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Jody Pollard, Senior Vice President at Rush Enterprises Inc. (NASDAQ:RUSHA), a $4.5 billion market cap company trading at a P/E ratio of 13.7, recently sold a significant portion of the company’s Class A common stock. According to InvestingPro data, the company has shown strong profitability with a return on equity of 15%. According to an SEC filing, Pollard sold 11,250 shares on February 25, 2025, at a weighted average price of $56.43 per share, totaling approximately $634,890. This transaction reduced Pollard’s ownership to 3,117 shares.
In a related move, Pollard also exercised options to acquire the same number of shares—11,250—at an exercise price of $7.84 per share. This transaction was part of a planned exercise of stock options, which were set to expire on March 15, 2026.
The sale and option exercise reflect routine financial management by Pollard, who has been with the company as a senior executive. The transactions were executed in compliance with SEC regulations and reported accordingly.
In other recent news, Rush Enterprises reported robust fourth-quarter 2024 financial results, with earnings per share (EPS) reaching $0.91, surpassing the forecast of $0.825. The company’s revenue for the quarter also exceeded expectations, totaling $2.01 billion against the anticipated $1.75 billion. Annual revenues were reported at $7.8 billion, with a net income of $304.2 million. Stephens analyst Justin T. Long adjusted the price target for Rush Enterprises to $67 from a previous $69, while maintaining an Overweight rating, following the company’s strong financial performance. The analyst highlighted the company’s increased truck sales and reduced expenses, which helped counterbalance a slight dip in gross margins. Despite challenges anticipated in the first half of 2025, Rush Enterprises expects a recovery later in the year as freight rates are projected to rise. The company also declared a cash dividend of $0.18 per common share, reflecting its ongoing commitment to shareholder value. These developments underscore Rush Enterprises’ strategic initiatives and strong financial position.
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