BCA Marketplace PLC (LON:BCA) said it is trading ahead of market expectations in an update released ahead of its full-year results.
The FTSE 250-listed owner of webuyanycar.com said the positive outlook in its interim results from 28 November 2017 had continued into the second half, culminating in a strong performance for the year.
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As a result, the company said its business had seen strong profit growth with a net debt lower than market forecasts.
BCA added that its remarketing businesses had been successful in winning several new contracts along with continuing renewals, with its webuyanycar.com site maintaining growth as the number one company of choice in the sector.
The group also said its business solutions systems, data and hero digital products had continued to see strong customer uptake, helping to drive internal performance.
BCA will announce its full-year results on 28 June 2018.