Shares of Bapcor jump as much as 7% to A$6.87, marking their highest point since December 6.

The increased activity follows the vehicle parts producer posting a net profit after tax of A$125.3 million for FY23, aligning with Citi estimates.

However, Bapcor’s guidance for FY24 was slightly below the Visible Alpha Consensus by 1%.

Despite this, the company’s stock exhibited its biggest intra-day gain since February 16, should the gains hold.

As a result, Bapcor emerged as the biggest gainer on ASX 200.

Despite this growth, the company’s stock is down by 0.6% this year as of the last close.

Bapcor is a prominent producer of vehicle parts.