In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to finish the day in the red. At the time of writing, the benchmark index is down 0.45% to 8,840.6 points.

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

Amotiv Ltd (ASX: AOV)

The Amotiv share price is up 4.5% to $9.61. Investors have been buying this automotive parts company's shares following the release of its full year results. Amotiv reported a 1% increase in revenue to $997.4 million and a 1.2% lift in underlying EBITDA to $226.4 million. And even though management warned that FY 2026 is "likely to remain a challenging environment", it expects to deliver modest earnings growth year on year.

Evolution Mining Ltd (ASX: EVN)

The Evolution Mining share price is up 4% to $8.02. This gold miner's shares are racing higher today after it impressed with its full year results. Evolution Mining reported a 99% increase in underlying net profit to a record of $958 million. Evolution's CEO, Lawrie Conway, said: "The record financial performance in FY25 was achieved through safely delivering to plan across all of our operations. This is a great credit to the efforts of our employees and contractors who I sincerely thank for their achievements. Our cost and production performance in the year saw our balance sheet continue to strengthen, with gearing levels falling while successfully delivering several major capital projects."

Life360 Inc (ASX: 360)

The Life360 share price is up a further 5% to $42.92. Investors have been buying this location technology's shares after brokers responded positively to its second quarter results. One of those was Bell Potter, which has retained its buy rating with an improved price target of $47.50 (from $37.50). It said: "We have increased the multiples we apply in the EV/Revenue and EV/EBITDA valuations from 9.5x and 55x to 12.5x and 62.5x and also reduced the WACC we apply in the DCF from 8.5% to 8.3% due to the strong result and better-than-expected operating leverage. The net result is a 27% increase in our PT to $47.50 which is >15% premium to the share price so we maintain the BUY recommendation. Potential catalysts include a strong 3Q2025 result and potential further upgrade in the guidance."

Tyro Payments Ltd (ASX: TYR)

The Tyro Payments share price is up 9% to $1.17. Investors have been buying this payments company's shares after it revealed that it has received takeover interest, but not at a level that it believes would represent good value.