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Stocks moving in after hours: Delta Air Lines, JetBlue, Rivian, Utz Quality Foods, CarMax

Yahoo Finance Live anchor Seana Smith looks at several trending stocks in the after-hours trading session.

Video Transcript

DAVE BRIGGS: Let's take a look what's moving after hours.

SEANA SMITH: All right, Dave, we've got a couple of names up here on the board. Let's start with the airline stocks because we're expecting some news tomorrow. The FAA to announce new flight attendants, that flight attendants will be getting more rest time. Currently, it's mandated that they get 9 hours here. The congress has pushed for 10. We're expecting that announcement tomorrow morning.

Of course, the airline industry has had a tough year-- a couple of years, I should say. Year to date, Delta is off just around 27%, United off 25%, American off 33%, JetBlue also firmly in the red, off 53% year to date. We know the airlines have been struggling with staffing issues. So it will be interesting to hear the comments after the update that we're expected to get tomorrow from the FAA.

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Let's talk about Rivian here, a mover after hours. The company reaffirming its production guidance for the year, which actually missed the Street's expectations for the year. It still expects to produce just around 25,000 vehicles. The Street was looking for 26,000 vehicles. Third quarter production estimate-- or third quarter production numbers, excuse me, missed what the Street was looking for, coming in light, just above 7,000. Deliveries also coming in just a bit light.

Taking a look at Rivian here, closing the day off just over 3%. Year today, been a tough go at it for the company, off just around 69%. But again, it's that full year guidance number that missed what the Street was looking for. That's a big reason why the stock is under pressure here.

Utz Quality Foods, a big update here in terms of some executive announcements. Dylan Lisette is stepping down as CEO. He's going to become the company's executive chairman. We're not seeing a lot of movement here after hours in the stock. He's been the CEO with the company since 2013. The new CEO is Howard Freeman. He's coming to us from post operations here. He will be the next CEO. It's going to be effective December 15.

The company also reaffirming its 2022 sales outlook. Year to date, relatively speaking, Utz has actually fared the downturn pretty well, off just around 5 and 1/2%. For the past three months, been a bit better, shares in the green, up just around 3 and 1/2%.

CarMax, the dismal report that we got from the company last week had been weighing on shares. After the bell today, Adam Jonas from Morgan Stanley reducing his price target to 90 bucks a share. He had it at 124, saying that the earnings risk to the company that's expected to come over the next several months because of their exposure, and obviously, their involvement in the used car market. This comes as rates have risen. People are pulling back on their spending.

The one-week chart, let's take a look at that. Shares off just around 15%. We can see the drop on Thursday morning after they reported results. Again, CarMax, so for the day, ending in the green at 67.74. Jonas's new price target is 90 bucks a share.