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.
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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