General Automotive

Advance Auto Parts to Report First Quarter 2021 Earnings on June 2, 2021

Thursday, May 13, 2021 - 9:30pm

b'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, will report its first quarter 2021 results before the market opens on Wednesday, June 2, 2021.

Key Points: 
  • b'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, will report its first quarter 2021 results before the market opens on Wednesday, June 2, 2021.
  • Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Wednesday, June 2, 2021.
  • A replay of the conference call will be available on the Advance website for one year.\nAdvance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers.
  • As of January 2, 2021, Advance operated 4,806 stores and 170 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands.

HyreCar Announces Record First Quarter 2021 Financial Results

Thursday, May 13, 2021 - 9:01pm

See the reconciliations of these measures to their respective most directly comparable GAAP measure below in this press release.\nTotal revenue in the first quarter of 2021, increased 29% to a record $7.4 million, compared to $5.8 million, in the first quarter of 2020.

Key Points: 
  • See the reconciliations of these measures to their respective most directly comparable GAAP measure below in this press release.\nTotal revenue in the first quarter of 2021, increased 29% to a record $7.4 million, compared to $5.8 million, in the first quarter of 2020.
  • Revenue growth in the first quarter was primarily driven by rental days increasing 31% to approximately 300,000 in the first quarter March 31, 2021.\nGross profit for the first quarter of 2021 was $2.7 million, increasing from $2.2 million in the same period last year.
  • Adjusted net loss for the first quarter, after excluding certain non-cash stock-based compensation, depreciation and amortization, was $3.4 million, or $(0.16) per share.
  • HYRE uses the non-GAAP financial measures in evaluating its operating results and for financial and operational decision-making purposes.\nThe accompanying tables provide more detail on the GAAP financial measures that are most directly comparable to the non-GAAP financial measures described above and the related reconciliations between these financial measures.

Aeva Reports First Quarter 2021 Results

Thursday, May 13, 2021 - 9:05pm

However, we do not expect the financial information presented in this press release to change.\nThe company will host a conference call and live webcast to discuss results at 2:00 p.m. PT / 5:00 p.m.

Key Points: 
  • However, we do not expect the financial information presented in this press release to change.\nThe company will host a conference call and live webcast to discuss results at 2:00 p.m. PT / 5:00 p.m.
  • Aeva is backed by Porsche SE, Adage Capital, Lux Capital and Canaan Partners, amongst others.
  • These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.
  • Aeva does not give any assurance that it will achieve its expectations.\n'

Antenna Bolsters Mobility Practice With Katelyn Davis, Expands Into Detroit

Thursday, May 13, 2021 - 7:01pm

b'Antenna Group, an award-winning integrated public relations and digital marketing agency specializing in cleantech, mobility, real estate, health and emerging B2B technology, has appointed automotive industry veteran Katelyn Davis as Director of Mobility.

Key Points: 
  • b'Antenna Group, an award-winning integrated public relations and digital marketing agency specializing in cleantech, mobility, real estate, health and emerging B2B technology, has appointed automotive industry veteran Katelyn Davis as Director of Mobility.
  • Davis will drive the firm\xe2\x80\x99s rapidly expanding mobility practice which has realized top line revenue growth of 220% in the past year.
  • She is also co-author of the forthcoming Women Driven Mobility, which chronicles female-led mobility innovations and initiatives across the country.
  • Antenna Group is a part of the GlobalCom PR Network.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005889/en/\n'

Leading CEO’s Ask Newsom to Dedicate $500 Million in Hydrogen Infrastructure Funds as Part of Zero Emission Vehicle Plan

Thursday, May 13, 2021 - 2:02pm

b'In a letter to Governor Gavin Newsom, executives of 25 multi-national companies today called for major new investments in hydrogen infrastructure in the Golden State.\n\xe2\x80\x9cAt this still early stage in market development, the signal California sends on hydrogen will impact private investment decisions.

Key Points: 
  • b'In a letter to Governor Gavin Newsom, executives of 25 multi-national companies today called for major new investments in hydrogen infrastructure in the Golden State.\n\xe2\x80\x9cAt this still early stage in market development, the signal California sends on hydrogen will impact private investment decisions.
  • We look forward to partnering with you and your Administration on its development and look forward to working together to achieve our shared goals,\xe2\x80\x9d they wrote.\nSpecifically, the companies called on Governor Newsom to boost funding in the state\xe2\x80\x99s Clean Transportation Program reauthorization.
  • That figure represents just 7 percent of total zero emission infrastructure spending, according to the California Hydrogen Coalition.\nTo become mainstream, the hydrogen economy cannot be based on subsidies, note the executives, and sustainable markets must be created.
  • By 2050, hydrogen could enable a market of $750 billion per year with 3.4 million new jobs.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005352/en/\n'

Holley Reports First Quarter 2021 Results; Raises Full Year Targets

Thursday, May 13, 2021 - 1:00pm

I want to thank all of our associates for their unwavering dedication to Holley and our enthusiast consumers.

Key Points: 
  • I want to thank all of our associates for their unwavering dedication to Holley and our enthusiast consumers.
  • Organic growth for comparable brands contributed $27 million of year-over-year net sales growth, representing slightly over one-half of the year-over-year increase.
  • Included in our organic growth, direct-to-consumer sales grew from $13.6 million last year to $19.7 million this year, representing an increase of over 44% for the quarter.
  • Electronic and exhaust products drove the majority of the organic growth in the quarter.

Arcimoto to Present Latest News on Its Ultra-Efficient Electric Vehicles at the Benzinga Global Small Cap Conference on Friday, May 14

Thursday, May 13, 2021 - 2:00pm

b'Arcimoto, Inc.\xc2\xae (NASDAQ: FUV), makers of fun, affordable, and ultra-efficient electric vehicles for everyday drivers and fleets, today announced its participation in the virtual Benzinga Global Small Cap Conference being held May 13-14, 2021.\nArcimoto Founder and CEO Mark Frohnmayer will present at 2:45 p.m.

Key Points: 
  • b'Arcimoto, Inc.\xc2\xae (NASDAQ: FUV), makers of fun, affordable, and ultra-efficient electric vehicles for everyday drivers and fleets, today announced its participation in the virtual Benzinga Global Small Cap Conference being held May 13-14, 2021.\nArcimoto Founder and CEO Mark Frohnmayer will present at 2:45 p.m.
  • ET on Friday, May 14, in Track 1: Disruptive Innovation.
  • Investors may register for the conference at the event website and Mr. Frohnmayer\xe2\x80\x99s presentation may be viewed live on the Benzinga YouTube channel .\nMr.
  • Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon.

Insurify Accelerates Growth and Announces New Office in Bulgaria

Thursday, May 13, 2021 - 12:30pm

b'Insurify , the AI-powered insurance comparison platform, has opened its first international office in Sofia, Bulgaria, the digital capital and vibrant tech hub of Eastern Europe.

Key Points: 
  • b'Insurify , the AI-powered insurance comparison platform, has opened its first international office in Sofia, Bulgaria, the digital capital and vibrant tech hub of Eastern Europe.
  • In an effort to provide the best fully integrated customer experience, Insurify is also growing its in-house insurance agency.
  • The team is uniquely qualified to help Insurify enhance its understanding of customer shopping behavior.
  • Powers brings over 15 years of experience running one of the largest service centers in America.

AEye to Host Virtual Investor Day on June 23, 2021

Thursday, May 13, 2021 - 12:00pm

b'AEye, Inc. (\xe2\x80\x9cAEye\xe2\x80\x9d), the global leader in active, next generation LiDAR solutions, today announced that it will host a virtual Investor Day on Wednesday, June 23, 2021.

Key Points: 
  • b'AEye, Inc. (\xe2\x80\x9cAEye\xe2\x80\x9d), the global leader in active, next generation LiDAR solutions, today announced that it will host a virtual Investor Day on Wednesday, June 23, 2021.
  • The combined company will be called AEye Holdings, Inc., and AEye shareholders have elected to retain 100% of their equity holdings in the combined company.
  • Upon closing, AEye will trade on Nasdaq under the ticker symbol \xe2\x80\x9cLIDR\xe2\x80\x9d.\nA webcast of the virtual Investor Day will be available on AEye\xe2\x80\x99s Investor Relations website, https://www.aeye.ai/investor_relations/ .
  • Neither AEye nor CF III gives any assurance that either AEye or CF III will achieve its expectations.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005247/en/\n'

Berlin Raceway Wins $50,000 and the “Advance My Track Challenge” Presented by Advance Auto Parts

Thursday, May 13, 2021 - 12:00am

Berlin Raceway in Marne, Mich., will receive $50,000 as winner of the \xe2\x80\x9cAdvance My Track Challenge,\xe2\x80\x9d a community-based program led by Advance Auto Parts (NYSE: AAP), a leading automotive aftermarket parts retailer and entitlement sponsor of the NASCAR Advance Auto Parts Weekly Series (NAAPWS).\nThis press release features multimedia.

Key Points: 
  • Berlin Raceway in Marne, Mich., will receive $50,000 as winner of the \xe2\x80\x9cAdvance My Track Challenge,\xe2\x80\x9d a community-based program led by Advance Auto Parts (NYSE: AAP), a leading automotive aftermarket parts retailer and entitlement sponsor of the NASCAR Advance Auto Parts Weekly Series (NAAPWS).\nThis press release features multimedia.
  • \xe2\x80\x9cIt\xe2\x80\x99s been incredible seeing the passion from the track team and their fans as they rallied to support their local track throughout the program.
  • The \xe2\x80\x98Advance My Track Challenge\xe2\x80\x99 had a great first year, and our message to race fans is, we\xe2\x80\x99re just getting started.
  • Advance also awarded $15,000 to the track finishing with the second-most votes, Hudson Speedway in Hudson, New Hampshire.