Million Archives - Auto Services

April 19, 2023

Auto Parts 4Less Group, Inc. Reaches Significant Milestone with Over 5 Million Products on its Multi-Seller Automotive Parts Marketplace, Autoparts4less.com

LAS VEGAS, NV –Information Direct– Auto Parts 4Fewer Group Inc

McapMediaWire — Automobile Sections 4A lot less Team, Inc. (OTCQB: FLES) (“Company”, “FLES”) – the operator of AutoParts4Considerably less.com, a specialized automotive pieces marketplace, is thrilled to announce a major milestone: exceeding 5 million automotive items and showcasing more than 8,000 models on its rapidly-growing multi-vendor marketplace. Launched on November 3, 2022, with close to 2 million goods, the platform’s adoption rate has extra than doubled in sizing even though surpassing management’s original expectations.

Tim Armes, CEO of FLES, reported, “We believe that that acquiring this milestone in these kinds of a limited period of time showcases the trust and enthusiasm our seller group has put in our system while highlighting a pent-up demand for a devoted market capable of consolidating the a lot of diverse sellers inside the booming $38 billion annual automotive pieces e-commerce sector.”

Christopher Davenport, COO and founder of FLES, added, “Surpassing 5 million merchandise on AutoParts4Considerably less.com signifies the escalating momentum at the rear of our platform. We are deeply grateful for the developing help from our sellers and keep on being dedicated to regularly boosting our platform and expanding our choices to much better provide the automotive components industry.”

AutoParts4Considerably less.com features a vast wide variety of merchandise ranging from tires and wheels to automotive paints as properly as OEM substitution parts, effectiveness elements as properly as typical motor vehicle elements. Also, the market is introducing parts for maritime, significant-duty vehicles, ATVs, UTVs, and motorcycles. This extensive selection would make it a accurate one-prevent-store for everyone’s automotive sections needs.

The Enterprise believes that the advancement of AutoParts4Considerably less.com demonstrates the platform’s likely to revolutionize the automotive pieces e-commerce field by offering a devoted, user-helpful marketplace that rewards sellers and prospective buyers alike. With its swift expansion and dedication to driving most benefit, administration is optimistic that AutoParts4Much less.com is poised to come to be a dominant drive in the $500 billion annual U.S. automotive areas current market.

About Auto Components 4Significantly less Group, Inc.

Vehicle Elements 4A lot less Team, Inc. (the “Company”) entered the on the internet vehicle parts organization in 2015, advertising carry kits and other aftermarket accessories for Jeeps, Trucks, and SUVs on eBay and Amazon. In early 2020, the firm commenced building AutoParts4Significantly less.com as a multi-seller organization-level marketplace committed to consolidating the $500 billion yearly aftermarket automotive pieces business, including automobiles, trucks, boats, motorcycles, and RVs, on a single system. AutoParts4Less.com officially introduced with around 2 million areas from about 25 components sellers in November 2022.

For a lot more data about Automobile Components 4A lot less Group, Inc., make sure you visit AutoParts4LessGroup.com

Secure Harbor & Disclaimer

This information also includes specific ahead-hunting statements within the this means of the harmless harbor provisions of the Personal Securities Litigation Reform Act of 1995. These statements are discovered by the use of the words and phrases “could”, “believe”, “anticipate”, “intend”, “estimate”, “expect”, “may”, “continue”, “predict”, “potential”, “possible,” “project” and identical expressions that are intended to recognize ahead-hunting statements. All ahead-seeking statements discuss only as of the day of this presentation. You really should not location undue reliance on these ahead-seeking statements. Even though we think that our plans, targets, anticipations and intentions reflected in or proposed by the forward-looking statements are sensible, we can give no assurance that these programs, aims, anticipations or intentions will be reached.

Ahead-looking statements include important risks and uncertainties (some of which are over and above our management) and assumptions that could cause precise outcomes to differ materially from historical practical experience and existing expectations or projections. Actual final results may well vary materially from those in the ahead-wanting statements and the trading value for our frequent inventory may possibly fluctuate significantly. Ahead-seeking statements also are afflicted by the risk aspects described in the Company’s filings with the U.S. Securities and Trade Commission. Besides as necessary by legislation, we undertake no obligation to update or revise publicly any ahead-seeking statements, whether or not as a result of new details, potential occasions or otherwise, soon after the day on which the statements are manufactured or to reflect the occurrence of unanticipated activities. Business knowledge provided herein is of no predictive price pertaining to the foreseeable future sale of the Company’s items. No info in this press launch really should be construed as any indication whatsoever of the Company’s future monetary outcomes, revenues, or inventory price.

For a lot more information, call: Electronic mail: PR@The4LessCorp.com

Make contact with Particulars

Car Sections 4Less Group, Inc.

PR@The4LessCorp.com

Company Internet site

http://autoparts4lessgroup.com/

Check out resource edition on newsdirect.com: https://newsdirect.com/news/automobile-sections-4fewer-team-inc-reaches-considerable-milestone-with-around-5-million-items-on-its-multi-vendor-automotive-areas-marketplace-autoparts4a lot less-com-197979522

March 13, 2023

Dana Investment Advisors Inc. Has $8.43 Million Holdings in Advance Auto Parts, Inc. (NYSE:AAP)

Dana Investment Advisors Inc. lifted its holdings in Advance Auto Parts, Inc. (NYSE:AAP – Get Rating) by 2.9{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,931 shares of the company’s stock after acquiring an additional 1,534 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.09{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of Advance Auto Parts worth $8,432,000 at the end of the most recent reporting period.

→ Unusual Passive Income Investment (Found on a Golf Course) (From Oxford Club)

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Advance Auto Parts by 4.0{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 3rd quarter. Vanguard Group Inc. now owns 7,291,395 shares of the company’s stock worth $1,139,936,000 after acquiring an additional 277,906 shares in the last quarter. Clearbridge Investments LLC raised its position in Advance Auto Parts by 3.6{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 1st quarter. Clearbridge Investments LLC now owns 3,313,689 shares of the company’s stock worth $685,801,000 after purchasing an additional 114,789 shares during the last quarter. JPMorgan Chase & Co. raised its position in Advance Auto Parts by 22.4{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 2nd quarter. JPMorgan Chase & Co. now owns 2,636,189 shares of the company’s stock worth $456,297,000 after purchasing an additional 482,858 shares during the last quarter. Invesco Ltd. raised its position in Advance Auto Parts by 10.8{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 1st quarter. Invesco Ltd. now owns 1,018,797 shares of the company’s stock worth $210,850,000 after purchasing an additional 99,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Advance Auto Parts by 2.5{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in the 3rd quarter. Dimensional Fund Advisors LP now owns 858,038 shares of the company’s stock worth $134,168,000 after purchasing an additional 20,904 shares during the last quarter. 96.04{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Stephens dropped their target price on shares of Advance Auto Parts from $196.00 to $164.00 and set an “equal weight” rating for the company in a research report on Monday, November 21st. Raymond James reduced their price objective on shares of Advance Auto Parts from $200.00 to $180.00 and set a “strong-buy” rating for the company in a research note on Wednesday, March 1st. Evercore ISI upped their target price on shares of Advance Auto Parts to $160.00 in a report on Tuesday, February 7th. Roth Capital reaffirmed a “neutral” rating and issued a $140.00 target price (down from $180.00) on shares of Advance Auto Parts in a report on Monday, February 13th. Finally, Wells Fargo & Company lowered their price target on shares of Advance Auto Parts from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday, January 5th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Advance Auto Parts presently has an average rating of “Hold” and an average target price of $166.89.

Advance Auto Parts Stock Down 0.9 {49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}

AAP traded down $1.18 during midday trading on Friday, hitting $128.65. The company had a trading volume of 333,753 shares, compared to its average volume of 1,165,180. Advance Auto Parts, Inc. has a 52 week low of $127.55 and a 52 week high of $231.43. The company has a quick ratio of 0.21, a current ratio of 1.13 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.09 and a beta of 1.12. The stock’s 50 day moving average price is $147.43 and its 200 day moving average price is $158.83.

Advance Auto Parts (NYSE:AAP – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $2.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.47. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Advance Auto Parts had a net margin of 4.50{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} and a return on equity of 28.53{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}. The business’s revenue was up 3.2{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} on a year-over-year basis. During the same period last year, the company earned $2.07 earnings per share. On average, research analysts anticipate that Advance Auto Parts, Inc. will post 10.66 earnings per share for the current fiscal year.

Advance Auto Parts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, April 14th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.66{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}. The ex-dividend date is Thursday, April 13th. Advance Auto Parts’s dividend payout ratio is currently 72.55{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5}.

About Advance Auto Parts

(Get Rating)

Advance Auto Parts, Inc engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage.

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February 16, 2023

Triangle car startup secures $30 million to fuel growth plan

Get Spiffy, the mobile car service startup founded by Triangle serial entrepreneur Scot Wingo, announced on Wednesday it had completed a $30 million funding round to fuel its growth plans.

Launched in 2014, the company sought to rethink car washing by having consumers use a phone app to schedule Spiffy vans to come to their workplaces or homes. The Durham-based startup sent vans to the parking lots of area companies like Cisco, Red Hat, and Citrix — at the companies’ invitation.

Spiffy now has 500 technicians across 45 markets, and an additional 80 employees at its Durham headquarters, Wingo told The News & Observer. The company says it performs between 3,000 to 4,000 services each day and has grown by more than 90{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} in each of the past two years.

This expansion has been powered, in part, by the company’s focus on servicing larger fleets of commercial vehicles like those at rental car agencies. Spiffy also provides a range of other auto services, from windshield repairs to oil changes. It has also started offering Spiffy Tires and Spiffy Brakes services.

“Spiffy is scaling faster than any of my previous start-ups because we are meeting the quickly evolving preferences of convenience-oriented customers across our fleet and consumer verticals,” Wingo said in a statement announcing the Series C funding.

The money, Wingo hopes, will also help the company expand one of its newer offerings, Digital Servicing, which sells Spiffy software and vans to those who want to provide car care under their own brands.

This latest funding round was led by the New Jersey-based equity firm Edison Partners and involved Durham funding firms like Bull City Venture Partners and IDEA Fund Partners.

“(Spiffy is) one of the fastest growing companies at that scale in our region,” said Jason Caplain, general partner and cofounder of Bull City Venture Partners. “I think there’s a lot of runway to grow as they not only enter into new cities, which they’ve aggressively done, but also had an expansion of services.”

Caplain had invested in one of Wingo’s previous ventures, ChannelAdvisor, which went public in 2013 and was acquired by a private company last year. So when Caplain heard Wingo was starting Spiffy, he didn’t hesitate to get involved.

“We participated right from beginning,” he said. “Like we were the first check in along with Scot.”

This story was produced with financial support from a coalition of partners led by Innovate Raleigh as part of an independent journalism fellowship program. The N&O maintains full editorial control of the work.

Open Source

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This story was initially posted February 15, 2023, 7:49 AM.

Brian Gordon is the Innovate Raleigh reporter for The News & Observer and The Herald-Sunlight. He writes about work, start off-ups and all the massive tech factors reworking the Triangle.

December 17, 2022

Auto Services Group Limited, a Leading Provider of Digitalized Auto Services and Auto Insurance Intermediation in China, Secures a US$125 Million Share Subscription Facility from Global Emerging Markets (“GEM”)

SunCar Technology Group Inc. — SunCar Technological innovation Group Inc.

The enterprise expects to record on Nasdaq on a de-SPAC merger with Goldenbridge Acquisition Constrained.

New York, New York, Dec. 08, 2022 (Globe NEWSWIRE) — Auto Providers Team Constrained (“SunCar”) nowadays introduced a USD 125 million share subscription facility from GEM Worldwide Generate LLC SCS (“GGY”), a Luxembourg based non-public different expenditure team, in the type of a share subscription facility. Underneath the arrangement, GGY will present SunCar with a share subscription facility of up to $125 Million for a 36-month time period following a general public listing of SunCar’s normal shares (“Investment Period”).

In accordance to the agreement’s phrases, SunCar will not be obligated to attract the whole $125 million but can do so in aspect or in complete at its discretion. SunCar can also set up a threshold selling price as the least expensive selling price at which SunCar could promote its shares for every drawdown. SunCar will handle both of those the timing and total of all drawdowns and will situation stock to GGY on each and every drawn down from the facility. GGY shall fork out 90{49e09b23eae7466ccc7574c19ebb3019301c9a11d2999feff81a3526451546a5} of the regular day-to-day closing cost all through the pricing period, which is a 30-working day interval following SunCar provides a draw-down see to GGY. For the duration of the life span of the expense facility, GGY will not, right or indirectly, outcome any brief sale of SunCar’s everyday shares.

Ye Zaichang, founder of SunCar, commented: “China’s automotive industry, specifically the new vitality car or truck (“NEV”) market, is escalating fast. I am self-confident that SunCar’s automotive following-income assistance and automobile insurance intermediation company will go on to improve steadily in 2022, with our comprehensive B2B community of services companies and superior digital and technical abilities. In particular, we be expecting to additional solidify our situation in the fast-developing NEV sector. We will carry on to increase our business enterprise and technological capabilities to provide the ideal high-quality and most hassle-free products and services to our company shoppers as effectively as the conclusion consumers. The share membership facility with GEM demonstrates investor’s ongoing optimism about SunCar’s prospects, as perfectly as GEM’s strategic being familiar with and vision of rising markets and industries. We glimpse ahead to preserving our cordial and mutually effective relationships with investors in the U.S. and throughout the world.”

About SunCar

SunCar, alongside one another with its affiliates, offer organization purchasers with digitalized, complete, on-demand from customers and plug-in aftermarket automobile expert services and car insurance plan remedies to much better serve their conclusion consumers. Started in 2012, SunCar is now a leader in China’s vehicle services marketplace. SunCar’s remedies and digital units linked in excess of 1,200 clients and 59,000 sales partners. The Business engages with over 42,000 suppliers and 85 insurance plan providers, handles over 2,500 districts and counties, and serves stop prospects in most metropolitan areas in China. All the providers are dispersed at all instances by means of more than 700 sub-programs on the SunCar Cloud, serving to its clientele better respond to their customers’ needs. For additional information and facts, you should check out the internet site:

http://www.auto1768.com

About GEM

World Emerging Marketplaces (“GEM”) is a $3.4 billion, Luxembourg centered private choice financial investment group with offices in Paris, New York and The Bahamas. GEM manages a numerous established of financial investment automobiles centered on emerging marketplaces and has finished about 560 transactions in above 70 nations. Every single investment auto has a distinct degree of operational control, threat-modified return, and liquidity profile. The family members of resources and financial investment automobiles supply GEM and its companions with publicity to: Compact-Mid Cap Administration Buyouts, Non-public Investments in General public Equities and pick undertaking investments. For a lot more data:

http://www.gemny.com

Contacts:

SUNCAR
Identify: Ms. Hui Jiang
Electronic mail: IR @4008801768.com