The S&P/ASX 200 Index (ASX: XJO) is back on form and charging higher. In afternoon trade, the benchmark index is up 1.9% to 8,872.3 points.
Four ASX shares that are rising more than most today are listed below. Here’s why they are storming higher:
Bravura Solutions Ltd (ASX: BVS)
The Bravura Solutions share price is up 27% to $2.28. This wealth management software provider’s shares are jumping today after it upgraded its guidance for FY 2026. Bravura now expects revenue to be between $280 million and $285 million (previously $265 million and $275 million) and cash EBITDA to be between $69 million and $73 million (previously $55 million and $65 million). This reflects increased project engagement across customers and business units, which is expected to continue into the second half.
CAR Group Limited (ASX: CAR)
The CAR Group share price is up 8% to $26.51. Investors have been buying the auto listings company’s shares following the release of its half-year results. CAR Group reported an 8% increase in revenue to $626 million, an 11% lift in EBITDA to $324 million, and a 16% jump in net profit after tax to $143 million. The company’s managing director and CEO, William Elliott, said: “CAR Group has delivered a strong first half, achieving excellent financial results with double-digit growth across our key financial metrics. This is a great outcome and reflects the strength of the business model and the continued execution of our strategy.”
Pepper Money Ltd (ASX: PPM)
The Pepper Money share price is up 27% to $2.23. This follows news that annuities company Challenger Ltd (ASX: CGF) is in advanced talks to jointly acquire Pepper Money with Pepper Group ANZ HoldCo. The proposal offers Pepper Money shareholders cash consideration equal to $2.60 per share, less any dividends. Management warned: “Discussions are ongoing, however there is no certainty that a more certain proposal will be forthcoming or that the Indicative Proposal will result in a definitive agreement.”
Web Travel Group Ltd (ASX: WEB)
The Web Travel share price is up 18% to $3.49. Investors have been buying this travel technology company’s shares on the cheap after they crashed deep into the red on Friday. It seems that some investors believe the market overreacted to news that Spanish authorities are auditing the company’s operations in the country.
The post Why Bravura, CAR Group, Pepper Money, and Web Travel shares are storming higher appeared first on The Motley Fool Australia.
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More reading
- This beaten down ASX tech stock just jumped 10%. Here’s why
- Why is the Web Travel share price rocketing 19% on Monday?
- Why Bougainville Copper, Brainchip, Challenger, and HMC Capital shares are falling today
- Bravura shares soar 23% on guidance upgrade
- Pepper Money shares pop 25%, Challenger slips 3% on take-private deal
Motley Fool contributor James Mickleboro has positions in Web Travel Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bravura Solutions. The Motley Fool Australia has recommended CAR Group Ltd and Challenger. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.