Why the Eagers Automotive (ASX:APE) share price lifted today

The Eagers Automotive Ltd (ASX: APE) share price is in the green today, while the most of the ASX is firmly in the red. This comes after the company provided an update on the sale of its Daimler operations.

The automotive company’s shares closed today’s trade at $15.66, up 1.62%. In comparison, the S&P/ASX 200 Index (ASX: XJO) is sitting at 7,025 points, down 0.8%.

What did Eagers announce?

Investors pushed the Eagers Automotive share price higher after digesting the latest news from the company.

In its announcement, Eagers Automotive advised it has completed the sale of its Daimler Truck Operations to Velocity Vehicle Group.

Based in the United States, Velocity Vehicle Group operates as an automotive retailer. The group…