Key Highlights

● Chipotle rose on comparable sales that beat estimates.

● Carvana jumped on record revenue and net income.

● Several other big names fell sharply the same evening.

● The split showed investors sorting carefully between companies.

Wednesday evening's earnings rush was rough for many big names, as Alphabet, ServiceNow, Fortinet, Sprouts Farmers Market and Ford all fell in extended trading. But two consumer-facing companies swam against the tide, with Chipotle Mexican Grill and Carvana both climbing after the bell.

Chipotle's comparable sales rose by more than analysts expected, according to market summaries, and revenue climbed, enough to lift the shares in extended trading even though earnings per share and margins declined from a year earlier, with the burrito chain keeping its full-year outlook unchanged.

Carvana's Record Quarter

Carvana, the online used-car retailer, reported record revenue and record net income, according to market summaries, with one source also reporting that the Securities and Exchange Commission had closed its investigation of the company with no enforcement action.

The shares climbed in extended trading following the strong results and the reported closure of the SEC investigation, with the record profit the standout figure in the report.

The After-Hours Losers

The broader after-hours picture was weaker, as Alphabet slid sharply after missing estimates, ServiceNow tumbled after its results and guidance underwhelmed, and Fortinet also sank in extended trading. Sprouts Farmers Market tumbled on a broad miss, and Ford slipped after its report.

Not everything fell, as Microsoft climbed after beating estimates, and KLA, O'Reilly Automotive, eBay and Gen Digital also rose in extended trading, according to market summaries, showing investors were sorting carefully between companies that evening.