Last Updated: 12 Nov 2024
Executive Summary
Rush Enterprises A Inc. (RUSHA) is a leading retailer of commercial vehicles in the United States. The company has a strong financial performance with a market capitalization of $4.86 billion, EBITDA of $706.49 million, and EPS of $3.77. Rush Enterprises has a trailing PE ratio of 16.7 and a forward PE ratio of 11.07. The stock is currently trading at $63.75, which is above its 50-day moving average of $52.82 and below its 200-day moving average of $48.76.
Company Overview
Rush Enterprises is headquartered in New Braunfels, Texas, and has been in business for over 50 years. The company operates a network of over 100 dealerships in 21 states. Rush Enterprises sells a variety of commercial vehicles, including trucks, trailers, buses, and specialty vehicles. The company also provides a range of services, such as financing, insurance, and maintenance.
Fundamental Analysis
Rush Enterprises has a strong financial performance. The company's revenue has grown by an average of 5% over the past five years. In 2023, Rush Enterprises reported revenue of $7.82 billion, up from $7.45 billion in 2022. The company's net income has also grown in recent years, from $286.4 million in 2019 to $377.6 million in 2023.
Rush Enterprises has a strong balance sheet. The company has $1.2 billion in cash and equivalents and $1.9 billion in total debt. Rush Enterprises' debt-to-equity ratio is 0.5, which is below the industry average.
Technical Analysis
Rush Enterprises' stock price has been in a downtrend since early 2023. The stock peaked at $65.15 in January 2023 and has since fallen to $63.75. The stock is currently trading below its 50-day moving average and its 200-day moving average.
The relative strength index (RSI) for Rush Enterprises is 45.5, which indicates that the stock is in a neutral position. The moving average convergence divergence (MACD) for Rush Enterprises is -0.14, which indicates that the stock is in a downtrend.
Short Term Outlook
The technical analysis for Rush Enterprises indicates that the stock is in a downtrend. The stock is trading below its 50-day moving average and its 200-day moving average. The RSI and MACD indicators also indicate that the stock is in a downtrend.
Long Term Outlook
The fundamental analysis for Rush Enterprises indicates that the company is in a strong financial position. The company has a strong track record of revenue and earnings growth. Rush Enterprises also has a strong balance sheet.
Analyst Recommendations
The consensus analyst rating for Rush Enterprises is "Buy". The average analyst target price for the stock is $67.00.
Conclusion
Rush Enterprises is a leading retailer of commercial vehicles in the United States. The company has a strong financial performance and a strong balance sheet. The technical analysis for Rush Enterprises indicates that the stock is in a downtrend. However, the fundamental analysis for the company indicates that Rush Enterprises is in a strong position for long-term growth.
