Australia's Eagers Automotive jumps on share buyback extension

Eagers Automotive

12/06/2026 02:25

** Shares of Eagers Automotive APE.AX jump as much as 4.1% to A$22.64, their highest level since May 27
** Stock has gained more than 7% so far in the week, set for its best week since late-March
** On Tuesday, car retailer said it intended to continue its on-market share buyback of not more than 10% of issued share capital
** Stock down 9.5% YTD, including the session's moves

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))