Rush Enterprises Plans $100M Stock Buyback

Rush Enterprises Inc RUSHA announced that its Board of Directors approved a new stock repurchase program up to an aggregate of $100 million of its shares.
The new stock repurchase program replaces the prior $100 million stock repurchase program.
As of November 29, 2021, the company had repurchased $30.7 million worth of shares of its common stock under the prior program.
The new stock repurchase program expires on December 31, 2022.
Rush held $259.7 million in cash and equivalents as of September 30, 2021.
Price Action: RUSHA shares closed lower by 3.39% at $50.96 on Tuesday.