1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:17,440 --> 00:00:18,800 Speaker 2: Let's take a look at some of the stocks on 5 00:00:18,840 --> 00:00:20,479 Speaker 2: the move today. We can do that with bloomerks at 6 00:00:20,520 --> 00:00:21,880 Speaker 2: least tell at least what are you looking at all? 7 00:00:21,960 --> 00:00:24,480 Speaker 3: Right? So I want to start with CarMax ticker k MX. 8 00:00:24,520 --> 00:00:26,759 Speaker 3: Their shares have been up as much as three percent 9 00:00:27,240 --> 00:00:30,240 Speaker 3: logged higher profit sales in the fiscal first quarter. Companies 10 00:00:30,280 --> 00:00:34,360 Speaker 3: sold more cars and that was despite slightly lower prices, 11 00:00:34,400 --> 00:00:37,479 Speaker 3: so it was offset by those higher volumes. It's CEO 12 00:00:37,600 --> 00:00:41,280 Speaker 3: Bill Nash said that Carmacks benefits from its customer centric 13 00:00:41,360 --> 00:00:44,640 Speaker 3: car buying selling the selling experience too, so they say 14 00:00:44,640 --> 00:00:48,080 Speaker 3: people like that if you want the specifics. They posted 15 00:00:48,120 --> 00:00:50,319 Speaker 3: profit just over two hundred and ten million for its 16 00:00:50,320 --> 00:00:53,600 Speaker 3: three months ended May thirty first, higher than a year earlier. 17 00:00:53,680 --> 00:00:57,160 Speaker 3: Quarterly earnings, higher than expected, revenue rows six point one percent, 18 00:00:57,840 --> 00:01:01,400 Speaker 3: same store unit sales incre eight point one percent from 19 00:01:01,480 --> 00:01:06,000 Speaker 3: last year. Carvana shares are also higher because of that too. 20 00:01:06,680 --> 00:01:09,120 Speaker 3: So we go from cars to restaurants. Okay, have you 21 00:01:09,160 --> 00:01:13,000 Speaker 3: ever been to an olive garden, long arm Steakhouse, Capitol Grill, 22 00:01:13,040 --> 00:01:15,679 Speaker 3: Capitol Grills. Chris, Yes, Chris, there we got us. 23 00:01:15,800 --> 00:01:17,920 Speaker 2: I kind of liked the butter on the steak at 24 00:01:17,920 --> 00:01:20,280 Speaker 2: the roots, Chris, I think that's a little cheesy. 25 00:01:20,400 --> 00:01:22,880 Speaker 3: I think that's pretty. No, it's the list. I know, 26 00:01:23,800 --> 00:01:26,880 Speaker 3: I love it. They're all darted restaurants. Right. So tick 27 00:01:26,959 --> 00:01:31,600 Speaker 3: r DRI of just over one percent, slightly better than 28 00:01:31,600 --> 00:01:35,560 Speaker 3: expected sales is earnings did edge down a bit. Said 29 00:01:35,640 --> 00:01:37,800 Speaker 3: sales were higher because of a few things, a mix 30 00:01:37,840 --> 00:01:40,600 Speaker 3: of growing same restaurant sales, but also they had sales 31 00:01:40,600 --> 00:01:43,440 Speaker 3: remits purchased of more than one hundred Chewys Tex Mex 32 00:01:43,560 --> 00:01:46,400 Speaker 3: restaurants and twenty five net new restaurants, so they had 33 00:01:46,440 --> 00:01:50,320 Speaker 3: some sales there. Specifics earnings of three hundred and three 34 00:01:50,400 --> 00:01:52,920 Speaker 3: million for the fourth quarter, slightly down from three hundred 35 00:01:52,920 --> 00:01:56,360 Speaker 3: and eight million over in the prior year. And finally, 36 00:01:56,400 --> 00:01:59,080 Speaker 3: we had stable coin issuer circle. We've been hearing a 37 00:01:59,080 --> 00:02:02,480 Speaker 3: lot about them. Yes, yes, So this is ticker CrCL 38 00:02:02,680 --> 00:02:05,680 Speaker 3: up about twelve percent. I mean it's sorted thirty four percent. 39 00:02:05,720 --> 00:02:08,760 Speaker 3: On Wednesday, the Senate passa Genia SEC that's the built 40 00:02:08,800 --> 00:02:11,600 Speaker 3: to regulate stable coins. So it basically sets up these 41 00:02:11,720 --> 00:02:14,919 Speaker 3: regulatory rules for cryptocurrencies that are peg to the dollar. 42 00:02:15,200 --> 00:02:17,960 Speaker 3: And then on top of that you had Seaport Global Securities. 43 00:02:18,040 --> 00:02:20,920 Speaker 3: They initiated coverage of Circle with the recommendation of buy 44 00:02:21,040 --> 00:02:22,640 Speaker 3: and they like it. You know what. They say that 45 00:02:22,680 --> 00:02:26,000 Speaker 3: the company is a top tier crypto distributor. They say 46 00:02:26,040 --> 00:02:29,040 Speaker 3: it has a sizeable future opportunity to so some good 47 00:02:29,080 --> 00:02:31,280 Speaker 3: news off for the company there. As of the last 48 00:02:31,280 --> 00:02:33,280 Speaker 3: closed the stock has risen more than five hundred and 49 00:02:33,280 --> 00:02:36,720 Speaker 3: forty percent from its IPO price of thirty one dollars. 50 00:02:37,520 --> 00:02:41,640 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 51 00:02:41,760 --> 00:02:44,520 Speaker 1: us throughout the day for the latest roundup of companies 52 00:02:44,560 --> 00:02:47,600 Speaker 1: making news on Wall Street and for the latest market 53 00:02:47,639 --> 00:02:52,000 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 54 00:02:52,040 --> 00:02:55,280 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 55 00:02:55,360 --> 00:02:56,840 Speaker 1: the Bloomberg Business app.