Aftermarket

Holley Reports Fourth Quarter and Full Year 2023 Results; Early Stages of Transformation Yielding Positive Year-Over-Year Improvement in Q4 Profitability

Retrieved on: 
Wednesday, February 28, 2024
Other Transport, Other Manufacturing, Aftermarket, Automotive, General Automotive, Transport, Automotive Manufacturing, Manufacturing, Other Automotive, CFO, Marketing, Culture, Growth, SKU, Inc., Traction

Holley Inc. (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced financial results for its fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Holley Inc. (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced financial results for its fourth quarter and full year ended December 31, 2023.
  • "In 2023, Holley achieved many accomplishments as we focused on fueling our teammates, supercharging our customers, and accelerating profitable growth," said Matthew Stevenson, President and Chief Executive Officer of Holley.
  • "We are in the early stages of an organizational transformation, and I am encouraged by the progress we made in 2023 to position ourselves for long-term success.
  • We made significant strides in streamlining our organization and directing our sales, marketing, and R&D efforts towards high-impact areas.

Carvana Expands West Coast Footprint with Newest Car Vending Machine in San Diego

Retrieved on: 
Wednesday, February 28, 2024
Technology, Aftermarket, Automotive, Electronic Commerce, Specialty, Internet, Retail, Fleet Management, Online Retail, Multimedia, Heart

Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today debuted its newest Car Vending Machine in San Diego, California.

Key Points: 
  • Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today debuted its newest Car Vending Machine in San Diego, California.
  • View the full release here: https://www.businesswire.com/news/home/20240228663998/en/
    Carvana Opens 39th Iconic Vending Machine in Mission Valley (Photo: Business Wire)
    Now, local Carvana customers can enjoy the convenience and fun of picking up their vehicle at the San Diego Car Vending Machine or having it delivered to their home.
  • When customers opt for a Car Vending Machine experience, they select and purchase a vehicle from Carvana.com and schedule a time for pick up.
  • “We first brought the Car Vending Machine experience to the San Diego area in 2022 with our Escondido location, and we’ve been looking forward to expanding our local presence ever since,” said Mike Fryer, Carvana Market Operations Manager.

Advance Auto Parts Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024
Online Retail, Aftermarket, Retail, Automotive, Other Automotive, General Automotive, Specialty, Net, Form 10-K, Security (finance), O'Reilly Auto Parts, Growth, Comparable, AAP

Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the fourth quarter and full year ended December 30, 2023.

Key Points: 
  • Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the fourth quarter and full year ended December 30, 2023.
  • Comparable store sales for the fourth quarter 2023 decreased 1.4%.
  • The company's SG&A was $999.4 million in the fourth quarter, or 40.6% of Net sales compared with 38.8% for the prior year quarter.
  • The company's fourth quarter Operating loss was $48.6 million, or (2.0)% of Net sales compared with the fourth quarter of the prior year Operating income of $119.3 million or 4.8% of Net sales.

U.S. Autoforce Embarks on Supply Chain Transformation with Logility

Retrieved on: 
Monday, February 26, 2024
Software, Aftermarket, Automotive, Artificial Intelligence, Technology, Tires & Rubber, Logistics, Supply Chain Management, Transport, Database, Growth, CPIM, Pressure, Demand optimization

U.S. Autoforce, an industry leader in automotive service parts, selects the AI-first Logility® Digital Supply Chain Platform, to support exponential business growth.

Key Points: 
  • U.S. Autoforce, an industry leader in automotive service parts, selects the AI-first Logility® Digital Supply Chain Platform, to support exponential business growth.
  • Looking to enhance their entire supply chain strategy, they have invested in multiple Logility solutions including Demand Optimization, Inventory Planning, Replenishment Planning, Supply Planning Rebalancing, and Network Optimization.
  • U.S. Autoforce is experiencing significant business growth, expanding to over 2.5 million database records and 65 locations across the United States.
  • Within just a few weeks of Go-Live, Adam Verbruggen, CPIM, Director, Inventory Management for U.S. Autoforce is already seeing results from the Logility implementation.

ID AUTO (f/k/a PARTS iD) Strengthens its Balance Sheet with Overwhelming Support from its Partners

Retrieved on: 
Wednesday, February 28, 2024
Aftermarket, Automotive, Other Automotive, General Automotive, Technology, Electronic Commerce, Fleet Management, Sidley Austin, Plan, DLA Piper, ICR, Growth, ID, LLP

The Plan has received overwhelming support from the Company’s creditors and key constituents.

Key Points: 
  • The Plan has received overwhelming support from the Company’s creditors and key constituents.
  • Stakeholders representing over 99% of the voting classes’ claims voted in favor of the Plan.
  • The Company emerges from this process with a significantly strengthened balance sheet and new ownership.
  • The Plan and its related transactions position the Company for growth and long-term success with significant support from its suppliers and investors.

YANGWANG Launched the U9, Priced at 1.68 Million RMB

Retrieved on: 
Monday, February 26, 2024
Alternative Vehicles, Fuels, Technology, EV, Electric Vehicles, Aftermarket, Automotive, General Automotive, Automotive Manufacturing, Manufacturing, Batteries, Performance & Special Interest, Carbon, U9, Multimedia, E4, CTB, BYD, Cabin, Super, Safety, Acceleration, Blade battery, Music, Ultra

BYD, the world’s leading manufacturer of new energy vehicles and power battery, proudly unveils the first pure electric supercar model U9 under its high-end sub-brand, YANGWANG, priced at 1.68 million RMB, and announced the delivery will start in this summer.

Key Points: 
  • BYD, the world’s leading manufacturer of new energy vehicles and power battery, proudly unveils the first pure electric supercar model U9 under its high-end sub-brand, YANGWANG, priced at 1.68 million RMB, and announced the delivery will start in this summer.
  • The YANGWANG U9 packs a whopping 1,300 horsepower and a maximum torque of 1680N·m.
  • Additionally, YANGWANG U9 is equipped with 12 sets of active and passive aerodynamic packages to reduce drag coefficient and enhance heat dissipation efficiency.
  • The YANGWANG U9 boasts the Super Carbon-fiber Cabin, a structure made of different materials, and the next-generation CTB technology.

Graham Holdings Company Declares Regular Quarterly Dividend

Retrieved on: 
Friday, February 23, 2024
Other Retail, Aftermarket, Automotive, Other Education, Specialty, General Automotive, Education, Retail, Holding company, Graham Holdings

Graham Holdings Company (NYSE: GHC) today declared a regular quarterly dividend of $1.72 per share, payable on May 9, 2024, to shareholders of record on April 18, 2024.

Key Points: 

Graham Holdings Company (NYSE: GHC) today declared a regular quarterly dividend of $1.72 per share, payable on May 9, 2024, to shareholders of record on April 18, 2024.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240223052636/en/

Copart Reports Second Quarter Fiscal 2024 Financial Results

Retrieved on: 
Thursday, February 22, 2024
Technology, Aftermarket, Automotive, General Automotive, Electronic Commerce, Internet, Retail, Fleet Management, Online Retail, CPRT, Music

Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended January 31, 2024.

Key Points: 
  • Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended January 31, 2024.
  • For the three months ended January 31, 2024, revenue, gross profit, and net income attributable to Copart Inc. were $1.02 billion, $464.2 million, and $325.6 million, respectively.
  • For the six months ended January 31, 2024, revenue, gross profit, and net income attributable to Copart Inc. were $2.04 billion, $928.2 million, and $658.2 million, respectively.
  • On Thursday, February 22, 2024, at 5:30 p.m. Eastern Time (4:30 p.m. Central Time), Copart will conduct a conference call to discuss the results for the quarter.

Vroom to Release Fourth Quarter and Fiscal Year 2023 Earnings on March 13, 2024

Retrieved on: 
Thursday, February 22, 2024
Aftermarket, Banking, Automotive, Technology, Professional Services, Electronic Commerce, Other Automotive, General Automotive, Data Analytics, Artificial Intelligence, Finance, VRM

Vroom, Inc. (Nasdaq: VRM) today announced that it will release its financial results for the fourth quarter and fiscal year ended December 31, 2023 after the market closes on Wednesday, March 13, 2024.

Key Points: 

Vroom, Inc. (Nasdaq: VRM) today announced that it will release its financial results for the fourth quarter and fiscal year ended December 31, 2023 after the market closes on Wednesday, March 13, 2024.