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Michael McRoberts, a Senior Advisor and Director at Rush Enterprises Inc. (NASDAQ:RUSHA), recently executed a series of stock transactions involving the company’s Class A Common Stock. On February 20, McRoberts sold 4,000 shares at a price of $58.52 per share, totaling $234,080. The transaction comes as Rush Enterprises, with a market capitalization of $4.4 billion, has seen its stock decline nearly 8% over the past week, according to InvestingPro data.
In addition to the sale, McRoberts also exercised options to purchase 4,000 shares at $7.84 each, a transaction valued at $31,360. Following these transactions, McRoberts now holds 15,771 shares directly. These activities were disclosed in a Form 4 filing with the Securities and Exchange Commission. Trading at a P/E ratio of 13.8x, Rush Enterprises maintains a "Fair" financial health rating, with analysts setting price targets between $67-70. InvestingPro subscribers can access detailed insider trading patterns and 6 additional key investment tips for RUSHA.
In other recent news, Rush Enterprises reported impressive fourth-quarter 2024 earnings, with an earnings per share (EPS) of $0.91, surpassing the forecast of $0.825. The company’s revenue also exceeded expectations, reaching $2.01 billion compared to the anticipated $1.75 billion. Annual revenues were reported at $7.8 billion, with a net income of $304.2 million for the year. Stephens analyst Justin T. Long adjusted the price target for Rush Enterprises to $67 from $69, maintaining an Overweight rating on the company’s shares. The analyst noted that the company’s Q4 results surpassed expectations due to increased truck sales and reduced expenses. Despite a challenging market environment anticipated for the first half of 2025, Stephens remains optimistic about Rush Enterprises’ future, citing strong free cash flow and strategic initiatives. The company plans to leverage its free cash flow for share repurchases, barring significant mergers and acquisitions opportunities. Additionally, Rush Enterprises declared a cash dividend of $0.18 per common share, reinforcing its commitment to providing shareholder value.
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