Walmart, Carvana slump premarket; Alibaba rises

Published 02/20/2025, 07:31 AM
© Reuters.

Investing.com - U.S. stock futures inched lower on Thursday as investors assessed crucial earnings from big-box retailer Walmart and digested minutes from the Federal Reserve's latest policy meeting.

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

Walmart (NYSE:WMT) has unveiled an outlook for sales in its 2026 fiscal year that were below forecasts, in a potential sign that the big-box retailer may feel the impact of fading optimism among inflation-hit consumers. Shares fell by more than 8% prior to the opening bell on Wall Street.

U.S.-listed shares in Alibaba (NYSE:BABA) rose by more than 9% in premarket trading after the Chinese e-commerce titan reported better-than-anticipated third-quarter revenue.

Carvana (NYSE:CVNA) shares slumped in premarket U.S. trading on Thursday, as analysts flagged a lack of details around the used-car platform's current year outlook that dampened the impact of strong returns in the fourth quarter.

Birkenstock's (NYSE:BIRK) share price fell after the sandal maker left its annual margin forecast unchanged despite receiving a boost from holiday-season sales.

Shares in Palantir Technologies (NASDAQ:PLTR) dropped following news that CEO Alex Karp had adopted a new stock trading plan, along with a report that the Pentagon has been directed to prepare for annual defense budget cuts of 8% over the next five years.

Grab (NASDAQ:GRAB) issued a full-year revenue forecast that fell short of analysts' expectations, as it faces strong competition in both its food delivery and ride-hailing segments. The outlook sent the Singapore-based group's US-listed shares tumbling more than 8%.

Vimeo (NASDAQ:VMEO) shares fell sharply after the video platform's 2025 guidance for adjusted core income missed estimates, while the firm said it would spend as much as $30 million incrementally in building out the business.

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