Rush Enterprises Inc. Class B (RUSHB)

FairStock Score: 40/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Rush Enterprises as a cyclical commercial-vehicle distributor with a real but narrow moat: its Rush Truck Centers network and authorized dealer relationships create related-service revenue that can repeat even when new truck sales slow. The financials, however, show a cyclical downturn. Filed figures show revenue falling from $7.6B in FY2023 to $7.4B in FY2024 and $7.1B in FY2025, while net income fell from $347.1M to $304.2M and then $263.8M, and diluted EPS from $4.15 to $3.72 and then $3.27. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $1.8B, net income $72.8M, and diluted EPS $0.91. The balance sheet is not stretched at D/E 0.63, and trailing free cash flow was $348.4M, a 7.6% FCF yield. But returns are only moderate: ROE 11.79% and ROCE 4.95%. At the 2026-10-13 close of $57.43, FairStock's P/E is 25.99, P/B 2.87, PEG 57.76, and EV/EBITDA 9.26. The Graham Number is $31.54, meaning the price is about 82% above that conservative value estimate. FairStock calls it a stalwart based on five-year profit growth of 13.3% and revenue growth of 4.9%, but the recent filed trend is negative. I see a decent business with cash generation, but the price already assumes a recovery that the last three fiscal years have not delivered.

In plain English: Rush Enterprises sells and services large commercial trucks through Rush Truck Centers in the United States and Canada. The business still makes money and produces cash, but revenue and profits have slipped from 2023 to 2025 and recent growth is roughly flat. At the recent price, the shares look expensive compared with the company's earnings and a conservative value estimate.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer