Benzinga | Dec 8, 2020 04:06PM EST

Rush Enterprises Announces $100M Buyback

SAN ANTONIO, Texas, Dec. 08, 2020 (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 a new stock repurchase program authorizing the Company to repurchase, from time to time, up to an aggregate of $100 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. The Company also announced a $500 holiday appreciation gift to employees to be paid on December 15.