Polaris announced a restructuring move to separate its Indian Motorcycle business into a stand-alone company, sending shares up by 10.4%. The company is selling a majority stake in Indian to a private equity firm, Carolwood. Indian Motorcycle contributed about 7% of Polaris’ revenue in the last 12 months.

The CEO expects both Polaris and Indian Motorcycle to benefit from the move, strengthening focus on growth areas and accelerating investments. The sale will increase adjusted earnings per share by about $1 and annualized adjusted EBITDA by $50 million, boosting value for shareholders.

Investors are showing support for Polaris by boosting shares higher following the news. Before buying stock, consider that Polaris was not among the 10 best stocks identified by The Motley Fool Stock Advisor team for investors to buy now, which have historically produced significant returns.

Read more at Yahoo Finance: Why Polaris Stock Revved Higher Today