
Rush Enterprises (RUSHA) Stock Forecast & Price Target
Rush Enterprises (RUSHA) Analyst Ratings
Bulls say
Rush Enterprises Inc. has demonstrated robust operating margins of 6.4%, exceeding previous estimates and showing a sequential improvement, which reflects the company's effective cost management and operational efficiency. The positive trend in Class 8 truck sales, alongside an expected uptick in orders for the fourth quarter, indicates a strong market position bolstered by anticipated improvements in freight rates through 2025 that will likely enhance new Class 8 sales. Additionally, the company’s strategic plan to expand its workforce with 150 to 200 technicians annually positions Rush Enterprises to meet increasing service demands and capitalize on the industry's growth potential.
Bears say
Rush Enterprises Inc. reported a decline in parts and services revenue of 2% year-over-year and a gross profit that remained largely unchanged, indicating a stagnation in profitability amid declining demand. Additionally, new and used truck revenue fell 6% year-over-year, with gross profit declining by 10%, signaling ongoing challenges in the commercial vehicle market. The company's outlook suggests a traditional seasonal decline in service demand for the fourth quarter, further emphasizing the pressure on revenues as it anticipates a gradual recovery only in early 2025.
This aggregate rating is based on analysts' research of Rush Enterprises and is not a guaranteed prediction by Public.com or investment advice.
Rush Enterprises (RUSHA) Analyst Forecast & Price Prediction
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