Stock futures edged lower in the premarket hours of Thursday, parsing hawkish Fed Jan minutes amid Walmart (WMT) earnings anticipation.
Here are some of Thursday’s biggest stock movers:
Biggest stock gainers
- Figma (FIG) +15% – Shares jumped after strong Q4 results and upbeat guidance. Revenue rose 40% Y/Y to $303.8M, topping estimates, while net dollar retention hit 136%, weekly active users surged 70% Q/Q, and customers with over $1M in ARR climbed to 67. The company guided Q1 revenue to $315M–$317M, above the consensus of $292.5M, and FY2026 revenue to $1.36B–$1.37B, above the consensus of $1.29B, implying roughly 38% annual growth, alongside expected non-GAAP operating income of $100M–$110M.
- DoorDash (DASH) +13% – Shares surged as strong order growth and upbeat guidance outweighed a Q4 top- and bottom-line miss. Orders climbed 32% to 903M, and GOV jumped 39% to $29.7B, both above expectations, while the Q1 outlook for GOV ($31B–$31.8B) and EBITDA ($675M–$775M) came in strong. Investors looked past softer margins and heavy investment spending, focusing on demand momentum and growth visibility.
- Occidental Petroleum (OXY) +4% – Shares rose after beating Q4 profit estimates, boosting investor confidence with stronger finances and shareholder returns. The company raised its quarterly dividend by over 8% to $0.26 per share and cut debt by $5.8B following the January 2 completion of its OxyChem sale, bringing total principal debt down to about $15.0B and reinforcing its balance-sheet improvement story.
Biggest stock losers
- Carvana (CVNA) -16% – Shares plunged as investors focused on profitability concerns despite strong Q4 volume and revenue growth. Sales jumped 58% Y/Y to a record $5.6B, and retail units topped expectations, but gross profit per vehicle declined, and wholesale profitability weakened. Adjusted EBITDA rose to $511M but missed estimates, margins narrowed to 9.1%, and the absence of near-term sales guidance added to caution, overshadowing the company’s long-term targets.
- Avis Budget Group (CAR) -12% – Shares dipped after Q4 results missed expectations, as ongoing repositioning efforts weighed on performance, including another charge tied to reducing the carrying value of its U.S. EV fleet. Management said it is tightening fleet discipline, strengthening the balance sheet, and improving customer experience as it heads into 2026 with a focus on more sustainable earnings growth.