SCHEDULE: FMR LLC & Abigail Johnson Maintain 10.7% Rush Enterprises Stake

FMR LLC and Abigail P. Johnson have disclosed a beneficial ownership of 10.7% of Rush Enterprises Inc.'s Class A Common Stock as of November 28, 2025.

Summary

• FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 6,512,774.77 shares of Rush Enterprises Inc. Class A Common Stock.
• This ownership represents 10.7% of the outstanding Class A Common Stock.
• The filing is an Amendment No. 5 to Schedule 13G, indicating an update to their previously reported ownership.
• FMR LLC holds sole voting power over 6,509,942.00 shares and sole dispositive power over 6,512,774.77 shares.
• Abigail P. Johnson, as a control person of FMR LLC, is deemed to beneficially own the same aggregate amount of shares with sole dispositive power.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: The filing indicates a significant, stable institutional ownership stake, which is generally a neutral to slightly positive signal for the company, suggesting continued confidence from a major investor. No negative or highly positive operational news is present.

Positives

• A significant institutional investor, FMR LLC, maintains a substantial stake (10.7%) in Rush Enterprises Inc., indicating continued confidence in the company.
• The filing states the shares are held in the ordinary course of business, suggesting a long-term investment perspective rather than an activist stance.

Risks

• No specific risks related to Rush Enterprises Inc. are disclosed in this Schedule 13G filing, as it primarily concerns beneficial ownership.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Rush Enterprises Inc.'s future outlook.

Industry Context

This filing reflects a significant ownership stake by a major asset manager in the commercial vehicle dealership industry, indicating continued institutional interest in the sector. It does not provide broader industry trend analysis.

Stakeholder Impact

• Shareholders: The continued significant stake by a major institutional investor like FMR LLC may provide a level of stability and confidence, potentially reducing volatility.
• Management: Management of Rush Enterprises Inc. will be aware of a large, stable institutional holder, which can influence strategic decisions, though the filing explicitly states no intent to influence control.

Next Steps

• FMR LLC and Abigail P. Johnson will file future amendments to Schedule 13G if their beneficial ownership of Rush Enterprises Inc. Class A Common Stock changes significantly (e.g., by 1% or more).

Key Dates

Recommendation

This Schedule 13G filing primarily discloses a significant, stable beneficial ownership stake by FMR LLC and Abigail P. Johnson in Rush Enterprises Inc. at 10.7%. The filing explicitly states the shares are held in the ordinary course of business and not for the purpose of influencing control. As such, it provides no new fundamental information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The continued institutional holding suggests a baseline level of confidence, supporting a 'hold' recommendation for existing investors, while new investors would need to conduct further due diligence on the company's fundamentals.

Keywords

Rush Enterprises Inc., RUSH, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, SEC Filing, Equity Stake