A Reversal for Rush Enterprises, Inc. (RUSHA) Is Not Near. The Stock Rises Again

April 22, 2018 - By Peter Erickson

Rush Enterprises, Inc. (NASDAQ:RUSHA) Logo

The stock of Rush Enterprises, Inc. (NASDAQ:RUSHA) is a huge mover today! The stock increased 2.87% or $1.21 during the last trading session, reaching $43.31. About 398,419 shares traded or 23.82% up from the average. Rush Enterprises, Inc. (NASDAQ:RUSHA) has risen 29.86% since April 22, 2017 and is uptrending. It has outperformed by 18.31% the S&P500.
The move comes after 5 months positive chart setup for the $1.68 billion company. It was reported on Apr, 22 by Barchart.com. We have $45.91 PT which if reached, will make NASDAQ:RUSHA worth $100.68 million more.

Analysts await Rush Enterprises, Inc. (NASDAQ:RUSHA) to report earnings on April, 23 after the close. They expect $0.47 EPS, up 30.56 % or $0.11 from last year’s $0.36 per share. RUSHA’s profit will be $18.21M for 23.04 P/E if the $0.47 EPS becomes a reality. After $0.63 actual EPS reported by Rush Enterprises, Inc. for the previous quarter, Wall Street now forecasts -25.40 % negative EPS growth.

Rush Enterprises, Inc. (NASDAQ:RUSHA) Ratings Coverage

Among 5 analysts covering Rush Enterprises A (NASDAQ:RUSHA), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Rush Enterprises A had 12 analyst reports since October 27, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, February 20 by Stifel Nicolaus. The firm has “Hold” rating by Stifel Nicolaus given on Monday, February 5. The firm has “Hold” rating given on Friday, October 27 by BMO Capital Markets. BMO Capital Markets maintained the shares of RUSHA in report on Monday, October 30 with “Outperform” rating. Buckingham Research upgraded Rush Enterprises, Inc. (NASDAQ:RUSHA) on Tuesday, February 27 to “Buy” rating. On Friday, February 9 the stock rating was upgraded by Stephens to “Overweight”. The firm has “Hold” rating given on Friday, February 16 by BMO Capital Markets. The firm has “Market Perform” rating given on Tuesday, February 20 by BMO Capital Markets. The stock of Rush Enterprises, Inc. (NASDAQ:RUSHA) has “Hold” rating given on Friday, December 22 by Stifel Nicolaus. The stock of Rush Enterprises, Inc. (NASDAQ:RUSHA) earned “Hold” rating by Stifel Nicolaus on Monday, October 30.

Rush Enterprises, Inc., through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. The company has market cap of $1.68 billion. The firm operates a network of commercial vehicle dealerships under the Rush Truck Centers name. It has a 10.31 P/E ratio. The Company’s Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

Rush Enterprises, Inc. (NASDAQ:RUSHA) Institutional Positions Chart

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