Carvana, Designer Brands, REV Group And Other Big Stocks Moving Higher On Thursday

U.S. stocks traded higher, with the Nasdaq Composite rising around 70 points on Thursday. Here are some big stocks recording gains in today’s session.

• Carvana Co. CVNA shares jumped 27% to $19.70 after the company said it expects to achieve adjusted EBITDA over $50 million and total gross profit per unit above $6,000 in the second quarter.
• REV Group, Inc. REVG shares rose 18.4% to $13.92 as the company reported better-than-expected results for its second quarter and raised FY23 outlook.
• Designer Brands Inc. DBI surged 16.5% to $8.40 following first-quarter results.
• eXp World Holdings, Inc. EXPI surged 14.2% to $19.07 after S&P Dow Jones Indices the company will replace Heska Cop in the S&P Smallcap 600.
• 4D Molecular Therapeutics, Inc. FDMT shares gained 13.8% to $20.80 after the company announced interim clinical data from its 4D-710 Phase 1/2 AEROW clinical trial for the treatment of cystic fibrosis lung disease.
• AVITA Medical, Inc. RCEL rose 11.8% to $16.46.
• Evotec SE EVO gained 11.1% to $12.54 after Citigroup upgraded the stock from Neutral to Buy.
• Aurora Innovation, Inc. AUR gained 9.4% to $2.0450. Canaccord Genuity, on Wednesday, initiated coverage on the stock with a Buy rating and $5 price target.
• International Game Technology PLC IGT climbed 9.3% to $30.12. IGT plans to explore strategic alternatives for its Global Gaming and PlayDigital businesses.
• Cactus, Inc. WHD gained 8.8% to $40.85 after the company announced a $150 million stock repurchase program.
• Privia Health Group, Inc. PRVA rose 8.5% to $27.43 after S&P Dow Jones Indices said the company will replace Ruth's Hospitality in S&P Smallcap 600.
• SentinelOne, Inc. S gained 7.6% to $14.72 after JP Morgan maintained an Overweight rating on the stock and raised the price target from $16 to $18.
• Wayfair Inc. W rose 7.4% to $52.93. B of A Securities maintained Wayfair with a Buy and raised the price target from $55 to $60.
• Amyris, Inc. AMRS gained 7% to $1.04.
• Nikola Corporation NKLA rose 6.5% to $0.6325. Nikola said that its 2023 Annual Meeting of Stockholders has been adjourned to July 6, 2023 at 1 p.m. Pacific Time to allow stockholders additional time to vote FOR Proposal 2.
• Warner Bros. Discovery, Inc. WBD gained 6.5% to $14.02 after CNN CEO Chris Licht on Wednesday stepped down.

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