Top Movers | Did CMG Drop 18% Due to Weak Sales and Lowered Forecast?
1. $Chipotle Mexican Grill(CMG)$ plunged 18.61%
Revenue: $3.00B vs $3.02B expected (in line)
EPS: $0.29 adjusted vs $0.29 expected (in line)
Outlook: Same-store sales now expected to decline low-single digits (third consecutive quarter of lowered guidance).Wall Street had expected a 0.7% decline, slightly below Chipotle’s July forecast of flat sales. But Chipotle anticipates to open 350 to 370 new locations as the company aims to expand globally.
CMG stock fell because quarterly revenue missed expectations and the company lowered its same-store sales forecast for the third consecutive quarter, signaling weaker traffic and softer near-term growth.
"While we continue to see persistent macroeconomic pressures, our extraordinary value proposition and brand strength remain strong," said Scott Boatwright, Chief Executive Officer, Chipotle.
2. $Carvana Co.(CVNA)$ plunged 8.74%
Revenue: $5.65B vs $5.06B expected (+11.8% beat)
EPS: $1.03 vs $1.24 expected (missed by 16.9%)
Outlook: Carvana expects to sell more than 150,000 vehicles in the fourth quarter. The company also forecasted adjusted EBITDA at or above the high end of its previous guidance range of $2 billion to $2.2 billion for full-year 2025.
Despite strong revenue and EPS growth, the stock sold off due to narrower margins, a net income miss, and technical resistance at the 50-day moving average. A public short campaign by Jim Chanos also added pressure.
“In Q3, Carvana once again drove industry-leading growth and profitability while crossing over $20 billion revenue run rate scale for the first time,” said Ernie Garcia, co-founder and CEO of Carvana.“We continue to focus on unlocking the structural advantages of our vertically integrated model that strengthen our business and separate our customer offering.”
3. $Roblox Corporation(RBLX)$ fell 2.47%
Revenue: $1.92B vs. $1.68B expected (+14.3% beat)
EPS: -$0.37 vs. -$0.49 expected (+$0.12 beat)
Outlook: Roblox boosted its full-year booking guidance of between $5.87 billion and $5.97 billion to between $6.57 billion and $6.62 billion. Analysts polled by FactSet expected about $6.2 billion on the year. For the fourth quarter, the company expects bookings between $2.00-2.05 billion, representing year-over-year growth of 47-51%.
Roblox shares fell because of profit-taking after the initial post-earnings spike. Investors may have also been cautious about the company’s ongoing losses (EPS still negative at -$0.37) and the risk that the elevated bookings and user growth may not fully translate into near-term profitability. Essentially, even with record user engagement and raised guidance, some traders locked in gains, causing the pullback.
"Our third-quarter results demonstrate the tremendous progress we’ve made toward our goal of capturing 10% of the global gaming market," said David Baszucki, founder and CEO of Roblox. "Our platform and creator ecosystem are healthier than ever before, driven by broad-based strength, new viral hits, and our strategic investments in creator economics."
4. $ServiceNow(NOW)$ rose 2.41%
Revenue: $3.41B vs. $3.35B expected (+1.8% beat)
Adjusted EPS: $4.82 vs. $4.27 expected (+12.9% beat)
Outlook: NOW sees Q4 2025 subscription revenue of $3.42B–$3.43B, accounting for U.S. government shutdown impacts, slightly above analyst estimates of $3.408 billion. FY 2025 subscription revenue guidance reaches $12.84B–$12.85B (raised from prior $12.78B–$12.80B).
ServiceNow’s stock rose after it beat earnings and revenue expectations, showed strong subscription growth, highlighted momentum in its AI business, provided slightly better-than-expected guidance for Q4, and announced a 5-for-1 stock split.
“This outstanding Q3 performance is the clearest demonstration yet that ServiceNow is the AI platform for business transformation,” said ServiceNow Chairman and CEO Bill McDermott. “ From autonomous workflows to AI-driven CRM, ServiceNow is putting AI to work for people, driving massive value creation for customers and shareholders.”
5. $Eli Lilly(LLY)$ rose 3.52%
Revenue: $17.60 B vs. $16.01 B expected (+10% beat)
EPS: $7.02 vs. $5.69 expected (+23% beat)
Outlook: Lilly raised its full-year adjusted profit per share outlook to between $23 and $23.70 per share, up from its previous guidance of $21.75 to $23 a share. It now expects annual revenue to hit between $63 billion and $63.5 billion, up from a previous guidance of $60 to $62 billion.
Shares climbed after the company posted blowout earnings and raised guidance, powered by surging demand for Zepbound and Mounjaro, which together delivered over $10 B in quarterly sales.
“Lilly delivered another strong quarter, with 54% revenue growth year-over-year driven by continued demand for our incretin portfolio,” said CEO David A. Ricks. “We advanced orforglipron through Phase 3 trials, achieved FDA approval of Inluriyo, expanded manufacturing capacity in Virginia, Texas, and Puerto Rico, and continue to drive innovation across our pipeline, positioning the company for sustained growth.”
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