
Emergency vehicles respond to SUV crash on Southern State Parkway in North Babylon
Images from Chopper 2 over the scene show a white Jeep Wrangler on its side.
There is no immediate word on any injuries.
Please stay with CBS News New York for more on this developing story.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Austin Dillon Finds Redemption at Richmond, Wins His Way into the Playoffs Without Crashing Others
Last year, Austin Dillon wrecked Joey Logano and Denny Hamlin for the win at Richmond Raceway, hoping to secure his spot in the playoffs with a win. Dillon was in a must-win position, too far below the cut line with two races remaining. In the end, NASCAR let Dillon keep the win but took away his playoff berth. This year, outside the points again with two races remaining, Dillon returned to Richmond hoping to right last year's mistake. Dillon did so in dominant fashion as he was the clear fastest driver in the final stage of the 400-lap race. Dillon was the first driver to make their final pit stop on the main strategy, going to pit with 58 laps remaining after a multi-lap battle with Ryan Blaney for the lead. Dillon went to the pits as soon as Blaney secured his pass. Blaney asked a lap later if he could follow, and the No. 12 team had him stay out for three laps to build a tire gap between the two. Blaney pitted with 55 laps to go and came out 11 seconds behind Dillon, as the rest of the leaders also cycled through the pits, the duo returned to 1-2. Blaney was as close as 3.7 seconds with 35 laps remaining, but his tires were falling off majorly over the final run, and Dillon was able to pull away on older tires. "All of a sudden, I didn't have a right rear," Blaney said after the race, where he fell back to third. "I thought I was really trying to be disciplined and save a tire." Blaney's third-place finish is his first top-five at Richmond Raceway. Alex Bowman, who, with Dillon's win, falls to the final spot above the cutline, was running third behind Blaney as the Penske driver's tires started to fall out. Bowman, with fresher tires, made the pass for second and started to eat into Dillon's lead. Ultimately, traffic and lack of remaining laps stopped Bowman from making a run up to Dillon to challenge for a win. Bowman radioed in the closing laps that Dillon's teammate was blocking for him. "I complained about it on the radio, but that's just what we do," Dillon said. "Vented a little bit, but we had a really good Ally No. 48 during that last run." Bowman now enters Daytona, the final race before the playoffs, in the most stressful situation, with a Superspeedway being the easiest place for a new winner to appear this late in the season, just as Harrison Burton secured his spot in the playoffs last year. Blaney was followed by his teammates Joey Logano, who ran up to fourth after starting in 38th, and Austin Cindric in fifth. Kyle Larson found his way to a top ten finish after problems throughout qualifying and the race, finishing sixth ahead of Daniel Suarez, who tied his second-best finish of the season with seventh at Richmond. Josh Berry, Brad Keselowski, and Denny Hamlin completed the top ten. Suarez, Keselowski, and Hamlin were all involved in the lap-199 crash that ended the night for Chase Elliott and Justin Haley. The stages were swept by 23XI Racing drivers Tyler Reddick and Bubba Wallace, but both of them found trouble before the end of the night. First, Reddick was spun after being wrapped up in contact between ty Gibbs and Daniel Suarez. A stage later, Wallace went to pit from second in the sequence when his car was released too soon, and his left front wheel was not fully secure, leading to the No. 19 team of Chase Briscoe to finish the pit stop for him. Reddick ultimately finished 15th, putting his playoff berth on the line, if Bowman can make up the needed points at Daytona, and we see a new winner next Saturday. You Might Also Like You Need a Torque Wrench in Your Toolbox Tested: Best Car Interior Cleaners The Man Who Signs Every Car
Yahoo
26 minutes ago
- Yahoo
Copart, Inc. (CPRT): A Bull Case Theory
We came across a bullish thesis on Copart, Inc. on Ridire Research's Substack. In this article, we will summarize the bulls' thesis on CPRT. Copart, Inc.'s share was trading at $46.19 as of August 8th. CPRT's trailing and forward P/E were 30.59 and 26.11, respectively according to Yahoo Finance. Copart (CPRT), a global leader in online salvage and resale vehicle auctions, is being initiated at a 2% model portfolio weight as a long-term holding rooted in its durable competitive moat and secular growth tailwinds. Founded in 1982, the Dallas-based company operates a patented online auction platform, a global buyer base spanning 180+ countries, and over 250 storage yards worldwide. Its asset-light, consignment-style model generates high margins (~45–50%) and steady cash flows, with Q3 FY2025 revenue up 7.5% YoY despite flat volumes, underscoring its pricing power. Copart benefits from rising total-loss insurance claims, which reached a record 22.8% in early 2025, as complex and costly vehicle repairs make totaling cars more economical. Weather events and high used-car prices further drive salvage supply. The company's unmatched physical footprint, global marketplace network effects, proprietary technology, and decades-long customer relationships form high barriers to entry that competitors cannot easily replicate. Its duopoly position with IAA/Ritchie Bros. provides market stability, while Copart's superior international reach and auction returns help it gradually win share. Risks—such as lower total-loss frequency from vehicle safety technology, competitive fee pressure, land acquisition constraints, or cyclical volume swings—are viewed as manageable given the moat and diversification. With minimal debt, significant insider ownership, and disciplined reinvestment in land and technology, Copart is positioned to compound earnings and cash flows over the long term. The market underappreciates its resilient volumes, capital efficiency, and defensiveness, making the current price an attractive entry point. Copart offers a rare blend of market dominance, secular growth drivers, and superior economics that support sustained value creation. Previously, we covered a bullish thesis on Copart, Inc. (CPRT) by Bulls on Parade in May 2025, which highlighted its dominant salvage auction model, disciplined capital allocation, and global growth. The stock has depreciated by approximately 13.9% since our coverage, as growth slowed. The thesis still stands given Copart's moat and balance sheet. Ridire Research shares a similar view but emphasizes secular growth tailwinds and pricing power. Copart, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 57 hedge fund portfolios held CPRT at the end of the first quarter which was 53 in the previous quarter. While we acknowledge the potential of CPRT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
26 minutes ago
- Yahoo
Carvana Co. (CVNA): A Bear Case Theory
We came across a bearish thesis on Carvana Co. on Nemonomics's Substack by Nick Nemeth. In this article, we will summarize the bulls' thesis on CVNA. Carvana Co.'s share was trading at $347.56 as of August 8th. CVNA's trailing and forward P/E were 86.46 and 69.44, respectively according to Yahoo Finance. Copyright: sonyae / 123RF Stock Photo Carvana (CVNA) has surged from near-bankruptcy to a $45+ billion market cap on strong earnings, but its valuation appears disconnected from its fundamentals. Despite being branded as an online used-car dealer, its true profit engine is consumer finance, not vehicle sales. The company originates loans, packages them, and sells them at a premium, with tiny 'metal margins' of $400–$500 per car. In 2024, it sold $6.15 billion in loans, generating $541 million in gain-on-sale income, or 26% of gross profit. Most financing flows through Bridgecrest, serving lower-credit borrowers with average FICO scores in the 567–584 range, which allows for higher rates but comes with elevated delinquency risk. Nearly 80% of customers finance through Carvana, with loans often securitized and sold, while retaining roughly 5% exposure. The business model's fortunes are tied to credit cycles—when credit weakens, loan buyers retreat, volumes collapse, and balance sheet risk rises, as seen in 2021–22. Unlike brick-and-mortar dealers, Carvana cannot fully capture lucrative service, warranty, and insurance revenue streams, which remain a major profit driver for peers trading at far lower multiples. Competitors like AutoNation, with steady profitability and broader revenue streams, are valued at a fraction of Carvana's market cap. With a price-to-book ratio near 30, investors are paying tech-like multiples for a leveraged finance operation heavily exposed to subprime auto credit and securitization markets. Without a defensible moat, Carvana's valuation hinges on sustained credit market strength, making the risk/reward profile skewed sharply if macro or credit conditions deteriorate. Previously, we covered a bullish thesis on Carvana Co. (CVNA) by Investing City in May 2025, highlighting its integrated e-commerce platform and operational efficiencies. The stock has risen about 8.5% since, as optimism outweighed macro risks. The thesis still stands on execution strength. Nick Nemeth shares a contrarian view, focusing on Carvana's reliance on subprime auto finance and credit cycles. Carvana Co. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 90 hedge fund portfolios held CVNA at the end of the first quarter which was 84 in the previous quarter. While we acknowledge the potential of CVNA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data