Motorpoint Drives Strong Growth and Profitability

Motorpoint (GB:MOTR) has released an update.

Motorpoint Group PLC, the UK’s foremost independent vehicle retailer, has announced a robust half-year performance with a 17% increase in retail volume and a return to profitability, boasting a profit before tax of approximately £2.0 million. The company successfully completed a share buyback program and maintains a healthy net cash position of £11.2 million. With improved operational efficiency and favorable economic conditions, Motorpoint is poised for accelerated growth and expansion, including the opening of a new store in Norwich.

For further insights into GB:MOTR stock, check out TipRanks’ Stock Analysis page.