Rush Enterprises, Inc. (RUSHB): history, ownership, mission, how it works & makes money

Rush Enterprises, Inc. (RUSHB): history, ownership, mission, how it works & makes money

US | Consumer Cyclical | Auto - Dealerships | NASDAQ

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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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