Why Eagers Automotive, IGO, Marley Spoon, & Zip shares are charging higher

In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a decline. The benchmark index is currently down 0.4% to 6,656.3 points.

Four shares that have not let that hold them back are listed below. Here’s why they are charging higher:

Eagers Automotive Ltd (ASX: APE)

The Eagers Automotive share price has jumped 7% to $14.10 following the release of a market update. According to the release, the auto retailer is expecting to deliver underlying operating profit before tax of $195 million to $205 million for FY 2020. The high end of its guidance range is more than double FY 2019’s $100.4 million. This result includes the first full year of trading following the transformative merger with…