Tranche Update on Rush Enterprises, Inc. (NasdaqGS:RUSH.A)'s Equity Buyback Plan announced on December 2, 2022.
December 06, 2023 at 09:09 am EST
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From October 1, 2023 to December 3, 2023, the company has repurchased 899,228 shares, representing 1.12% for $35.14 million. With this, the company has completed the repurchase of 3,234,890 shares, representing 4% for $150 million under the buyback announced on December 2, 2022.
Rush Enterprises, Inc. is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its 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 and Dennis Eagle. Through its network of Rush Truck Centers, the Company provides one-stop service for the needs of its commercial vehicle customers, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products. It operates over 125 franchised Rush Truck Centers in 23 states. It also owns and operates over 14 international dealership locations in Ontario. It provides aftermarket parts, service and body shop operations plus financing, insurance, leasing and rental, and chrome accessories and tires.
RUSH ENTERPRISES, INC. 
