• LAST PRICE
    56.5800
  • TODAY'S CHANGE (%)
    Trending Down-1.7600 (-3.0168%)
  • Bid / Lots
    45.1100/ 3
  • Ask / Lots
    89.7200/ 1
  • Open / Previous Close
    58.0400 / 58.3400
  • Day Range
    Low 56.3400
    High 59.5600
  • 52 Week Range
    Low 34.9800
    High 60.5500
  • Volume
    666,254
    above average

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  • Yesterday

  • Oct 29, 2024

      Show headlines and story abstract
    • 5:41PM ET on Tuesday Oct 29, 2024 by MT Newswires
      Companies Mentioned: RUSHA
      05:41 PM EDT, 10/29/2024 (MT Newswires) -- ...
    • 5:37PM ET on Tuesday Oct 29, 2024 by Dow Jones
      Companies Mentioned: RUSHA, RUSHB
    • 5:37PM ET on Tuesday Oct 29, 2024 by Dow Jones
      Companies Mentioned: RUSHA, RUSHB

      Management uses "Adjusted Total Debt" to reflect the Company's estimated financial obligations less debt related to lease and rental fleet (L&RFD) and floor plan notes payable (FPNP), and "Adjusted Net (Cash) Debt" to present the amount of Adjusted Total Debt net of cash and cash equivalents on the Company's balance sheet. The FPNP is used to finance the Company's new and used inventory, with its principal balance changing daily as vehicles are purchased and sold and the sale proceeds are used to repay the notes. Consequently, in managing the business, management views the FPNP as interest bearing accounts payable, representing the cost of acquiring the vehicle that is then repaid when the vehicle is sold, as the Company's floor plan credit agreements require it to repay loans used to purchase vehicles when such vehicles are sold. The Company has the capacity to finance all of its lease and rental fleet under its lines of credit established for this purpose, but may choose to only partially finance the lease and rental fleet depending on business conditions and its management of cash and interest expense. The Company's lease and rental fleet inventory are either: (i) leased to customers under long-term lease arrangements; or (ii) to a lesser extent, dedicated to the Company's rental business. In both cases, the lease and rental payments received fully cover the capital costs of the lease and rental fleet (i.e., the interest expense on the borrowings used to acquire the vehicles and the depreciation expense associated with the vehicles), plus a profit margin for the Company. The Company believes excluding the FPNP and L&RFD from the Company's total debt for this purpose provides management with supplemental information regarding the Company's capital structure and leverage profile and assists investors in performing analysis that is consistent with financial models developed by Company management and research analysts. "Adjusted Total Debt" and "Adjusted Net (Cash) Debt" are both non-GAAP financial measures and should be considered in addition to, and not as a substitute for, the Company's debt obligations, as reported in the Company's consolidated balance sheet in accordance with U.S. GAAP. Additionally, these non-GAAP measures may vary among companies and may not be comparable to similarly titled non-GAAP measures used by other companies.

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