Heavy-duty truck dealership network Rush Enterprises (NASDAQ: RUSHA) reported lower sales and earnings in the third quarter but far exceeded analyst estimates.
Earnings per share decreased 14.29% over the past year to $0.60. Analysts expected $0.32 per share.
Revenue of $1,18 billion declined by 26.3% from the same period last year. Analysts estimated revenue of $1.08 billion
With 120 locations, Rush Enterprises is the only publicly traded, standalone commercial truck dealer in North America. It sells 5.6% of new Class 8 trucks and also sells Class 4-7 medium-duty trucks and used models. Rush’s Class 8 Its customer base consists of large fleets (32%), mid-size fleets (16%), vocational customers (40%), and owner-operators (12%).
Aftermarket parts and service account for approximately 30% of revenue and 65% of gross profit.
Rush shares traded up 6.35% after hours Wednesday at $38.17.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
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