CarMax Reports Downbeat Earnings, Joins Lovesac And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
$FAST
$GRFS
$KMX
$LOVE
RETAIL: Building Materials
Consumer Discretionary
Biotechnology: Pharmaceutical Preparations
Health Care
U.S. stock futures were lower this morning, with the Dow futures falling over 150 points on Thursday.
Shares of CarMax, Inc. (NYSE:KMX) fell sharply in today’s pre-market trading after the company reported lower-than-expected fourth-quarter earnings.
- CarMax posted quarterly earnings of 32 cents per share, missing market estimates of 49 cents per share. The company’s quarterly sales came in at $5.63 billion versus expectations of $5.79 billion, according to data from Benzinga Pro.
- CarMax shares dipped 9.1% to $72.06 in pre-market trading.
- Here are some big stocks recording losses in today’s pre-market trading session.
- The Lovesac Company (NASDAQ:LOVE) shares fell 13% to $20.30 in pre-market trading after the company reported worse-than-expected fourth-quarter results and issued first-quarter guidance.
- Nyxoah S.A. (NASDAQ:NYXH) shares dipped 12.4% to $9.30 in pre-market trading.
- AVITA Medical, Inc. (NASDAQ:RCEL) shares fell 11.6% to $12.76 in pre-market trading after the company announced an update to its expected commercial revenue for the first quarter of 2024. BTIG downgraded the stock from Buy to Neutral.
- DigiAsia Corp. (NASDAQ:FAAS) shares fell 7.1% to $8.11 in pre-market trading after jumping around 19% on Wednesday.
- Nanobiotix S.A. (NASDAQ:NBTX) shares declined 6.2% to $6.00 in pre-market trading after gaining over 6% on Wednesday.
- Grifols, S.A. (NASDAQ:GRFS) shares fell 5% to $6.62 in pre-market trading.
- Fastenal Company (NASDAQ:FAST) shares declined 5.1% to $70.90 in pre-market trading following worse-than-expected first-quarter financial results.
- Mercury General Corporation (NYSE:MCY) fell 4.5% to $49.00 in pre-market trading. Mercury General is expected to report first-quarter earnings after the markets close on Tuesday, April 30, 2024.
Now Read This: Jim Cramer Says WESCO International Is A Buy, Recommends Buying This Stock Under $20
Don’t forget to check out our premarket coverage here