Rush Enterprises Stock Price Surges Past 200 Day Moving Average of $56.18
August 13, 2023
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Friday saw a major milestone for Rush Enterprises ($NASDAQ:RUSHA), Inc. as its share price soared above the 200-day moving average of $56.18. This move marks yet another milestone in the company’s upward trajectory, making Rush Enterprises one of the top stocks in their sector. Rush Enterprises is a leading North American commercial vehicle dealership network. They specialize in the sale, leasing, repair, and replacement of new and used medium- and heavy-duty trucks and construction equipment.
Rush Enterprises also provides financial services, vehicle parts, and service contracts to customers. With a strong foundation and experienced management team, Rush Enterprises is well-positioned for continued growth and success.
Stock Price
The surge in stock price is a clear sign of the market’s confidence in the company’s operations and future prospects. This significant increase in stock price is certainly encouraging news for investors in the company and is indicative of the strong performance that RUSH ENTERPRISES is delivering. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rush Enterprises. More…
| Total Revenues | Net Income | Net Margin |
| 7.66k | 377.43 | 4.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rush Enterprises. More…
| Operations | Investing | Financing |
| 352.28 | -240.93 | -0.69 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rush Enterprises. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.13k | 2.24k | 34.41 |
Key Ratios Snapshot
Some of the financial key ratios for Rush Enterprises are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.7% | 51.0% | 7.3% |
| FCF Margin | ROE | ROA |
| 0.8% | 18.9% | 8.4% |
Analysis
At GoodWhale, we have conducted an analysis of RUSH ENTERPRISES‘s fundamentals. Our Star Chart analysis ranks RUSH ENTERPRISES as strong in asset, dividend, growth, and medium in profitability. Furthermore, the company has a high health score of 8/10 considering its cashflows and debt, which suggests it is well-positioned to pay off debt and fund future operations. We classify RUSH ENTERPRISES as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. We believe this makes it an attractive investment opportunity for investors looking for long-term stability. Such investors may include those who prioritize low volatility, or those looking for steady income through dividends. More…
Peers
Rush Enterprises Inc is one of the leading automotive companies in North America, providing customers with a wide range of vehicles, parts, and services. The company competes with other major automotive companies such as AutoCanada Inc, Sonic Automotive Inc, and Lithia Motors Inc in providing sales and service solutions to customers across the continent.
– AutoCanada Inc ($TSX:ACQ)
AutoCanada Inc is one of Canada’s largest multi-location automobile dealership groups. It operates more than 50 dealerships in eight provinces, specializing in the sale, lease, finance, and insurance of vehicles. As of 2022, the company had a market cap of 584.76M, indicating its value in the marketplace. Furthermore, AutoCanada has a Return on Equity (ROE) of 38.85%, which is significantly higher than the industry average, indicating the company’s efficient use of equity to generate profit. This strong ROE demonstrates AutoCanada’s ability to effectively manage its operations and produce strong returns for shareholders.
– Sonic Automotive Inc ($NYSE:SAH)
Sonic Automotive Inc is a Fortune 500 automotive retailing company that operates in both the United States and Canada. It is one of the largest automotive retailers in the US, with more than 100 dealerships across the country. As of 2022, the company has a market cap of 1.78 billion dollars and a Return on Equity of 32.11%. This indicates that the company is generating healthy profits on its equity investments. The company also provides a variety of services such as vehicle maintenance and repair, financial services, and extended warranties. Sonic Automotive continues to expand its operations, aiming to provide customers with an exceptional automotive experience in a competitive market.
– Lithia Motors Inc ($NYSE:LAD)
Lithia Motors Inc is a publicly-traded car dealership chain in the United States. The company has a market capitalization of 5.56 billion dollars as of 2022, and its return on equity stands at 26.55%. Market capitalization, or market cap, is a measure of the size of a company determined by the total value of its outstanding shares. A high market capitalization indicates that the company is well established and has a good reputation. Lithia Motors’ return on equity (ROE) measures how well the company is performing relative to its shareholders’ investments. A high ROE indicates that it is utilizing its assets efficiently to generate profits for shareholders. This shows that Lithia Motors is a successful and well-managed company that is generating good returns for its shareholders.
Summary
Rush Enterprises, Inc. saw its stock price break above the 200-day moving average of $56.18 on Friday, indicating a bullish trend in the company’s future prospects. Investors should study Rush Enterprises’ financial statements, industry trends, and competitive landscape in order to gain insight into the company’s potential performance. They should also pay close attention to stock performance, market conditions, and announcements from the company. Furthermore, investors may want to consider diversifying their portfolios with Rush Enterprises in order to spread the risk and potentially reap higher returns in the long-term.
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