Rush Enterprises Q1 revenue falls on weak new vehicle sales

Rush Enterprises

28/04/2026 22:32

Overview

US commercial vehicle dealer's Q1 revenue fell and missed analyst expectations

Net income and EPS rose yr/yr despite lower sales, aided by aftermarket and leasing growth

Company to acquire six dealerships in Louisiana and Mississippi to expand network

Outlook

Company expects commercial vehicle sales to improve gradually beginning in the second quarter

Aftermarket demand expected to gradually improve through remainder of 2026 as fleet utilization rises

Leasing and rental business projected to remain stable and strengthen as market conditions improve

Result Drivers

WEAK NEW VEHICLE SALES - Co said revenue decline was driven by historically low new commercial vehicle sales due to prolonged freight recession, excess capacity and economic uncertainty

AFTERMARKET GROWTH - Modest growth in aftermarket parts, service and collision center revenues supported results despite industry softness

LEASING AND RENTAL - Leasing and rental revenue rose, driven by continued strength in full-service leasing operations

Company press release: ID:nGNX265CqY

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$1.68 bln
$1.73 bln (4 Analysts)
Q1 Gross Revenue
$1.68 bln
Q1 EPS
$0.77
Q1 Net Income
$61.50 mln
Q1 Dividend
$0.19


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy."

Wall Street's median 12-month price target for Rush Enterprises Inc is $81.50, about 7% above its April 27 closing price of $76.20

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)