Check out the companies making the biggest pre-market moves: Carmax — Shares rose more than 3.5% after the company posted better earnings and revenue in its first-quarter financial report. CarMax reported earnings of $1.31 per share, well above the 95 cents expected by analysts polled by LSEG. AST SpaceMobile — Shares rose 6% after the company announced Wednesday that it successfully launched three new satellites into orbit as it continues to build a cellular broadband network in space. SpaceX’s Falcon 9 rocket was used for the launch, and the company’s stock price rose nearly 3%. La-Z-Boy — Shares soared 16% after the company announced fourth-quarter retail sales rose 11% year-over-year. La-Z-Boy also delivered revenue and revenue that were broadly in line with FactSet consensus estimates. Lionsgate Studios — The media company fell more than 5% after Netflix denied reports it was interested in acquiring Lionsgate. Shares rose nearly 14% on Tuesday following reports of a possible merger. CHIP MAKERS — A number of semiconductor companies have rebounded after the sharp selloff that hit their stock prices on Tuesday as investors again consider exiting the popular sector in 2026. Intel rose more than 3% in premarket trading Wednesday after falling 8.5% on Tuesday. Advanced Micro Devices rose more than 2.5% on Wednesday, while Broadcom and Qualcomm rose more than 1.5%. Figma — Shares rose 4% after Citi initiated coverage with a buy rating. The bank says Figma has a total addressable market of $25 billion and is still in the early stages of adoption, and analysts are bullish on the stock. Oracle — Shares fell 1% after the company said in a Business Insider report that details that Microsoft ended negotiations on a $3 billion deal to lease the company’s cloud infrastructure over security concerns were inaccurate. Oracle argued that Microsoft is its partner and customer. JABIRU — Shares fell more than 2% even as the company reported third-quarter results with higher profits and sales. Outlook for the current quarter and fiscal year also exceeded expectations.
