AGM Trading Update
Summary by AI BETAClose X
23 July 2026
Motorpoint Group PLC
("Motorpoint" "Company " or the "Group")
AGM Trading Update
Positive momentum continues into Q1 FY27
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.
Enquiries:
|
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 |
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 22 stores, the Group provides an unrivalled offering in the nearly new car market, where consumers can effortlessly browse, buy or finance their next car. 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 unrivalled choice, value and quality.
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