Shares of Rush Enterprises (NASDAQ:RUSHA) were flat in after-market trading after the company reported Q2 results.
Earnings per share fell 58.18% over the past year to $0.46, which beat the estimate of ($0.06).
Revenue of $1,003,000,000 declined by 35.08% from the same period last year, which beat the estimate of $930,700,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
52-week high: $49.27
Company's 52-week low was at $27.25
Price action over last quarter: Up 31.17%
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.
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