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Eagers long-term planning is paying off
Executive Summary
AutoExec Summary:
Pitcher Partners has analysed the performance of the top three listed motor dealer groups—Eagers Automotive (ASX: APE), Autosports Group (ASX: ASG), and Peter Warren Automotive Holdings (ASX: PWR)—for the year ending 31 December 2024. Despite revenue growth of 13.6%, 0.9%, and 10.1% respectively, rising operational costs and compressed margins due to vehicle oversupply have pressured profitability. Average inventory days increased significantly, highlighting ongoing inventory management challenges as the industry prepares for a more competitive landscape in 2025.
Brands mentioned: Eagers Automotive, Autosports Group, Peter Warren Automotive Holdings
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Eagers long-term planning is paying off
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