: Carvana, CarMax stocks rise ahead of autoworkers’ contract expiration

Shares of used-car retailers Carvana Co. CVNA rallied more than 12%, and shares of CarMax Inc. KMX rose around 2%, in midday trading Thursday, with just hours to go for a contract’s expiration for autoworkers at Ford Motor Co. F, General Motors Co. GM, and Stellantis NV STLA. Union and companies remain far apart ahead of the 11:59 p.m. Thursday expiration, and the United Auto Workers has vowed to strike at all three companies if no deal is reached.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.