2024 Mercedes-AMG GLE 63 S Is a Coupe on V8 Steroids

The coming model year brings an updated machine into the Mercedes-Benz AMG garage: a large, powerful coupe launched by a wonderfully inappropriate V8 engine.

The 2024 Mercedes-AMG GLE 63 S is a type of vehicle that didn’t exist for previous destinations. Bigger than some lesser SUV models at 195-inches long and weighing more than 2.5 tons, the AMG GLE 63 S rides higher than most Mercedes-Benz models. It lives under the coupe label despite its four-door frame, preserving the moniker with a hard top roof and sloping rear lines. Still, as the 63 S muscles its way along from its almost 118-inch wheelbase to its broad haunches, its visual impact says “coupe, but on AMG steroids.”

If there’s a challenge to overcome in getting comfortable with the GLE 63 S Coupe, it’s those visuals. With so many modern vehicles on the road taking the form of SUVs or crossovers that are really no more than large hatchbacks, the sight of a vehicle that’s none of the above while also shrugging off the modest lines of a sedan takes some getting used to from the outside. Still, once the driver makes that adjustment, he or she can get on with the enjoyment of driving an AMG-tuned Mercedes barely tamed brute.

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For the uninitiated, AMG is the Mercedes-Benz tuning shop where already great cars become more aggressive. AMG amps the power and handling abilities, adds more than a few more bucks, quid, or euros to the price tag and hands them along to serious driving enthusiasts.

The 2024 Mercedes-AMG GLE 63 S has 603 horsepower and a 0-to-60 time of 3.8 seconds. Mercedes-AMG

For the GLE 63 S, the shop penned in a handcrafted 4-liter V8 Biturbo beast under the hood—but at least nodded to environmental concerns by layering electric hybrid assist. The result of all that uncompromising German engineering is 603 horsepower and a 0-to-60 time of 3.8 seconds. That’s serious, “snap your head back” speed in a large, solidly built vehicle.

A combination of AMG Speedshift TCT 9-speed automatic transmission with sport paddle shifting and all-wheel drive with fully variable torque distribution keep all of that power on the road. The end result driving experience features a grounded, balanced, and stately ride that elevates the owner above the ugliness of common pavement—with truly aggressive, roaring power waiting if you put your toe down in Sport or Sport+ mode.

Michael Knoeller, head of marketing and sales at Mercedes-AMG, says a lot of planning and thought go into how the company maintains two identities: an automaker providing traditional, tuned power and performance for enthusiasts, while also forging technology for electric vehicles.

“Mercedes-AMG is in the transformation phase in the mid- and long-term,” Knoeller says. “While our handcrafted V8 powertrains will continue to be offered in familiar models for some time, we are also working on AMG’s own BEV platform, AMG.EA. This will enable us to meet a wide range of customer needs in markets where the V8 engine continues to play a role, as well as with our all-electric EQ models.”

And regardless of the drivetrain technology, a Mercedes has to be a Mercedes, Knoeller adds. There are high expectations for buyers of make and its models, whether or not they’re AMG-forged vehicles.

“All Mercedes-AMG models must deliver on our brand promise of superior performance and unique technology,” he says. “In doing so, we can adopt certain technologies from the world of combustion engines, while other technologies we develop completely from scratch.”

As for what purpose the 2024 AMG GLE 63 S Coupe plays in this grand scheme of old meets new and power meets preservation, the answer is a mixed grill. The monster-sized coupe is large enough to serve as a luxury people carrier, but powerful enough for the occasional track day before standing in as a grand tourer with ample power.

“We think the GLE 63 S Coupe excels in a variety of areas,” Knoeller explains. “It perfectly meets the demand for luxury and comfort, while also offering ample space.”

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He points to the distinctive, though challenging appearance as a plus that brings interested eyeballs to the vehicle, while the 603-horespower output looks to thrill the human behind the wheel. The Sport + dynamic driving setting is intended for track days and maximum driving entertainment, he says (even if there are more suitable products in the Mercedes-Benz portfolio for track days, such as the SL Roadster).

In terms of the future, Knoeller reassures passionate drivers that high performance models such as the GLE 63 S Coupe and its ilk will have a place in the Mercedes AMG family for a while yet.

“The segment of sporty SUVs and the demand for our models has grown steadily in recent years,” he says. “We also see further potential here in the long term, so there is no need to worry about the future of the GLE 63 S Coupe. We have already set the course for an electric future and recently presented our new Mercedes-AMG EQE SUV.”

The starting MSRP for the rides making up the GLE class start around US$80,000, with the AMG enhancements on the GLE 63 S Coupe nudging the price up to US$125,000 and beyond. If the lover of German meticulousness can get used to the edgy and nontraditional styling cues, he or she will buy into a unique blend of stately performance with deceptive and effective power.

Reporting season has once again reminded investors that a strong profit does not guarantee a rising share price, and a large loss does not always trigger a sell-off. What matters most is how each result compares with expectations and, increasingly, what management says about the year ahead. During the August 2026 season, companies offering credible turnarounds or unexpectedly strong guidance were rewarded handsomely, while those flagging weaker margins, slowing demand or greater uncertainty were punished.

The following ranking draws on Morningstar’s review of 164 ASX-listed companies and measures each company’s share-price movement on the day it reported. This captures the market’s immediate response to the earnings announcement, before subsequent economic developments, dividends and company-specific news cloud the picture. Here are the five biggest winners, and the five hardest-hit losers, of the season so far.

The five winners

1. Bapcor (ASX:BAP): +41.0%

Bapcor delivered reporting season’s largest relief rally after presenting early evidence that its troubled automotive-parts business was stabilising. Although underlying revenue fell 1.8% to $1.92 billion and underlying NPAT collapsed 85% to $10.8 million, underlying EBITDA of $152.5 million exceeded guidance.

More importantly, working-capital initiatives released $68.5 million in the second half, lifting cash conversion to 109.4% and reducing net debt by 63% to $135 million. The statutory loss was $431.6 million, largely because of non-cash impairments. Investors focused on improving operational momentum, stronger liquidity and management’s expectation of modest FY27 revenue growth.

2. Zip Co (ASX:ZIP): +18.2%

Zip comfortably surpassed its FY26 targets, sending the buy-now-pay-later provider’s shares sharply higher. Transaction volume rose 23% to $16.7 billion, while cash earnings before tax, depreciation and amortisation jumped 58% to a record $268.9 million. Statutory profit climbed 46% to $116.4 million, and the cash operating margin expanded by 4.2 percentage points to 20%.

The strongest signal was guidance for FY27 cash earnings of $340 million—around 26% growth and above analysts’ forecasts. US transaction volume increased 42.5% and now represents three-quarters of group volume, offsetting weaker customer activity in Australia.

3. CSL (ASX:CSL): +17.3%

CSL’s result was hardly spectacular in isolation, but it cleared a market bar that had fallen dramatically following earlier downgrades and restructuring announcements. Underlying NPATA was US$3.1 billion, down 2% in constant-currency terms, while operating cash flow reached US$3.51 billion.

CSL maintained its full-year dividend at US$2.92 per share and completed a A$1 billion buyback. The real catalyst was FY27 guidance for approximately 5% underlying profit growth, compared with market expectations closer to 2%. After an extended period of earnings disappointments, investors interpreted the outlook as evidence that CSL’s core plasma business was approaching a sustainable recovery.

4. Judo Capital (ASX:JDO): +16.9%

Judo Capital demonstrated strong operating leverage as its specialist business-lending franchise expanded. Full-year profit before tax rose 34% to $168.1 million, while pre-provision profit increased 42%. Gross loans and advances grew 18% to $14.7 billion, reaching the top of the bank’s guidance range and comfortably exceeding broader system growth.

Deposits increased 24% to $12.2 billion, return on equity improved by 1.1 percentage points to 6.4%, and earnings per share rose 29% to 9.9 cents. Reaffirmation of the FY27 outlook gave investors confidence that loan growth could continue without sacrificing margins or credit quality.

5. Super Retail Group (ASX:SUL): +15.8%

The owner of Supercheap Auto, rebel, BCF and Macpac reported record sales of $4.2 billion, up 3.2%, despite cautious discretionary spending. Profitability went backwards: normalised profit before tax fell 7% to $306 million and normalised NPAT declined 2.8% to $226 million as transformation spending weighed on margins. Nevertheless, the result exceeded subdued expectations, online sales grew 5.3% and membership across the group’s loyalty programs reached 13.1 million. Investors were also encouraged by positive early FY27 trading, stable gross margins and continued market-share gains. A fully franked 33-cent final dividend added to the appeal.

The five losers

1. Hansen Technologies (ASX:HSN): –21.2%

Hansen’s historic result met expectations, but investors recoiled from its outlook. The utility and communications software provider achieved an underlying EBITDA margin of 31%, exceeding its 30% target, while generating strong cash flow. However, management designated FY27 an “investment and transition year”, signalling a roughly five-percentage-point margin contraction as spending on products, sales capabilities and organisational changes increased.

Revenue had already been broadly flat, leaving investors concerned that the investment program would depress earnings before new growth appeared. Leadership changes, including the chief executive’s departure, added uncertainty. Management expects revenue growth and margins above 30% to return in FY28, but the market was unwilling to wait.

2. Life360 (ASX:360): –19.4%

Life360’s headline growth was impressive: quarterly revenue rose 38% to US$159 million, subscription revenue increased 31%, and adjusted EBITDA climbed 53% to US$31.1 million. Monthly active users reached 102.4 million and paying circles grew 27% to 3.2 million. The sell-off reflected expectations rather than a collapsing business.

Net income fell 18%, the net margin contracted from 6% to 3%, hardware shipments dropped 18%, and full-year EBITDA guidance was merely maintained. After a strong valuation run, investors wanted a larger upgrade and clearer evidence that heavy investment in advertising, international expansion and artificial intelligence would generate additional earnings.

3. PEXA Group (ASX:PXA): –17.0%

PEXA reported a 7% increase in continuing-operations revenue and 12% EBITDA growth to $152 million, accompanied by a two-percentage-point margin expansion. Free cash flow increased 39%, suggesting the core Australian electronic-conveyancing platform remained highly profitable. Investors instead concentrated on management’s warning that property-transfer volumes could decline, alongside regulatory uncertainty surrounding the fees PEXA can charge.

The company is also continuing to invest heavily in its loss-making international expansion. Morningstar considered the market reaction excessive, arguing that structural transfer-volume assumptions had not materially changed, but the combination of softer near-term activity and regulatory risk overwhelmed the respectable headline numbers.

4. SEEK (ASX:SEK): –14.3%

SEEK produced solid FY26 figures, including 10% revenue growth to $1.20 billion, a 15% rise in EBITDA and 28% growth in adjusted earnings per share. It also lifted its fully franked annual dividend by 13% to a record 52 cents. Those achievements were overshadowed by falling paid job-ad volumes and cautious FY27 assumptions.

The statutory accounts included a $201 million loss from the SEEK Growth Fund and $377 million of significant items, making the headline result considerably less attractive. Investors were particularly concerned that economic weakness could limit volumes while the company continued investing in platform integration and artificial-intelligence products.

5. JB Hi-Fi (ASX:JBH): –12.3%

JB Hi-Fi’s full-year result was broadly respectable, with group sales rising 5% to $11.1 billion and underlying earnings per share increasing 6% to $4.48. The damage came from its current-trading update. Australian sales were almost flat during the June quarter and deteriorated further in July, while earnings in the core Australian electronics business fell 3.6%.

Housing-related categories were particularly weak as higher living costs and interest rates constrained household budgets. With JB Hi-Fi entering the season on a demanding valuation, an in-line historic result was not sufficient: the loss of sales momentum prompted investors to rapidly reduce their expectations for FY27.

Overall, the season showed that share prices react less to whether profits rose or fell than to the gap between results and expectations. Bapcor was rewarded for being less troubled than feared, while several fundamentally profitable companies were punished because their outlooks failed to justify elevated valuations.