SAN ANTONIO, March 14, 2018 (GLOBE NEWSWIRE) -- Rush Enterprises, Inc. (Nasdaq:RUSHA) (Nasdaq:RUSHB), which
operates the largest network of commercial vehicle dealerships in North America, today announced that its Board of Directors
approved an increase of $35 million to its existing stock repurchase program authorizing the Company to repurchase, from time to
time, up to an aggregate of $75 million of its shares of Class A common stock, $.01 par value per share, and/or Class B common
stock, $.01 par value per share. This increase follows the Company nearing the original authorization limit of $40 million. “We see
further opportunities to enhance shareholder value through this $35 million increase to our stock repurchase program, which
reflects our continued confidence in the Company’s strategic plan and future growth opportunities,” said W.M. “Rusty” Rush,
Chairman, Chief Executive Officer and President of the Company.
Repurchases will be made at times and in amounts as the Company deems appropriate and may be made through open market
transactions at prevailing market prices, privately negotiated transactions or by other means in accordance with federal securities
laws. The actual timing, number and value of repurchases under the new stock repurchase program will be determined by management in
its discretion and will depend on a number of factors, including market conditions, stock price and other factors, including those
related to the ownership requirements of its dealership agreements with Peterbilt. The stock repurchase program expires on November
29, 2018, and may be suspended or discontinued at any time.
About Rush Enterprises, Inc.
Rush Enterprises, Inc. is the premier solutions provider to the commercial vehicle industry. The Company owns and operates Rush
Truck Centers, the largest network of commercial vehicle dealerships in the United States. These vehicle centers, strategically
located in high traffic areas on or near major highways throughout the United States, represent truck and bus manufacturers,
including Peterbilt, International, Hino, Isuzu, Ford, IC Bus and Blue Bird. They offer an integrated approach to meeting
customer needs — from sales of new and used vehicles to aftermarket parts, service and body shop operations plus financing,
insurance, leasing and rental. Rush Enterprises' operations also provide vehicle up-fitting, CNG fuel systems and vehicle
telematics products. For more information, please visit www.rushenterprises.com.
Contact:
Rush Enterprises, Inc., San Antonio
Steven L. Keller, 830-302-5226
kellers@rushenterprises.com
