Rush Enterprises, Inc. (NasdaqGS:RUSH.B) announces a share repurchase program. Under the program the company will repurchase $40 million of its shares of Class A common stock and/or Class B common stock. Repurchases and will be made through open market transactions, privately negotiated transactions and other lawful means at the company's discretion.

The manner, timing and amount of any repurchases will be determined by the company based on an evaluation of market conditions, stock price and other factors, including those related to the ownership requirements of its dealership agreements with Peterbilt. Repurchase of common stock represents an attractive opportunity to benefit the long-term interests of the company and its shareholders. The repurchase program reflects the company's confidence in its future growth and commitment to return capital to its shareholders.

While the stock repurchase program does not obligate the company to acquire any particular amount or class of common stock, the company anticipates that it will be repurchasing primarily shares of its Class B common stock. The stock repurchase program expires on February 3, 2016, and may be suspended or discontinued at any time.