Rush Enterprises: Looks Undervalued Based On Normalized Free Cash Flow [Seeking Alpha]
Rush Enterprises, Inc. - Class A (RUSHA)
Last rush enterprises, inc. - class a earnings: 4/22 05:43 pm
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US:NASDAQ Investor Relations:
investor.rushenterprises.com/investor-relations
Company Research
Source: Seeking Alpha
I expect this to continue, as the factors that allowed this to happen will not disappear anytime soon. Investors should consider normalized cycle FCF when looking at Rush. Only looking at a single year of FCF would give an inaccurate picture of the company's true earnings power. I estimate RUSHA is trading around 12x normalized earnings for this cycle. Using a 15-20x multiple, I see a case for the stock to trade between $60 and $80. Business Overview In my opinion, Rush Enterprises, Inc. ( NASDAQ: RUSHA ) doesn't get enough praise or attention from investors. This is a business that has been around since the 60s, has been public since 1996 and over the last 20 or so years, the stock has had a CAGR of 15-20% depending on entry point. Impressively, the company hasn't shifted its business model much in the decades since being publicly traded. The high level business overview in the 1997 annual report is almost identical to that from the most recent 2023 annual report. From the
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RUSHA
News
- Rush Enterprises, Inc. (NASDAQ:RUSHA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Rush Enterprises First Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Rush Enterprises, Inc. (NASDAQ: RUSHA) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $60.00 price target on the stock.MarketBeat
- Rush Enterprises, Inc. Reports First Quarter 2024 Results, Announces $0.17 Per Share Dividend [Yahoo! Finance]Yahoo! Finance
- Rush Enterprises, Inc. Reports First Quarter 2024 Results, Announces $0.17 Per Share DividendGlobeNewswire
RUSHA
Earnings
- 4/23/24 - Miss
RUSHA
Sec Filings
- 4/24/24 - Form 8-K
- 4/15/24 - Form 8-K
- 4/9/24 - Form ARS
- RUSHA's page on the SEC website