Key Highlights

  • Consensus EPS of 0.64 compares with diluted EPS of 0.91 reported for the second quarter, against 0.90 a year earlier.
  • Consensus revenue of USD 2.05 billion compares with total revenues of USD 1,899,679 thousand reported for the second quarter.
  • Gross profit fell USD 18.0 million, or 4.7%, and gross profit as a percentage of sales was 19.0% against 19.7%.
  • The company stated a 2026 U.S. Class 8 share range of 6.1% to 6.5%, or 14,000 to 15,000 trucks.

Rush Enterprises (NASDAQ:RUSHA) reports third-quarter results on Tuesday, Oct. 27, after the market closes. Consensus stands at EPS of 0.64 on revenue of USD 2.05 billion, and the company has a market capitalization of USD 5.62 billion.

Rush Enterprises operates Rush Truck Centers, a network of commercial vehicle dealerships. In the second quarter, it reported total revenues of USD 1,899,679 thousand against USD 1,930,707 thousand and operating income of USD 97,186 thousand against USD 110,206 thousand.

Estimates Against the Last Reported Quarter

The EPS estimate of 0.64 is below the diluted EPS of 0.91 reported for the second quarter, which compared with 0.90 a year earlier. The revenue estimate of USD 2.05 billion is above the USD 1,899,679 thousand reported.

Net income was USD 72,761 thousand against USD 72,438 thousand, and income before taxes was USD 92,277 thousand against USD 97,108 thousand. Interest expense was USD 7,244 thousand against USD 13,091 thousand, and dividends declared were 0.19 per share against 0.18.

Revenue Mix and Gross Profit

Total revenues decreased USD 31.0 million, or 1.6%. Revenues from new and used commercial vehicle sales decreased USD 42.5 million, or 3.6%, which the filing ties primarily to the timing of deliveries and orders from certain larger medium-duty fleet customers.

Aftermarket Products and Services revenues rose USD 9.4 million, or 1.5%, to USD 645,659 thousand, which the filing links to strategic initiatives and improving customer demand. Lease and rental sales were USD 94,847 thousand against USD 93,124 thousand.

Gross profit was USD 361,669 thousand against USD 379,671 thousand. The filing ties the lower gross profit margin primarily to more truck sales to large over-the-road fleet customers and aftermarket sales to its national account business versus small to mid-size customers.

Class 8 Market Statements in the Filing

The filing says the company expects demand for new Class 8 trucks to improve in the second half of the year if freight markets continue to improve and over-the-road customers maintain confidence. It states a U.S. market share range of 6.1% to 6.5% of new Class 8 truck sales in 2026 based on a research firm's forecast, equal to approximately 14,000 to 15,000 trucks.

The company also stated it expects to sell approximately 500 new Class 8 trucks in Canada in 2026.

Total assets were USD 4,659,529 thousand against USD 4,430,536 thousand at the prior year-end, and floor plan notes payable were USD 961,057 thousand against USD 917,955 thousand. The estimates table lists a market capitalization of USD 5.62 billion.

Comparisons to Make in the Report

Diluted EPS against 0.64 and revenue against USD 2.05 billion are the headline comparisons. Other markers are new and used vehicle revenue, aftermarket revenue against USD 645,659 thousand and gross profit as a percentage of sales against 19.0%.