See the companies making the biggest moves in premarket trading: Peloton Interactive – Shares rose 15% after the fitness company announced that CEO Barry McCarthy will step down while it searches for a permanent CEO. Peloton also has a restructuring plan in place that will cut 15% of its workforce, or about 400 employees. Peloton, once a darling of the pandemic, has seen its shares fall. The stock is down 47% year to date. Qualcomm – Shares rose more than 5% after the chipmaker posted last-quarter adjusted earnings of $2.44 per share on Wednesday, beating analyst estimates of $2.32 per share, according to LSEG. The top end of Qualcomm's current quarter revenue forecast was higher than Street expectations, with the company citing demand for smartphones that require the most advanced chips. Wayfair – Shares rose 5.5% after the furniture retailer's revenue exceeded analyst expectations, narrowing losses after laying off 13% of its workforce at the start of the year, the company said Thursday. Still, Wayfair's revenue fell in the first quarter. Carvana – The used car seller rose 36% after posting first-quarter sales of $3.06 billion on Wednesday, above analysts' consensus estimate of $2.67 billion. On Thursday, Morgan Stanley upgraded the stock to overweight and said shares could rise 50%. Cigna – The insurer rose 1% after first-quarter adjusted earnings of $6.47 per share exceeded the $6.22 expected by analysts surveyed by LSEG. Revenues of $57.25 billion also surpassed the consensus estimate of $56.52 billion. Moderna – Shares rose 2% after the drugmaker posted a narrower-than-expected loss of $3.07 in the first quarter, versus the expected loss of $3.58 from analysts surveyed by LSEG. Revenue came in at $167 million, ahead of the consensus estimate of $97.5 million. Cardinal Health – The drug distributor lost 2% after fiscal third-quarter revenue of $54.91 billion fell short of analysts' consensus estimate of $56.05 billion, according to LSEG. But Cardinal exceeded adjusted earnings expectations. Nio – The Chinese electric vehicle maker's U.S.-listed shares rose 5% after Nio said it delivered 15,620 vehicles in April, more than double the period a year earlier. DoorDash – Shares fell 7% a day after the food delivery service said it lost 6 cents per share on first-quarter revenue of $2.51 billion, wider than LSEG analysts' consensus estimate for a loss of 4 cents per share, but above the average forecast of $2.45 billion in revenue. Etsy – The online marketplace lost 13.5% after adjusted first-quarter earnings of 48 cents per share missed the 49 cents per share expected by analysts surveyed by LSEG. Zillow – The stock fell 6% after the real estate market issued weak guidance for the current quarter. Zillow estimated second-quarter revenue at $525 million to $540 million, versus $559.2 million expected by analysts polled by FactSet. eBay – Shares fell nearly 4% a day after the online trading platform issued weak second-quarter guidance, expecting revenue between $2.49 billion and $2.54 billion, while analysts surveyed by LSEG expected $2.56 billion had estimated. Shake Shack – The hamburger chain added 4% after first-quarter adjusted earnings of 13 cents per share exceeded the 10 cents per share expected by analysts, according to LSEG. Revenue of $291 million was in line with estimates. Freshworks — The software development company fell 27% after reporting second-quarter revenue of $168 million to $170 million and full-year revenue of $695 million to $705 million. Analysts polled by FactSet expected $172.1 million for the quarter and $708.3 million for the year. Qorvo – The semiconductor company fell nearly 10% after issuing weak guidance in its fiscal first quarter and expected earnings of 60 to 80 cents per share, versus the $1.27 expected by analysts polled by FactSet. – CNBC's Jesse Pound, Lisa Han, Pia Singh and Tanaya Macheel contributed reporting.