Take a look at the top companies that made headlines long before the bell rang.

CarMax (KMX) – The auto retailer’s stock jumped 5.1% in premarket trading after CarMax beat estimates on the top and bottom lines for its latest quarter, as well as posting comparable dealer sales that were above analyst forecasts.

Tesla (TSLA) – Tesla shares rose 3.4% in the premarket after CEO Elon Musk said he has now sold enough stock to reach his goal of selling 10% of his shares. Musk actually has increased his Tesla holdings over the same time due to exercising options.

BlackBerry (BB) – BlackBerry reported a breakeven quarter, on an adjusted basis, compared with analyst forecasts of a 7 cents per share loss. The strong demand for cybersecurity software helped to boost revenue, although the current quarter forecasts is below some analyst expectations.

Caterpillar (CAT) – Caterpillar rose 1.6% in the premarket after Bernstein upgraded the heavy equipment maker’s stock to “outperform” from “market perform.” Bernstein claimed that worries about the end of the 2022 cycle for machinery upgrades are unfounded.

CalAmp (CAMP) – CalAmp lost an adjusted 8 cents per share for its latest quarter, surprising analysts who had expected a profit of 8 cents per share. Software and products for wireless data communications, including software, saw their revenue drop below expectations. Key factor contributing to this was component shortages. CalAmp fell 15.7% during premarket actions.

Alibaba (BABA) – Alibaba shares fell 4% in the premarket after Atlantic Equities downgraded the Chinese e-commerce company’s stock to “neutral” from “overweight.” It is expressing concern that Alibaba shopping platforms Tmall, Taobao and Taobao will not see improvements in their performance over the next few years.

Darden Restaurants (DRI) – Darden Restaurants was upgraded to “buy” from “hold” at Stifel Financial, which pointed to the Olive Garden parent’s upbeat quarterly results last week. Stifel believe that the stock fell after this report. However, Stifel also believes that it was due to Gene Lee’s retirement announcement in May. Premarket trading saw Darden add 1.1%.

Williams-Sonoma (WSM) – Williams-Sonoma was upgraded to “buy” from “hold” at Loop Capital, which thinks the household products retailer has a “premier” brand and that the tailwinds provided by the pandemic will continue well into 2022.

Coinbase Global (COIN) – The cryptocurrency infrastructure company was named a “top pick” for 2022 at Oppenheimer, which pointed to an accelerating move into the mainstream for digital assets.