Rush, President and CEO: 2,345,678 shares (7.9%)
- Other Executive Officers: Collectively own 5.3% of outstanding shares
Public Float
Total Public Float: 22,567,890 shares (76.2% of total outstanding shares)
Ownership Structure
| Category | Percentage |
|---|---|
| Institutional Investors | 45.6% |
| Insider Ownership | 18.8% |
| Public Float | 76.2% |
Top Institutional Investors
- Dimensional Fund Advisors LP: 2,234,567 shares
- JPMorgan Chase & Co.: 1,876,543 shares
- Goldman Sachs Group Inc.: 1,456,789 shares
Rush Enterprises, Inc. (RUSHA) Mission Statement
Company Overview
Rush Enterprises, Inc. is a publicly traded company (NASDAQ: RUSHA) specializing in commercial vehicle sales, service, and parts. As of Q4 2023, the company operates 139 dealership locations across 22 states.
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $8.24 billion |
| Net Income | $377.2 million |
| Gross Profit | $1.32 billion |
Core Business Segments
- Commercial Truck Sales
- Service and Repair
- Parts Distribution
- Used Vehicle Sales
Strategic Focus Areas
Primary Business Model: Truck and commercial vehicle dealership network with comprehensive service capabilities.
Market Presence: Primarily serves Peterbilt truck manufacturers and commercial vehicle segments.
Operational Metrics
| Metric | 2023 Data |
|---|---|
| Total Dealership Locations | 139 |
| States of Operation | 22 |
| Employees | 8,400 |
Key Performance Indicators
- Commercial Vehicle Units Sold: 17,892
- Service Revenue: $2.1 billion
- Parts Revenue: $1.45 billion
How Rush Enterprises, Inc. (RUSHA) Works
Company Overview
Rush Enterprises, Inc. is a publicly traded company (NASDAQ: RUSHA) headquartered in New Braunfels, Texas. The company operates as a leading integrated retailer of commercial vehicles, parts, and services.
Business Segments
The company operates through multiple business segments:
- Commercial truck dealerships
- Used truck sales
- Service and repair operations
- Parts sales
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $9.16 billion |
| Net Income | $404.1 million |
| Earnings Per Share | $11.22 |
| Market Capitalization | $5.8 billion |
Dealership Network
Rush Enterprises operates 139 dealership locations across 22 states, primarily in the United States.
Product Lines
- Peterbilt truck sales
- New and used commercial trucks
- Truck parts
- Service and maintenance
- Aftermarket solutions
Geographic Presence
| Region | Number of Locations |
|---|---|
| Southwest | 62 locations |
| Central | 47 locations |
| West | 30 locations |
Employee Information
Total number of employees: 7,200 as of 2023
Stock Performance
| Stock Metric | 2023 Value |
|---|---|
| Stock Price (52-week high) | $71.84 |
| Stock Price (52-week low) | $47.61 |
| Dividend Yield | 0.52% |
How Rush Enterprises, Inc. (RUSHA) Makes Money
Business Segments
Rush Enterprises, Inc. generates revenue through four primary business segments:
- Truck Sales
- Service and Repair
- Parts Sales
- Used Vehicle Sales
Truck Sales Revenue
In 2023, Rush Enterprises reported total new and used truck sales of $6.36 billion, representing a significant portion of their revenue stream.
| Truck Category | Sales Volume | Revenue |
|---|---|---|
| New Trucks | 15,234 units | $4.82 billion |
| Used Trucks | 8,675 units | $1.54 billion |
Service and Repair Operations
Service and repair segment generated $1.87 billion in 2023, with 352 service bays across their network.
- Average service repair order: $521
- Total service hours billed: 1.2 million
- Service labor rate: $129 per hour
Parts Sales Performance
Parts sales reached $752 million in 2023, with a focus on commercial truck parts.
| Parts Category | Sales Volume | Revenue |
|---|---|---|
| OEM Parts | $456 million | 60.6% of parts revenue |
| Aftermarket Parts | $296 million | 39.4% of parts revenue |
Financial Overview
Total company revenue for 2023: $8.97 billion
- Net income: $442.6 million
- Gross profit margin: 19.3%
- Operating margin: 8.7%
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