Motorpoint Group annual revenue rises 8% on retail volume growth
Motorpoint Group annual revenue rises 8% on retail volume growth
Overview
UK vehicle retailer's fiscal yr revenue rose 8%
Profit before tax for the year surged 83% to £7.5 mln
Company completed £5 mln share buyback during the year
Outlook
Company reports 15% retail volume growth in April and May of FY27
Motorpoint targets 12,000 Sell Your Car purchases in FY27
Company says macroeconomic uncertainty is impacting consumer confidence
Result Drivers
DATA AND AI INVESTMENT - Co said expanded use of data and AI in buying, pricing, and customer interaction drove improved margins and higher sales volumes
RETAIL VOLUME GROWTH - Retail vehicle sales rose 7.8%, outpacing the used car market, helped by increased direct sourcing from consumers and improved stock mix
COST CONTROL - Operating expenditure growth was kept below gross profit growth, reflecting focus on efficiency despite wage and store cost pressures
Company press release: ID:nRSJ6445Ha
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue |
| GBP 1.27 bln | GBP 1.30 bln (2 Analysts) |
FY Basic EPS |
| GBP 0.07 |
|
FY Gross Profit |
| GBP 98.90 mln |
|
FY Pretax Profit |
| GBP 7.50 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"
Wall Street's median 12-month price target for Motorpoint Group PLC is GBp180.00, about 44% above its June 9 closing price of GBp125.00
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)