Shares of CarMax, Inc. (NYSE: KMX) experienced a significant surge of over 5% in pre-market trading following the announcement of its better-than-expected first-quarter fiscal 2024 financial results. 

The company reported earnings per share (EPS) of $1.44, surpassing the consensus estimate of $0.79. Additionally, CarMax achieved revenues of $7.7 billion, exceeding the consensus estimate of $7.53 billion in revenues for the period.

In pre-market, $KMX is currently trading at $82.81, reflecting a gain of $4.49 or 5.73%.

in other news, Celsius Holdings, Inc. (Nasdaq: CELH), a prominent global fitness drink company, received coverage initiation from Stephens & Co. with an Overweight rating and a price target of $180.

Despite closing at $147.87 on Thursday, the projected price target indicates a potential upside of $32.13 or approximately 21.75%, as per the financial services firm's assessment.

The Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading organic and natural products company, was initiated with an Overweight rating by Stephens & Co., who set a price target of $17.

With Thursday's closing price at $11.94, the indicated price target implies a potential upside of $5.06 or about 42.36% for $HAIN, based on the investment firm's view.

Sovos Brands, Inc. (Nasdaq: SOVO), a consumer packaged goods company offering a diverse portfolio of food products, received a favorable coverage initiation from Stephens & Co. with an Overweight rating and a price target of $23.

Despite closing at $18.74 on Thursday, the assigned price target suggests a potential upside of $4.26 or approximately 22.75% for $SOVO, according to the investment banking firm's analysis.

SunOpta Inc. (Nasdaq: STKL), a leading global organic food company, was also initiated with an Overweight rating by Stephens & Co., who announced a price target of $10.

Based on Thursday's closing price of $6.85, the indicated price target reflects a potential upside of $3.15 or about 45.99% for $STKL, according to the financial services firm's assessment.

These price targets and potential upsides are based on the evaluations and projections of Stephens & Co., indicating the expected appreciation in stock value according to their analysis. Investors should consider these assessments while making investment decisions.

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