KMX - Crude Oil Moves Lower; CarMax Posts Downbeat Earnings | Benzinga
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining 1% on Thursday.
The Dow traded up 0.58% to 33,745.23 while the NASDAQ rose 1% to 13,223.61. The S&P 500 also rose, gaining, 0.81% to 4,309.27.
Check This Out: HP, Roblox And 2 Other Stocks Insiders Are Selling
Leading and Lagging Sectors
Materials shares rose by 0.9% on Thursday.
In trading on Thursday, utilities shares fell by 1.7%.
Top Headline
CarMax Inc (NYSE: KMX) reported weaker-than-expected earnings for its second quarter.
The company posted a second-quarter FY24 revenue decline of 13.2% year-on-year to $7.07 billion, versus the analyst consensus estimate of $7.03 billion. EPS of $0.75 missed the consensus estimate of $0.78.
Equities Trading UP
Bionomics Limited (NASDAQ: BNOX) shares shot up 247% to $3.4006 after the company announced the ATTUNE trial met its primary endpoint showing BNC210 treatment led to a statistically significant reduction in total PTSD symptom severity at 12 weeks.
Shares of Baudax Bio, Inc. (NASDAQ: BXRX) got a boost, shooting 86% to $0.5590 after the company announced it was granted orphan drug designation by the FDA for TI-168 for the treatment of Hemophilia A with inhibitors.
Chico's FAS, Inc. (NYSE: CHS) shares were also ...