Rush Enterprises (NASDAQ:RUSHA) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Technical breakout: Rush Enterprises shares crossed above their 200‑day moving average, trading as high as $71.01 and last at $69.96 versus the 200‑day MA of $59.44.
• Mixed analyst sentiment — two Buy and two Hold ratings yield an average rating of "Moderate Buy" with an average price target of $76.50 (individual targets range from $73 to $80).
• Fundamentals and activity: The company beat quarterly estimates (EPS $0.81 vs. $0.69; revenue $1.77B vs. $1.72B), declared a $0.19 quarterly dividend (≈1.1% yield), and insiders sold about 33,750 shares (~$2.35M) over the past three months.

Rush Enterprises, Inc. (NASDAQ:RUSHA - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $59.44 and traded as high as $71.01. Rush Enterprises shares last traded at $69.96, with a volume of 309,364 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RUSHA shares. UBS Group restated a "neutral" rating and issued a $73.00 price target (up from $70.00) on shares of Rush Enterprises in a research note on Wednesday, February 18th. Weiss Ratings upgraded shares of Rush Enterprises from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, March 25th. Wall Street Zen lowered shares of Rush Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, March 28th. Finally, Stephens restated an "overweight" rating and issued a $80.00 price target (up from $55.00) on shares of Rush Enterprises in a research note on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $76.50.

Rush Enterprises Trading Down 1.8%

The company has a market cap of $5.38 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.41 and a beta of 0.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.40 and a quick ratio of 0.37. The firm's fifty day moving average price is $68.55 and its 200-day moving average price is $59.44.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. Rush Enterprises had a net margin of 3.55% and a return on equity of 11.96%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.72 billion. On average, equities analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Tuesday, March 3rd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a $0.76 annualized dividend and a dividend yield of 1.1%. Rush Enterprises's payout ratio is 23.24%.

Insider Activity at Rush Enterprises

In related news, Director Michael Mcroberts sold 8,000 shares of the company's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $70.81, for a total value of $566,480.00. Following the completion of the sale, the director owned 16,229 shares of the company's stock, valued at $1,149,175.49. This represents a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Raymond Joseph Chess sold 10,000 shares of the company's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $65.05, for a total transaction of $650,500.00. Following the completion of the sale, the director directly owned 41,170 shares of the company's stock, valued at $2,678,108.50. The trade was a 19.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 33,750 shares of company stock worth $2,349,450. 12.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rush Enterprises

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its holdings in Rush Enterprises by 250.0% in the third quarter. Farther Finance Advisors LLC now owns 511 shares of the company's stock worth $27,000 after purchasing an additional 365 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in Rush Enterprises by 495.4% in the third quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company's stock worth $28,000 after purchasing an additional 431 shares during the period. Private Trust Co. NA lifted its holdings in Rush Enterprises by 211.4% in the fourth quarter. Private Trust Co. NA now owns 545 shares of the company's stock worth $29,000 after purchasing an additional 370 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in Rush Enterprises in the third quarter worth about $34,000. Finally, Allworth Financial LP lifted its holdings in Rush Enterprises by 5,790.9% in the third quarter. Allworth Financial LP now owns 648 shares of the company's stock worth $35,000 after purchasing an additional 637 shares during the period. Institutional investors and hedge funds own 84.43% of the company's stock.

About Rush Enterprises

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.

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