Rush Enterprises

Rush Enterprises

About Rush Enterprises

Simplify's Rating
Why Rush Enterprises is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Automotive & Transportation

Industrial & Manufacturing

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

New Braunfels, Texas

Founded

1965

Overview

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Simplify's Take

What believers are saying

  • Increased demand for EV infrastructure boosts Rush's partnership with The Shyft Group.
  • Early employment programs provide Rush with skilled workers, enhancing operational efficiency.
  • Positive investor sentiment is shown by Prescott Group's acquisition of Rush shares.

What critics are saying

  • Leadership transitions may disrupt strategic initiatives and operational efficiency at Rush.
  • Nascent EV infrastructure could challenge Rush's partnership with The Shyft Group.
  • Shareholder influence from Prescott Group may shift Rush's strategy or governance.

What makes Rush Enterprises unique

  • Rush Enterprises operates the largest network of commercial vehicle dealerships in North America.
  • Partnership with The Shyft Group to sell Blue Arc electric vehicles enhances their EV offerings.
  • Participation in UTI's early employment program secures a pipeline of skilled workers.

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Company News

PR Newswire
May 28th, 2024
Rush Enterprises Joins Universal Technical Institute Division'S Early Employment Program

Selected diesel students at 10 campuses in six states can gain work experience while in schoolPHOENIX, May 28, 2024 /PRNewswire/ -- Universal Technical Institute (UTI), the transportation, skilled trades and energy education division of Universal Technical Institute, Inc., today announced that Rush Enterprises has joined the early employment program at the following campuses: UTI-Austin (Texas), UTI-Avondale (Ariz.), UTI-Dallas, UTI-Houston, UTI-Lisle (Ill.), UTI-Long Beach (Calif.), UTI-Miramar (Fla.), UTI-Orlando (Fla.), UTI-Rancho Cucamonga (Calif.), and NASCAR Technical Institute (N.C.). Source: Rush Truck. Source: Rush Truck

Yahoo Finance
Mar 8th, 2024
Rush Enterprises Announces Retirements Of Michael Mcroberts, Chief Operating Officer And Scott Anderson, Senior Vice President Of Finance, Insurance And Leasing

Rush Enterprises, Inc.SAN ANTONIO, March 08, 2024 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (NASDAQ: RUSHA and RUSHB), which operates the largest network of commercial vehicle dealerships in North America, announced today that Michael McRoberts, Chief Operating Officer and a member of the Board of Directors of the Company, will step down from his role as COO later this year, and Scott Anderson, Senior Vice President of Finance, Insurance and Leasing, will retire effective March 30, 2024.McRoberts was instrumental in leading the Company’s operations through a period of substantial growth and transformation. His extensive background in the commercial vehicle dealership, leasing, and contract-carriage industries markedly impacted the Company’s operations and strategic direction. In addition, McRoberts’ leadership was pivotal in refining the Company’s operations to achieve greater efficiencies, leveraging its data in furtherance of the Company’s strategic initiatives, and driving the customer experience.When McRoberts steps down as Chief Operating Officer, he will continue to serve in a senior advisory role and in his current capacity as a member of the Company’s Board of Directors. Further details regarding the timing of McRoberts’ retirement, which will occur in the second half of the year, will be provided at a later date.McRoberts was appointed Chief Operating Officer in July 2016. He joined the Company in 2011 and served as Regional Manager for Rush Truck Centers in California until he was appointed Senior Vice President – Dealer Operations in March 2013

MarketBeat
Feb 24th, 2024
Prescott Group Capital Management L.L.C. Acquires 16,434 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Prescott Group Capital Management L.L.C. acquires 16,434 shares of Rush Enterprises, Inc. (NASDAQ:RUSHA).

MarketScreener
Oct 10th, 2023
Rush Enterprises, Inc. Announces Additions to Board of Directors

Mr. McRoberts, 64, was appointed to the position of Chief Operating Officer of Rush Enterprises, Inc. in July 2016.

GlobeNewswire
Oct 2nd, 2023
The Shyft Group Signs Agreement With Rush Enterprises Commercial Vehicle Dealer Group For Sales And Service Of Blue Arc™ Electric Vehicles

Rush Enterprises operates the largest network of commercial vehicle dealerships in North America Initial focus to sell and service Blue Arc Class 3, 4, and 5 all-electric last mile delivery vehicles through select Rush Truck Centers NOVI, Mich. and SAN ANTONIO, Oct. 02, 2023 (GLOBE NEWSWIRE) -- The Shyft Group, Inc. (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, today announced it has finalized an agreement with Rush Enterprises, which operates the largest network of commercial vehicle dealerships in North America, to sell and service the Company’s Blue Arc™ Class 3, 4 and 5 all-electric delivery vehicles. “When our customers couldn’t find what they needed and asked us to enter the EV space for last mile delivery vehicles, we committed to deliver with commercial-grade quality, innovation, and a strong focus on driver needs,” said Daryl Adams, President and CEO, The Shyft Group. “Doing so has enabled us to have outstanding partners and we could not be more pleased to have Rush Enterprises’ support getting Blue Arc vehicles on the road across the country.” The reimagined design and benchmark performance of Blue Arc all-electric delivery vehicles demonstrates the value that deep last mile experience brings to the market during this critical industry transition to clean technology

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