Motorpoint Shares Rise Over 8% After Raising Profit Guidance
Motorpoint Group PLC (MOTR) shares rose over 8%, reaching a high of 142.00p, following an unexpected trading update that raised its full-year profit guidance for the year ending March 31, 2027. The company now expects pre-tax profits to range between £9.8 million and £10.8 million, surpassing previous market expectations of £9.1 million to £10.0 million. The improved outlook is attributed to stronger-than-expected trading volumes driven by investments in technology, data analytics, AI, favorable vehicle supply conditions, and a new store opening planned for spring 2027. Broker Shore Capital raised its own profit forecast to £10.3 million and noted that Motorpoint's valuation remains low at around 3.5 times EBITDA. The update has sparked renewed investor interest in the stock, with expectations of further appreciation as earnings growth continues.
Topics: profit guidance stock price movement