RUSHA · CIK 1012019
What Rush Enterprises, Inc. told the SEC could break it.
1 self-disclosed vulnerability, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far, we surface every cited disclosure we’ve extracted for RUSHA. More may follow as additional filings are processed.
In its own words
What could break it.
Regulatory & policy
- Newly enacted 25% 'Commercial Vehicle Tariffs' on medium/heavy-duty trucks & parts could raise prices and cancel backlogmedium
Rush sells new commercial vehicles (55.7% of revenue) and aftermarket parts (33.9%), so a recently enacted 25% tariff on certain medium- and heavy-duty commercial vehicles and parts (the 'Commercial Vehicle Tariffs') directly threatens the cost of the trucks and parts it sells. The company warns that if these tariffs significantly increase the aggregate price customers pay, orders currently in its backlog could be cancelled — though it expects price increases to be well below the 25% rate and currently does not expect a significant backlog impact. Trade-policy and engine-emissions uncertainty already contributed to weak 2025 Class 8 demand alongside the freight recession.
“Given the current uncertainty in connection with recently enacted 25% tariff on certain medium– and heavy– duty commercial vehicles and parts (the “Commercial Vehicle Tariffs”), we believe that certain commercial vehicle orders currently reflected in our backlog could be cancelled in the event that such tariffs significantly increase the aggregate price that our customers will have to pay for such vehicles.”
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its suppliers
“We own 50% of the equity interest in Cummins Clean Fuel Technologies, which manufacturers compressed natural gas fuel systems and related component parts for commercial vehicles at its facility in Roanoke, Texas. The remaining 50% equity interest is owned by a subsidiary of Cummins, Inc.”
Cited →“Since commencing operations as a Peterbilt heavy-duty truck dealer in 1966, we have grown to operate 126 franchised Rush Truck Centers in 23 states.”
Cited →International (Navistar)
“Sales of new International commercial vehicles accounted for approximately 14.7% of our total revenues for 2025.”
Cited →
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