Latest news with #BrianBoyd
The Courier
26-04-2025
- Politics
- The Courier
Ex-Angus Provost faces watchdog hearing over town hall rant
Former Angus Provost Brian Boyd is to face a Standards Commission hearing over the town hall rant which caused his fall from grace. The public bodies watchdog has summoned Carnoustie independent Mr Boyd to a hearing in Forfar later this year. Notice of the July hearing was posted on the Standards Commission for Scotland website this week. It does not detail any allegations the panel will consider. However, The Courier understands it follows a complaint around Mr Boyd's conduct towards fellow councillor Lois Speed in a meeting last June. His outburst led to Arbroath independent member Ms Speed fleeing the Forfar debating chamber in tears. It came as Mr Boyd shut down her attempts to raise concerns over early years staff being cut in P1 classrooms. He told her: 'When I stand up, everyone here sits down.' Mr Boyd apologised for going 'over the score' when the fraught meeting resumed following a brief adjournment. 'It's a very terse day and this is an opportune time for me to apologise to Lois,' he told the full Angus Council meeting. 'I'm a very dramatic person at the best of times and I did go over the score. I hope she'll accept my apology.' But his conduct was condemned as an 'absolute disgrace' by one shocked colleague. He initially resisted calls to resign, but later stepped down as Provost. 'I recognise that my behaviour fell below my own personal standards,' he said at the time. Mr Boyd said he did not wish to make any comment on the matter ahead of the hearing. In 2019, the frequently outspoken councillor was censured by the Standards Commission It followed a row over an online petition which referred to a local minister as a 'homophobic reverend'. Mr Boyd signed the petition, which then appeared on social media due to the settings on his Facebook page. He described it as a 'regrettable episode'. Mr Boyd is expected to remain a non-aligned councillor following the latest turn of events which saw the SNP lose control of the council. A Conservative-dominated rainbow coalition is now in charge of Angus. It comes after opposition members won a vote of no confidence in the nationalist group this week.
Yahoo
23-04-2025
- Automotive
- Yahoo
Carvana Announces Auction-IRC ‘Megasite' Integration in Colorado Springs
COLORADO SPRINGS, Colo., April 23, 2025--(BUSINESS WIRE)--Carvana Co. (NYSE: CVNA), an industry pioneer for buying and selling used cars online, today announced plans for an auction and reconditioning 'Megasite' integration in Colorado Springs. This effort will bring Carvana's Inspection and Reconditioning Center (IRC) capabilities to its existing ADESA Colorado Springs wholesale auction location while maintaining digital and in-lane auction operations on site. The integration will expand Carvana's overall production capacity and enhance its offerings for both retail and wholesale customers in the area. Located in Fountain, ADESA Colorado Springs has served local wholesale auto auction customers for more than 40 years. Spanning approximately 50 acres and over 4,000 parking spaces, the site provides ample infrastructure to support both Carvana IRC operations and ongoing ADESA wholesale auction services. Carvana has already begun hiring new local team members and expects the integration to create approximately 100 new entry level and skilled jobs over time. Incorporating IRC capabilities at ADESA Colorado Springs increases Carvana's total reconditioning capacity, which improves selection for all customers. It also establishes an expanded inventory pool in a new metropolitan area, making Carvana's reconditioning and fulfillment network more efficient and giving local buyers access to more vehicles with faster delivery times. Wholesale customers will continue to enjoy ADESA's in-lane and online auction functionality and will now benefit from even more robust reconditioning operations on-site. "After many years serving retail and wholesale customers in the Colorado Springs area, we are thrilled to expand our local team and capabilities," said Brian Boyd, Senior Vice President of Inventory at Carvana. "This integration will bring a wider selection of vehicles with quick shipping times to local retail customers, provide a more robust offering for local wholesale customers, and also create new job opportunities for entry level and skilled professionals in the local community." ADESA Colorado Springs's efficient transition to an auction-IRC Megasite will be enabled by the site's significant existing footprint and infrastructure as well as by its adoption of Carvana's proprietary CARLI software, which supports efficiency, scalability, and consistency across its IRC network. Forward Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Carvana's current expectations and projections with respect to, among other things, its financial condition, results of operations, plans, objectives, strategy, future performance, and business. These statements may be preceded by, followed by or include the words "aim," "anticipate," "believe," "estimate," "expect," "forecast," "intend," "likely," "outlook," "plan," "potential," "project," "projection," "seek," "can," "could," "may," "should," "would," "will," the negatives thereof and other words and terms of similar meaning. Forward-looking statements include all statements that are not historical facts, including expectations regarding our operational and efficiency initiatives and gains, our strategy, forecasted results, including forecasted Adjusted EBITDA and forecasted retail units sold, potential infrastructure capacity utilization, efficiency gains and opportunities to improve our results, including opportunities to increase our margins and reduce our expenses, trends or expectations regarding inventory, anticipated benefits of integrations, and our long-term financial goals and growth opportunities. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Among these factors are risks related to: our ability to utilize our available infrastructure capacity and realize the expected benefits therefrom, including increased margins and lower expenses; the benefits from our initiatives relating to ADESA; the larger automotive ecosystem, including consumer demand, global supply chain challenges, and other macroeconomic issues (including the imposition of new or increased tariffs); our ability to raise additional capital and our substantial indebtedness; our ability to effectively manage our rapid growth; our ability to maintain customer service quality and reputational integrity and enhance our brand; the seasonal and other fluctuations in our quarterly and annual operating results; our relationship with DriveTime and its affiliates; the highly competitive industry in which we participate, which among other consequences, could impact our long-term growth opportunities; the changes in prices of new and used vehicles; our ability to acquire and expeditiously sell desirable inventory; our ability to grow complementary product and service offerings; and the other risks identified under the "Risk Factors" section in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. There is no assurance that any forward-looking statements will materialize. You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date. Carvana does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. About Carvana Carvana's mission is to change the way people buy and sell cars. Since launching in 2013, Carvana has revolutionized automotive retail and delighted millions of customers with an offering that is fun, fast, and fair. With Carvana, customers can find a car, get financing, trade-in, and complete a purchase entirely online with the convenience of delivery or local pick-up as soon as the same day. Carvana's unique offering is powered by its passionate team, differentiated national infrastructure, and purpose-built technology. For more information, please visit About ADESA ADESA is a leader in wholesale auto, providing comprehensive remarketing and logistics solutions that help OEMs, financial institutions, fleets, and dealers source, sell and manage cars efficiently and profitably. ADESA customers across the country enjoy access to its extensive physical auction network, robust digital offerings, and value-added services. ADESA is owned by leading online automotive retailer Carvana (NYSE: CVNA). Learn more about ADESA here. View source version on Contacts MEDIA CONTACT: Carvana Communicationspress@
Yahoo
16-04-2025
- Automotive
- Yahoo
Why Carvana Co. (CVNA) Skyrocketed On Tuesday?
We recently published a list of . In this article, we are going to take a look at where Carvana Co. (NYSE:CVNA) stands against other firms that end stronger on Tuesday. A muted trading persisted on the stock market on Tuesday, with major indices ending in the red, recording minimal losses while digesting President Donald Trump's tariff policies. The Dow Jones declined by 0.38 percent, the S&P 500 dipped by 0.17 percent, while the tech-heavy Nasdaq dipped by 0.05 percent. Ten companies bucked a broader market pessimism, booking modest gains during the session. In this article, we have identified the reasons behind their gains. To come up with the list, we only considered the stocks with $2 billion market capitalization and $5 million trading volume. A customer buying a used car with the help of a finance Shares of Carvana grew by 4.44 percent on Tuesday to close at $213.81 apiece as investor sentiment was fueled by an investment firm's rating adjustment for the company. In a market report on Monday, JMP Securities reduced its price target for CVNA to $275 from $340 previously but gave the company a Buy rating on the shares. The new price target represented a 28.6-percent upside from the company's closing price on Tuesday. According to JMP, its rating adjustment was based on CVNA's bright business prospects, particularly stronger revenues and improved operating efficiency. In recent news, CVNA announced plans to build a new mega-site in Arizona and generate as many as 200 jobs. 'The Phoenix area is home to our headquarters and a significant anchor for Carvana and ADESA operations, so we couldn't be more excited to expand our local capabilities and team here,' said CVNA Senior Vice President for Inventory Brian Boyd. 'Bringing Carvana Inspection and Reconditioning Center capabilities to ADESA Phoenix will drive additional speed and selection for our local retail customers and an even more robust offering for our local wholesale customers while also creating new entry-level and skilled jobs in the Chandler community.' Overall, CVNA ranks 10th on our list of firms that end stronger on Tuesday. While we acknowledge the potential of CVNA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CVNA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
09-04-2025
- Automotive
- Yahoo
Why Carvana Co. (CVNA) Surged On Tuesday?
We recently published a list of . In this article, we are going to take a look at where Carvana Co. (NYSE:CVNA) stands against other stocks that lead rally amid market bloodbath. The stock market took a battering anew on Tuesday, with all major indices registering steep losses as investors continued to digest President Donald Trump's next tariff deadline that would slap China with a cumulative 104-percent tariff. The tech-heavy Nasdaq registered the heaviest fall, down by 2.15 percent, followed by the S&P 500's 1.57 percent decline, and the Dow Jones' 0.84-percent drop. Meanwhile, 10 companies—four of which were in the medical sector—bucked an overall market decline, booking modest gains during the session. In this article, we listed the 10 well-performing names of Tuesday and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume. A customer buying a used car with the help of a finance specialist. Used car selling platform Carvana Co. grew its share prices by 5.03 percent on Tuesday to end at $176.32 apiece after earning a positive rating from a brokerage firm. On Monday, JMP Securities reaffirmed its Outperform rating for CVNA and a price target of $340, given the company's ongoing expansion efforts, which include the integration of ADESA sites as a key driver for its growth. CVNA has been actively integrating ADESA's physical auction sites into its operations. At present, it was able to successfully integrate six out of 56 ADESA locations. In other news, CVNA said it was developing its eighth auction and reconditioning 'mega site' in Phoenix, Arizona, as it aims to bolster its operations in the Southwest. 'The Phoenix area is home to our headquarters and a significant anchor for Carvana and ADESA operations, so we couldn't be more excited to expand our local capabilities and team here,' said CVNA Senior Vice President for Inventory Brian Boyd. 'Bringing Carvana Inspection and Reconditioning Center capabilities to ADESA Phoenix will drive additional speed and selection for our local retail customers and an even more robust offering for our local wholesale customers while also creating new entry-level and skilled jobs in the Chandler community.' Overall, CVNA ranks 7th on our list of stocks that lead rally amid market bloodbath. While we acknowledge the potential of CVNA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CVNA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
