Motorpoint Group PLC (MOTR.L), an omnichannel vehicle retailer, on Wednesday reported growth in fiscal 2026 retail volumes, and projects significant growth in annual pre-tax profit and EBITDA.
In its trading update for the year ended March 31, the company noted that retail volumes increased 8.0 percent year-over-year to approximately 65,000, demonstrating continued outperformance of the used car market.
Volumes grew 6.0 percent in the 2025 calendar year, compared to 2.2 percent for the overall used car market.
For the full year, profit before taxation is expected to grow by 83 percent to approximately 7.5 million pounds from 4.1 million pounds last year. The expected increase would reflect metal margin performance, which helped offset inflationary pressures.
EBITDA is expected to rise by 13.0 percent to approximately 27.0 million pounds from 23.9 million pounds a year ago.
The company said it plans to open new store in Leeds this summer.
Mark Carpenter, Chief Executive Officer of Motorpoint, stated, "Whilst the macroeconomic uncertainty in recent weeks leads to a degree of caution due to the risks of increased inflation and interest rates, our superior customer service, omnichannel business model and exciting growth plans mean we are well placed to take advantage of opportunities to further increase market share..."
The company is scheduled to announce its final results in June.
On the London Stock Exchange, shares of Motorpoint were gaining 1.30 percent, trading at 131.69 pence.
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