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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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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



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