Rush Enterprises(NASDAQ) RUSHA

Rush helps businesses buy and repair big trucks. They sell vehicles ranging from semi-trucks to school buses. The company also provides parts and expert maintenance services.

Keeping Commercial Fleets Moving

• Vehicle Sales: Sells new and used trucks from brands like Peterbilt and Ford; accounted for 56.7% of total revenue in Q1 2026.
• Aftermarket Services: Provides parts, repair services, and collision center work for commercial vehicles; represented 37.2% of total revenue in Q1 2026.
• Lease and Rental: Offers short-term rentals and long-term fleet leases for commercial customers; accounted for 5.5% of total revenue in Q1 2026.
• Financial Services: Arranges truck financing and provides specialized insurance products for commercial owners; made up 0.3% of total revenue in Q1 2026.

Expanding the Service Map

• In June 2025, Rush Truck Centres of Canada Limited acquired Leeds Transit, Inc. to grow its bus sales footprint in Ontario and Quebec.
• The company formed a joint venture with Cummins to manufacture and install natural gas fuel systems for heavy-duty vehicles.
• Management signed an agreement to purchase the assets of Peterbilt of Louisiana to expand into Louisiana and Mississippi markets.
• The firm is currently constructing a new dealership facility in Conroe, Texas, with a $20 million budget.

The Network Advantage

Rush operates more than 125 franchised locations across 23 states and Canada. This large scale helps the company provide consistent parts and repair support for national shipping fleets traveling across North America.

A Look at the Numbers

• Total revenue was $1.68 billion in Q1 2026, a 9% decrease from $1.85 billion in Q1 2025.
• Net income reached $61.5 million in Q1 2026, an increase of 1.9% from $60.3 million in the prior year.
• Operating cash flow reached $60.4 million in Q1 2026, down from $153.5 million in Q1 2025.
• The company backlog of commercial vehicle orders was $1.46 billion as of March 31, 2026.
• The absorption ratio, which measures how well service profits cover overhead costs, was 126.9% in Q1 2026.

Evolution of a Truck Giant

Rush has transitioned from a single dealership into a North American network providing full vehicle support. Its focus on aftermarket services helps balance the business when new truck sales demand changes.