CAVA Group Posts Strong Q2 Results, Joins Bilibili, Workday And Other Big Stocks Moving Higher On Friday

Author: Avi Kapoor | August 23, 2024 10:22am

U.S. stocks were higher, with the Dow Jones index falling around 300 points on Friday.

Shares of CAVA Group, Inc. (NYSE:CAVA) rose sharply during Friday’s session as the company reported better-than-expected second-quarter financial results on Thursday.

Cava Group reported quarterly earnings of 17 cents per share which beat the analyst consensus estimate of 12 cents by 41.67%. Quarterly sales clocked in at $233.495 million, beating the analyst consensus estimate by 7% and representing a 35.05% increase from the same period last year.

CAVA Group jumped 17% to $119.37 on Friday.

Here are some other big stocks recording gains in today's session.

Graphjet Technology (NASDAQ:GTI) shares jumped 18.8% to $3.1016.
Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT) surged 18.3% to $9.84.
Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) gained 17.2% to $10.40.
Valhi, Inc. (NYSE:VHI) gained 13.2% to $27.66.
Bilibili Inc. (NASDAQ:BILI) rose 12.5% to $14.57 after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $14 to $19.
Workday, Inc. (NASDAQ:WDAY) gained 10.6% to $255.66 as the company upbeat earnings for the second quarter.
NexGen Energy Ltd. (NYSE:NXE) rose 10.1% to $6.39.
Roku, Inc. (NASDAQ:ROKU) gained 9% to $67.35. Guggenheim analyst Michael Morris upgraded Roku from Neutral to Buy.
BW LPG Limited (NYSE:BWLP) rose 7.5% to $16.73.
Lumen Technologies, Inc. (NYSE:LUMN) climbed 7.3% to $6.48.
AST SpaceMobile, Inc. (NASDAQ:ASTS) rose 6.4% to $36.37.
Powell Industries, Inc. (NASDAQ:POWL) gained 6% to $188.75.