Stock movers of the day: Mongodb, GameStop, Carvana, Academy Sports

Yahoo Finance's Jared Blikre looks at the top stock movers of the day, including Carvana and other auto dealers.

Video Transcript

DAVE BRIGGS: All right, some big moves on the board with just a couple of minutes to go in the trading hour. Let's get to Jared Blikre with what is moving, and of course, why, my friend. Good to see you.

JARED BLIKRE: Good to see everybody here. We got-- well, we got an earnings story today. Tech underperforming, and it's here that we begin our journey with MongoDB. You can see it's up 22% for the day. And here's a one-year chart. This is after beating on third quarter earnings and delivering a fourth quarter revenue outlook that was, quote, "much better than expected." That's according to JMP Securities, which likes the company's strong leadership team, attractive market opportunity, and impressive growth at scale.

Now, JMP is upgrading the stock to outperform with a price target of 215. And sticking with software, kind of, we're going to have to switch gears here for a little bit and go to our meme stock board. But I'm talking about GameStop. And here we go, GameStop is down about 5%. It's reporting after the bell today, but not before. The stock likely closed its lowest close in six months. The Street is looking for net sales of $1.29 billion on an adjusted loss per share of $0.29.

Take that with a grain of salt. Only two firms cover the stock. The computer game retailer just began a round of layoffs on Monday. That is according to Axios. And you can bet Yahoo Finance's Brian Sozzi going to be all over management tomorrow morning, should they come out with that usual eight-minute earnings call later this evening.

Now, also got to cover another stock. This is kind of a train wreck, and this is Carvana. We've been following this saga all year long. And this stock is down 43% today. And this-- by the way, it started the day down 98%, and now it's down another 40% plus in the intervening hours. Vertigo or don't look down.

The company is reportedly in talks with advisors Kirkland & Ellis, as well as Moelis & Co, and this is on debt restructuring. The company's unsecured bonds are trading below $0.45 on the dollar. I could go on, but it's increasingly look like Carvana's ticker will soon be appended with a Q. Best of luck.

Finally, we're going to take a look at a retailer here, and that is Academy Sports Outdoors. And let's see if we can find this on an equal weighted basis. There, at the number one spot, is ASO. And you can see this is a chart is over the last year. This rocketed to a record high today after lifting its earnings share forecast for the year. Bears are noting that the company cut its annual comparable sales target.

However, Evercore rates the stock an outperform with a price target of $60 and is saying on the report, bottom line, gross margin is, quote, "holding up better than anticipated," and it should be enough for the stock to hold on, even with a comp sales deceleration.