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Carnival Rises, Carmax Climbs, Jefferies Rises on Banking Record
Description
On this episode of Stock Movers:
- Carnival (CCL) shares rise. Carnival shares jump as much as 14% on Tuesday, the most intraday since April 8, after the cruise line operator boosted its adjusted earnings per share forecast for the full year. The company said both booked occupancy and pricing are at record levels for 2027, while 2028 is “off to an excellent start at higher occupancy and prices than last year.”
- Carmax (KMX) shares rose after the company reported comparable used-vehicle sales that expanded more than expected. The used-car retailer's second-quarter sales from locations in operation for at least a year were up 13%, surpassing the 5.6% growth analysts had expected.
- Jefferies (JEF) shares gain. The firm's investment bank and equity-trading desks pulled off record quarters, with revenue at the investment-banking business rising 17% to $1.3 billion and equity-trading revenue increasing 29% to $626 million. Jefferies' CEO and President said they remain confident in the long-term outlook for the business as they continue to reposition the platform by reducing capital allocated to certain existing funds.
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