Rush Enterprises
{{Short description|American automotive company}}
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{{Infobox company
| name = Rush Enterprises
| logo = Rush Enterprises logo.svg
| type = Public
| traded_as = {{NASDAQ|RUSHA}} (Class A)
{{NASDAQ|RUSHB}} (Class B)
Russell 2000 Component (RUSHA, RUSHB)
S&P 600 Component (RUSHA)
| industry = Automotive, Truck Dealerships
| foundation = 1965
| founder = W. Marvin Rush
| location = New Braunfels, TX, USA
| locations =
| area_served = USA and Canada
| key_people = W.M. "Rusty" Rush-President
James C. Underwood-Director
Thomas A. Akin-Director
Raymond J. Chess-Director
Dr. Kennon Guglielmo-Director
William H. Cary-Director
| products = Trucks
| services =
| revenue = {{increase}} US$ 4.727 billion (2017) {{cite web | url=http://investor.rushenterprises.com/news-releases/news-release-details/rush-enterprises-inc-reports-fourth-quarter-and-year-end-2017 |title=Rush Enterprises, Inc. Reports Fourth Quarter and Year-End 2017 Results |website=rushenterprises.com}}
| operating_income = {{increase}} $ 172.1 million (2017)
| net_income = {{increase}} $ 105.8 million (2017)
| assets = {{increase}} $ 2.890 billion (2017)
| equity = {{increase}} $ 1.040 billion (2017)
| num_employees = 7,244{{Cite web|url=https://fortune.com/company/rush-enterprises/fortune500/|title=Rush Enterprises|website=Fortune|access-date=2020-06-16}}
| num_employees_year = 2017
| parent =
| divisions =
| subsid =
| homepage = [http://www.rushenterprises.com/ rushenterprises.com]
| slogan =
}}
Rush Enterprises is an American commercial vehicle dealership headquartered in New Braunfels, Texas. It primarily sells new and used trucks, through its Rush Truck Centers. In 2019, the company operated over 200 Rush Truck Centers in 20 U.S. states as well as 14 locations in Canada. As of 2020, it was a Fortune 500 corporation.
Rush Truck Centers operates the largest network of commercial vehicle dealerships in the United States, with more than 200 locations in 22 states;{{cite web|url=https://www.rushenterprises.com/our-businesses|title=Rush Business Information|website=Rush Enterprises|access-date=2020-06-16}} as of 2019 the company became international after opening 14 locations in Canada.{{cite web|url=https://investor.rushenterprises.com/news-releases/news-release-details/rush-enterprises-completes-investment-rush-truck-centres-canada|title=INVESTMENT IN RUSH TRUCK CENTRES OF CANADA|website=Rush Enterprises|access-date=2020-06-16}} They represent truck and bus manufacturers, including Peterbilt, International, Hino, Isuzu, Ford, IC Bus and Blue Bird.
History
The company was founded in 1965 by W. Marvin Rush, who remained chairman of the board until 2013, when he was succeeded by his son W.M. "Rusty" Rush.{{cite web | url=http://www.mysanantonio.com/business/local/article/W-Marvin-Rush-retires-as-Rush-Enterprises-4532349.php | title=W. Marvin Rush retires as Rush Enterprises chairman | publisher=MySA | date=20 May 2013 | accessdate=22 April 2015 | author=Hendricks, David}} The company began as a dealership for Peterbilt trucks, but expanded greatly in the intervening years through acquisition of dealerships.
Major acquisitions include:
- Heavy truck business from Asbury Automotive Group in 2010.{{cite news | url=https://www.bloomberg.com/news/articles/2010-12-02/asbury-automotive-group-sells-heavy-truck-business-to-rush-enterprises | title=Asbury Sells Heavy Truck Business to Rush Enterprises | work=BloombergBusiness | date=2 December 2010 | accessdate=22 April 2015}}
Acquisitions
{{unreferenced section|date=August 2021}}
| class="wikitable"
|30-Sep-13 |Transauthority |
| 28-Oct-13
|Prairie International Trucks |
| 1-Jul-14
|Truck Parts Depot |
| 3-Nov-14
|House of Trucks |
| 8-Dec-14
|North Florida Truck Parts |
| 9-Feb-15
|Effingham Truck Sales |
| 4-May-15
|Yancey Truck Centers |
| 27-Jul-15
|Dallas Truck Center |
| 28-Sep-15
|Peterbilt of Las Vegas |
| 27-May-16
|Transwest Truck Center Las Vegas |
| 13-Dec-22
|Summit Truck Group |