SBUX - Hot Stocks: KMX falls on earnings; SBUX downgrade; NVS restructuring; AGLE files with FDA

CarMax (NYSE:KMX) drew significant attention in Tuesday's pre-market action, falling on weaker-than-expected quarterly results. Starbucks (SBUX) also took its share of the spotlight, weighed down by an analyst's downgrade. Novartis (NVS) generated headlines as well, following reports that it plans a massive restructuring that includes sizable job cuts. Looking to one of the morning's notable gainers, Aeglea (AGLE) posted a double-digit percentage gain before the opening bell. The rally followed the filing of a crucial regulatory application.  Decliners CarMax (KMX) lost ground in pre-market action, weighed down by disappointing quarterly results. The car dealer announced a Q4 profit that missed analysts' expectations, despite revenues that rose 49% from last year. Commenting on the results, the company noted headwinds like declining consumer confidence, issues with vehicle affordability and a lack of stimulus that had boosted results previously. On the earnings news, shares slipped almost 3%. Elsewhere in the market, investors showed

For further details see:

Hot Stocks: KMX falls on earnings; SBUX downgrade; NVS restructuring; AGLE files with FDA