16 days ago
Alluvium ***** et Management, an ***** et management company, released its "Conventum – Alluvium Global Fund" second-quarter 2026 investor letter. The letter can be downloaded here. The second quarter reflected a sharp shift from geopolitical uncertainty and oil market volatility to a powerful equity rally led by semiconductor companies. Despite the broader market strength, the Fund declined 1.4% in EUR terms, 2.2% in USD terms, and 3.9% in AUD terms. Portfolio results were mixed, with Alphabet benefiting from strong Cloud growth, while Robert Half, H&R Block and other holdings posted solid gains. However, cable businesses and several healthcare and consumer holdings weighed on performance. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Conventum – Alluvium Global Fund highlighted Copart, Inc. (NASDAQ:CPRT). Copart, Inc. (NASDAQ:CPRT) is an online auction and vehicle remarketing services company. On September 14, 2026, Copart, Inc. (NASDAQ:CPRT) closed at $30.75 per share. Over the past month, Copart, Inc. (NASDAQ:CPRT) returned 0.14%, while its shares lost 32.24% over the past 52 weeks. Copart, Inc. (NASDAQ:CPRT) has a market capitalization of $29.65 billion, and its stock has traded within a 52-week range of $26.81 and $48.96.
Conventum – Alluvium Global Fund stated the following regarding Copart, Inc. (NASDAQ:CPRT) in its Q2 2026 investor letter:
"Once again, the most significant and interesting news for investors is a new position we initiated. On this occasion, it is Copart, Inc. (NASDAQ:CPRT, the car wrecker turned auction platform (down 15.1% over the quarter). Copart has grown from a small single auto salvage yard in Vallejo, California in 1982 to a car auction technology platform selling over 4 million cars per year, predominantly on behalf of large insurance companies. We were alerted to this business by our quantitative screen - where it appeared a compelling opportunity (ten year sales growth of 17.4% and 19.1% profit growth, negligible debt, and mid 30's returns on invested capital), so we explored the business in greater depth. Our synopsis: It is a top notch business operating in a duopoly, but with little scope for domestic growth significant enough to move the needle. Most of Copart's revenue stems from its services to insurance companies for selling their vehicles which they classify to be "total losses". So, when it comes to ***** ysing the long term viability of its business, we think there are two key considerations. There is the likely growth rate of automobile accidents. We expect this to gradually decline as a result of increased adoption of autonomous driving, which is known to have lower crash rates than human-driven vehicles. Then there is the proportion of future collisions that are likely to result in cars being classified as "total losses". We expect this will continue its long term upward trend (driven by increased technology and high repair cos
In its second-quarter 2026 investor letter, Conventum – Alluvium Global Fund highlighted Copart, Inc. (NASDAQ:CPRT). Copart, Inc. (NASDAQ:CPRT) is an online auction and vehicle remarketing services company. On September 14, 2026, Copart, Inc. (NASDAQ:CPRT) closed at $30.75 per share. Over the past month, Copart, Inc. (NASDAQ:CPRT) returned 0.14%, while its shares lost 32.24% over the past 52 weeks. Copart, Inc. (NASDAQ:CPRT) has a market capitalization of $29.65 billion, and its stock has traded within a 52-week range of $26.81 and $48.96.
Conventum – Alluvium Global Fund stated the following regarding Copart, Inc. (NASDAQ:CPRT) in its Q2 2026 investor letter:
"Once again, the most significant and interesting news for investors is a new position we initiated. On this occasion, it is Copart, Inc. (NASDAQ:CPRT, the car wrecker turned auction platform (down 15.1% over the quarter). Copart has grown from a small single auto salvage yard in Vallejo, California in 1982 to a car auction technology platform selling over 4 million cars per year, predominantly on behalf of large insurance companies. We were alerted to this business by our quantitative screen - where it appeared a compelling opportunity (ten year sales growth of 17.4% and 19.1% profit growth, negligible debt, and mid 30's returns on invested capital), so we explored the business in greater depth. Our synopsis: It is a top notch business operating in a duopoly, but with little scope for domestic growth significant enough to move the needle. Most of Copart's revenue stems from its services to insurance companies for selling their vehicles which they classify to be "total losses". So, when it comes to ***** ysing the long term viability of its business, we think there are two key considerations. There is the likely growth rate of automobile accidents. We expect this to gradually decline as a result of increased adoption of autonomous driving, which is known to have lower crash rates than human-driven vehicles. Then there is the proportion of future collisions that are likely to result in cars being classified as "total losses". We expect this will continue its long term upward trend (driven by increased technology and high repair cos
25 days ago
When a subject has been as exhaustively covered — and as infamous — as Elon Musk, the electric-car-entrepreneur-turned-rocket-man-turned-richest-billionaire-in-the-universe-turned-Twitter-disruptor-turned-DOGE-destroyer-turned-God-only-knows-what-he'll-do-next, reviews of a documentary about him tend to lead by plucking out the film's incendiary bits of investigative reportage, the ones that feel worthy of a news headline. "Musk," Alex Gibney's 3-hour-and-45-minute documentary about the tech bro who would be king, has a handful of those.
The biggest revelation, to me, was the film's detailed history of Musk's attempt to put a self-driving car on the market — a technology that's sure to be here at some point, though Musk, in his race to be first, was far too eager to announce that it had already happened. Tesla released its Autopilot driver-assist system in 2015 (and then the Full Self-Driving Beta program in 2020), marketing the new technology with ads that exaggerated the car's powers. And so people were suckered. From the outset, there were accidents. More than 60 fatalities have been linked to Tesla's driver-assistance systems. Talk about something that could put a dent in your image! But Musk, for the most part, succeeded in hushing up the lawsuits, the federal investigations, and the fatal crashes, which were evidence of a recklessness that should have given the whole world pause.
More from Variety
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Elon Musk Documentary Teaser Asks If Billionaire Is the 'Greatest Living Inventor' or a 'Fascist' Who 'Has Lost His Mind'
#twitter
The biggest revelation, to me, was the film's detailed history of Musk's attempt to put a self-driving car on the market — a technology that's sure to be here at some point, though Musk, in his race to be first, was far too eager to announce that it had already happened. Tesla released its Autopilot driver-assist system in 2015 (and then the Full Self-Driving Beta program in 2020), marketing the new technology with ads that exaggerated the car's powers. And so people were suckered. From the outset, there were accidents. More than 60 fatalities have been linked to Tesla's driver-assistance systems. Talk about something that could put a dent in your image! But Musk, for the most part, succeeded in hushing up the lawsuits, the federal investigations, and the fatal crashes, which were evidence of a recklessness that should have given the whole world pause.
More from Variety
Elon Musk's Ex Ashley St. Clair on Rejecting a $40 Million NDA and Participating in 'Musk' Doc: 'I Hope the Risk in Trying to Fight Back Helps a Little Bit'
Elon Musk Documentary Teaser Asks If Billionaire Is the 'Greatest Living Inventor' or a 'Fascist' Who 'Has Lost His Mind'
28 days ago
Last October, shares of NuScale Power (NYSE: SMR) hit an all-time high of about $57. Today, shares trade at just under $10, representing a massive 84% decline.
What happened? Nothing that an 84% decline might suggest: no bankruptcy, no regulatory complications, no nuclear accidents (thank goodness). The drawback was more likely a sign that investors had lost patience with an overvalued nuclear stock with no reactor operating in the real world, and no firm first customer.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Funny thing is, NuScale actually looks better positioned as a company than it did at the height of its AI-nuclear boom. Investors looking for a value may want to reconsider NuScale, especially with a multi-state project moving closer to a signed deal.
If you're new to NuScale, here's a quick catch-up: The company wants to build and sell small modular reactors (SMRs), which are essentially compact nuclear power plants designed to generate carbon-free electricity from a much smaller physical footprint than your traditional nuclear facility. It is currently the only company in the U.S. with an NRC-approved SMR design, but it has not yet built a reactor for a customer.
#nuscale #power #time
What happened? Nothing that an 84% decline might suggest: no bankruptcy, no regulatory complications, no nuclear accidents (thank goodness). The drawback was more likely a sign that investors had lost patience with an overvalued nuclear stock with no reactor operating in the real world, and no firm first customer.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Funny thing is, NuScale actually looks better positioned as a company than it did at the height of its AI-nuclear boom. Investors looking for a value may want to reconsider NuScale, especially with a multi-state project moving closer to a signed deal.
If you're new to NuScale, here's a quick catch-up: The company wants to build and sell small modular reactors (SMRs), which are essentially compact nuclear power plants designed to generate carbon-free electricity from a much smaller physical footprint than your traditional nuclear facility. It is currently the only company in the U.S. with an NRC-approved SMR design, but it has not yet built a reactor for a customer.
#nuscale #power #time
30 days ago
Golf legend Tiger Woods has pleaded guilty to reckless driving following his March rollover crash and received a five-year driving suspension. He was also fined between $1,000 and $1,500.
According to Yahoo News, Woods initially pleaded not guilty to the charge of driving under the influence. The incident made headlines, given Woods' history of vehicle-related accidents. He was arrested immediately after the rollover crash in Jupiter Island, the Florida town where the golfer lives.
Motorbiscuit reported in March that Woods faced multiple non-felony charges, including driving under the influence, property damage, and refusing to submit to a lawful test. The incident occurred after 2:00 p.m. when Woods was traveling at a "high speed" in a designated 30-mph zone while attempting to overtake a truck hauling a pressure-washing trailer.
The truck driver reportedly saw Woods' Land Rover closing in quickly and tried to move toward the edge of the road to give the SUV more room. However, the maneuver was not enough to prevent a collision, with Woods' vehicle striking the trailer before rolling onto its driver's side and sliding along the pavement for a considerable distance.
Tiger Woods of Jupiter Links GC warms up before match against Los Angeles Golf Club during the TGL finals at SoFi Center on March 24, 2026, in Palm Beach Gardens, Florida.
#woods #march #jupiter #pleaded
According to Yahoo News, Woods initially pleaded not guilty to the charge of driving under the influence. The incident made headlines, given Woods' history of vehicle-related accidents. He was arrested immediately after the rollover crash in Jupiter Island, the Florida town where the golfer lives.
Motorbiscuit reported in March that Woods faced multiple non-felony charges, including driving under the influence, property damage, and refusing to submit to a lawful test. The incident occurred after 2:00 p.m. when Woods was traveling at a "high speed" in a designated 30-mph zone while attempting to overtake a truck hauling a pressure-washing trailer.
The truck driver reportedly saw Woods' Land Rover closing in quickly and tried to move toward the edge of the road to give the SUV more room. However, the maneuver was not enough to prevent a collision, with Woods' vehicle striking the trailer before rolling onto its driver's side and sliding along the pavement for a considerable distance.
Tiger Woods of Jupiter Links GC warms up before match against Los Angeles Golf Club during the TGL finals at SoFi Center on March 24, 2026, in Palm Beach Gardens, Florida.
#woods #march #jupiter #pleaded
2 months ago
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Accidents can happen anywhere and at any time. Someone could slip on ice on your front walkway and break several bones. Or perhaps your tires lose traction on a rainy day, causing you to rear-end the vehicle in front of you, totaling the car, and injuring the other driver. Your home or auto insurance can help cover the costs of accidents like these if you're found liable. However, if the damages exceed your policy's liability limits, you could be responsible for paying the remaining costs out of pocket.
"That's where an umbrella policy would come into place," said Kim Bowser, vice president of national product and experience development at Grange Insurance. "Your auto or home insurance would typically cover the loss first. Umbrella kicks in as an extra layer on top of that coverage protection."
Umbrella insurance is a safety net protecting you from financial disaster. It pays to know what an umbrella policy is, how it works, and what it covers.
Learn more: How does car insurance work? The basics explained.
#accidents #cover #policy
Accidents can happen anywhere and at any time. Someone could slip on ice on your front walkway and break several bones. Or perhaps your tires lose traction on a rainy day, causing you to rear-end the vehicle in front of you, totaling the car, and injuring the other driver. Your home or auto insurance can help cover the costs of accidents like these if you're found liable. However, if the damages exceed your policy's liability limits, you could be responsible for paying the remaining costs out of pocket.
"That's where an umbrella policy would come into place," said Kim Bowser, vice president of national product and experience development at Grange Insurance. "Your auto or home insurance would typically cover the loss first. Umbrella kicks in as an extra layer on top of that coverage protection."
Umbrella insurance is a safety net protecting you from financial disaster. It pays to know what an umbrella policy is, how it works, and what it covers.
Learn more: How does car insurance work? The basics explained.
#accidents #cover #policy
2 months ago
It did not take long on the C.H. Robinson second quarter earnings call with ***** ysts late Wednesday for the subject to switch away from a strong financial performance in the quarter to the fallout from its more than $600 million nuclear verdict handed down in a Texas courtroom last week.
While there might have been some speculation that CEO Dave Bozeman and other members of the management team might have cited "ongoing litigation" as a reason to not discuss the Dallas County case of Lipe vs. Lupus Superior, with C.H. Robinson also as a defendant, Bozeman addressed it in his opening remarks, and numerous questions from ***** ysts were all answered with the same reply: our behavior was proper and we're confident this verdict will not stand.
That message on Lipe vs. Lupus Superior ultimately became likely the most-discussed topic of the phone call, though Michael Castagnetto, the president of North American Surface Transportation, was able to make his core point at least twice about the company's core brokerage operations: it has now been 13 quarters where volume growth at C.H. Robinson outstripped the benchmark volume numbers published by Cass Information Systems.
Bozeman introduced his remarks on Lipe vs. Lupus Superior by referring to the "evolving legal environment regarding trucking accidents," which he described as "tragic, and every loss of life on our nation's highways is one too many."
It's a tragedy but we didn't cause it
#quarter #call #verdict
While there might have been some speculation that CEO Dave Bozeman and other members of the management team might have cited "ongoing litigation" as a reason to not discuss the Dallas County case of Lipe vs. Lupus Superior, with C.H. Robinson also as a defendant, Bozeman addressed it in his opening remarks, and numerous questions from ***** ysts were all answered with the same reply: our behavior was proper and we're confident this verdict will not stand.
That message on Lipe vs. Lupus Superior ultimately became likely the most-discussed topic of the phone call, though Michael Castagnetto, the president of North American Surface Transportation, was able to make his core point at least twice about the company's core brokerage operations: it has now been 13 quarters where volume growth at C.H. Robinson outstripped the benchmark volume numbers published by Cass Information Systems.
Bozeman introduced his remarks on Lipe vs. Lupus Superior by referring to the "evolving legal environment regarding trucking accidents," which he described as "tragic, and every loss of life on our nation's highways is one too many."
It's a tragedy but we didn't cause it
#quarter #call #verdict
2 months ago
When the Rams announced that guard Justin Dedich would open training camp on the non-football injury list, they did not reveal the nature of that injury. Today they explained it.
Rams head coach Sean McVay said Justin Dedich "had a hand accident around the Fourth of July, and so that's kind of what's keeping him out for now."
McVay didn't specifically mention fireworks, but that's the obvious conclusion people will draw from a July 4 hand accident.
During Fourth of July weekend in 2015, two different NFL players lost fingers in fireworks accidents. Giants defensive end Jason Pierre-Paul's injury caused him to miss half that season, although he had a long career after that, including being a Pro Bowler and Super Bowl champion in Tampa Bay in 2020. Buccaneers cornerback C.J. Wilson also suffered a serious hand injury at Fourth of July 2015 and never played again.
There's been no word on the severity of Dedich's injury.
#dedich
Rams head coach Sean McVay said Justin Dedich "had a hand accident around the Fourth of July, and so that's kind of what's keeping him out for now."
McVay didn't specifically mention fireworks, but that's the obvious conclusion people will draw from a July 4 hand accident.
During Fourth of July weekend in 2015, two different NFL players lost fingers in fireworks accidents. Giants defensive end Jason Pierre-Paul's injury caused him to miss half that season, although he had a long career after that, including being a Pro Bowler and Super Bowl champion in Tampa Bay in 2020. Buccaneers cornerback C.J. Wilson also suffered a serious hand injury at Fourth of July 2015 and never played again.
There's been no word on the severity of Dedich's injury.
#dedich
2 months ago
Columbus, Georgia-based Aflac Incorporated (AFL) is a Fortune 500 insurer providing supplemental health and life insurance in the U.S. and ******* an. The company pays eligible claims directly to policyholders, helping reduce financial stress during illness or accidents while offering financial protection through voluntary insurance products. It has a market capitalization of approximately $63.5 billion.
AFL is set to report its Q2 earnings on Thursday, August 6, 2026, after the market closes. Ahead of the release, ******* ysts expect the company to report diluted EPS of $1.77, down marginally from $1.78 in the year-ago quarter. AFL has surpassed Wall Street's EPS estimates in two of the past four quarters and missed expectations in the other two.
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#market
AFL is set to report its Q2 earnings on Thursday, August 6, 2026, after the market closes. Ahead of the release, ******* ysts expect the company to report diluted EPS of $1.77, down marginally from $1.78 in the year-ago quarter. AFL has surpassed Wall Street's EPS estimates in two of the past four quarters and missed expectations in the other two.
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Micron Stock Is Near Bear-Market Territory. Here's Why ASML's Guidance Says Buy the Dip.
#market
3 months ago
MEXICO CITY (AP) — Mexico has spent 40 years chasing a return to the World Cup quarterfinals. On Sunday, their best chance in a generation arrives. Playing on home soil in a venue that has become an almost impregnable fortress, El Tri will face England in the round of 16—in what is arguably the most important match in Mexican football history.
Mexico boasts a legendary record in official matches at the Estadio Azteca. Since the historic venue opened in 1966, the national team has suffered just two defeats in official matches there, with the last one coming over a decade ago against Honduras in September 2013.
“The stadium is a monster; that explains the high number of wins and draws, and the few losses—which were just accidents,” said Hugo Sánchez, the legendary striker who played in the 1986 World Cup and now serves as an ESPN **** yst. “We approach this with optimism because we know it’s England, but if we play the way we did against Ecuador, we can beat them.”
The numbers back up the myth. Across the 1970, 1986, and current World Cups hosted on home soil, Mexico has played 10 matches at the Azteca, winning eight and drawing two. In this tournament alone, El Tri has secured three home wins without conceding a single goal: 2-0 against South Africa and 3-0 against Czech Republic in the group stage, and 2-0 against Ecuador in the round of 32. Mexico also defeated South Korea 1-0 in Guadalajara in the group stage.
It's the first time Mexico starts a World Cup by winning four consecutive matches.
Mexico boasts a legendary record in official matches at the Estadio Azteca. Since the historic venue opened in 1966, the national team has suffered just two defeats in official matches there, with the last one coming over a decade ago against Honduras in September 2013.
“The stadium is a monster; that explains the high number of wins and draws, and the few losses—which were just accidents,” said Hugo Sánchez, the legendary striker who played in the 1986 World Cup and now serves as an ESPN **** yst. “We approach this with optimism because we know it’s England, but if we play the way we did against Ecuador, we can beat them.”
The numbers back up the myth. Across the 1970, 1986, and current World Cups hosted on home soil, Mexico has played 10 matches at the Azteca, winning eight and drawing two. In this tournament alone, El Tri has secured three home wins without conceding a single goal: 2-0 against South Africa and 3-0 against Czech Republic in the group stage, and 2-0 against Ecuador in the round of 32. Mexico also defeated South Korea 1-0 in Guadalajara in the group stage.
It's the first time Mexico starts a World Cup by winning four consecutive matches.
4 months ago
LONG POND — It was a race that felt more like survival than a contest of speed, but Justin Allgaier was the first to cross the finish line during the O'Reilly Series' MillerTech Battery 250 at Pocono Raceway. The win was Allgaier's fifth of the season, and second straight win after taking the checkered flag in Nashville.
Saturday's race was one of the most chaotic in recent memory, with the caution flag appearing 19 times over the course of the 100-lap race. including 10 cautions. Eleven racers didn't finish the race due to various accidents, whether they were involved in a multi-car episode or a self-inflicted incident.
It was difficult for the drivers, including Allgaier, to find any momentum with all the stoppage.
"At the start of the race we had those early cautions, and it just seemed like we would never get going, “Allgaier said. "Towards the middle of the race, we had some long, green flag runs and I thought "OK, we're gonna be in good shape.
"There's so many scenarios that just aren't normal for a lot of the places we go, but I love coming to this racetrack because of that. It's what makes this place so cool, and the non-winning part is what made today so much more special."
Saturday's race was one of the most chaotic in recent memory, with the caution flag appearing 19 times over the course of the 100-lap race. including 10 cautions. Eleven racers didn't finish the race due to various accidents, whether they were involved in a multi-car episode or a self-inflicted incident.
It was difficult for the drivers, including Allgaier, to find any momentum with all the stoppage.
"At the start of the race we had those early cautions, and it just seemed like we would never get going, “Allgaier said. "Towards the middle of the race, we had some long, green flag runs and I thought "OK, we're gonna be in good shape.
"There's so many scenarios that just aren't normal for a lot of the places we go, but I love coming to this racetrack because of that. It's what makes this place so cool, and the non-winning part is what made today so much more special."
1 yr. ago
Facial trauma can result from accidents, falls, sports injuries or violence, often affecting bones, soft tissues or nerves.
