logo
Casey's skips the Buc-ee's bloat

Casey's skips the Buc-ee's bloat

Axios24-06-2025
Bigger isn't always better — at least that's what Casey's is betting on for the time being.
The big picture: Gas station companies nationwide are building bigger stores to encourage customers to stay and browse, especially as more electric vehicles hit the roads.
State of play: During a Q&A with reporters this month, Casey's CEO Darren Rebelez noted that while EV customers stay at the gas station to charge for 30 minutes — most return to their cars after making their purchases inside.
"If we see a trend where people want to spend more time in the actual store, then we'll have the ability to accommodate that," Rebelez said. "But from what we've seen so far, they prefer to actually spend the time in the car."
By the numbers: Casey's is already larger than the average gas station because of its kitchen, Rebelez said. The average size of a store is 2,500 to 4,000 square feet, per CSP.
Meanwhile, Sheetz on the east coast is expanding its stores, averaging 7,000 square feet and adding drive-thrus, the New York Times reports.
QuikTrip, which is expanding in the Midwest, averages 7,000 square feet.
Buc-ee's, the southern gas station, has locations as big as 75,000 square feet.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why Tesla's valuation is hard to read as Musk's EV empire falters
Why Tesla's valuation is hard to read as Musk's EV empire falters

Yahoo

timean hour ago

  • Yahoo

Why Tesla's valuation is hard to read as Musk's EV empire falters

Prickly billionaire Elon Musk is at a crossroads with Tesla (TSLA) — and investors are shouldering the outsized risk. "I think we are in the transition phase, so it's a very critical phase for Tesla at the moment," Gradient Investments' Lisa Schreiber said on Yahoo Finance's Opening Bid (watch above). On July 23, Tesla reported much weaker second quarter earnings compared to a year ago. During the earnings call, Musk cautioned about headwinds and shared that ride-hailing and autonomous features will be a key focus for the company going forward. Shares fell directly after the earnings announcement and closed down 8.2% on Thursday. Tesla remains an innovator, with robots and AI in its portfolio. Its EV business, however, is sharply declining as competition rises and backlash grows against Musk's politics. The expiration of a $7,500 federal credit for EVs won't help matters, either. "When we look at valuation, investors do not know exactly how to value [Tesla]. Is it an EV maker? Is it more than that? The thing is, it's not just an EV play anymore," Schrieber said. "But it's also not a robotaxi [and] robot company already. So we have struggles here." To Schrieber's point, Tesla's stock trades more like a hot tech player trying to take on juggernauts like Nvidia (NVDA). Shares trade at 161 times the estimated forward price to earnings. (Nvidia, with much stronger growth, trades around 55 times.) Ford (F), a pure-play automaker, trades at 9.6 times. Meanwhile, some perceive Tesla as a company that isn't sure what it wants to be when it grows up. The innovation around autonomous driving is noteworthy, but the waiting can make even the most patient investor antsy. "Especially with Tesla, we have to be a little bit careful," Schreiber said, noting that Musk has a history of huge promises but delayed launches. The robotaxi, for instance, launched this past June in Austin, Texas. William Blair analysts Jed Dorsheimer and Mark Shooter, who rate Tesla's stock at Market Perform, noted that rival company Google's (GOOG) Waymo robotaxi "represents a six-year head start." "We think the training wheels will get taken off quickly and the pace at which robotaxi scales will surprise the upside," the pair wrote. "Although maybe not to half of Americans by the end of the year." During Tesla's earnings call, Musk also discussed humanoid robots, AI, and their integration into the vehicle fleet, calling the company's cars "essentially a four-wheeled robot." "Optimus is a robot with arms and legs," he said. "So the same principles that apply to optimizing AI inference of the car applied to Optimus because they're both really robots in different forms." If Musk and Co. can deliver, investors like Schreiber will likely be among the first in line to celebrate, but for the time being, they are content to watch and wait. "I think we have to be a little bit careful here," she said. "For us to be able to be a buyer here, we would need to see some foot on the ground and we would need to see some realization first."Grace Williams is a writer for Yahoo Finance. 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

LGES signs new copper foil deal with SK Nexilis
LGES signs new copper foil deal with SK Nexilis

Yahoo

time2 hours ago

  • Yahoo

LGES signs new copper foil deal with SK Nexilis

South Korea's SK Nexilis Company has agreed to supply local battery electric vehicle (EV) manufacturer LG Energy Solution Company (LGES) with up to KRW 3 trillion (US$ 2.2 billion) worth of copper foil over the next 5-6 years, according to unconfirmed local reports. Copper foil is a key component of EV batteries, used mainly as separator material between cathodes and anodes. This is understood to have been the first deal signed between the two companies in the last five years, after LGES and LG Chem ceased signing new business with SK Group's SK On, SK Nexilis and SKIET, following a dispute over alleged leaks of trade secrets in 2020. Local officials have suggested that the thaw in relations between the two sides is due mainly to growing pressure for South Korea battery manufacturers to reduce their dependence on Chinese supply chains, as they look to expand their businesses in the US. A local industry official told reporters the relationship between the two companies 'has improved under the current management. The Trump administration's supply chain policy of decoupling from China led them to renew their supply deal.' An SK Nexilis official confirmed that his company had held new talks with LGES, but did not confirm the agreement. "LGES signs new copper foil deal with SK Nexilis" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

Rivian vs. Lucid: 1 Reason Jim Cramer Likes One Stock Over the Other
Rivian vs. Lucid: 1 Reason Jim Cramer Likes One Stock Over the Other

Yahoo

time9 hours ago

  • Yahoo

Rivian vs. Lucid: 1 Reason Jim Cramer Likes One Stock Over the Other

Key Points Lucid closed a deal with Uber to power its robotaxi division. Wall Street veteran Jim Cramer is doubting the deal's long-term potential. Rivian may be a better buy due to a deal with VW. 10 stocks we like better than Lucid Group › Lucid Group (NASDAQ: LCID) soared in value following the announcement of its partnership with Uber Technologies. According to the deal's terms, Uber will invest $300 million in the electric vehicle (EV) maker. Uber also committed to purchase 20,000 vehicles from Lucid to kick-start its robotaxi division. Wall Street veteran Jim Cramer recently weighted in on the deal, and his take was surprising to many. He compared Lucid's deal with Uber to a partnership Rivian Automotive (NASDAQ: RIVN), another EV stock, made earlier this year. If you're invested in either Lucid or Rivian, you'll want to give Cramer's comments some consideration. How big is the Uber and Lucid partnership in reality? The details of Lucid's partnership with Uber are fairly straightforward. The latter says it is expecting to launch a robotaxi service later next year in a major U.S. city. To power this launch, Uber plans to order 20,000 Lucid Gravity SUVs over the next six years. According to a press release, the vehicles will be owned and operated by Uber or its third-party fleet partners and made available to riders exclusively via the Uber platform. To help Lucid scale up enough to produce this many vehicles, Uber also agreed to invest $300 million into the business. Around the same time, Lucid announced a 1-for-10 reverse stock split, but it's not clear how connected these two events are. While all of this looks promising on paper, there are two obvious problems. First, Uber's robotaxi division remains in its infancy. Whether it can actually grow big enough to acquire 20,000 Lucid vehicles remains a huge open question. Second, $300 million won't do much to keep Lucid financially viable over the next six years. While it ended 2024 with more than $6 billion in liquidity, the company also posted a net loss of $2.7 billion, roughly the same net loss it posted in 2023. A $300 million cash infusion is helpful, but it will hardly cure its ongoing financial challenges. Jim Cramer thinks Rivian's deal with Volkswagen is superior When Jim Cramer was asked about Lucid's partnership with Uber last week, he called the deal a "dalliance." In other words, he views it more as a short-term arrangement than a bona fide long-term partnership. "I think that you need a commitment, like the Volkswagen commitment to Rivian is extraordinary," Cramer said. "That's an open-ended check from one of the biggest car companies." He is referring to a joint venture between Volkswagen and Rivian that was announced in November 2024. The German automaker will receive crucial access to Rivian's software operating platform and technological back end. In exchange, Rivian receives up to $5.8 billion in funding. It's not hard to see the difference in commitments here. Uber is investing just $300 million into Lucid, with the promise of buying vehicles over the next six years. Rivian, meanwhile, is receiving up to $5.8 billion in funding by the end of 2027, starting with an immediate $1 billion convertible note. To be clear, Lucid's deal with Uber is still very exciting. ARK Investment CEO Cathie Wood eventually sees the robotaxi market being worth up to $10 trillion by 2030. But Rivian's deal with Volkswagen gives more credence to Rivian's tech stack and differentiation. If you're excited about the Uber-Lucid tie-up, be sure to dive into Rivian's and Volkswagen's partnership, as Cramer correctly points out. Should you invest $1,000 in Lucid Group right now? Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool recommends Volkswagen Ag. The Motley Fool has a disclosure policy. Rivian vs. Lucid: 1 Reason Jim Cramer Likes One Stock Over the Other was originally published by The Motley Fool

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store