Rush Outperforms as Strong Sales of Heavy-Duty Trucks Continue Into 2019
No-moat Rush Enterprises announced another quarter of exceptional earnings with adjusted EPS of $0.98 beating consensus estimates of $0.82 in the first quarter. Revenue of $1.35 billion missed consensus of $1.40 billion but was up 8.7% year over year. Most notable was the increase in parts and service revenue, which was up 9.5% year over year, suggesting that various technology initiatives are finally yielding positive results despite previous difficulties with enterprise resource planning softw...Rush Enterprises is a retailer of commercial vehicles and related services. The Truck Segment includes the company's operation of network of commercial vehicle dealerships under the name Rush Truck Centers. Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus or Blue Bird. Through its network of Rush Truck Centers, the company provides one-stop service for the needs of its commercial vehicle customers, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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