Australia's Bapcor hits near 8-month high on upbeat trading update

Bapcor

Thu 04:15

** Shares of Australia's Bapcor BAP.AX rise as much as 17.4% to A$0.91, their highest level since Feb 27
** Stock marks biggest intraday pct gain since Aug 27
** Automotive parts retailer reaffirms FY27 outlook provided in FY26 results in trading update 
** Sees benefits of targeted pricing initiatives implemented during HY26
** Says Q127 auto parts sales increased by 2.5% versus last year
** YTD, stock down nearly 40%

 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))