9th Oct 2025 12:53
(Alliance News) - Motorpoint Group PLC on Thursday said it expects to report half-year revenue and profit growth, and hailed a market outperformance.
The Derby, England-based car retailer said it expects to report pretax profit of around GBP3.6 million for the half-year to September 30, up 80% from GBP2.0 million a year prior. Revenue of GBP648 million is expected, a rise of 15% on-year.
Motorpoint saw "record retail volumes" in July and August, representing its best months since 2018 when excluding the two months immediately after the 2021 Covid-19 lockdown.
"Our data-led approach to both buying and selling vehicles has helped support both an increase in buying activity and our continued strong metal margin performance. Whilst finance commission income remains challenged, due to relatively high interest rates and a greater stock mix of more affordable vehicles, our costs remain tightly controlled," the company said.
"The strong performance delivered in H1 FY26 means the board remains confident that the group will achieve its expectations for the full year."
Chief Executive Officer Mark Carpenter said: "I am pleased to report that the group has delivered strong volume growth and significantly outperformed the wider market in the first half of FY26, building upon the improvements achieved last year. Data is increasingly fundamental to our business, supporting buying and pricing decisions, underpinning strong metal margins, and enabling us to sell more vehicles through market leading pricing and customer interaction."
Motorpoint shares rose 2.0% to 160.17 pence each in London on Thursday afternoon.
By Eric Cunha, Alliance News news editor
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