Demand and volumenegative · 4 filings
“This decrease is primarily related to decreased demand for new commercial vehicles due to challenging industry conditions.”10-Q · May 8, 2026 ↗
Rush Enterprises, Inc.
RUSHA
Market read
Rush Enterprises, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 8 directly disclosed connections are confirming.
What changed
- Revenue decreased 9.6% versus the comparable filing period.
Company+0.3% todayVolume comparison unavailable
Market group0 of 3 activeCommercial Capex · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- New commercial-vehicle sales declined because of weak demand from most customer segments, alongside a 10.5% revenue decline in the latest three months.
Invalidation: The isolated read changes if RUSHA's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 8 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
- Revenue decreased 9.6% versus the comparable filing period.
What would clarify the read
- New commercial-vehicle sales declined because of weak demand from most customer segments, alongside a 10.5% revenue decline in the latest three months.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements41
Verified relationships10
Evidence supporting the case
- Operating cash flow covered net income at 3.27x in the latest annual period.
Evidence challenging the case
- Latest annual revenue changed -5.2% year over year.
- Demand and volume has repeated adverse evidence across 4 filings.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 11, 2026
48.336m-21.5%12m-14.8%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$4.9B+8.4%$2.78—
2022-12-31$6.8B+39.0%$4.57-1.3%
2023-12-31$7.6B+11.7%$4.15-2.3%
2024-12-31$7.4B-1.6%$3.72-2.3%
2025-12-31$7.1B-5.2%$3.27-1.3%
What management says matters
Persistent and emerging business drivers
Credit and interest ratesnegative · 3 filings
“These cash outflows were partially offset by $54.3 million from net draws on floor plan notes payable (non-trade), borrowings of $1,844.5 million of long-term debt and $25.4 million from the issuance of shares related to equity compensation plans.”10-K · Feb 25, 2026 ↗
Industry cycle and competitionnegative · 3 filings
“The decrease was primarily a result of an increase in the percentage of sales to national account customers and a competitive pricing environment due to challenging industry conditions.”10-Q · Aug 7, 2026 ↗
Pricing and mixnegative · 2 filings
“The decrease was primarily a result of an increase in the percentage of sales to national account customers and a competitive pricing environment due to challenging industry conditions.”10-Q · Aug 7, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
48.33+0.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for RUSHA. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-05-08 against the comparable filing from 2025-05-09.
OperationscautiousEvidence score -2
liquidityneutralEvidence score 0
valuationpremium
What improved
No thresholded improvement was identified.
What weakened
- Revenue decreased 9.6% versus the comparable filing period.
Filing receipts
“This decrease was primarily due to a change in sales mix between wholesale and retail.”
“This decrease was primarily due to weak demand and a competitive pricing environment due to challenging industry conditions.”
“This decrease was primarily the result of decreased sales of new commercial vehicles due to weak demand from most customer segments.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind RUSHA
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
CMICummins Inc.partnerMay 8, 2026 ▾
“We offer an integrated approach to meeting customer needs by providing service, parts and collision repairs in addition to new and used commercial vehicle sales and leasing, plus financial services, vehicle upfitting, CNG fuel systems through our joint ventur…”
BLBDBlue Bird CorporationdistributorMay 8, 2026 ▾
“The Truck Segment includes our operation of a network of commercial vehicle dealerships under the name “Rush Truck Centers.” Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird,…”
FFord Motor CompanydistributorFeb 25, 2026 ▾
“The Truck Segment operates a network of commercial vehicle dealerships primarily under the name “Rush Truck Centers.” Most Rush Truck Centers are a franchised dealer for commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Blue Arc…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
RUSHA is currently a Leader in the organic co-movement group Commercial Capex. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.