AGM Trading Update
Motorpoint Group plc reported positive trading momentum in the first quarter of FY27, with retail volumes increasing by 11.1% year-on-year, supported by improved stock levels and strong profitability driven by excellent metal margins and cost discipline. The company successfully opened its 22nd store in Leeds on July 10, 2026, and continues to progress its new store opening program. Enhanced vehicle supply, including direct purchases from consumers, and strategic investments in data, AI, and technology have contributed to this strong start to the financial year. Non-Executive Director Mary McNamara will be stepping down from the Board following the AGM.
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Motorpoint Group PLC, the UK's leading independent omnichannel vehicle retailer, will make the following statement at its Annual General Meeting, to be held at 10:00 BST today, providing an update on trading for the first quarter ("Q1") of the financial year ending 31 March 2027 ("FY27"):
"The Board is pleased with performance in Q1 FY27. Retail volumes increased by 11.1% compared to the equivalent period in FY26 as stock levels increased to support our growth plans. Profitability has improved strongly year on year, supported by continued excellent metal margins and cost discipline.
Motorpoint Leeds, the Group's 22nd store, opened successfully on 10 July 2026. The Group continues to make excellent progress on its new store opening programme, with further confirmed openings expected in due course.
Improved vehicle supply, including buying cars direct from consumers via our Sell Your Car channel, and good progress on our strategic initiatives, including continued investment in data, AI and technology, have also supported this positive start to the year.
Further to the Company's Final Results announcement of 10 June 2026, Non-Executive Director Mary McNamara will be stepping down from the Board following the conclusion of the AGM. The Board would like to thank Mary for her commitment and dedication to the Company over her ten year tenure."
Motorpoint intends to provide a further update on trading for the six months ending 30 September 2026 in early October 2026.
| Motorpoint Group PLC Mark Carpenter, Chief Executive Officer Chris Morgan, Chief Financial Officer | via FTI Consulting |
| FTI Consulting (Financial PR) Richard Gotla Harriet Jackson Harleena Chana | 020 3727 1000 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.