Eagers Automotive (ASX:APE) share price edges higher on trading update

The Eagers Automotive Ltd (ASX: APE) share price is climbing in early morning trade following the release of a trading update. At the time of writing, the automotive retailer’s shares are swapping hands for $15.57, up 0.39%. In comparison, the S&P/ASX 200 Index (ASX:XJO) is flat at 7,055 points.

How did Eagers Automotive perform for the period?

Eagers Automotive shares are within sights of breaking new territory after the company delivered a strong result.

For the quarter ending 31 March 2021, Eagers Automotive expects to report an underlying operating profit before tax of around $98 million. On a statutory basis, the group…