U.S. Movers: Akamai Technologies, Booking Holdings, Builders FirstSource, Copart, MercadoLibre

Scott Peters
21 Feb, 2025
New York City

Akamai Technologies Inc. plunged 7.2% to $90.97 after the cybersecurity and cloud services provider reported a lower profit in the fourth quarter ending in December.

Revenue increased to $1.02 billion from $995.02 million, net income declined to $139.90 million from $161.16 million, and earnings per diluted share fell to 91 cents from $1.03 a year ago.

The company spent $138 million in the quarter to repurchase 1.4 million shares of its common stock at an average price of $97.43 per share.

Akamai had 150 million shares of common stock outstanding as of the end of 2024.

For the first quarter of 2025, the company estimated revenue between $1 billion and $1.02 billion, compared to $987.0 million in the same period in 2024.

Booking Holdings Inc. gained 2.1% to $5,125 after the travel technology company reported strong financial results for the fourth quarter ending in December.

Revenue increased to $5.47 billion from $4.78 billion, net income surged to $1.07 billion from $222 million, and earnings per basic share jumped to $32.31 from $6.37 a year ago.

Interest and dividend income in the quarter increased to $251 million from $237 million a year earlier.

In addition, the company announced a new share repurchase program of up to $20 billion.

Builders FirstSource Inc. gained 0.1% to $144.50 after the building materials supplier reported lower earnings in the fourth quarter ending in December.

Net sales declined to $3.82 billion from $4.15 billion, net income decreased to $190.2 million from $350.8 million, and earnings per diluted share fell to $1.65 from $2.83 a year ago.

For fiscal 2025, the company estimated net sales between $16.5 billion and $17.5 billion, compared to $16.40 billion in 2024.

Builders FirstSource also guided the adjusted EBITDA between $1.9 billion and $2.3 billion in 2025, compared to $2.33 billion last year.

The adjusted EBITDA margin is expected to be between 11.5% and 13.0%, compared to 14.2% in 2024.

Copart Inc. eased 0.2% to $58.12 after the global provider of online vehicle auction and remarketing services to automotive resellers reported earnings results for the second quarter of 2025 ending in January.

Revenue increased 14% to $1.16 billion from $1.02 billion, net income jumped 19% to $387.40 million from $325.63 million, and earnings per diluted share rose 21.2% to 40 cents from 33 cents a year ago.

MercadoLibre Inc. traded up 12% to $2,364 after the Argentine e-commerce and online auctions company reported strong earnings for the fourth quarter ended in December.

Revenue climbed to $6.06 billion from $4.41 billion, net income surged to $639 million from $165 million, and earnings per diluted share rose to $12.61 from $3.25 a year ago.

The company’s share price has soared since its initial public offering in August 2007.