Check out the companies making the biggest moves midday: GXO Logistics — The stock popped more than 11% after the supply chain and warehousing management firm raised its full-year earnings outlook. The company now sees EBITDA between $860 million and $880 million. GXO also appointed Patrick Kelleher as CEO, effective Aug. 19. CarMax — Shares jumped 6% after CarMax reported first-quarter results that exceeded analyst expectations. The car retailer earned $1.38 per share on revenue of $7.55 billion. Analysts polled by LSEG expected a profit of $1.16 per share on revenue of $7.52 billion. GMS — The specialty building products stock jumped 26% as a bidding war for GMS has reportedly developed between QXO and Home Depot . QXO said late Wednesday that it was offering $95.20 per share for QXO, while the Wall Street Journal reported Friday that Home Depot had also made an offer privately. Semiconductor stocks — Chipmakers were under pressure after The Wall Street Journal reported, citing sources, that the U.S. wanted to revoke waivers used by major semiconductor names to access American technology in China. Nvidia shed nearly 1%, while KLA lost 2%. The VanEck Semiconductor ETF (SMH) dipped around 1%. Jack in the Box — The fast food stock lost 1% after a Stifel downgrade to hold from buy. The firm said the Trump’s administration’s immigration policies are a headwind for Jack in the Box . Accenture — Shares fell almost 7% after a 6% quarterly drop in new bookings overshadowed fiscal third-quarter earnings and revenue that topped analyst estimates. Circle — The stock continued to climb on Friday, gaining 18%, as investors cheered the Senate approval of its proposed stablecoin legislation , the GENIUS Act. For the week, shares are up 70%. Kroger — The grocery store chain rallied 9% on better-than-expected first-quarter earnings. The company posted a profit of $1.49 per share, excluding certain items. Analysts polled by LSEG expected earnings of $1.46 per share. Kroger also reiterated its full-year earnings guidance. Regencell Bioscience — Shares dropped more than 42%, continuing Regencell’s volatile moves this week after a 38-for-1 split took effect. It jumped more than 280% on Monday and 30% on Tuesday — before falling more than 18% Wednesday. — CNBC’s Brian Evans contributed reporting.
