Rush Enterprises, Inc. (RUSHB) Bundle
A Brief History of Rush Enterprises, Inc. (RUSHB)
Company Overview
Rush Enterprises, Inc. is a publicly traded company headquartered in New Braunfels, Texas. The company is a leading provider of commercial vehicle sales, service, and support in North America.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $8.44 billion |
| Net Income | $372.6 million |
| Market Capitalization | $4.2 billion |
| Earnings Per Share | $5.72 |
Business Segments
- Commercial Truck Dealerships
- Aftermarket Parts Sales
- Service and Repair Operations
- Used Truck Sales
Geographic Presence
Rush Enterprises operates 122 dealership locations across 22 states in the United States, primarily in the Southwest and Central regions.
Key Business Metrics
| Metric | 2023 Data |
|---|---|
| Total Trucks Sold | 23,456 units |
| Service Bays | 1,347 service bays |
| Employees | 8,900 employees |
Stock Information
Ticker Symbol: RUSHB (NASDAQ) Stock Price (as of January 2024): $67.45
Key Brands Represented
- Peterbilt
- International
- Hino
A Who Owns Rush Enterprises, Inc. (RUSHB)
Major Shareholders
As of the most recent available data, the major shareholders of Rush Enterprises, Inc. include:
| William M. Rush | Approximately 33.5% ownership |
| BlackRock Inc. | 8.92% of outstanding shares |
| The Vanguard Group, Inc. | 7.64% of outstanding shares |
| Dimensional Fund Advisors LP | 5.21% of outstanding shares |
Insider Ownership
Insider ownership details for Rush Enterprises, Inc.:
- William M. Rush serves as Chairman of the Board
- Insider ownership percentage: 34.2%
- Total institutional ownership: 68.7%
Institutional Investors
Top institutional investors:
| BlackRock Fund Advisors | 5.23% stake |
| Vanguard Total Stock Market Index Fund | 3.91% stake |
| State Street Corporation | 3.45% stake |
Ownership Structure
Public Float: 65.8% of outstanding shares
Class of Stock: Two classes (Class A and Class B shares)
Rush Enterprises, Inc. (RUSHB) Mission Statement
Company Overview
Rush Enterprises, Inc. is a publicly traded company (NASDAQ: RUSHB) primarily focused on commercial vehicle sales, service, and support. As of Q4 2023, the company operates 139 dealership locations across 22 states.
Financial Performance
| Annual Revenue (2023) | $8.47 billion |
| Net Income (2023) | $288.6 million |
| Market Capitalization | $3.92 billion |
Core Business Segments
- Truck Sales (New Peterbilt and Kenworth trucks)
- Aftermarket Parts
- Service and Repair
- Truck Rental and Leasing
Strategic Focus Areas
The mission statement emphasizes:
- Customer Satisfaction
- Operational Excellence
- Technological Innovation
Geographic Presence
| Total Dealership Locations | 139 |
| States Covered | 22 |
| Primary Service Regions | Southwest and Southeast United States |
Key Performance Metrics
- Truck Units Sold (2023): 16,782
- Service Bays: 1,400+
- Employee Count: Approximately 8,100
How Rush Enterprises, Inc. (RUSHB) Works
Company Overview
Rush Enterprises, Inc. is a publicly traded company (NASDAQ: RUSHB) headquartered in New Braunfels, Texas. The company operates as a leading provider of commercial vehicle products and services.
Business Segments
The company operates through multiple business segments:
- Commercial truck sales
- Service and repair operations
- Parts sales
- Used truck sales
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $9.13 billion |
| Net Income | $373.5 million |
| Gross Profit | $1.24 billion |
| Operating Cash Flow | $542.6 million |
Dealership Network
Rush Enterprises operates 139 dealership locations across 22 states, primarily in the southwestern and western United States.
Truck Brands Represented
- Peterbilt
- International
- Ford Pro Commercial
Service Capabilities
The company provides comprehensive service capabilities including:
- Truck maintenance
- Repair services
- Parts distribution
- Truck customization
Market Position
Rush Enterprises is the largest publicly traded dealership group in North America focused exclusively on commercial vehicles.
Employee Information
| Employee Metric | 2023 Data |
|---|---|
| Total Employees | 7,200 |
| Average Annual Compensation | $68,500 |
How Rush Enterprises, Inc. (RUSHB) Makes Money
Business Segments
Rush Enterprises, Inc. generates revenue through four primary business segments:
- Truck Sales and Service
- Used Truck Sales
- Parts Sales
- Service and Maintenance
Truck Sales Revenue
In 2023, Rush Enterprises reported total truck sales revenue of $7.69 billion, with new truck sales representing a significant portion of this amount.
| Truck Sales Category | Revenue (2023) |
|---|---|
| New Truck Sales | $5.42 billion |
| Used Truck Sales | $1.37 billion |
Service and Parts Revenue
Service and parts segment generated $1.96 billion in 2023, with key revenue streams including:
- Truck Repair Services
- Replacement Parts Sales
- Maintenance Contracts
| Service Category | Revenue (2023) |
|---|---|
| Truck Repair Services | $1.24 billion |
| Replacement Parts | $0.72 billion |
Geographic Distribution
Rush Enterprises operates 139 dealership locations across 23 states, primarily in the Southern and Southwestern United States.
Financial Performance
For the fiscal year 2023, Rush Enterprises reported:
- Total Revenue: $9.65 billion
- Net Income: $357.2 million
- Gross Profit Margin: 14.3%
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