CarMax Reports Downbeat Earnings, Joins Lovesac And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

U.S. stock futures were lower this morning, with the Dow futures falling over 150 points on Thursday.

Shares of CarMax, Inc. 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 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. NYXH shares dipped 12.4% to $9.30 in pre-market trading.
• AVITA Medical, Inc. 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. FAAS shares fell 7.1% to $8.11 in pre-market trading after jumping around 19% on Wednesday.
• Nanobiotix S.A. NBTX shares declined 6.2% to $6.00 in pre-market trading after gaining over 6% on Wednesday.
• Grifols, S.A. GRFS shares fell 5% to $6.62 in pre-market trading.
• Fastenal Company FAST shares declined 5.1% to $70.90 in pre-market trading following worse-than-expected first-quarter financial results.
• Mercury General Corporation 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.

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