CarMax (KMX)

The auto retailer’s stock slumped 12.1% in the premarket
after the company missed estimates on both the top and bottom lines for its
latest quarter. CarMax said “affordability challenges” led to a sharp decline
in sales in the final months of the quarter.

Rite Aid (RAD)

Rite Aid tumbled 14.2% in the premarket after posting a
smaller-than-expected loss for its latest quarter. The drug store operator’s
revenue was slightly above analyst forecasts. However, Rite Aid slashed its
adjusted earnings guidance range for the full year.

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Apple (AAPL)

Apple fell 2.2% in the premarket trading after Bank of
America Securities downgraded it to neutral from buy. The firm said Apple has
held up relatively well in a down market, but it expects a negative impact on
the company from weakening consumer demand.

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PG&E (PCG)

The stock gained 1.2% in premarket trading after the
utility company filed for permission from California regulators to separate its
non-nuclear generation assets into a standalone subsidiary.

Bed Bath & Beyond (BBBY)

Shares of the housewares retailer declined 5.5% in
premarket action after it posted a wider-than-expected quarterly loss and sales
that fell short of consensus. Gross margins also dipped as the company moved to
clear out excess inventory.

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MillerKnoll (MLKN)

MillerKnoll declined 7.3% in the premarket after its
quarterly profit exceeded analyst estimates, although revenue fell short. The
office furniture maker cited a tough macroeconomic environment and announced
various steps to improve near-term profit and cash flow, including reduced
spending and a voluntary retirement program.

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Vail Resorts (MTN)

The resort operator’s stock rallied 4.1% in premarket
action after reporting a smaller-than-expected quarterly loss and revenue that
beat analyst forecasts. Vail said it is seeing strong demand for ski season
passes and full-year sales that have recovered after pre-pandemic levels.

Jefferies Financial (JEF)

Jefferies shares added 1.6% in the premarket after posting
a higher-than-expected quarterly profit on the back of upbeat merchant banking
results offsetting a slide in dealmaking activity.

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Warner Bros. Discovery (WBD)

The media giant fell 1% in premarket trading after it was
sued by shareholders for allegedly making false statements about the performance
of its HBO Max streaming service ahead of the merger of the former Discovery
Communications and AT&T’s Warner Media unit.

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Occidental Petroleum (OXY)

Occidental added 15 in premarket action after Berkshire
Hathaway (BRK.B) bought 5.99 million more Occidental Petroleum shares this
week, according to an SEC filing. That increases Berkshire’s stake in the
energy producer to 20.9%. The purchases came after Occidental shares lost about
20% of their value in less than a month.