22 July 2025
Motorpoint Group PLC
("Motorpoint" "Company " or the "Group")
AGM Trading Update
Motorpoint Group PLC, the UK's leading independent omnichannel vehicle retailer, will make the following statement at the Company's Annual General Meeting, to be held at 14:00 BST today, which is an update on trading for the first quarter ("Q1") of the financial year ending 31 March 2026 ("FY26"):
"The Board is pleased to report that the positive momentum, as outlined in the Final Results on 12 June 2025, has continued. Retail volume sales in Q1 grew 10.6% on the equivalent period in FY25. Stock levels improved as our data led approach supported an increase in vehicle buying activity, and metal margin performance continues to be strong. The Board remains confident that the Group will achieve its expectations for the full year.
Good progress continues to be made on the share buyback programme which was announced in early April 2025. Approximately 1.9m of the planned 3.0m shares have been bought back and cancelled at a cash cost of £3.0m."
Motorpoint will provide an update on trading for the six months ending 30 September 2025 in October 2025.
Enquiries:
| Motorpoint Group PLC Mark Carpenter, Chief Executive Officer Chris Morgan, Chief Financial Officer |
via FTI Consulting |
|
FTI Consulting (Financial PR) Alex Beagley Harriet Jackson Amy Goldup |
020 3727 1000 |
Forward looking statements: The information in this release is based on management information. This report includes statements that are forward looking in nature. Forward looking statements involve known and unknown risks, assumptions, uncertainties and other factors which may cause the actual results, performance or achievements of the Group to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Except as required by the Listing Rules and applicable law, the Company undertakes no obligation to update, revise or change any forward looking statements to reflect events or developments occurring after the date of this report.
Notes to editors
Motorpoint is the UK's leading independent omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless way of buying, selling and financing their car whether online, in store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 21 sales and collection stores, the Group provides an unrivalled offering in the nearly new car market, where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes. Motorpoint's purely online wholesale platform Auction4Cars.com sells vehicles into the wholesale B2B market that have been part exchanged by retail customers, or purchased directly from them by the Group as part of its online car buying service. Motorpoint's diversified business model, underpinned by its established brand, industry leading technology and sophisticated marketing infrastructure, always delivers the best choice, value and quality for customers.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.