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Descartes Systems said total revenue rose 15% year over year to $193.6 million and adjusted EBITDA increased 20% to a record $89.8 million. The company also highlighted AI investment plans and the IDELIC acquisition.
NIO said second-quarter revenue rose 69.1% year over year to 32.1 billion yuan, while deliveries increased 49.4% to 107,658 smart EVs. Gross margin was 18.4% and cash reserves reached 56.7 billion yuan.
Iran attacks cargo ship and plans to make billions in fees from reopening the Strait of Hormuz, testing Trump's deal.
CarGurus reports momentum across key segments as affordability reshapes the market