RUSH ENTERPRISES INC \TX\

RUSHA, RUSHB · Retail-Auto Dealers & Gasoline Stations · 83.7M shares · +10%/yr ↑ shares · EDGAR filings ↗

Net buyback after stock comp: $181M (gross $212M, SBC $30M)

Reference price $72.23 · est. market cap ~$6.0B — last insider sale, 2026-04-30 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B76

Scaled, well-run commercial-truck dealer leader with top-tier cash generation through a soft truck cycle.

Strengths

FCF and OCF margins at the 100th pct ($462M FCF); gross margin 81st pct, operating margin 78th pct, ROA 75th pct
Market-leading 126-center network with 130%+ absorption ratio and strong aftermarket mix (64% of gross profit)

Risks

Revenue down 5% (11th pct) and net income -13% as Class 8 sales fell 17% in a down cycle
ROE 11.97% (35th pct) is only mid-pack given asset intensity

Notable findings

RestatementAll share and per share data in this Form 10-K have been adjusted and restated to reflect the stock split as if it occurred on the first day of the earliest period presented 8-K ↗
Exec changeRecent 8-K item 5.02 8-K ↗
Strong balance sheetStrong balance sheet — $213M cash & investments
Insider sellingInsider selling — 5 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$3M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $1.9B2025-09-30 · $1.9B2025-12-31 · $1.8B2026-03-31 · $1.7B

Last 4 quarters · from SEC filings.

Key metrics

Gross margin

19.6%

Operating margin

5.3%

Net margin

3.5%

Return on equity

12.0%

Return on assets

6.0%

ROIC

12.6%

Revenue growth (QoQ)

-4.9%

Net-income growth

-13.3%

Debt / equity

0.1×

Net debt / EBITDA

0.1×

Interest coverage

8.2×

Current ratio

1.4×

Free cash flow

$462M

EBITDA

$647M

Tangible book value

$1.8B

Cash & investments

$213M

Stock comp / revenue

0.4%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-05-19	CARY WILLIAM H	Grant	1.3K	—
2026-05-19	Boerger Amy	Grant	1.3K	—
2026-05-19	Mendoza Elaine	Grant	1.3K	—
2026-05-19	Akin Thomas A	Grant	2.1K	—
2026-05-19	Chess Raymond Joseph	Grant	1.6K	—
2026-05-19	Guglielmo Kennon	Grant	2.1K	—
2026-05-19	CLARKE TROY A	Grant	2.1K	—
2026-04-30	McRoberts Michael	Option exercise	8.0K	$15.06
2026-04-30	McRoberts Michael	Sell	8.0K	$72.23
2026-03-15	Wilder Jason	Tax withheld	2.5K	$59.69
2026-03-15	RUSH WILLIAM M RUSTY	Tax withheld	14K	$59.69
2026-03-15	RUSH WILLIAM M RUSTY	Tax withheld	9.2K	$59.69
2026-03-15	Pollard Jody	Tax withheld	3.4K	$59.69
2026-03-15	Keller Steven L	Tax withheld	4.3K	$59.69
2026-03-15	Keller Steven L	Tax withheld	3.3K	$59.69
2026-03-15	Goldstone Michael L	Tax withheld	1.1K	$59.69
2026-03-15	Wilder Jason	Tax withheld	3.7K	$59.69
2026-03-15	Pollard Jody	Tax withheld	2.3K	$59.69
2026-03-15	Goldstone Michael L	Tax withheld	971	$59.69
2026-03-15	McRoberts Michael	Tax withheld	7.5K	$59.69
2026-03-15	McRoberts Michael	Tax withheld	7.6K	$59.69
2026-03-14	McRoberts Michael	Tax withheld	4.9K	$59.69
2026-03-14	Pollard Jody	Tax withheld	2.3K	$59.69
2026-03-14	RUSH WILLIAM M RUSTY	Tax withheld	9.2K	$59.69
2026-03-14	Keller Steven L	Tax withheld	3.3K	$59.69
2026-03-14	Wilder Jason	Tax withheld	3.0K	$59.69
2026-03-14	Goldstone Michael L	Tax withheld	1.3K	$59.69
2026-03-13	RUSH WILLIAM M RUSTY	Grant	50K	—
2026-03-13	Goldstone Michael L	Grant	13K	—
2026-03-13	McRoberts Michael	Grant	4.2K	—
2026-03-13	Pollard Jody	Grant	17K	—
2026-03-13	Wilder Jason	Grant	22K	—
2026-03-13	Keller Steven L	Grant	25K	—
2026-03-10	Chess Raymond Joseph	Sell	10K	$65.05
2026-02-19	Goldstone Michael L	Option exercise	4.5K	$15.06
2026-02-19	Goldstone Michael L	Sell	4.5K	$71.86
2026-02-19	Pollard Jody	Sell	11K	$71.92
2026-02-19	McRoberts Michael	Sell	8.0K	$70.81
2026-02-19	Pollard Jody	Option exercise	11K	$15.06
2026-02-19	McRoberts Michael	Option exercise	8.0K	$15.06
2025-08-22	Goldstone Michael L	Sell	4.5K	$57.25
2025-08-22	Goldstone Michael L	Option exercise	4.5K	$7.84
2025-08-12	Wilder Jason	Sell	5.0K	$55.55
2025-08-04	McRoberts Michael	Sell	6.0K	$54.64
2025-08-04	McRoberts Michael	Option exercise	6.0K	$7.84
2025-05-20	Guglielmo Kennon	Grant	2.8K	—
2025-05-20	Boerger Amy	Grant	2.0K	—
2025-05-20	Akin Thomas A	Grant	2.1K	—
2025-05-20	Chess Raymond Joseph	Grant	2.1K	—
2025-05-20	CARY WILLIAM H	Grant	1.7K	—
2025-05-20	CLARKE TROY A	Grant	2.8K	—
2025-05-20	Mendoza Elaine	Grant	1.7K	—
2025-05-19	Wilder Jason	Sell	748	$56.08
2025-05-16	Goldstone Michael L	Option exercise	4.5K	$7.84
2025-05-16	Goldstone Michael L	Sell	4.5K	$52.10
2025-05-16	Wilder Jason	Sell	483	$56.39
2025-03-15	McRoberts Michael	Tax withheld	7.5K	$54.09
2025-03-15	RUSH WILLIAM M RUSTY	Tax withheld	11K	$54.09
2025-03-15	RUSH WILLIAM M RUSTY	Tax withheld	14K	$54.09
2025-03-15	RUSH WILLIAM M RUSTY	Tax withheld	9.2K	$54.09
2025-03-15	McRoberts Michael	Tax withheld	6.1K	$54.09
2025-03-15	McRoberts Michael	Tax withheld	7.6K	$54.09
2025-03-15	Keller Steven L	Tax withheld	3.3K	$54.09
2025-03-15	Keller Steven L	Tax withheld	4.3K	$54.09
2025-03-15	Keller Steven L	Tax withheld	3.3K	$54.09
2025-03-15	Wilder Jason	Tax withheld	2.2K	$54.09
2025-03-15	Wilder Jason	Tax withheld	2.5K	$54.09
2025-03-15	Wilder Jason	Tax withheld	2.0K	$54.09
2025-03-15	Goldstone Michael L	Tax withheld	608	$54.09
2025-03-15	Goldstone Michael L	Tax withheld	730	$54.09
2025-03-15	Goldstone Michael L	Tax withheld	810	$54.09
2025-03-15	Pollard Jody	Tax withheld	3.0K	$54.09
2025-03-15	Pollard Jody	Tax withheld	3.4K	$54.09
2025-03-15	Pollard Jody	Tax withheld	2.3K	$54.09
2025-03-14	Wilder Jason	Grant	20K	—
2025-03-14	Pollard Jody	Grant	17K	—
2025-03-14	Keller Steven L	Grant	25K	—
2025-03-14	McRoberts Michael	Grant	30K	—
2025-03-14	Goldstone Michael L	Grant	12K	—
2025-03-14	RUSH WILLIAM M RUSTY	Grant	70K	—
2025-03-07	Mendoza Elaine	Gift	1.1K	—
2025-02-27	CARY WILLIAM H	Gift	5.3K	—
2025-02-25	Pollard Jody	Option exercise	11K	$7.84
2025-02-25	Pollard Jody	Sell	11K	$56.43
2025-02-21	McRoberts Michael	Gift	800	—
2025-02-21	McRoberts Michael	Other	1.0K	—
2025-02-21	McRoberts Michael	Other	1.0K	—
2025-02-20	McRoberts Michael	Sell	4.0K	$58.52
2025-02-20	McRoberts Michael	Option exercise	4.0K	$7.84

All non-derivative Form 4 activity (SEC), newest first.

Supply chain

Customers (0)

Suppliers (10)

Peterbilt Motors Company
International Motors, LLC (f/k/a Navistar)
Hino Motors, Ltd.
Ford Motor Company
Isuzu Motors Limited
IC Bus, LLC
Blue Bird Investment Corporation
The Shyft Group Inc.
Battle Motors, Inc.
Cummins, Inc.

Named in the 10-K; linked when we track them.

Notable events (8-K)

Date	Items
2026-06-22	Material agreementExhibits	filing ↗
2026-05-19	Shareholder vote	filing ↗
2026-05-13	Reg FDExhibits	filing ↗
2026-04-28	ResultsReg FDExhibits	filing ↗
2026-03-24	Exec/director changeReg FDExhibits	filing ↗
2026-03-19	Exec/director changeReg FDExhibits	filing ↗
2026-03-05	Exec/director change	filing ↗
2026-02-17	ResultsReg FDExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-22	2026-06-15	0001437749-26-021338 ↗
8-K	2026-05-19	2026-05-19	0001437749-26-017816 ↗
8-K	2026-05-13	2026-05-13	0001437749-26-016733 ↗
10-Q	2026-05-08	2026-03-31	0001437749-26-015906 ↗
8-K	2026-04-28	2026-04-28	0001437749-26-013693 ↗
8-K	2026-03-24	2026-03-23	0001437749-26-009453 ↗
8-K	2026-03-19	2026-03-18	0001437749-26-009094 ↗
8-K	2026-03-05	2026-03-04	0001437749-26-007073 ↗
10-K	2026-02-25	2025-12-31	0001437749-26-005424 ↗
8-K	2026-02-17	2026-02-17	0001437749-26-004357 ↗
8-K	2025-12-03	2025-12-01	0001437749-25-036807 ↗
8-K	2025-11-14	2025-11-14	0001437749-25-035247 ↗