Motorpoint (GB:MOTR) has released an update.
In its Q1 trading update, Motorpoint Group PLC, the UK’s premier independent omnichannel used vehicle retailer, reported strong retail sales growth and remains optimistic for the full FY25, with expectations to meet its full-year goals. The company also highlighted its healthy net cash position of approximately £6.5 million, following the repurchase and cancellation of 2.5 million shares for £3.5 million. Further updates on the company’s performance will be shared in October 2024, detailing the six months ending 30 September 2024.
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