Activist Starboard Value started new positions in two consumer stocks, according to a recent regulatory filing. The hedge fund reported adding food processing name Lamb Weston and used auto retailer Carmax in the period ended March 31. Both positions are valued at around $258 million. The two stocks notched gains in the first quarter. Lamb …
Returns for Carvana are likely to moderate following the used-car stock’s dizzying rallies in recent years, largely due to a combination of macroeconomic headwinds, according to Bank of America. The bank downgraded Carvana to neutral from buy, and lowered the stock’s price target to $360 from $400, which still implies nearly 15% upside from Thursday’s …
An electric vehicle (EV) is left to charge at a charging station in Tehran on February 23, 2026. Atta Kenare | Afp | Getty Images The sprawling Middle East crisis is expected to spur drivers to abandon traditional internal combustion engine vehicles in favor of EVs, analysts told CNBC, although early evidence suggests this will …
Andresr | E+ | Getty Images For a growing share of new-car buyers with a vehicle to trade in, an unwelcome part of their old loan follows them in their new purchase: negative equity. An estimated 30.5% of car buyers with a trade-in owe more than the car is worth, according to J.D. Power’s automotive …
These are some of the stocks posting the largest midday moves. Source link
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as U.S. oil futures surged to their highest level since 2024, and what’s on the …
Customers near a Ford Maverick pickup truck at a Ford dealership in Richmond, California, US, on Wednesday, April 16, 2025. David Paul Morris | Bloomberg | Getty Images DETROIT – The strength of the U.S. automotive industry will face an early test this spring that has nothing to do with cars or trucks. With tax …