03:51 PM EST, 11/24/2025 (MT Newswires) -- Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.6%.

In corporate news, Philip Morris ( PM ) and other tobacco stocks were lower in recent Monday trading after California Attorney General Rob Bonta and the City of New York, together with 23 other state attorneys general, sent a letter to Shopify ( SHOP ) urging the e-commerce platform to take action against merchants selling illegal tobacco products, particularly e-cigarettes. Philip Morris ( PM ) shares fell 2.4%, British American Tobacco ( BTI ) declined 0.5%, and Altria ( MO ) dropped 1.4%. Shopify ( SHOP ) shares were up 5.6%.

Carvana's ( CVNA ) recent share pullback is overdone and investors should take advantage of the used car retailer's relative weakness, Wedbush Securities said in a note Monday. Wedbush upgraded its rating on the stock to outperform from neutral, and lifted its price target to $400 from $380. Carvana ( CVNA ) shares jumped 7.2%.

Kohl's (KSS) named Michael Bender its permanent chief executive as the department-store chain seeks to return to comparable sales growth. Earlier this year, Kohl's appointed Bender as interim CEO after terminating former incumbent Ashley Buchanan over violations of the company's conflict of interest policy. Its shares rose 0.8%.

EW Scripps (SSP) confirmed Monday that it has received an offer from rival media company Sinclair (SBGI) to acquire the shares it does not already own in the company for $7 per share. EW Scripps shares jumped 6.2%, and Sinclair rose 1%.