Motorpoint Group (MOTR)

Sector:

Retailers

Index:

FTSE Small Cap

298.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 322.00
  • 52 Week Low: 172.50
  • Currency: UK Pounds
  • Shares Issued: 90.65m
  • Volume: 42,259
  • Market Cap: £270.15m

Motorpoint backs full-year expectations, announces share buyback

By Michele Maatouk

Date: Tuesday 08 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Vehicle retailer Motorpoint backed its full-year expectations on Tuesday as it reported a small uptick in revenue for the first half and announced a share buyback programme of up to £10m.
In an update ahead of its results for the half to 30 September, the company said it expects to post a 1% increase in revenue compared to the same period a year ago. It said this is "a significant outperformance" of the nearly-new car market and represents a "material" increase in market share.

"As has been well-documented across the sector, there was unusually high pressure on car margins over the early summer months. This pressure has now abated, and Motorpoint's gross margin for the first half is expected to be broadly in line with the prior year," it said.

Meanwhile, overheads for the period are expected to be around £2m higher than last year, although half of this cost is non-recurring.

Motorpoint said it continues to closely monitor consumer confidence in light of ongoing economic and political uncertainty but remains confident that recent trading and its "strong" current stock profile leave the group well placed to continue to increase market share while management evaluates further potential new site opportunities.

"As a result, the board remains comfortable with its full-year expectations," it said.

The company also announced a buyback programme of up to £10m, which it said reflects its continued strong cash generation.

House broker Shore Capital said the update confirms a "relatively resilient" performance and that it is "encouraged" by the broadly in line margins.

At 1000 BST, the shares were up 1.4% at 220p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MOTR Market Data

Currency UK Pounds
Share Price 298.00p
Change Today 1.00p
% Change 0.34 %
52 Week High 322.00
52 Week Low 172.50
Volume 42,259
Shares Issued 90.65m
Market Cap £270.15m

MOTR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.14% below the market average79.14% below the market average79.14% below the market average79.14% below the market average79.14% below the market average
67.35% below the sector average67.35% below the sector average67.35% below the sector average67.35% below the sector average67.35% below the sector average
Price Trend
82.50% above the market average82.50% above the market average82.50% above the market average82.50% above the market average82.50% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Income
2.72% below the market average2.72% below the market average2.72% below the market average2.72% below the market average2.72% below the market average
21.05% below the sector average21.05% below the sector average21.05% below the sector average21.05% below the sector average21.05% below the sector average
Growth
46.85% above the market average46.85% above the market average46.85% above the market average46.85% above the market average46.85% above the market average
85.19% above the sector average85.19% above the sector average85.19% above the sector average85.19% above the sector average85.19% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MOTR Dividends

  Latest Previous
  Interim Final
Ex-Div 06-Feb-20 15-Aug-19
Paid 13-Mar-20 20-Sep-19
Amount 2.60p 5.00p

Trades for 18-Feb-2020

Time Volume / Share Price
16:35 50 @ 298.00p
16:29 36 @ 302.00p
16:29 1 @ 302.00p
16:29 62 @ 302.00p
16:29 4 @ 302.00p

MOTR Key Personnel

Chair Mark C Morris

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