Shares of uniform rental company Cintas Corp. The stock has gained nearly 30% for the year. Shares of CarMax were up 3.7% at $77.46 late Thursday afternoon, after moving as high as $84.20 early in the session. It noted that as of the end of November, it had $2.41 billion still available for repurchase under the existing authorization. The company announced that it restarted the stock buyback plan it had paused in the third quarter of fiscal 2023, picking up 648,500 shares for $41.9 million. The company added the wholesale unit had a “strong” gross profit of $961 per unit, in line with the year-ago period. Wholesale unit sales jumped 7.7% to 127,900, and revenue increased 1.1% to $1.17 billion. Revenue fell 5.5% to $6.15 billion, less than expected. used car dealer beat profit forecasts as it sold more vehicles in the wholesale market.ĬarMax reported third-quarter fiscal 2024 earnings per share (EPS) of $0.52, more than a third higher than analysts’ estimates. Peer ADP ( ADP) fell 1.4%.Ĭomcast ( CMCSA) shares fell 0.4% after it said the hackers responsible for an October data breach stole the data of almost 36 million customers.ĬarMax ( KMX) shares took off after the biggest U.S. Paychex ( PAYX) shares sank 7% after reporting quarterly sales below analysts’ estimates. Semiconductor manufacturing equipment maker AMSL Holdings ( ASML) rose 3.5% after it shipped the first part of its new "High NA" ultraviolet lithography machine to chipmaker Intel ( INTC). Marvell Technology ( MRVL) rose 4.7% and Advanced Micro Devices ( AMD) gained 3.3%. Micron’s earnings had other semiconductor stocks popping. ( CTAS) rose 6.6% after its quarterly earnings report also exceeded Wall Street estimates, leading it to raise its full-year guidance. It also forecasted strong sales next year as demand conditions improve.Ĭintas Corp. Micron ( MU) shares jumped 8.6% after it beat earnings and sales estimates with its quarterly report. Dominion Energy ( D) fell 0.9%, while Marathon Petroleum ( MPC) lost 0.7% and NextEra Energy ( NEE) dipped 0.4%. The energy and utilities sectors lagged behind the broader market today. Shares of WestRock ( WRK) slid 2.4% after activist investor Primestone Capital urged Smurfit Kappa’s board to reconsider its planned merger with the paper and packaging company.Īon Plc ( AON) declined 2%, falling for a second day after announcing it would acquire insurance broker NFP for more than $13 billion. Discovery ( WBD) in a deal that could see the entertainment companies combining their streaming platforms and other media assets. Paramount Global ( PARA) lost 2.8% following reports it is in early talks to merge with Warner Bros. Fellow cruise operators Norwegian Cruise Line Holdings ( NCLH) and Royal Caribbean ( RCL) followed Carnival higher, rising 5.4% and 5.3%, respectively.ĬarMax ( KMX) shares rose 5.2% after it reported better-than-expected quarterly sales and earnings even as used car prices declined. Shares slipped 0.1% as it halted online sales of the Apple Watch Series 9 and Ultra 2 amid a patent infringement dispute.Ĭarnival Corp ( CCL) climbed 6.2% after reporting record revenue in the second quarter of its 2024 fiscal year. Shares of Nike ( NKE) rose 0.9% ahead of its quarterly earnings report after the bell.īoeing ( BA) gained 0.7% amid reports it was set to deliver its first 787 Dreamliner jet to China since 2021.Ĭisco ( CSCO) fell 0.2% after it said it intended to buy Swiss cloud networking and security company Isovalent for an undisclosed sum.Īpple ( AAPL), was the only other Dow stock to close in the red Thursday. Salesforce ( CRM) shares rose 2.7% after it was upgraded to overweight by analysts at Morgan Stanley, who said revenue growth could accelerate next year as the software provider raises prices and bundles products, and customers adopt its data cloud. Stocks tumbled in late trading yesterday, putting the S&P 500 a little further out from-though still only 2% off of-an all-time high. dollar lost ground against most major currencies. Stocks were mostly lower abroad, with the Japanese Nikkei losing 1.6% and European stocks dipping. GDP grew at an annualized rate of 4.9% in the third quarter, slower than the Census Bureau's previous estimate of 5.2%. 16 rose modestly to 205,000 from the prior week's revised level of 202,000, according to the Bureau of Labor Statistics. The number of initial jobless claims in the week ending Dec. The Nasdaq surged 1.3% Thursday, while the S&P 500 rose 1% and the Dow Jones Industrial Average gained 0.9%.Įquities were buoyed by two economic reports that pointed to a cooling-but far from crashing-U.S. Stocks shook off yesterday's surprise sell-off and rebounded Thursday after reports showed a stable labor market amid a cooling U.S. 22, 2023: For today's live markets coverage, see here.
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