Biopharma Telix Pharmaceuticals Ltd (ASX: TLX) share price is trading lower this morning, despite the company announcing the completion of its acquisition of Swiss-based company, TheraPharm.

At the same time, the company also announced that TheraPharm has now completed an intellectual property (IP) agreement with the University of Southampton in the United Kingdom.

At the time of writing, the Telix share price is trading at $3.59, down 4.27%.

About the TheraPharm acquisition

Telix advised it has now acquired all of the issued capital of TheraPharm for the final upfront consideration of €10.2 million (A$16.5 million). This was done at a price of $3.75 per share. That deal was first announced in late November.

Telix also reported today that TheraPharm has now acquired the IP rights to Y-besilesomab from the University of Southampton.

Y-belY-besilesomab is a therapeutic product that Telix intends to develop for bone marrow conditioning (BMC) in patients undergoing hematopoietic stem cell transplant (HSCT) for blood cancers.

Telix says the agreement today provides it with exclusive rights to clinical data generated by the University of Southampton.

Under the terms of the agreement, Telix will pay the university approximately GBP £0.875 million (A$1.54 million) in future clinical, regulatory and commercial milestones – as well as a low single-digit royalty on net sales of commercial products.

Telix says that early observations from the university’s study demonstrate promising safety and efficacy results for Y-besilesomab as a BMC agent for patients with SALA (systemic amyloid light chain amyloidosis).

In addition, Y-besilesomab has been granted orphan drug designation (ODD) status in Europe for the broad indication of BMC, and has significant potential for fast-track development for the treatment of SALA.

Telix CEO, Dr Christian Behrenbruch, welcomed today’s development, saying:

We are delighted to be entering into collaboration with the University of Southampton, and moving Y-besilesomab into the next stage of development for the treatment of patients with SALA, following appropriate consultation with European regulatory authorities.

Other recent developments

Telix has made other progress lately.

Just last week, it announced to the market that the United States FDA has deemed that the company’s new drug application (NDA) for its flagship drug TLX591-CDx to be sufficient, and that the FDA will begin a formal review.

At the same time, the company announced that it was granted priority review status from Australia’s drugs regulator TGA.

This priority review granted Telix a significantly accelerated timeframe of 150 working days for product dossier review and approval.

About the Telix share price

The company’s progress in 2020 is reflected in the Telix share price, which has gained almost 140% this year. However, it still has a mountain to climb to reach its 52-week high of $4.33. 

The company currently commands a market cap of approximately $1 billion.

More reading

• The Telix (ASX:TLX) share price is on the move today. Here’s why.
• Telix (ASX:TLX) share price slips despite priority review status
• Why Flight Centre, Fortescue, Kogan, & Telix shares are racing higher
• Why has the Telix (ASX:TXL) share price shot up 5% today?
• Why Laybuy, Mesoblast, Sandfire, & Telix shares are charging higher

Motley Fool contributor Eddy Sunarto has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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At lunch on Monday the S&P/ASX 200 Index (ASX: XJO) is on course to start the week strongly. At the time of writing, the benchmark index is up 0.55% to 6,680.1 points.

Here’s what has been happening today:

Altium offloads TASKING business.

The Altium Limited (ASX: ALU) share price is a fraction higher today after announcing the sale of its TASKING business for US$110 million. The electronic design software company is selling the non-core asset so it can focus on its Altium 365 platform. The deal is expected to be finalised in the first quarter of the 2021 calendar year, subject to standard conditions and regulatory approval.

Afterpay pushes higher on ASX 20 and ASX 50 inclusion.

The Afterpay Ltd (ASX: APT) share price has started the week very strongly. This follows news that the buy now pay later provider will be added to both the ASX 20 and ASX 50 indices at the December rebalance. This has given its shares a boost as it means that fund managers with strict investment mandates can now invest and index-tracking funds have to buy shares. Afterpay is replacing insurance giant Insurance Australia Group Ltd (ASX: IAG) in the exclusive ASX 20 index.

NAB MLC sale approved.

The National Australia Bank Ltd (ASX: NAB) share price is pushing higher after the ACCC gave the thumbs up to the sale of its MLC wealth business to IOOF Holdings Limited (ASX: IFL). ACCC Commissioner, Stephen Ridgeway, commented. “Transactions that combine two major firms in a sector will attract close scrutiny from the ACCC. However, feedback from customers, financial advisers and other industry participants suggested that this deal would not be likely to substantially lessen competition.”

Best and worst ASX 200 performers.

The best performer on the ASX 200 today has been the Eagers Automotive Ltd (ASX: APE) share price with a 7% gain. This follows the announcement of the sale of its Daimler truck business to United States-based Velocity Vehicle Group. The worst performer has been the Flight Centre Travel Group Ltd (ASX: FLT) share price with a 5.5% decline. A number of travel shares are sinking lower today. This could be down to profit taking after some strong gains recently.

More reading

• ASX bank shares surge after NAB (ASX:NAB) gets green light to sell MLC
• Why Afterpay, Alcidion, Eagers Automotive, & Pacific Smiles are storming higher
• IOOF (ASX:IFL) share price higher on ACCC green light for acquisition
• What’s lifting the Transurban (ASX:TCL) share price today?
• Trading at record highs, why the Eagers (ASX:APE) share price is lifting again today

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Altium. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. 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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The S&P/ASX 200 Index (ASX: XJO) is having yet another day in the green so far. At the time of writing, the ASX 200 has opened higher and is up 0.45% to 6,672.5 points.

And ASX banking shares are behind much of these gains.

Commonwealth Bank of Australia (ASX: CBA) shares are up 1.37% to $83.52 this morning, a new post-March high.

Westpac Banking Corp (ASX: WBC) shares are up 0.55% to $20.06, while Australia and New Zealand Banking Group Ltd (ASX: ANZ) shares are up 1.31% to $23.24.

National Australia Bank Ltd (ASX: NAB) shares are also joining the party. The NAB share price is up 0.69% to $23.58 at the time of writing.

It’s possible we have NAB to thank for these moves today, as NAB (now the second-largest ASX bank on the ASX 200) received some welcome news this morning.

NAB offloads MLC

According to reporting in the Australian Financial Review (AFR), NAB has received the green light from the Australian Competition and Consumer Commission (ACCC) to sell its MLC wealth management business to IOOF Holdings Limited (ASX: IFL).

This sale first hit the news back in late August, with NAB announcing it had come to an agreement with IOOF to sell MLC in its entirety, for a price of $1.44 billion.

At the time, NAB CEO Ross McEwan said the following on why the bank was offloading MLC:

The sale of MLC will enable NAB to prioritise investment and focus on executing our refreshed strategy of delivering simpler, more streamlined products and processes for our customers and colleagues. NAB has taken a disciplined approach over the past two years to transform the business and prepare it for exit.

MLC is a company that provides financial advice and planning, investments, and superannuation services. It has been under NAB’s umbrella since 2000.

According to the AFR, ACCC commissioner Stephen Ridgeway said the following on the decision:

Transactions that combine two major firms in a sector will attract close scrutiny from the ACCC… However, feedback from customers, financial advisers and other industry participants suggested that this deal would not be likely to substantially lessen competition.

NAB isn’t the only bank that’s been offloading assets recently. Just last week, we heard that Westpac was selling its Pacific operations for $420 million.

And earlier in the year, we also learnt that CommBank had finalised its plans to sell a 55% stake in its Colonial First State wealth management business to private equity firm KKR for $1.7 billion.

More reading

• ASX 200 up 0.55%: Altium update, Afterpay jumps, NAB given ACCC approval
• IOOF (ASX:IFL) share price higher on ACCC green light for acquisition
• What’s lifting the Transurban (ASX:TCL) share price today?
• Why the Fortescue (ASX:FMG) share price is up 28% in December
• These are 10 of the best performing ASX tech shares of 2020 so far

Motley Fool contributor Sebastian Bowen owns shares of National Australia Bank Limited. The Motley Fool Australia has no position in any of the stocks mentioned. 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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In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to start the week on a positive note. At the time of writing, the benchmark index is up 0.45% to 6,671.5 points.

Four shares that are climbing more than most today are listed below. Here’s why they are storming higher:

Afterpay Ltd (ASX: APT)

The Afterpay share price is up almost 5% to $105.90. Investors have been buying the payments company’s shares after it was added to both the ASX 20 and ASX 50 indices at the December rebalance. When companies are added to new indices it tends to support its share price. This is because it means fund managers with strict investment mandates can now invest and index-tracking funds have to buy shares.

Alcidion Group Ltd (ASX: ALC)

The Alcidion share price has jumped 8% to 20.5 cents. This follows an announcement this morning which revealed that the South Tees Hospitals NHS Foundation Trust in the United Kingdom has extended its contract. The extension, worth an additional $2 million, will include cloud hosting on Microsoft Azure and Alcidion’s Smartpage clinical communication solution, among other things.

Eagers Automotive Ltd (ASX: APE)

The Eagers Automotive share price is up a sizeable 6% to $14.34. Investors have been buying the auto retailer’s shares after it announced the sale of its Daimler truck business to United States-based Velocity Vehicle Group. According to the release, the sale will deliver a net gain of approximately $32 million to $36 million. It includes the sale of Eagers’ Milperra property, where its Stillwell Trucks operation is based.

Pacific Smiles Group Ltd (ASX: PSQ)

The Pacific Smiles share price has stormed 13% higher to $2.39. This follows the release of a trading update which revealed that its performance has been stronger than expected. According to the release, the dental practice operator expects patient fees to grow by 25% to 30% in FY 2021. This is up from its previous guidance of 20%. As a result, Pacific Smiles expects its underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) growth to be in the range of 35% to 45%. This is up from 25% previously.

More reading

• Pacific Smiles (ASX:PSQ) share price jumps 13%. Here’s why
• Trading at record highs, why the Eagers (ASX:APE) share price is lifting again today
• These are 10 of the best performing ASX tech shares of 2020 so far
• Here’s why the Alcidion (ASX:ALC) share price is charging 8% higher
• Quarterly rebalance: Afterpay (ASX:APT) added to ASX 20, Kogan (ASX:KGN) joins the ASX 200

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Alcidion Group Ltd. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Alcidion Group Ltd. 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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The IOOF Holdings Ltd (ASX: IFL) share price is up today after Australia’s corporate watchdog announced that it would not oppose the proposed acquisition of MLC Wealth Management. At the time of writing, the IOOF share price is up 1.38% at $3.68.

About today’s decision 

The Australian Competition and Consumer Commission (ACCC) has described IOOF and MLC as competitors in the supply of retail platforms for superannuation and other retirement income, and discretionary investments. The two companies also competed in providing corporate platforms for superannuation and other retirement income, financial advice for consumers and investment/asset management, the regulator found. 

“Transactions that combine two major firms in a sector will attract close scrutiny from the ACCC,” ACCC commissioner Stephen Ridgeway said. However, he added, “feedback from customers, financial advisors and other industry participants suggested that this deal would not be likely to substantially lessen competition”. 

The ACCC review indicated that post-acquisition, IOOF would still be competing with and constrained by several other large firms along with a number of smaller firms for the supply of retail platforms. The combined group would still only have a market share of approximately 10 per cent post-acquisition, and that the market would remain highly fragmented. 

Mr Ridgeway said that “despite the profile and size of this transaction, it does not raise concerns under 50 of the Competition and Consumer Act largely due to the fragmented nature of most of the relevant markets and strong constraints form remaining competitors.” 

IOOF response 

IOOF CEO Renato Mota welcomed the decision as a “key milestone in achieving approvals to complete the MLC acquisition”.

Mr Mota said the MLC acquisition was highly complementary and a natural fit with IOOF. He views this as “a unique opportunity to create Australia’s leading wealth manager” along with significant benefits through simplification and transformation for clients, members and shareholders. 

The other regulatory approval required for the transaction to proceed is the receipt of s29HA approval to own or control an Registrable Superannuation Entities (RSE) license from the Australian Prudential Regulation Authority. At this point, IOOF does not expect any change to its stated estimated completion date of prior to 30 June 2021. 

More reading

• IOOF (ASX:IFL) share price lifts after investor briefing
• Are near-zero interest rates the reason the ASX 200 is surging in 2020?
• IOOF (ASX:IFL) accused of butchering its share price
• ASX 200 events this week that could move the market

Motley Fool contributor Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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Last week we saw one of the most anticipated initial public offerings (IPOs) in recent memory from Airbnb Inc (NASDAQ: ABNB).

Aussie tech investors weren’t going to miss out on the opportunity and many were quick to snap up shares in the United States company.

When did Airbnb IPO?

The world-renowned vacation rental online marketplace group listed on the US-based Nasdaq last Thursday and saw its valuation nearly double in a day, closing just shy of US$100 billion.

The Airbnb share price rocketed to US$146 (A$194) at the open despite ongoing market volatility surrounding COVID-19 concerns and the US election.

This also came despite a difficult year in which the travel industry was forced to a grinding halt as the pandemic took hold and many governments closed their borders. That hasn’t slowed down Airbnb nor the IPO market which has been on fire in recent months.

How are Aussie tech investors getting in on the action?

It’s not just US-based investors that are getting in on the IPO action. Business Insider has reported huge interest in the Airbnb IPO from Aussie investors wanting to snap up another tech giant.

Stake Global Head of Marketing Bryan Wilmot reported “huge interest in Airbnb” on the Stake platform with investors having “put almost US$5 million through it”. 

Wilmot said Airbnb had attracted 10 times the trading volume of the recent DoorDash Inc (NYSE: DASH) IPO and 6 times that of fellow travel marketplace Booking Holdings Inc (NASDAQ: BKNG) for the year.

What lies ahead for Airbnb investors?

According to Business Insider, some analysts have concerns over Airbnb’s future trajectory. Warwick Business School professor John Colley said there are “significant” risks attached to the lofty valuation after the Airbnb IPO.

However, many are attracted to the stock due to its potential future growth with the company reporting its second-largest ever third-quarter revenue figure.

Foolish takeaway

Aussie tech investors were quick to snap up a chunk of the Airbnb IPO as investors everywhere piled into the stock. With new listings surging in 2020, all eyes will be on new potential investments as we head into 2021.

More reading

• How to get free Airbnb (NASDAQ:ABNB) shares

Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Booking Holdings. The Motley Fool Australia has recommended Booking Holdings. 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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The Transurban Group (ASX: TCL) share price is off to a positive start this week, with shares in the infrastructure group climbing 0.9% higher in early trade.

What did Transurban announce today?

The group reported that its financing vehicle for the WestConnex Group (WCX) has successfully raised $4.2 billion of new non-recourse debt.

WestConnex Finance Company Pty Limited has raised $3 billion of bank term debt facilities with tenors of 3, 5 and 7 years. The new debt raise was capped off with a $1.2 billion 2-year bridge facility.

Transurban holds a 25.5% stake in WestConnex Group, having led a consortium that purchased a majority stake for $9.2 billion in 2018.

The proceeds from the latest debt raising will be used to refinance existing facilities of $4 billion, which were established when the consortium purchase went through.

Interim CFO Tom McKay was positive on the refinancing, saying it “demonstrates the underlying strength of the WCX business and has delivered a substantial reduction in WCX’s funding costs.”

How has the Transurban share price performed this year?

The group’s share price performance has been soft this year, as the company dealt with the impact of the coronavirus pandemic.

The Transurban share price is down 7.9% for the year to $13.73 per share at the time of writing. In comparison, the S&P/ASX 200 Index (ASX: XJO) is down just 0.5% for the year.

The group’s half-year profits climbed 11% higher in February before COVID-19 restrictions kicked in. That saw traffic numbers halve in May and June, as many would-be commuters settled into work from home mode.

The Transurban share price was under pressure again in August after reporting a 3.4% drop in revenue to record a $153 million statutory loss.

Foolish takeaway

WestConnex Group has taken advantage of the low interest rate environment to raise over $4 billion of new debt to continue propelling its operations forward. The Transurban share price has jumped higher in early trade on the news, giving the company a $37.32 billion market cap on current prices.

More reading

• Why the Fortescue (ASX:FMG) share price is up 28% in December
• These are 10 of the best performing ASX tech shares of 2020 so far
• Here’s why the Altium (ASX:ALU) share price is on watch today
• ASX 200 Weekly Wrap: ASX 200 hits a 6! Thank iron ore
• Quarterly rebalance: Afterpay (ASX:APT) added to ASX 20, Kogan (ASX:KGN) joins the ASX 200

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Transurban Group. 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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The Pacific Smiles Group Ltd (ASX: PSQ) share price has risen by more than 13% in early trade, after the dental operator provided its FY21 guidance this morning. At the time of writing, the Pacific Smiles share price is trading at $2.40, up 28 cents to a new, 52-week high.

What’s driving the Pacific Smiles share price?

The Pacific Smiles share price is surging higher after the company reported it expects patient fees to grow by 25%-30%, up from a previous guidance of 20%.

As a result, Pacific Smiles expects its underlying earnings before interest, tax, depreciation, and ammortisation (EBITDA) growth to be in the range of 35%-45%, revised up from 25%.

The company said the forecast is based on the assumption that trading in the second-half of FY21 will be without significant COVID-19 disruptions.

Pacific Smiles also announced plans for the opening of approximately 14 new dental centres, revised up from 12 previously.

FY21 trading update

As part of today’s announcement, Pacific Smiles also provided a trading update for FY21.

The company advised its same-centre patient fee growth is approximately 14.6% for the financial year to date period, ending 8 December 2020.

Pacific Smiles reported that up to that date, 7 new centres had already opened, with a further 7 sites committed for the rest of FY21.

About the Pacific Smiles share price

Pacific Smiles currently operates 94 dental centres at which independent dentists practise and provide treatments to patients. Revenues and profits are primarily derived from fees charged to dentists for the provision of these fully serviced dental facilities.

Pacific Smiles achieved strong growth before the impact of the coronavirus pandemic. However, in the second half of FY20, the dental service took a significant hit when lockdowns took effect. 

In the first half of FY20, the company’s EBITDA was up 15% to $12.9 million. However for the full year, its underlying EBITDA was $23.5 million, up just 2.9% compared to 2019.

The Pacific Smiles share price however, has gained almost 38% this year. At their current levels, Pacific Smiles shares have now eclipsed their previous 52-week high of $2.19 reached earlier this month.

The company currently commands a market capitalisation of around $325 million.

More reading

• The Emerge Gaming (ASX:EM1) share price is on a rollercoaster ride today
• Trading at record highs, why the Eagers (ASX:APE) share price is lifting again today
• Why the Medical Developments International (ASX:MVP) share price is sinking lower
• The most popular coronavirus stock may lose half its value by 2023
• Why tech investors should watch the Tesserent (ASX:TNT) share price next year

Motley Fool contributor Eddy Sunarto has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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It has been a very volatile day for the Emerge Gaming Ltd (ASX: EM1) share price.

In early trade the eSports and gaming technology company’s shares rocketed a sizeable 16% higher to 11.5 cents.

The Emerge Gaming share price has since given up all these gains and is now down 10% to 8.9 cents.

What is happening?

This morning Emerge Gaming released an update on the subscriber numbers for its MIGGSTER social gaming platform.

According to the company, the MIGGSTER platform is a gaming and eSports community, leveraging technology to deliver immersive gaming entertainment and social engagement to a global online network of gamers.

Through its platform, casual, social, and hardcore gamers can play hundreds of gaming titles against each other via their mobile, console, or PC and earn rewards and win prizes.

Last week the company’s shares came out of a lengthy suspension after announcing that it had achieved 25,674 subscriptions as of 7 December. This was out of a total of over 6 million pre-registrations.

Unsurprisingly, this low conversion rate didn’t go down particularly well with investors and led to the Emerge Gaming share price crashing 50% lower on the day.

Where are its subscriber numbers at now?

This morning the company revealed that it has now achieved 50,860 paying subscribers.

These subscriptions comprise 37,512 annual packages, 5,026 six-month packages, and 8,322 monthly packages.

The company also notes that it has an agreement with Tecnología de Impacto Múltiple (TIM) in which TIM guaranteed a minimum of 100,000 paying subscribers within six months of the launch of MIGGSTER. This means Emerge Gaming is now more than halfway to achieving this milestone.

As part of the agreement, if the target is not reached, TIM will pay Emerge Gaming 50% of the cost of prizes put up.

Management commented: “~74% of subscriptions sold to date are annual subscriptions. Emerge is encouraged by the strong growth of subscriptions and will continue to monitor and report on subscription numbers, platform usage and other key metrics as they transpire.”

More reading

• Why Abacus, Emerge Gaming, Jumbo, & Woodside shares are dropping lower
• Why the Emerge Gaming (ASX:EM1) share price crashed 50% lower today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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After hitting new all-time highs on Friday, the Eagers Automotive Ltd (ASX: APE) share price is moving higher again today.

That’s after the company announced a major asset sale to United States-based, privately owned Velocity Vehicle Group (VVG).

The Eagers share price hit new all-time highs on Friday, closing at $13.53 per share, after releasing an unexpectedly strong trading update. Today at the time of writing, shares in the automotive company are trading at $14.17, up 4.73%.

What’s driving the Eagers share price today?

In an ASX announcement this morning, Eagers Automotive reported the sale of its Daimler truck business to Velocity Vehicle Group, a privately owned company operating 36 commercial truck dealerships in the US.

According to Eagers, the sale will deliver a net gain of approximately $32–36 million. Part of the deal includes the sale of Eagers’ Milperra property, where its Stillwell Trucks operation is based.

Eagers Automotive advised it will continue to own and operate its Webster Truck and Isuzu Truck businesses, already part of its automotive retail division. It plans to incorporate its Hino and Iveco businesses into its automotive retail division after the transaction is complete.

The company said the sale is in line with its continuing process to simplify its business model.

Commenting on the asset sale, Eagers CEO Martin Ward said:

The divestment of our Daimler truck operations represents another key step in the ongoing simplification of our automotive retail business. VVG will be a great home for the Daimler truck business and offers an exciting future.

Eagers Automotive company and share price snapshot

Eagers Automotive operates new and used car, truck and bus dealerships across Australia and New Zealand. Formerly AP Eagers Ltd, the company’s origins go way back to 1913.

Today, Eagers’ portfolio spans over 200 new car dealerships. Eagers also owns more than $300 million worth of real estate in prime locations across the nation.

Shares of the company first began trading on the Australian exchange in 1957. Today, with a market cap of $3.5 billion, Eagers is part of the S&P/ASX 200 Index (ASX: XJO).

The Eagers share price was savaged by the COVID-19 market rout earlier in the year. Shares plummeted 72% from mid-January through to 25 March.

The rebound since then has been remarkable. With the share price up 367% from the March lows, Eagers Automotive shares are up 36% year-to-date.

More reading

• ASX 200 drops on Friday
• Why the Eagers Automotive (ASX:APE) share price broke its all-time record today
• Why Eagers Automotive, IGO, Marley Spoon, & Zip shares are charging higher

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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