Check out the companies making headlines in midday trading: CarMax — The stock sank 17% after the used car retailer’s fiscal fourth-quarter earnings fell short of Wall Street’s expectations. Earnings came in at 58 cents per share, versus the 65 cents anticipated from analysts polled by LSEG. Harley-Davidson — The motorcycle stock dropped 9.3% after the company disclosed that board member Jared Dourdeville resigned . The director wrote in a letter that he had “grave concerns about the current state” of Harley-Davidson and its leadership. Dexcom — Shares gained 0.8% after the maker of diabetes monitoring devices received clearance from the U.S. Food and Drug Administration for its G7 15-day device. The device is approved for patients ages 18 and older with diabetes, and is expected to launch in the U.S. in the latter half of 2025. Enact Holdings — The mortgage insurance company climbed 4.4%, boosted by S & P Dow Jones announcing it would replace SolarWinds Corporation in the S & P SmallCap 600, effective April 16. U.S. Steel — The steelmaker shed 9.5% after President Donald Trump said on Wednesday that he did not want to see U.S. Steel go to Japan, implying he is not supportive of Nippon Steel’s bid for the company. Automakers — Shares of key American carmakers reversed some of the massive gains seen in the prior session amid fears the companies could still feel the pain of tariffs. Shares of Ford and General Motors pulled back 3.8% and 4.4%, respectively. On Thursday, UBS downgraded General Motors to neutral, citing the effect of tariffs on costs and auto demand. Goldman Sachs downgraded Ford to neutral, also pointing to higher tariff costs as a headwind. QuantumScape — The battery manufacturer tumbled 6.9% following a downgrade to sell from neutral at UBS. The bank cited potential production and supply chain disruptions as one driver for the downgrade. Warner Bros. Discovery — The entertainment stock plummeted 12.5% after China said it would restrict imports of Hollywood films in the latest escalation of the global trade war. Capri Holdings — Shares fell 10.6% during midday trading after Prada agreed to buy Versace from Capri for $1.375 billion, which includes its debt. “Magnificent Seven” stocks — Megacap technology titans sold off on Thursday, after rallying during the prior session following Trump’s 90-day pause on reciprocal tariffs. Tesla was the group’s laggard, shedding 7.3% after Wall Street analysts cut their price targets on the electric vehicle maker. Meta , Apple and Nvidia followed, dropping 6.7%, 4.2% and 5.9%, respectively. Banks — Shares of bank stocks plunged on Thursday amid the broad market sell-off, with the SPDR S & P Bank ETF (KBE) sinking 5.9%. Major financial institutions Goldman Sachs and Citigroup slid 5.2% and about 4%, respectively, while Bank of America fell 3.5%. Janover — Shares surged 64.2% after the software firm completed its first purchase of the Solana token. Earlier this week, Janover announced a new treasury management strategy focused on crypto. — CNBC’s Sean Conlon, Michelle Fox, Alex Harring, Tanaya Macheel, Jesse Pound and Pia Singh contributed reporting. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!