Pre-Open Stock Movers:

KAR Global (NYSE: KAR) 67.7% HIGHER; Carvana (NYSE: CVNA), the industry pioneer for buying and selling cars online, has signed a definitive agreement to acquire ADESA’s US physical auction business, a wholly owned subsidiary of KAR Global (NYSE: KAR), subject to customary closing conditions, for $2.2 billion in cash. ADESA U.S. is the second largest provider of wholesale vehicle auction solutions in the United States with 56 sites and approximately 4,500 corporate and operations team members. In 2021, the ADESA U.S. business facilitated more than one million transactions through those sites, which total approximately 6.5 million square feet of buildings on more than 4,000 acres.

LivePerson (NASDAQ: LPSN) 34.7% LOWER; reported Q4 EPS of ($0.70), $0.24 worse than the analyst estimate of ($0.46). Revenue for the quarter came in at $123.8 million versus the consensus estimate of $123.88 million. LivePerson sees FY2022 revenue of $544.8-563.3 million, versus the consensus of $598 million. The company received multiple downgrades following the report.

Farfetch Limited (NYSE: FTCH) 33% HIGHER; reported Q4 EPS of ($0.03), in-line with the analyst estimate of ($0.03). Revenue for the quarter came in at $666 million versus the consensus estimate of $676.9 million.

Foot Locker (NYSE: FL) 24.6% LOWER; reported Q4 EPS of $1.67, $0.19 better than the analyst estimate of $1.48. Revenue for the quarter came in at $2.34 billion versus the consensus estimate of $2.36 billion. New $1.2 Billion Share Repurchase Program. Foot Locker sees FY2022 EPS of $4.25-$4.60, versus the consensus of $6.49

Everbridge, Inc. (NASDAQ: EVBG) 25% LOWER; reported Q4 EPS of ($0.05), $0.13 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $102.8 million versus the consensus estimate of $102.09 million.

Block (NYSE: SQ) 20.5% HIGHER; reported Q4 EPS of $0.27, $0.02 better than the analyst estimate of $0.25. Revenue for the quarter came in at $4.08 billion versus the consensus estimate of $4.06 billion.

Etsy (NASDAQ: ETSY) 16.7% HIGHER; reported Q4 EPS of $1.11, $0.33 better than the analyst estimate of $0.78. Revenue for the quarter came in at $717.1 million versus the consensus estimate of $684.66 million.

Zscaler (NASDAQ: ZS) 16.2% LOWER; reported Q2 EPS of $0.13, $0.02 better than the analyst estimate of $0.11. Revenue for the quarter came in at $255.6 million versus the consensus estimate of $241.56 million. Zscaler sees Q3 2022 EPS of $0.10-$0.11, versus the consensus of $0.11. Zscaler sees Q3 2022 revenue of $270-272 million, versus the consensus of $256.67 million. Zscaler sees FY2022 EPS of $0.54-$0.56, versus the consensus of $0.52. Zscaler sees FY2022 revenue of $1.045-1.05 billion, versus the consensus of $1.01 billion.

Playtika Holding Corp. (Nasdaq: PLTK) 15.5% HIGHER; announced that its Board of Directors has initiated a process to evaluate Playtika's potential strategic alternatives to maximize value for stockholders. As part of the process, the Board intends to consider a full range of strategic alternatives, which could include a sale of the company or other possible transactions.

Open Lending Corp. (NASDAQ: LPRO) 13.8% HIGHER; reported Q4 EPS of $0.23, $0.08 better than the analyst estimate of $0.15. Revenue for the quarter came in at $51.6 million versus the consensus estimate of $43.09 million.

Beyond Meat (NASDAQ: BYND) 11% LOWER; reported Q4 EPS of ($1.27), $0.56 worse than the analyst estimate of ($0.71). Revenue for the quarter came in at $100.7 million versus the consensus estimate of $101.36 million. Beyond Meat sees FY2022 revenue of $560-620 million, versus the consensus of $637.3 million.

Carvana Co. (NYSE: CVNA) 3% LOWER; reported Q4 revenue of $3.75 billion versus the consensus estimate of $3.52 billion. Also signed a definitive agreement to acquire ADESAs US physical auction business (ADESA U.S.), a wholly owned subsidiary of KAR Global (NYSE: KAR), subject to customary closing conditions, for $2.2 billion in cash.

AMD (NASDAQ: AMD) 0.5% HIGHER; announced that its board of directors approved a new $8 billion share repurchase program. The new authorization is in addition to the $4 billion share repurchase program announced in May 2021, under which the company has repurchased approximately $3 billion of shares of AMD common stock.