Consumer Sector Update for 11/08/2018: CARG,CVNA,WYNN

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Top Consumer Stocks

WMT +0.52%

MCD +0.53%

DIS -0.42%

CVS +0.14%

KO -0.16%

Consumer stocks were mixed this afternoon, with shares of consumer staples companies in the S&P 500 posting a slightly more than 0.1% decline in recent trade while shares of consumer discretionary firms in the S&P 500 were up 0.2%.

Among consumer stocks moving on news:

(+) CarGurus ( CARG ) was surging Thursday, at one point rising 22% only to fall back to an almost 7% advance after reporting Q3 earnings and revenue topping analyst expectations and also issued FY18 forecasts exceeding Street views.

In other sector news:

(+) Carvana Co. ( CVNA ) sped 13% higher on Thursday after the used car e-commerce platform late Wednesday reported triple-digit increases in its Q3 revenue and unit sales compared with the prior-year period and projected similarly sized gains for 12 months ending Dec. 31.

(-) Wynn Resorts ( WYNN ) dropped 12% during Thursday trading. The casino operator on Wednesday reported adjusted Q3 EPS of $1.68 per share, ahead of the $1.67 expected by Wall Street, according to the Capital IQ consensus.

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This article appears in: Business , Commodities
Referenced Symbols: CARG , CVNA , WYNN

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