Company
Motorpoint Group PLC
LON:MOTR
We are the largest independent vehicle retailer in the United Kingdom and our principal business is the sale of nearly-new vehicles, the majority of which are up to two years old and which have covered less than 15,000 miles.We sell vehicles from brands representing over 95 per cent of marques, operating from 10 retail sites across Great Britain, of which five have opened in the last four years.
46 stories
Motorpoint takes profit hit as used car market slows
Volumes of retail and wholesale (auction) vehicles sold both fell
Motorpoint warning suggests used car bubble is over
The group said that investments made in the first half and the costs of maintaining “market leading” finance rates meant that pre-tax profits for the second half of the year would be around £3mln significantly lower than those reported in t
Motorpoint first quarter revenue jumps, driven by vehicle price inflation
Gross margins in the first quarter were down against "record levels" in the previous year
Motorpoint sales almost double as used car prices soar
Increased demand for used cars as well as a bigger market share helped boost growth
Motorpoint Group to invest heavily in its tech stack as it looks to gain some of the investment glamour of Cinch and Cazoo
It sells cars online and its makes profits. Maybe it is the second part of that statement that is a problem for a company's whose market value is dwarfed by Cinch and Cazoo.
Motorpoint finds the market hard to please as it raises full-year guidance
The shares were lower in early deals despite the car seller saying it had a record first half to its fiscal year
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Motorpoint reiterates plans to double profits and revenues
The vehicle retailer said since reopening its branches trading has been “strong and significantly ahead of the same period in FY20” while margins for both its retail and wholesale businesses were well ahead of seasonal levels
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Motorpoint spins higher as profit rises following summer reopening
The vehicle retailer also highlighted a “significant acceleration” in online sales in its first half as well as an expansion of its market share
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Motorpoint says interim profits to be ahead of 2019
Demand levels have exceeded management's expectations since car showrooms reopened in June
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Motorpoint skips dividend though sales recover after reopening
Trading volumes have been ahead of last year with margins “at least” in line with seasonal norms
Motorpoint gains market share but coming months are crucial
The company said it has been gaining market share despite lacklustre consumer confidence but there is uncertainty at the horizon
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Motorpoint ticks up as it surpasses £1bn in sales for the first time
For the year ended 31 March 2019, the car seller reported a profit before tax and exceptional items of £22.9mln, up 10% on the prior year, while revenues rose 6.8% to £1.06bn
Investments and investor services
FTSE 100 closes higher despite continued trade fears
China has pledged to spend more on infrastructure to offset any downturn caused by Trump’s trade tariffs
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Cost pressures to be a key factor in updates from housebuilders Bellway and Crest Nicholson
The Day Ahead also brings updates from FTSE 100-listed smoke detector firm Halma and new and used car retailer Motorpoint Group, plus the latest UK jobs data
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Tesco to provide the nibbles as the markets continue to eye US trade and Tory leadership battles
Aide from Tesco's latest update, a number of lesser-known blue chip firms will also report in the Week Ahead including British American Tobacco, Ferguson, DS Smith, and Halma
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Motorpoint in reverse after tough second half, cautious on year ahead
Full-year revenues are expected to miss forecasts after a slower second half, although cost cuts mean the bottom line should grow by 10% - in line with estimates
London’s car dealers edge lower as new vehicle sales drop in March
A total of 458,084 new cars were registered last month, according to the SMMT, 3.4% fewer than the number of cars sold in the same months last year
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FTSE 100 closes higher but Wall Street lags
The FTSE 250 index, though, fell around 30 points to 18,609 on the day
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Thursday’s spotlight to focus on planes, trains and pubs with meals
Thomas Cook, Go-Ahead Group, and Greene King will be among Thursday's highlights.
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Motorpoint sales rise 9% but monitoring consumer confidence closely
Sales in the half year to September will be about 9% higher than a year ago
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Numis downgrades Motorpoint but expects growth to continue
Despite a downgrade, the broker remained positive on the stock, saying that it expected the group's "premium growth profile to continue into the medium term"
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Motorpoint exceeds its own expectations as revenue jumps in full-year results
The used car marketplace reported revenue growth of 20.6% to £991.2mln, a higher growth rate than the 18% it forecast in a trading update in April
FTSE 100 closes in red as resource stocks lag and Brexit debate goes on
With the Trump-Kim meeting and various pieces of economic data behind us, all eyes are turning to Parliament, which is set to vote on amendments to the EU Withdrawal Bill today and tomorrow
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Housebuilders in focus on Tuesday, but fashion updates eyed too
The day ahead includes updates from housebuilders Bellway and Crest Nicholson, plus trading news from fashion group Ted Baker and online clothing firm Boohoo.com
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All eyes to be on trading news from Tesco - although investors have to wait until Friday
Aside from a first-quarter update from Tesco, the week ahead will include an annual meeting for rival Morrison's, plus the latest US Federal Reserve and ECB policy meetings
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Motorpoint expects profits at ‘upper end of market expectations’ after year of strong trading
The vehicle retailer added that it expected to report full-year revenue growth of 18% as its first-half growth rate continued through the second half of the year, while reiterating its commitment to a £10mln share buyback
Investments and investor services
FTSE 100 finishes lower as mining stocks retreat on Chinese tariff fears
Investors remain nervous over the prospect of an escalating trade war between the US and China but were somewhat placated by anaemic jobs growth in March in the US, which has made four rate rises this year less likely
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US non-farm payrolls report eyed as Federal Reserve considers next rate hike
The non-farm payrolls report is expected to reveal jobs growth moderated in March
Investments and investor services
FTSE 100 closes lower as pound firms amid Brexit bill breakthrough
London's blue-chip index closed the day lower but retailers and housebuilders did well, oh, and there was some Brexit news...
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Pennon to reassure despite regulatory buffeting
Trading updates are expected from Pennon, Britvic, LondonMetric, Telford Homes and Brewin Dolphin.
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Pubs in focus again with updates from Marston's and Greene King eyed
The Week Ahead includes updates from pubs operators Marston's and Greene King, plus results from Britivc, Daily Mail & General Topps Tiles, and Pennon
FTSE 100 closes near intra-day high as pressure on May weakens sterling
Sterling's decline is good news for the FTSE100, which has a lot of big dollar earners in its midst
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Like a hurricane: Has September US jobs growth just been blown away
Day ahead includes Halifax UK house prices report, US non-farm payrolls and US average earnings data
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Tesco set for strongest quarter in seven years
Week ahead: Tesco, Merlin Entertainments, Capita, Bellway,
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Motorpoint's shares zoom higher as profits to meet the top end of market forecasts
Motorpoint's shares have revved higher today after the vehicle retailer said profits will meet the top end of market expectations
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What will Merlin Entertainments pull out the hat on Tuesday?
Merlin Entertainments is due to release fourth quarter trading update on Tuesday.
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Motorpoint shares crash as Brexit dents volume and margins
Shares in the used car specialist fell by more than 20% after it warned that uncertainty surrounding the referendum would have a negative impact on its first half performance
Riser and fallers: Laird, Travis Perkins, Highland...
Highland shares got a boost after the company successfully proved the effectiveness of its DT Ultravert 'anti-bashing' technology