Ten companies boasted whopping double-digit gains on Thursday, outperforming a lackluster performance on Wall Street, thanks to a combination of impressive earnings releases and a higher growth outlook that sparked investor confidence. Notably, one of the companies more than tripled its share price during the day.
Meanwhile, the Dow Jones fell by 0.74 percent, the S&P 500 declined by 0.37 percent, and the Nasdaq dipped by 0.03 percent.
In this article, we highlight the names of the 10 top performers on Thursday to help you decide whether it is time to book profits or hold further.
To compile the list, we focused on stocks with more than $2 billion in capitalization and 5 million shares in trading volume.
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10. Indivior PLC (NASDAQ:INDV)
Indivior PLC extended its winning streak to a third day on Thursday, jumping 16.09 percent to close at $20.20 after posting an impressive earnings performance and a higher growth outlook for the year.
Indivior PLC (NASDAQ:INDV) announced in its updated report that it swung to a net income of $18 million in the second quarter of the year from a $97 million net loss in the same period last year. Net revenues inched up by 1 percent to $302 million from $299 million year-on-year, thanks to a strong performance in its Sublocade drug, supported by stable prices from its Suboxone drugs.
For the first half, Indivior PLC (NASDAQ:INDV) recorded a $65 million net profit, reversing a $36 million net loss in the same period last year. Revenues, however, dipped by 2.6 percent to $568 million from $583 million year-on-year.
Following the promising results, the company raised its net revenue guidance for full year 2025, now at a range of $1.03 billion to $1.08 billion, versus the $955 million to $1.025 billion previously.
9. Carvana Co. (NYSE:CVNA)
Carvana soared to a new 52-week high on Thursday as investors cheered its strong earnings performance in the second quarter that largely benefited from President Donald Trump’s tariffs on automobiles during the period.
Carvana Co. (NYSE:CVNA), a retailer of used cars, soared to its highest price of $413.22 before early profit-taking pulled its share price lower to end the day just up by 16.96 percent at $390.17 apiece.
In its updated report, Carvana Co. (NYSE:CVNA) said net income in the second quarter climbed by 542 percent to $308 million from $48 million in the same period last year as US tariffs on new car imports shifted consumer demand to used vehicles.
Total revenues also increased by 42 percent to $4.84 billion from $3.41 billion, having sold 143,280 units, or a 41 percent increase from the same period last year.
While results for the second quarter were promising, Carvana Co. (NYSE:CVNA) posted a more conservative outlook for the rest of the year
For the periods between July and September, the company will continue to expect a sequential increase in retail units sold, with adjusted EBITDA of $2 to 2.2 billion for full-year 2025, versus $1.38 billion last year, “as long as the environment remains stable.”
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