RUSHB Rush Enterprises B Inc

Squarepoint Ops LLC significantly increased its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 45.7% in Q2, bringing its total holdings to 78,985 shares valued at approximately $4.07 million. Institutional investors now collectively own about 84.43% of the company's stock. Rush Enterprises, which currently has a "Moderate Buy" consensus rating and a $55 target price, reported quarterly EPS of $0.79 on $1.23 billion in revenue and pays a quarterly dividend of $0.19.

Rush Enterprises (RUSH.A, RUSH.B) has announced a new stock repurchase program, authorizing the buyback of up to $150 million of its Class A and Class B common stock. This program will replace the previous 2022 authorization, under which $79 million remained available. The repurchases will occur sporadically in open market or private transactions as market conditions and the company's financial state allow.

Rush Enterprises Inc. (NASDAQ:RUSHA & RUSHB) has announced a new $150 million stock repurchase program, replacing a nearly exhausted previous program. This decision reflects the company's confidence in its free cash flow generation despite challenging industry conditions, according to Chairman, CEO, and President W.M. "Rusty" Rush. The program, which expires on December 31, 2026, allows for repurchases of both Class A and Class B common stock through various methods.

Rush Enterprises, Inc. has announced a new $150 million stock repurchase program, replacing a previous one that was nearly completed. This decision underscores the company's confidence in its ability to generate strong free cash flow, evidenced by a 17% free cash flow yield and a P/E ratio of 15.67. The program, which covers both Class A and Class B common stock, will run until December 31, 2026, and allows for repurchases through various market transactions.

Rush Enterprises (RUSHBNASDAQ:RUSHB) has been upgraded to a Strong Buy with a $58.85 price target, anticipating a recovery in the heavy-duty truck market despite current macroeconomic headwinds. The company maintains strong financial health, resilient margins, and improving leverage through the trucking downturn, while tariffs have presented a market risk. At 10.66x EV/EBITDA and a 1.5% dividend yield, RUSHB offers contrarian value ahead of an expected market upturn.

Rush Enterprises announced a 3:2 stock split for its Class A and B shares after reporting a strong second quarter, largely driven by its parts and service business. Despite modest gains in Class 8 truck sales, medium-duty truck sales surged, and the company expects continued strong demand for new vehicles influenced by upcoming emissions regulations. Used truck values remain depressed, leading the company to maintain lower inventory levels in that segment.