Why CarMax Shares Are Trading Higher By Around 8%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Zinger Key Points
  • CarMax shares gain after reporting better-than-expected quarterly earnings.
  • Micron shares rise after the company reported mixed first-quarter financial results and issued strong guidance.

Shares of CarMax, Inc. KMX moved higher during Thursday’s session following better-than-expected quarterly earnings.

KMX reported a third-quarter sales decline of 5.5% year-on-year to $6.15 billion, missing the analyst consensus estimate of $6.33 billion. EPS of $0.52 beat the consensus estimate of $0.44.

CarMax shares climbed 7.7% to $80.42 on Thursday.

Here are some other stocks moving in today's mid-day session.

Gainers

  • Infrared Cameras Holdings Inc MSAI shares jumped 222% to $8.43 after falling over 61% on Wednesday.
  • HOOKIPA Pharma Inc. HOOK surged 75% to $0.9874 after the company announced a $21.25 million equity investment from Gilead Sciences.
  • DMK Pharmaceuticals Corporation DMK shares climbed 50.8% to $0.8899. DMK Pharmaceuticals regained full rights to commercialize ZIMHI after the termination of an exclusive commercialization and distribution with US WorldMeds, LLC.
  • PetVivo Holdings, Inc. PETV shares rose 41.3% to $1.20.
  • ParaZero Technologies Ltd. PRZO shares climbed 37.4% to $1.6904 after the company appointed Nir Ben Moshe, a former senior director in the Israeli Ministry of Defense, as a specialist advisor.
  • Annexon, Inc. ANNX gained 34.7% to $3.88. Annexon outlined its global registrational program for ANX007 for the treatment of patients with geographic atrophy. The company also reported pricing of $125 million public offering of common stock.
  • Triumph Group, Inc. TGI rose 27% to $15.59 after the company entered into a definitive agreement with AAR to sell its Product Support business.
  • Aurora Technology Acquisition Corp.. ATAK shares gained 26.3% to $5.57 after falling 15% on Wednesday.
  • Galiano Gold Inc. GAU rose 23.5% to $0.8130 as the company announced that it has entered into a binding share purchase agreement with subsidiaries of Gold Fields Limited.
  • Calliditas Therapeutics AB CALT gained 19.3% to $26.37 after the company announced FDA approval of TARPEYO.
  • Iris Energy Limited IREN gained 19.2% to $6.59. Iris energy disclosed that its 10 EH/s expansion is fully funded following completion of targeted equity raising program.
  • MeiraGTx Holdings plc MGTX rose 19.1% to $5.85 after the company announced an asset purchase agreement involving its AAV-RPGR collaboration for up to $415 million.
  • Shengfeng Development Limited SFWL rose 17.6% to $4.27.
  • AdaptHealth Corp. AHCO gained 11.6% to $7.24
  • Catalyst Pharmaceuticals, Inc. CPRX gained 11.4% to $15.93. Oppenheimer initiated coverage on Catalyst Pharmaceuticals with an Outperform rating and announced a price target of $30.
  • Grupo Supervielle S.A. SUPV gained 10.8% to $4.58.
  • Energy Fuels Inc. UUUU rose 10.3% to $7.68. Energy Fuels disclosed the commencement of uranium production at three of its permitted and developed mines in Arizona and Utah and preparing two additional mines in Colorado and Wyoming for expected production within one year.
  • Cytokinetics, Incorporated CYTK rose 9.7% to $39.19.
  • Immunovant, Inc. IMVT shares gained 9.4% to $39.61 after reporting initial Phase 2 results for Batoclimab in Graves’ disease.
  • 4D Molecular Therapeutics, Inc. FDMT surged 8.6% to $20.69. 4D Molecular Therapeutics announced that the FDA granted the RMAT designation for the investigational genetic medicine candidate 4D-150 for intravitreal treatment of wet age-related macular degeneration.
  • Globalstar, Inc. GSAT gained 8.2% to $1.8500. Globalstar Director James F Lynch acquired a total of 750,000 shares at an average price of $1.69.
  • Micron Technology, Inc. MU rose 7.5% to $84.57 after the company reported mixed first-quarter financial results and issued strong guidance.
  • 60 Degrees Pharmaceuticals, Inc. SXTP shares gained 6.8% to $1.25 after jumping 36% on Wednesday.
  • Canaan Inc. CAN shares rose 5.1% to $2.70 amid strength in Bitcoin.

Losers

  • Nogin, Inc. NOGN shares fell 42.6% to $0.0644 after dipping over 30% on Wednesday.
  • Polished.com Inc. POL shares fell 40.9% to $4.50 after jumping 618% on Wednesday.
  • BYTE Acquisition Corp. BYTS dipped 38% to $6.49.
  • Clene Inc. CLNN fell 36.7% to $0.3260. Clene reported new data from 12-month long-term open label extension of CNM-Au8 treatment arm in HEALEY ALS platform trial.
  • Revelstone Capital Acquisition Corp. RCAC fell 37% to $6.80.
  • Panbela Therapeutics, Inc. PBLA fell 25.2% to $0.8971. Panbela Therapeutics entered into agreements with certain stockholders for $2 million private placement of existing warrants exercisable for 2,556,000 of its common stock, in aggregate, to exercise outstanding warrants at $0.78 per share in exchange for new warrants.
  • Longeveron Inc. LGVN fell 24% to $1.23 after the company announced a $2.36 million registered direct offering priced at-the-market under Nasdaq rules.
  • Esports Entertainment Group, Inc. GMBL fell 22.3% to $0.0091. Esports Entertainment shares fell 41% on Wednesday after the company announced a 1-for-400 reverse stock split.
  • Aclarion, Inc. ACON shares fell 21.5% to $0.2739. Aclarion shares rose over 19% on Wednesday after the company was granted U.S. patent #11844601 for "MR SPECTROSCOPY SYSTEM FOR DIAGNOSING PAINFUL AND NON-PAINFUL INTERVERTEBRAL DISCS (Severe Low Back Pain)."
  • MedAvail Holdings, Inc. MDVL fell 20% to $4.76.
  • Genetic Technologies Limited GENE dipped 16.2% to $2.12.
  • Jin Medical International Ltd. ZJYL tumbled 14.3% to $71.62. On Dec 18, Jin Medical International received Nasdaq letter notifying that the company failed to give detailed plan to support decision for further time for compliance.
  • Ispire Technology Inc. ISPR fell 14.1% to $11.78.
  • BlackBerry Limited BB fell 12.3% to $3.5950 following the release of third-quarter results.
  • Cassava Sciences, Inc. SAVA declined 10.7% to $24.78.
  • Dune Acquisition Corporation DUNE fell 10.4% to $4.1382 after gaining 6% on Wednesday.
  • iCoreConnect Inc. ICCT shares fell 10.2% to $1.5350.

 

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