Carmax Climbs; Darden Jumps on Sales Beat; Accenture Falls
On this episode of Stock Movers:
- CarMax (KMX) shares rise 10% ahead of the bell after the used-car seller reported comparable sales and earnings per share for the first quarter that beat consensus estimates.
- Shares of Darden (DRI,) the parent company of casual dining chains Olive Garden and LongHorn Steakhouse, are up 3.3% in premarket trading after the company reported comparable sales growth for the fourth quarter that topped the average analyst estimate. The company’s board also authorized a new share repurchase program worth up to $1 billion of common stock.
- Accenture (ANC) shares are down 4% in premarket trading, after the IT services company reported its third-quarter results and gave an outlook. Analysts highlighted bookings as a weak spot of the print.
- Circle Internet Group (CRCL) shares are set to extend gains, rising 14% in premarket trading. The stablecoin issuer rallied almost 34% on Wednesday after the US Senate passed stablecoin legislation setting up regulatory rules for crypto currencies pegged to the dollar.
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