4 Auto Stocks to Pick Ahead of Q3 Earnings as Industry Revs Up
The third-quarter reporting cycle is finally here. PACCAR Inc. PCAR is set to kick off the earnings season for the Auto-Tires-Trucks sector next week. Per the Oct 9 Earnings Preview, the auto sector’s earnings tanked 123.5% on a 49.7% revenue…
World’s first ‘intelligent’ electric-vehicle battery revs up transport sector
The world’s first ‘intelligent’ electric vehicle battery was unveiled on Friday, revving up the electrification of the transport sector as the world distances itself from petrol-fuelled cars. The battery, developed through a combination of Artificial Intelligence (AI) and High Throughput…
Pandemic Revs Up Digital Car Sales
Share Tweet Share Share Share Print Email Amid the accelerating shift to digital sales during COVID-19 restrictions, U.K. car sales platform Cazoo has notched $310 million in funding, Bloomberg reported. With a business model that resembles Carvana’s, Cazoo purchases and…
Carvana Revs up Car Buying in the Motor City with Country’s Newest Car Vending Machine
DETROIT–(BUSINESS WIRE)–Oct 1, 2020– Today Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, launched its newest Car Vending Machine in Detroit. The brick and glass structure stands eight stories tall with a 27-vehicle capacity, offering…
BlackBerry Turns a Corner as the Automotive Market Revs Up Again
BlackBerry‘s (NYSE:BB) stock recently rallied after its second-quarter results beat Wall Street’s expectations. The software and services company’s revenue rose 6% year-over-year to $259 million. On an adjusted basis, which includes deferred revenue, its revenue rose 2% to $266 million,…
