Stocks Making the Biggest Moves Midday: Klarna, Blue Owl, Deere, Avis Budget, Wayfair & More
Published Thu, Feb 19 2026 12:37 PM EST
By Michelle Fox, CNBC
At midday trading on Thursday, several notable stocks saw significant price movements as investors reacted to earnings reports, guidance updates, and other corporate developments. Here’s a rundown of some of the most active stocks making the biggest moves in the market.
Klarna Shares Plummet on Disappointing Guidance
Shares of Klarna, the buy now, pay later fintech company, dropped approximately 25% after the company issued cautious guidance that fell short of Wall Street’s expectations. Klarna forecasted first-quarter operating income between $5 million and $35 million, excluding certain items, which was well below the FactSet consensus estimate of $61.9 million. The company’s fourth-quarter operating income also missed estimates, coming in at $47 million versus the expected $57 million.
Blue Owl Capital Shares Drop Nearly 10% Following Loan Sale Announcement
Alternative asset manager Blue Owl Capital’s stock declined nearly 10% after it announced the sale of $1.4 billion in loans from three private debt funds at 99.7% of par value. The proceeds from the sale will be used to return capital to investors and pay down debt. Additionally, the company suspended redemptions at Blue Owl Capital Corp II, a private credit strategy aimed at retail investors. Peer alternative asset managers Ares, Blackstone, and KKR also saw declines of 5%, almost 6%, and over 3%, respectively.
Omnicom Shares Surge 13% on Strong Revenue and Buyback Announcement
Marketing company Omnicom experienced a 13% jump in shares after reporting fourth-quarter revenue of $5.5 billion, a nearly 28% increase year-over-year. The company also announced a $5 billion share buyback program including a $2.5 billion accelerated share repurchase initiative, bolstering investor confidence.
Lockheed Martin Hits All-Time High Amid Rising Demand
Lockheed Martin shares rose 2% to an all-time high, extending a three-month gain of 41%. The defense contractor highlighted increased global demand from the U.S. and allied countries for integrated air and missile defense systems during a Citigroup investment conference earlier in the week.
Walmart Edges Higher as Investors Bet on Conservative Guidance
Walmart reversed earlier losses in premarket trading and edged higher as investors viewed its forward guidance as potentially conservative. The retail giant expects net sales to grow between 3.5% and 4.5%, with adjusted earnings per share projected in the range of $2.75 to $2.85, slightly below the $2.96 consensus estimate from analysts polled by LSEG.
Deere Posts Strong Quarterly Beat; Shares Jump 13%
Farm equipment manufacturer Deere rallied 13% after reporting first-quarter earnings of $2.42 per share on revenues of $8 billion, surpassing analyst expectations of $2.05 per share on $7.69 billion in revenue.
DoorDash Rises 4% Despite Mixed Results
DoorDash shares gained 4% as the food delivery company reported a 32% increase in total orders for the fourth quarter and a 38% revenue increase year-over-year. However, both top- and bottom-line results slightly missed analyst estimates.
Etsy Shares Up 11% Following Depop Sale Announcement
Etsy’s stock jumped 11% after the company announced it would sell Depop, its consumer-to-consumer fashion marketplace, to eBay for $1.2 billion in cash, subject to certain price adjustments. Etsy reported earnings of 92 cents per share, beating the 84 cents expected, while revenue of $882 million narrowly missed estimates.
Figma Surpasses Expectations, Stock Rises 7%
Design software maker Figma’s shares gained 7% after reporting adjusted earnings of 8 cents per share on $303.8 million in revenue for the fourth quarter, beating expectations of 7 cents per share and $293.15 million. The company also noted a 40% year-over-year revenue increase for the period.
Carvana Shares Tumble 11% on Weak Adjusted EBITDA
Used car seller Carvana’s stock dropped 11% after reporting fourth-quarter adjusted EBITDA of $511 million, falling short of the $539.2 million consensus.
Molson Coors Falls 6% on Weak Forecast
Molson Coors Beverage shares declined about 6% following a full-year earnings forecast that expects a decline of 11% to 15% in earnings per share, missing the modest 1.9% growth anticipated by analysts. The company cited commodity inflation as a significant headwind.
Occidental Petroleum Surges 8% After Strong Earnings Beat
Natural gas producer Occidental Petroleum gained 8% after posting an adjusted profit of 31 cents per share for the fourth quarter, significantly beating analyst expectations of 17 cents per share, driven by strong oil production.
Six Flags Entertainment Up 7% Despite Loss Per Share
Amusement park operator Six Flags’ stock rose 7% after reporting adjusted EBITDA of $165.5 million and revenue of $650.1 million, both surpassing estimates. However, the company reported a loss of 91 cents per share, larger than the 33-cent loss expected.
Chewy Rises 4% on Analyst Upgrade
Online pet food retailer Chewy rose 4% after receiving an upgrade from Raymond James to “outperform” from “market perform,” citing an attractive risk/reward following recent stock weakness.
Avis Budget Group Shares Plunge 22% on Disappointing Results
Shares of rental car company Avis Budget Group dropped 22% after reporting adjusted EBITDA of $5 million in the fourth quarter, far below the $145.8 million expected by analysts. Revenue also missed forecasts at $2.66 billion versus an expected $2.74 billion.
Wayfair Shares Fall 10% Despite Q4 Beat
Home goods retailer Wayfair saw shares decline 10% even after beating top and bottom-line estimates for the fourth quarter. The stock was weighed down by slightly weaker-than-expected international revenue of $395 million compared to the $398.3 million StreetAccount consensus.
Reporting contributed by CNBC’s Pia Singh, Sarah Min, Fred Imbert, Christina Cheddar Berk, Scott Schnipper, and Nick Wells.
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