Investing.com - Financial Markets Worldwide

Tesla, Cloudflare and Carvana rise premarket; KB Home falls

AuthorPeter Nurse
Published 25/03/2025, 13:02
© Reuters
BARC
-0.51%
CTAS
-1.42%
MKC
0.06%
KBH
0.30%
MS
-0.31%
AEP
-1.68%
TSLA
3.02%
UNF
0.35%
CVNA
1.27%
ALC
-1.86%
NET
0.50%
CNM
-0.24%

Investing.com -- U.S. stock futures slipped lower Tuesday, handing back some of the previous session’s sharp gains as investors await more news over President Trump’s trade policy.

Here are some of the biggest premarket U.S. stock movers today:

  • Tesla (NASDAQ:TSLA) stock rose 1.9% despite data showing the electric car maker’s European sales slumped just over 40% in February as it grappled with tough competition and growing ire towards the political activities of CEO Elon Musk.

  • McCormick (NYSE:MKC) stock fell 2.9% after the spice and flavoring company reported first-quarter earnings that fell short of analyst expectations.

  • KB Home (NYSE:KBH) stock slumped 8% after the homebuilder cut its revenue guidance for the 2025 fiscal year after missing both top-and bottom-line estimates in the first quarter.

  • UniFirst (NYSE:UNF) stock fell 10% after competitor Cintas (NASDAQ:CTAS) terminated talks to take over the uniform rental company.

  • American Electric Power (NASDAQ:AEP) stock fell 1.8% after the power company announced plans to undertake a $2 billion secondary sale of common stock through Citigroup and Barclays (LON:BARC).

  • Cloudflare (NYSE:NET) stock rose 6.1% after Bank of America double-upgraded the cybersecurity company to “buy” from “underperform”, a move driven by the company’s improving fundamentals and significant growth potential in AI and network security.

  • Alcon (NYSE:ALC) stock rose 0.9% after Bank of America upgraded its stance on the medical device and pharmaceutical company to “buy” from “neutral”, saying it is “on the cusp of an earnings upgrade cycle driven by product launches.”

  • Carvana (NYSE:CVNA) stock rose 5.5% after Morgan Stanley (NYSE:MS) lifted its stance on the online used car retailer to “overweight” from “equal weight”, saying “a sharp pull-back in the share price offers a unique opportunity for investors to gain exposure to a leader in auto retail and fleet fulfillment.”

  • Core & Main (NYSE:CNM) stock fell 5.1% after the water infrastructure company missed profit estimates for the fourth quarter of fiscal year 2024.

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