Aftermarket

Carvana Brings Same Day Vehicle Delivery to Philadelphia

Retrieved on: 
Wednesday, February 14, 2024

Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today announced its expansion of same day vehicle delivery to the Philadelphia area.

Key Points: 
  • Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today announced its expansion of same day vehicle delivery to the Philadelphia area.
  • Now select Philadelphia area residents can take delivery of their vehicle within hours of placing an order on Carvana.com.
  • View the full release here: https://www.businesswire.com/news/home/20240214210925/en/
    Carvana expands its same day delivery service to Philadelphia.
  • (Photo: Business Wire)
    "After shopping online for a used vehicle, Carvana came through for us," shared Matilde M., a Carvana customer.

Copart, Inc. to Release Second Quarter Fiscal 2024 Results

Retrieved on: 
Tuesday, February 13, 2024

Copart, Inc. (NASDAQ: CPRT) announced today that it will release earnings for the second quarter of fiscal 2024 after 4:00 p.m. Eastern Time (3:00 p.m. Central) on Thursday, February 22, 2024.

Key Points: 
  • Copart, Inc. (NASDAQ: CPRT) announced today that it will release earnings for the second quarter of fiscal 2024 after 4:00 p.m. Eastern Time (3:00 p.m. Central) on Thursday, February 22, 2024.
  • On Thursday, February 22, 2024, at 5:30 p.m. Eastern Time (4:30 p.m. Central), Copart will conduct a conference call to discuss the results for the quarter.
  • The call will be webcast live and available for access by clicking “Listen Here” at www.copart.com/investorrelations .
  • A replay of the call will be available through May 2024 at www.copart.com/investorrelations .

REV Group, Inc. Announces Proposed Secondary Offering of Common Stock and Concurrent Share Repurchase

Retrieved on: 
Tuesday, February 13, 2024

REV Group, Inc. (NYSE:REVG) announced today the commencement of an underwritten public offering of 12,000,000 shares of common stock by certain selling stockholders.

Key Points: 
  • REV Group, Inc. (NYSE:REVG) announced today the commencement of an underwritten public offering of 12,000,000 shares of common stock by certain selling stockholders.
  • In connection with the offering, the selling stockholders intend to grant the underwriters an option to purchase up to 1,800,000 additional shares of common stock from the selling stockholders.
  • REV Group is not selling any shares of common stock in the offering, and REV Group will not receive any proceeds from the offering by the selling stockholders.
  • 333-276009) relating to the shares of common stock of REV Group to be sold in the proposed offering was declared effective by the Securities and Exchange Commission (the “SEC”) on December 19, 2023.

Laser Photonics’ CleanTech Laser Cleaning Systems Streamline Car Restoration

Retrieved on: 
Tuesday, February 13, 2024

Laser Photonics Corporation , a leading global developer of industrial laser systems for laser cleaning and other material applications, highlights a key application for its CleanTech laser systems.

Key Points: 
  • Laser Photonics Corporation , a leading global developer of industrial laser systems for laser cleaning and other material applications, highlights a key application for its CleanTech laser systems.
  • Laser cleaning can increase the quality and accuracy of rust cleaning during restoration.
  • Another application for CleanTech laser systems during car restoration is surface preparation, which plays a vital role in the automotive painting process.
  • For more information about the CleanTech line of laser cleaning systems, please visit https://www.laserphotonics.com or contact our sales department at [email protected] .

LCI Industries Reports Fourth Quarter and Full Year Financial Results

Retrieved on: 
Tuesday, February 13, 2024

Consolidated net sales for the fourth quarter of 2023 were $837.5 million, a decrease of 6% from 2022 fourth quarter net sales of $894.3 million.

Key Points: 
  • Consolidated net sales for the fourth quarter of 2023 were $837.5 million, a decrease of 6% from 2022 fourth quarter net sales of $894.3 million.
  • Net loss in the fourth quarter of 2023 was $2.4 million, or $(0.09) per diluted share, compared to a net loss of $17.1 million, or $(0.68) per diluted share, in the fourth quarter of 2022.
  • EBITDA in the fourth quarter of 2023 was $35.6 million, compared to EBITDA of $10.2 million in the fourth quarter of 2022.
  • Fourth quarter and full year 2023 rates both benefited from a reduction in the effective state tax rate compared to fourth quarter and full year 2022.

Cummins Elects John H. Stone to its Board of Directors

Retrieved on: 
Monday, February 12, 2024

Today, Cummins Inc. (NYSE: CMI) announced the election of John H. Stone to its Board of Directors.

Key Points: 
  • Today, Cummins Inc. (NYSE: CMI) announced the election of John H. Stone to its Board of Directors.
  • This press release features multimedia.
  • Prior to working at Allegion, Stone had a 20-year career at Deere & Company, where he rose to the role of President of the Worldwide Construction, Forestry and Power Systems business.
  • Other highlights from Stone’s diverse career include roles in Six Sigma and Quality at General Electric and service as an infantry officer in the United States (U.S.) Army.

REPLY: Concept Reply's Test Automation Framework Innovates the Monitoring of Electric Vehicle (EV) Charging Stations Through Artificial Intelligence and Machine Learning

Retrieved on: 
Monday, February 12, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240212429452/en/
    Reply's Global Test Automation Center is reshaping the landscape of EV charging testing with its end-to-end Test Automation Framework.
  • Implemented at the Global Test Automation Center, Reply's laboratory specialising in the automation of product and service tests, the new Test Automation Framework for charging systems provides 360-degree monitoring of all touchpoints connected to the charging station.
  • (Photo: Business Wire)
    Implemented at the Global Test Automation Center , Reply's laboratory specialising in the automation of product and service tests, the new Test Automation Framework for charging systems provides 360-degree monitoring of all touchpoints connected to the charging station.
  • To learn more about Test Automation Framework for Charging System Validation and Reply's quality engineering expertise, visit www.reply.com/en/quality-engineering .

Motorcar Parts of America Reports Results for Fiscal Third Quarter and Nine Months

Retrieved on: 
Friday, February 9, 2024

Net sales for the fiscal 2024 third quarter increased 13.2 percent to $171.9 million from $151.8 million in the prior year.

Key Points: 
  • Net sales for the fiscal 2024 third quarter increased 13.2 percent to $171.9 million from $151.8 million in the prior year.
  • Gross profit for the fiscal 2024 third quarter increased 43.1 percent to $30.0 million from $21.0 million a year earlier.
  • Gross margin for the fiscal 2024 third quarter was 17.5 percent compared with 13.8 percent a year earlier.
  • Operating income for the fiscal 2024 third quarter increased 170.1 percent to $9.5 million from $3.5 million in the prior year.

Mister Car Wash Announces Appointment of Atif Rafiq to Board of Directors

Retrieved on: 
Friday, February 9, 2024

Mister Car Wash, Inc. (the "Company") (NYSE: MCW), the nation's largest car wash company, is pleased to announce the appointment of Atif Rafiq to its Board of Directors, effective February 8, 2024.

Key Points: 
  • Mister Car Wash, Inc. (the "Company") (NYSE: MCW), the nation's largest car wash company, is pleased to announce the appointment of Atif Rafiq to its Board of Directors, effective February 8, 2024.
  • Mr. Rafiq will serve as a nomination and corporate governance committee member.
  • I'm looking forward to rolling up my sleeves and helping the management team continue their upward trajectory," said Mr. Rafiq.
  • His appointment reflects Mister Car Wash's dedication to fostering a dynamic leadership team equipped to navigate the evolving landscape of the car wash industry and drive sustainable growth.

Mitsui Chemicals Group and ARRK Thailand to Organize the First MotionTech 2024 Exhibition

Retrieved on: 
Friday, February 9, 2024

Mitsui Chemicals Asia Pacific (MCAP) – The Mitsui Chemicals Group and ARRK Thailand will jointly organize a public exhibition in Bangkok, Thailand, that showcases the various materials and technology for future mobility, developed by Mitsui Chemicals Group and ARRK Group.

Key Points: 
  • Mitsui Chemicals Asia Pacific (MCAP) – The Mitsui Chemicals Group and ARRK Thailand will jointly organize a public exhibition in Bangkok, Thailand, that showcases the various materials and technology for future mobility, developed by Mitsui Chemicals Group and ARRK Group.
  • The exhibition, MotionTech 2024, will be the first exhibition of such nature by both organizations.
  • Various touch-and-feel exhibits for different materials produced by Mitsui Chemicals Group will also be available.
  • This event is proudly coordinated by Mitsui Chemicals Asia Pacific, Mitsui Chemicals (Thailand), and ARRK Thailand.