U.S. Movers: Advance Auto Parts, Autodesk, Copart, Deckers Outdoor, Intuit, Ralph Lauren, Ross Stores

Scott Peters
23 May, 2025
New York City

Intuit Inc. surged 8% to $719.10 after the financial technology platform operator reported strong third-quarter results and raised its full-year outlook.

Revenue increased to $7.75 billion from $6.74 billion, net income jumped to $2.82 billion from $2.39 billion, and diluted earnings per share rose to $10.02 from $8.42 a year ago.

The company guided fourth-quarter revenue to be between $3.723 billion and $3.760 billion, an increase of 17% to 18% from $3.2 billion, and non-GAAP diluted earnings per share between $2.63 and $2.68, compared to $1.99 a year ago, respectively.

For the full year, Intuit estimated revenue to be between $18.723 billion and $18.760 billion, an increase of 15% from $16.3 billion, and non-GAAP earnings per share between $20.07 and $20.12, compared to $16.94 a year earlier, respectively.

Copart Inc. dropped 3.1% to $58.75 despite the online vehicle auction company reporting higher revenue and earnings in the third quarter of fiscal 2025.

Revenue edged up 7.5% to $1.21 billion from $1.13 billion, net income jumped 6.4% to $406.61 million from $382.29, and diluted earnings per share rose to 42 cents from 39 cents a year ago.

For the nine months to April 30, revenue climbed 11.2% to $3.52 billion from $3.17 billion, net income edged up 11.1% to $1.16 billion from $1.04 billion, and diluted earnings per share increased 10.3% to $1.18 from $1.07 a year earlier.

Ross Stores Inc. plunged 11.4% to $134.86 after the off-price apparel and home fashion chain reported slightly lower earnings for the first quarter of 2025.

Revenue edged up to $4.98 billion from $4.85 billion, net earnings declined to $479.25 million from $487.99 million, and diluted earnings per share rose to $1.47 from $1.46 a year ago.

During the quarter, the company repurchased 2.0 million shares for a total of $263 million, and $1.05 billion remained under repurchase authorization through fiscal 2025.

“The earnings guidance range includes an approximate $0.11 to $0.16 per share cost impact from announced tariffs,” the company said in a release to investors.

The department store retailer said comparable store sales in the second quarter are projected to be flat to up 3% on top of a 4% gain in the same period last year.

The company estimated earnings per share to be between $1.40 and $1.55, compared to $1.59 a year earlier.

Deckers Outdoor Corp. slipped 15.2% to $106.86 despite the footwear, apparel, and accessories retailer reporting steady fourth-quarter 2025 results.

Net sales climbed to $1.02 billion from $959.76 million, net income jumped to $151.41 million from $127.54 million, and diluted earnings per share rose to $1.00 from 82 cents a year ago.

Domestic net sales of $647.7 million were flat, while international sales increased 19.9% to $374.1 million from $312.0 million as compared to last year, respectively.

During the quarter, the company repurchased approximately 1.778 million shares at an average price of $149.62 per share for a total of $266.0 million, and approximately $2.5 billion remains under repurchase authorization.

The company guided first-quarter net sales to be between $890 million and $910 million, compared to $825.35 million, and diluted earnings per share between 62 cents and 67 cents, compared to $4.52 a year ago, respectively.

Autodesk Inc. surged 3.3% to $304.79 after the 3D software developer reported higher revenue in the first quarter of fiscal 2026.

Revenue edged up to $1.63 billion from $1.42 billion, net income slipped to $152 million from $252 million, and diluted earnings per share fell to 70 cents from $1.16 a year ago.

Separately, the company announced new funding, technology, and support to accelerate rebuilding efforts in wildfire-affected areas of Los Angeles, following this January's devastating fires across the region.

Ralph Lauren Corp. inched up 0.03% to $277.50 after the lifestyle products retailer reported strong fourth-quarter 2025 results.

Revenue edged up to $1.70 billion from $1.57 billion, net income jumped to $129.0 million from $90.7 million, and diluted earnings per share rose to $2.03 from $1.38 a year ago.

The company returned $625 million to shareholders through dividends and repurchases and approved a 10% dividend increase and a $1.5 billion expansion of the existing share repurchase program.

The fashion retailer guided fiscal 2026 revenue to grow at low single digits on a constant currency basis, compared to $7.08 billion a year earlier.

Advance Auto Parts Inc. advanced 0.7% to $49.50 after the automotive aftermarket parts provider reported first-quarter 2025 results.

Net sales declined to $2.58 billion from $2.77 billion, net income dropped to $24 million from $40 million, and diluted earnings per share fell to 40 cents from 67 cents a year ago.

Advance Auto Parts surged more than 57% in the previous session after the company backed its annual outlook despite tariff pressures.

The company guided full-year net sales to be between $8.40 billion and $8.60 billion, compared to $9.09 billion, and comparable store sales to increase between 0.5% and 1.5%, following a decrease of 0.7% in the previous year, respectively.

The company reaffirmed full-year adjusted earnings per share to range between $1.50 and $2.50. 

Auto Parts plans to open 30 new stores and 10 new market hubs during the current fiscal year.