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Carnival and CarMax shares jump after Q3 earnings beats

Carnival shares rose 13.4% and CarMax gained nearly 5% after both companies beat Q3 earnings estimates on Sept. 29.

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Consumer discretionary stocks have struggled this year, with the sector posting a year-to-date loss of nearly 9% through nine months of 2026, according to MarketBeat Ratings.

On Tuesday, Sept. 29, MarketBeat Ratings said strong third-quarter earnings from Carnival and CarMax, two companies at opposite ends of the consumer cycle, lifted their shares.

Carnival’s stock climbed 13.41% after it beat Q3 earnings estimates, while CarMax rose nearly 5% on its own earnings beat, MarketBeat Ratings reported.

MarketBeat Ratings also tied the broader backdrop to weakening purchasing power, citing elevated inflation and pointing to tariff policy winners and losers within the consumer discretionary space.

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