In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a small gain. At the time of writing, the benchmark index is up slightly to 6,988.6 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:
Airtasker Ltd (ASX: ART)
The Airtasker share price is up 15% to 73.5 cents following the release of its second quarter update. That update revealed that its gross marketplace volume (GMV) rose 39% quarter on quarter to $48.6 million. Pleasingly, management appears confident its strong form can continue and has upgraded its second half guidance. It now expects second half GMV of $107 million to $110 million, up from $105 million previously.
ARB Corporation Limited (ASX: ARB)
The ARB share price has jumped 9% to $46.70. This follows the release of a first half trading update from the 4×4 parts manufacturer. ARB advised that it achieved unaudited sales revenue of $359 million for the half, representing growth of 26.5%. On the bottom line, the company expects to report a profit before tax of $90 million to $92 million.
Bubs Australia Ltd (ASX: BUB)
The Bubs share price is up 6% to 47.2 cents. Investors have been buying this infant formula company’s shares following the release of its second quarter update. That update revealed a strong rebound in daigou sales, which underpinned an 8% quarter on quarter and 56% year on year increase in quarterly sales revenue to $19.9 million.
Sezzle Inc (ASX: SZL)
The Sezzle share price is up 5% to $2.46. This follows the release of the buy now pay later provider’s fourth quarter update. Sezzle reported underlying merchant sales (UMS) growth of 74.9% to US$561 million (A$772.2 million). This was driven by a 76% increase in active merchants to 47,000 and a 51.5% jump in active customers to 3.4 million.
The post Why Airtasker, ARB, Bubs, and Sezzle shares are pushing higher appeared first on The Motley Fool Australia.
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More reading
- Why the Airtasker (ASX:ART) share price is rocketing 17% higher today
- Sezzle (ASX:SZL) share price higher after reporting 75% Q4 sales jump
- Bubs (ASX:BUB) share price jumps 14% amid strong daigou-fuelled Q2 growth
- Zip (ASX:Z1P) share price tumbles 10% as top broker questions possible Sezzle play
- 2 compelling ASX growth shares that are now great value: brokers
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia has recommended ARB Corporation Limited and BUBS AUST FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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