Carvana (CVNA) said Tuesday it plans to deploy vehicle inspection and reconditioning operations at its established ADESA Brasher's wholesale auction property in Rio Linda, California.
The expansion will generate roughly 100 local employment opportunities across fulfillment and refurbishment units and support the automotive retailer's national inventory network, the company said.
Price: $71.74, Change: $-1.72, Percent Change: -2.35%
Sono Group (SSM) and Sports One signed a nonbinding letter of intent to combine, aiming to create a publicly traded company that would acquire minority stakes in NFL, NBA, MLB and NHL franchises alongside a sports intelligence business.The proposed company would be renamed Sports One and led by Sports One's management team, the companies said Monday in a statement.Concurrently with the signing of the letter of intent, a group of investors, including Sports One affiliates, purchased 283,500 Sono shares in a registered direct offering, representing 19.9% of the outstanding shares, according to the statement.Sono shares jumped 62% in after-hours trading.
Cango (CANG) reported a Q2 loss from continuing operations late Monday of $1.99 per diluted share, narrowing from the loss of $15.67 a year earlier.One analyst polled by FactSet expected a loss of $0.91.Revenue in the three months ended June 30 fell to $50.8 million from $139.8 million a year earlier.Two analysts projected $60.7 million.Cango shares fell 9.6% in after-hours trading.
Meta Platforms (META) said Monday it is bringing Muse Code out of beta, with new features and additions.Muse Code now offers inter-session messaging, workflow, and rewind in the command-line interface, a developer preview of the software development kit, and subscription plans, the company said.Muse can handle even more complex multi-session and multi-agent engineering tasks and support a wider range of ways to build, the company added.Price: $572.47, Change: $-5.55, Percent Change: -0.96%