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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Commission File Number 0-20797 RUSH ENTERPRISES, INC. (Exact name of registrant as specified in its charter) incorporation or organization) Texas 74-1733016 (State or other jurisdiction of (I.R.S. Employer Identification No.) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECT ...

Rush Enterprises, Inc. (NASDAQ:RUSHA) Q1 2024 Earnings Conference Call April 24, 2024 10:00 AM ET Company Participants Rusty Rush - Chairman of the Board, Chief Executive Officer and President Steven Keller - Chief Financial Officer and Treasurer Conference Call Participants Justin Long - Stephens Inc. Andrew Obin - Bank of America Operator Good day, and thank you for standing by. Welcome to Rush Enterprises’ First Quarter 2024 Earnings Results Call. At this time, all participants are in a listen-only mode. ...

Exhibit 99.1 Contact: Rush Enterprises, Inc., San Antonio Steven L. Keller, 830-302-5226 RUSH ENTERPRISES, INC. REPORTS FIRST QUARTER 2024 RESULTS, ANNOUNCES $0.17 PER SHARE DIVIDEND ● Revenues of $1.9 billion, net income of $71.6 million ● Earnings per diluted share of $0.88 ● Challenging market conditions impact Class 8 new truck sales and overall financial performance ● Absorption ratio 130.1% ● Board declares cash dividend of $0.17 per share of Class A and Class B common stock "It is important that I si ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-20797 RUSH ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Texas 74-1733016 (State or other juri ...

Financial Data and Key Metrics Changes - The company achieved annual revenues of $7.9 billion and net income of $347 million, or $4.15 per diluted share for the year 2023. In Q4, revenues were $2 billion with net income of $78 million, or $0.95 per diluted share [7] - The aftermarket revenues increased by 8% year-over-year, totaling $2.6 billion for the year [27] Business Line Data and Key Metrics Changes - Truck sales for new Class 8 trucks reached 17,457 units in 2023, representing 6.2% of the total U.S. Class 8 market and 2% in Canada. Class 4-7 new truck sales were 13,624 units, or 5.1% of the U.S. market [9][32] - Used truck sales remained flat at 7,117 units in 2023, with expectations for demand to remain flat in 2024 [33] Market Data and Key Metrics Changes - The Class 8 retail sales forecast for 2024 is expected to decline by approximately 22% from 2023, while Class 4-7 retail sales are projected to increase slightly [9][10] - The company noted that delays from truck body companies impacted deliveries, which limited growth in Q4 [10] Company Strategy and Development Direction - The company is focusing on diversifying its customer base and supporting large national accounts, which has positioned it well to navigate challenging market conditions [34] - Strategic initiatives include adding service technicians to enhance service capabilities and expanding aftermarket services [8][27] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the easing of the current freight recession by summer 2024, while acknowledging that high interest rates and challenging freight conditions will continue to impact customers [31] - The company anticipates that the aftermarket demand in the first half of 2024 will be similar to the second half of 2023, with hopes for modest growth [31] Other Important Information - The company declared a cash dividend of $0.17 per common share [7] - The absorption rate for the aftermarket was reported at 135.3% [27] Q&A Session Summary Question: Performance of parts and service business - Management expressed confidence in the parts and service business, indicating potential for growth in 2024 despite challenges faced in 2023 [16][17] Question: Expectations for truck sales and parts and service in Q1 - Management expects truck sales to be softer in Q1, with a decline anticipated, but believes they will outperform the industry due to a diverse customer base [42][43] Question: Economic outlook by region - Management provided insights on regional economic performance, noting strong growth in Texas and Florida, while expressing concerns about potential softness in Ohio [54][70] Question: Used truck pricing outlook - Management indicated that while used truck prices continue to decline, the rate of depreciation is expected to stabilize over the course of 2024 [49][52] Question: Overall market outlook - Management summarized that the truck market is bottoming, the economy remains solid, and the company is executing well despite anticipated challenges in 2024 [72]