Rush Enterprises Inc. (NASDAQ:RUSHA) shares gapped up before the market opened on Tuesday . The stock had previously closed at $23.13, but opened at $23.35. Rush Enterprises shares last traded at $23.75, with a volume of 24,438 shares traded.

A number of research analysts have issued reports on the stock. Bank of America Corp. upgraded shares of Rush Enterprises from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 10th. Zacks Investment Research upgraded shares of Rush Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, May 24th. Longbow Research downgraded shares of Rush Enterprises from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 1st. Stephens downgraded shares of Rush Enterprises from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 15th. Finally, BMO Capital Markets upped their target price on shares of Rush Enterprises from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, August 1st. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Rush Enterprises has a consensus rating of “Hold” and a consensus target price of $19.67.

The firm has a 50-day moving average of $22.75 and a 200 day moving average of $20.04. The firm has a market capitalization of $939.57 million and a P/E ratio of 22.76.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.27 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.10 billion. Equities analysts predict that Rush Enterprises Inc. will post $0.91 earnings per share for the current fiscal year.

Other hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Rush Enterprises by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,573,485 shares of the company’s stock valued at $56,334,000 after buying an additional 8,000 shares during the period. Westfield Capital Management Co. LP boosted its stake in Rush Enterprises by 70.5% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,629,607 shares of the company’s stock valued at $35,672,000 after buying an additional 673,598 shares during the period. Finally, Bank of Montreal Can boosted its stake in Rush Enterprises by 11.0% in the fourth quarter. Bank of Montreal Can now owns 91,264 shares of the company’s stock valued at $1,998,000 after buying an additional 9,047 shares during the period.

Rush Enterprises, Inc is a retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. The Company, through its Rush Truck Centers, offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.

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