Motorpoint profits accelerate after strong year

Motorpoint, the Derby-headquartered vehicle retailer, is back in the black after a strong year.

In a trading update ahead of its final results for the year-ended March 31, Motorpoint says it expects to post a profit before tax of between £4m-£4.3m – a significant improvement on a loss of £10.4m in 2024.

Mark Carpenter, CEO, said: “Having returned to profitability in the first half of FY25, I am very pleased with our performance across the full year, delivering profitable growth and significantly outperforming the wider used car market.

“We recommenced our new store opening programme with the Group’s 21st store opening in Norwich in December 2024. Notwithstanding the ongoing consumer and macroeconomic environment, Motorpoint is in a strong position to grow further, and I am cautiously optimistic for the FY26 outlook.”

Meanwhile, Motorpoint has said it will start a share buyback to repurchase up to three million ordinary shares for an aggregate price of £4m.