Recap: Rush Enterprises Q1 Earnings

Shares of Rush Enterprises RUSHA were flat in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 27.42% over the past year to $0.79, which beat the estimate of $0.51.

Revenue of $1,232,000,000 declined by 4.27% from the same period last year, which missed the estimate of $1,280,000,000.

Outlook

Rush Enterprises hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Price Action

Company's 52-week high was at $86.62

52-week low: $35.06

Price action over last quarter: Up 17.80%

Company Overview

Rush Enterprises is the only publicly traded, standalone commercial truck dealer in North America. With 120 locations, it sells 5.6% of new class 8 trucks as the largest truck dealer on the continent. Vehicle sales include class 4-8 new trucks as well as range of used commercial vehicles. Aftermarket parts and service are key drivers of profitability as they generate approximately 30% of revenue and 65% of gross profit. Rush's class 8 customers include large fleets (32%), mid-size fleets (16%), vocational customers (40%), and owner-operators (12%). In 2019, Rush generated $5.8 billion in revenue.