Why Carvana Shares Are Trading Higher By 13%; Here Are 20 Stocks Moving Premarket

Author: Avi Kapoor | August 01, 2024 08:32am

Shares of Carvana Co. (NYSE:CVNA) rose sharply in today's pre-market trading after the company reported better-than-expected second-quarter financial results.

Carvana reported second-quarter revenue of $3.41 billion, beating the consensus estimate of $3.244 billion, according to Benzinga Pro. The used car retailer reported quarterly earnings of 14 cents per share, beating analyst estimates for a loss of 12 cents per share.

Carvana shares jumped 13.4% to $151.12 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

• FSD Pharma Inc. (NASDAQ:HUGE) gained 55.2% to $0.1568 in pre-market trading after falling 7% on Wednesday.
• Immuneering Corporation (NASDAQ:IMRX) gained 37.2% to $1.55 in pre-market trading after the company announced that IMM-1-104 was granted Fast Track designation from the FDA.
• CareDx, Inc (NASDAQ:CDNA) rose 23% to $24.58 in today's pre-market trading after the company reported better-than-expected second-quarter financial results.
• MediaAlpha, Inc. (NYSE:MAX) jumped 22.1% to $17.91 in pre-market trading after the company reported better-than-expected second-quarter financial results.
• Bone Biologics Corporation (NASDAQ:BBLG) shares gained 20.8% to $2.61 in pre-market trading after gaining 23% on Wednesday.
• Olo Inc. (NYSE:OLO) shares gained 19.1% to $5.69 in pre-market trading after the company reported better-than-expected second-quarter sales results.
• Sunnova Energy International Inc. (NYSE:NOVA) shares rose 17.5% to $8.31 in pre-market trading following upbeat quarterly results.
• Kaixin Holdings (NASDAQ:KXIN) shares gained 17.5% to $0.1308 in pre-market trading after the company announced it received a non-compliance notification from the Nasdaq.
• Rush Street Interactive, Inc. (NYSE RSI) shares rose 16.8% to $11.69 in pre-market trading after the company reported better-than-expected second-quarter earnings and raised FY24 revenue forecast.

Losers

• ALX Oncology Holdings Inc. (NASDAQ:ALXO) shares dipped 25.8% to $3.56 in pre-market trading. The company announced it will host an investor call and webcast to share topline data results from the Phase 2 ASPEN-06 clinical trial evaluating evorpacept for the treatment of advanced HER2-positive gastric cancer.
• noco-noco Inc. (NASDAQ:NCNC) shares fell 21.9% to $0.2240 in pre-market trading after jumping 88% on Wednesday.
• Alphatec Holdings, Inc. (NASDAQ:ATEC) shares declined 18.9% to $8.19 in pre-market trading after the company reported second-quarter results.
• Udemy, Inc. (NASDAQ:UDMY) fell 16.7% to $7.70 pre-market trading after the company reported mixed second-quarter financial results.
• Teladoc Health, Inc. (NYSE:TDOC) shares declined 16.3% to $7.89 in pre-market trading following weak quarterly sales results.
• Tenable Holdings, Inc. (NASDAQ:TENB) shares fell 14% to $39.51 in pre-market trading after the company reported second-quarter financial results.
• Standard Biotools Inc (NASDAQ:LAB) dipped 12.9% to $1.95 in pre-market trading after the company posted weak second-quarter results.
• Confluent, Inc. (NASDAQ:CFLT) shares declined 11.1% to $22.24 in pre-market trading after the company reported second-quarter financial results and issued third-quarter EPS guidance below estimates.
• Arm Holdings plc (NASDAQ:ARM) shares fell 9.6% to $130.28 in pre-market trading following weak second-quarter guidance.
• Western Digital Corporation (NASDAQ:WDC) fell 6.3% to $ 62.81 in today's pre-market trading after the company reported its fourth-quarter financial results.

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Posted In: ALXO ARM ATEC BBLG CDNA CFLT CVNA HUGE IMRX KXIN LAB MAX NCNC NOVA OLO TDOC TENB UDMY WDC