Rush Enterprises boosts stock buyback program by $50 million

SAN ANTONIO - Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), a leading commercial vehicle dealership network in North America, announced today that its Board of Directors has approved a $50 million increase to its stock repurchase program. The company is now authorized to buy back up to $200 million of its Class A and Class B common stock. This decision comes as the company approaches its initial $150 million repurchase authorization limit.

In the face of ongoing economic challenges, including tariffs, a freight recession, and a tough commercial vehicle market, Rush Enterprises expresses confidence in its financial stability and cash flow. This confidence appears well-founded, as InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 1.44 and has achieved a net income of $292.87 million in the last twelve months. W.M. "Rusty" Rush, Chairman, CEO, and President of Rush Enterprises, emphasized the company’s solid capital position and liquidity as the basis for enhancing shareholder value through the expanded repurchase program.

The company’s diversified customer base and "One Team" sales approach are credited for its financial resilience during recent industry downturns. These factors are expected to support continued investment in growth strategies while also returning capital to shareholders through dividends, currently yielding 1.39%. InvestingPro research reveals several additional positive indicators for the company, with 8 more exclusive ProTips available to subscribers, along with comprehensive financial analysis and Fair Value assessments.

Stock repurchases will be conducted based on market conditions and may occur through open market transactions, privately negotiated deals, or other methods compliant with federal securities laws. The program is set to expire on December 31, 2025, and may be halted or terminated at any time.

Rush Enterprises owns and operates over 150 Rush Truck Centers across 23 states and Ontario, Canada. These centers offer a comprehensive range of services, including sales of new and used vehicles, aftermarket parts, service and body shop operations, and financing options. The company also invests in alternative fuel technologies and other advanced vehicle technologies.

The information provided in this article is based on a press release statement from Rush Enterprises, Inc.

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