Rush Enterprises Inc. (NASDAQ:RUSHA) 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.

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

The firm has a market capitalization of $932.43 million and a PE ratio of 22.58. The company has a 50-day moving average price of $22.82 and a 200 day moving average price of $20.06.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.27 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.27. The company earned $1.03 billion during the quarter, compared to analyst estimates of $1.10 billion. On average, equities analysts expect that Rush Enterprises Inc. will post $0.91 EPS for the current year.

Several hedge funds have recently bought and sold shares of RUSHA. Westfield Capital Management Co. LP raised 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 in the last quarter. Dimensional Fund Advisors LP raised 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 in the last quarter. Finally, Bank of Montreal Can raised 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 in the last quarter.

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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