CarGurus Inc. shares fell more than 11% in the extended session Monday after investors looked past a better-than-expected quarter for the online car-selling platform to zero in on weaker current-quarter guidance. CarGurus CARG, +0.21% lost $23.7 million, or 21 cents a share, in the fourth quarter, contrasting with gains of $159 million, or 20 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 35 cents a share. Revenue fell 22% to $223.1 million. Analysts polled by FactSe ...

Mounting problems at plane manufacturer Boeing could see Ryanair forced to cut its schedules and increase prices by another 10%, the budget airline’s CEO Michael O’Leary has reportedly warned.The low-cost carrier’s schedules were drawn up on the basis it would receive 50 of the 57 Max 737-8200s it has ordered, but major issues at manufacturer Boeing BA, -0.33% could now see the company receive just 30 planes by the end of June, O’Leary said in a press conference on Friday, according to the Guardian and othe ...

Nvidia’s spectacular growth is hard to quantify sometimes. But this chart, from Sonu Varghese, global macro strategist at the Carson Group, helps put things in perspective. It’s shows how Nvidia’s NVDA, +0.36% earnings — or, to be more precise, analyst expectations of its earnings in 12 months’ time — have soared well beyond its stock price, leading actually to a 102-point multiple contraction over the last two-plus years. ...

Nvidia Corp.’s NVDA, +0.36% meteoric rise makes it not only the third-largest company in the U.S. in terms of market capitalization, but also bigger than most other countries’ economies, based on gross domestic product. The chip maker’s stock closed at $788.17 on Friday, giving it a market value of $1.97 trillion. That figure is greater than the GDP of every nation in the world but 11, beating the likes of Russia, South Korea and Australia, according to February International Monetary Fund data compiled ...

The keepers of the Dow Jones Industrial Average have been very good at making sure the changes they make to the venerable stock-market barometer are seamless to investors, but nobody’s perfect.How the 128-year old index DJIA is constructed is a secret closely guarded by S&P Dow Jones Indices. But some things, such as the influence each stock has, are known once changes are made.There’s also the matter of the “Dow jinx,” which has seen new members tend to underperform the members they replaced. The Dow is di ...

Several exchange-traded funds that buy stocks with exposure to artificial intelligence surged Thursday after closely watched AI beneficiary Nvidia Corp. beat earnings expectations.The Global X Robotics & Artificial Intelligence ETF , which has around $3 billion of assets under management, closed 4.4% higher, according to FactSet data. Megacap semiconductor company Nvidia NVDA was the ETF’s biggest holding on Wednesday at around 18.9% of its net assets, holdings data on Global X’s website show. “We think the ...

Following a quarter when Nvidia Corp. grew data-center revenue and earnings each by more than 400%, another number illustrates the company’s dominance even more. Among the record-setting elements of Nvidia’s NVDA, +0.36% stunning fiscal fourth quarter was its 76% GAAP gross margin, which was up from 66% a year before. Nvidia forecasts that margin will remain around the same level for its ongoing quarter. Nvidia’s gross margins appear to be the second highest in the semiconductor industry, behind only those ...

Banks may have cut back on some of their branches, but maintaining a retail presence remains a priority even in the age of the smartphone.That’s the message from PNC Financial Services Group Inc. PNC, +1.25%, JPMorgan Chase & Co. JPM, +1.06% and other banks that continue to open new branches in some areas, even as they scale back in others.“Bank branches are more than just expensive billboards, they signal a bank’s commitment to the community,” said David Schiff, a senior partner with consulting firm West M ...

A roughly 10% pullback in DraftKings Inc.’s stock following last week’s earnings report makes for an “attractive” entry point, according to one analyst. Barclays’ Brandt Montour upgraded the stock to overweight from equal weight Friday, writing that the online-gambling company has an “underappreciated” position in the iGaming business as well as ample opportunity to capitalize on sports-betting traction.DraftKings shares DKNG, +0.22% were up 3% in Friday’s premarket action. See also: Why DraftKings bulls ar ...

Jensen Huang saw his net wealth increase by $9.6 billion on Thursday following a major surge in Nvidia’s share price that has lifted the wealth of the world’s richest billionaires, according to Bloomberg’s Billionaire Index.  The Nvidia CEO saw his overall wealth increase to $69.2 billion after shares in the California chip maker he founded in 1993 jumped more than 16% after it outstripped expectations in posting exceptional fourth-quarter results. Nvidia’s NVDA, +16.40% results saw the company report a 265 ...