Stocks making biggest moves premarket: Carvana, Joby, Goldman Sachs
Stocks making biggest moves premarket: Carvana, Joby, Goldman Sachs

A Carvana used car vending machine displays vehicles on December 9, 2022 in Miami.

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Check out the companies making headlines pre-market.

caravan — Shares of online auto retailer Carvana rose 16% after it reached an agreement with noteholders to reduce its total outstanding debt by more than $1.2 billion.

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Interactive Brokers — Shares of Interactive Brokers fell 5% after earnings missed expectations. The company reported adjusted earnings per share of $1.32 for the second quarter. That was below analysts’ expectations of $1.40 a share, according to Refinitiv.

Omnicom — Shares of global marketing company Omnicom fell 6% after revenue missed expectations. Omnicom reported second-quarter revenue of $3.61 billion, below expectations for $3.67 billion, according to the FactSet consensus. The company reported adjusted earnings of $1.81 per share, slightly above earnings estimates and ahead of the consensus estimate of $1.80 per share.

Goldman Sachs — Banks fell 0.3 percent after Goldman Sachs missed second-quarter profit expectations. The company reported earnings of $3.08 per share, missing a Refinitiv forecast of $3.18 per share. Goldman Sachs also reported revenue of $10.9 billion, beating estimates of $10.84 billion.

Joby Air — Electric aircraft stocks fell 6.3% in premarket trading after JPMorgan downgraded the stock to underweight from neutral. The Wall Street firm said Joby’s recent rally was “largely overblown” and was likely the result of short covering. Shares are up 200% so far this year.

Citrus — Shares fell 3.3% after JPMorgan downgraded the movie theater chain to neutral from overweight, citing the impact of a Hollywood actor’s strike.

Johor Bahru Hunter Transportation Services — The transportation and logistics company fell 2.2 percent after reporting disappointing quarterly results. JB Hunt reported second-quarter earnings of $1.81 per share on revenue of $3.13 billion. Analysts polled by Refinitiv had expected earnings of $1.92 a share on revenue of $3.31 billion.

western union bank — Shares in the regional bank fell 2.4 percent after mixed second-quarter earnings results. The company reported earnings of $1.96 per share on revenue of $669 million. Analysts polled by Refinitiv expected earnings of $1.98 a share on revenue of $652 million. The bank reported an increase in deposits during the quarter.

us bank — Shares of US Bancorp fell 1% after the large regional bank reported its second-quarter results. The bank reported adjusted earnings per share of $1.12 on revenue of $7.14 billion. Analysts were expecting earnings of $1.12 a share on revenue of $7.16 billion, according to Refinitiv data.

Nasdaq — Shares rose 0.3 percent after Nasdaq’s second-quarter results topped profit and sales expectations. Nasdaq reported adjusted earnings of 71 cents a share on revenue of $925 million. Analysts had expected earnings of 66 cents a share on revenue of $914.9 million, according to Refinitiv data.

— CNBC’s Michelle Fox, Alex Haring, Hakyung Kim and Jesse Pound contributed reporting.

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