Half Year Trading Update & Notice of Results
Motorpoint Group PLC expects its underlying profit before taxation for the six months ended 30 September 2026 to reach approximately £6.5 million, an 81% increase from the previous year, driven by a 7.6% rise in retail volume and strong metal margins. The company's technology strategy, utilizing advanced AI and digital capabilities, is accelerating growth and improving profitability per unit, contributing to an expected Return on Capital Employed of around 80%. Motorpoint remains confident in its full-year outlook, with trading in line with upgraded market consensus, and anticipates announcing its Interim Results on 11 November 2026.
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Strong trading driven by strategic initiatives; advanced AI and digital capabilities underpin long term prospects
Underlying profit before taxation is expected to be up 81% on previous year
Motorpoint Group PLC, a technology innovator in nationwide, omnichannel automotive retailing, provides an update on its trading performance for the six months ended 30 September 2026 ("H1 FY27").
Highlights
- Strong retail volume growth: Retail volume growth of 7.6% compared to H1 FY26, demonstrating continued outperformance against the wider used car market and the positive impact of the new Leeds store, which opened in early July
- Technology strategy delivering: Motorpoint's technology-enabled operating platform, which uses advanced AI, data and digital capabilities, continues to accelerate our volume growth and improved profitability per unit
- Profit growth: Underlying profit before taxation is expected to be c.£6.5m, up 81% (H1 FY26: £3.6m), reflecting volume growth, continued strong metal margins and disciplined cost control
- Positive impact of capital light business model: Return on Capital Employed, based on the last 12 months performance, is expected to be c.80%, up from 59% in preceding period, demonstrating the efficiency of the Group's capital light model
- Confident in outlook: The Board remains confident in the outlook for FY27 and trading is in line with the recently upgraded market consensus
Sales and Profitability
The positive momentum highlighted in the recent September Trading Update continued during the remainder of the month. The Group's technology-enabled operating platform, underpinned by sustained investment in AI, data and digital capabilities together with new store growth, continues to support improved pricing, vehicle acquisition, customer demand generation, vehicle allocation and fulfilment, and business intelligence. This has helped Motorpoint deliver market share outperformance and record metal margins. Along with disciplined cost control, this has more than offset the impact of high interest rates and inflation.
The Board remains confident in the outlook for FY27 and therefore continues to expect underlying profit before taxation for the full year to be in the range of £9.8m to £10.8m, in line with the recently upgraded market consensus.
Notice of Results
The Group expects to announce its Interim Results on 11 November 2026.
Mark Carpenter, Chief Executive Officer of Motorpoint Group PLC commented:
"Motorpoint has delivered another strong period of volume and profit growth. This is despite a backdrop of consumer uncertainty fuelled by inflation, high interest rates and the impending Government budget. The investments made in technology have driven tangible operational and financial benefits, helping us source the right vehicles and price them for optimised rate of sale, which results in consistently high metal margins. The competitive advantages resulting from this investment, along with strong financial performance in the first half of FY27 gives us confidence in the Group's prospects for the remainder of the year and beyond."
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