AIR - Hot Stocks: KMX rallies on earnings news; BB AIR fall; MX buyback; RKLY drops on guidance

Another round of earnings reports inspired trading before the opening bell on Wednesday. CarMax (NYSE:KMX) rose on its quarterly results, while new financial figures spurred declines for BlackBerry (NYSE:BB) and AAR (NYSE:AIR). In other news, Magnachip Semiconductor (NYSE:MX) received a bid in pre-market action after announcing a stock repurchase plan. Meanwhile, updated revenue guidance inspired a double-digit percentage slide for Rockley Photonics (NYSE:RKLY). Gainers CarMax (KMX) advanced 2% in pre-market action after the company breezed by expectations with its Q3 earnings. The company sold just over 415K cars in the quarter, up 29% from last year. This fueled a 64% jump in its revenue figure, which climbed to $8.5B and surpassed consensus by over $1B. News of a stock buyback gave a lift to shares of Magnachip Semiconductor (MX). The stock posted a 4% pre-market gain after the firm announced a $75M repurchase program. Decliners BlackBerry (BB) reached breakeven in

For further details see:

Hot Stocks: KMX rallies on earnings news; BB, AIR fall; MX buyback; RKLY drops on guidance