Carvana, Western Alliance, J.B. Hunt Transport, Interactive Brokers: After-hour movers
Western Alliance Bancorporation shares trading lower as the company's second quarter earnings report showed deposits beating expectations, but net interest margin and net interest income missing estimates. Carvana stock is trading lower ahead of the company's second quarter results before the bell on Wednesday. J.B. Hunt Transport Services shares slide as the company's second quarter revenue missed expectations. Interactive Brokers stock falls as the company's second quarter EPS and revenue missed expectations. Yahoo Finance's Seana Smith takes a look at several stocks moving in the after-hours trading session.
Video Transcript
AKIKO FUJITA: All right. Time for some after-hours movers. Seana is watching that for us.
SEANA SMITH: All right.
AKIKO FUJITA: Seana.
SEANA SMITH: Akiko, we've got four stocks for you here-- Western Alliance, Carvana, JB Hunt, and Interactive Brokers. So lots of movement on the screen. And most of-- actually, all of it tied in some regard to earnings. Let's start with Western Alliance, the regional bank that was caught up in the turmoil that we saw play out within the regional banking sector earlier this year.
That's off about 5% here on its earnings. Results now, deposits, that was one of the key data points within this report, that actually beat the Street's expectations, totaling $51 billion. But they did miss a net interest margin they also missed a net interest income, one of the reasons here that we're seeing so much pressure in extended trading.
Net interest income coming in at $550 million. The estimate was for $579 million. So a bit short there. We're looking at a drop of just about 6%.
Let's move on to Carvana. A bit of news after the close today. And that stock off just about 10%. We're going to get quarterly results from Carvana before the bell tomorrow morning. And this is a stock that has certainly been caught up with the meme trade. It's been a favorite here among investors at least as of late. We have seen pretty significant gains in Carvana's stock. But remember, lots of questions just about what the future of this company is going to look like, what their need, how much money they're going to need to raise in order to remain within business here and also steer the company in the right direction.
JPMorgan was recently out with a note in just the last week, I believe, saying that they believe the stock is going to fall just over 70% here from the current levels, given all of the concern around Carvana's business model. So those are results you're going to want to keep an eye on tomorrow.
Let's flip over to JB Hunt, the trucking company. That's under pressure, off just about 1%. Revenue missed expectations, declining 18% on a year-over-year basis. The trucking revenue, that segment, that was up 29%. Last-mile delivery was off about 13%. The company saying that higher wages, also equipment maintenance expenses, that also weighed on their margins during the most recent quarter. So we're seeing some pressure on shares there.
Interactive Brokers, the last company here to roll through, they released quarterly results. That's off just about 2%. It's a good look at the trading platform here. And it also gives us a good look at the retail investor, what they are doing right now, and what that activity looks like. Well, EPS coming up a bit short. That missed expectations revenue as well.
But it did reach $1 billion, up significantly than what-- compared to the levels that we saw just about a year ago. Total customer accounts up 19% on a year-over-year basis, coming in at $2.29 million. That, though, was slightly below what the street was looking for. So as a result, we're seeing some pressure on shares here in extended trading.
