A crashed 2004 Maybach 57, once worth $305,000, is now being auctioned off by Copart with an estimated retail value of $45,029 due to rear-end damage, showcasing a depreciation of over $450,000. Despite its former opulence, the car's luxury features, such as heated and cooled seats, DVD players, and navigation systems, are now standard in many vehicles. With a twin-turbo V12 engine, the Maybach's value as a luxury car has diminished, and it is expected to sell for under $45,000, raising the question of whether it would be a good deal for potential buyers.
U.S. equities were little changed at midday, but on track for a winning week as reports of slowing inflation boosted optimism that the Fed would not raise interest rates. Ross Stores exceeded expectations with strong earnings, revenue, and same-store sales as consumers sought savings at the off-price retailer. Copart also saw a jump in shares after posting better-than-expected results. Applied Materials shares sank as the company faces a Department of Justice investigation for allegedly sending chipmaking equipment to Chinese chipmaker SMIC without export licenses. Alphabet shares declined as Google announced a delay in the release of its AI product to compete with OpenAI.
A Rezvani Tank, a heavily modified Jeep Wrangler JL, has ended up on the Copart auction site after sustaining damage to its rear quarter panel. Despite being advertised as "bulletproof," the truck's rear wheel and fiberglass fender were damaged in the incident. The current bid for the once $354,241 vehicle is $80,000. The damaged area doesn't appear to be severe, and with the right skills, it could be a good deal for an experienced Jeep mechanic. The Tank comes with various security features, including blinding lights, electric shocks, a smoke screen, and pepper spray. The legal implications of using these features are unclear.
Jim Cramer, host of CNBC's "Mad Money," recommends buying shares of Palantir, as the company had a strong quarter and received an upgrade. Cramer also suggests investing in SoFi, Uranium Energy, and Copart, as he believes these companies are performing well. Additionally, he expresses confidence in Blackstone's management and considers investing in the company. However, Cramer advises against investing in BP, as he views it as the weakest stock among the mentioned companies.
A badly damaged Porsche 911 GT2 RS has appeared on Copart, and there is speculation that it may belong to professional golfer Patrick Reed. The car, which has just 361 miles on the clock, shows serious damage to every panel, including the roof. Evidence suggests that the car is Reed's, including a VIN match and similarities to a car he previously posted on Instagram. The GT2 RS is a highly sought-after machine, with a 3.8-liter twin-turbocharged flat-six engine capable of churning out 690 horsepower. It's unclear whether the car will be restored or used as an engine donor.
