Adian Cousin

Sep 9, 2024 | premium.goauto.com.au | Steve Bragg |Aidan Cousin |Adian Cousin

THE listed groups – Eagers Automotive (ASX: APE), Autosport’s Group (ASX: ASG), and Peter Warren Automotive Holdings (ASX: PWR) – all experienced the impacts from increasing stock levels coupled with increasing revenues for the fiscal year ending 30 June 2024 up by 13% for APE, 12% for ASG and 19% for PWR. However, despite revenue gains, cost of living pressures, stubbornly high inflation and elevated interest rates have compressed gross and net profit before tax margins across all groups.