Why EML Payments, Gentrack, Regis, and Resimac shares are racing higher

The S&P/ASX 200 Index (ASX: XJO) has run out of steam and dropped into the red on Tuesday. In afternoon trade, the benchmark index is down 0.4% to 8,384.5 points.

Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:

EML Payments Ltd (ASX: EML)

The EML Payments share price is up 24% to 85 cents. This follows the release of a trading update from the payments company at its annual general meeting. During the first quarter of FY 2025, EML Payments achieved a 7% increase in gross debit volume (GDV) to $5,857 million, a 12% lift in revenue to $48.8 million, and a 46% jump in quarterly underlying EBITDA to $11.6 million. Management also reiterated its FY 2025 guidance and spoke positively about the future. The latter includes announcing an earnings per share target of 13 cents by FY 2028.

Gentrack Group Ltd (ASX: GTK)

The Gentrack share price is up almost 18% to $11.06. Investors have been buying this software company's shares following the release of its full year results. Thanks to grow across the business, Gentrack reported a 25.5% increase in revenue to NZ$213.2 million. Management also spoke positively about next year. It said: "We remain confident of our mid-term guidance of growing revenue more than 15% CAGR and an EBITDA margin of 15-20% after expensing all development costs."

Regis Healthcare Ltd (ASX: REG)

The Regis Healthcare share price is up 3% to $6.67. This morning, the aged care operator released its annual general meeting presentation. That presentation included an update on its performance in the first quarter. CEO Dr Linda Mellors said: "Our strong performance in FY24, as highlighted by Graham, has continued into the first quarter of FY25 and we are currently tracking modestly ahead of our internal profit target. Our average occupancy improved from 94.9% in Q4 FY24 to 95.5% in Q1 FY25, with spot occupancy on 31 October 2024 at 96.0% tracking ahead of budget."

Resimac Group Ltd (ASX: RMC)

The Resimac Group share price is up 4% to 87.5 cents. This follows the announcement of an on-market share buyback by the non-bank lender this morning. It said: "The Board considers that the Company's current share price does not accurately reflect the underlying value of the Company's assets and the Share Buy-Back represents an opportunity to add value to the remaining shares on issue."

The post Why EML Payments, Gentrack, Regis, and Resimac shares are racing higher appeared first on The Motley Fool Australia.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended EML Payments and Gentrack Group. The Motley Fool Australia has positions in and has recommended Gentrack Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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