8:02 am, September 2, 2026
Motorpoint has upgraded its profit expectations after stronger-than-anticipated trading and improved margins boosted the used car supermarket group.
In a trading update published this morning (Sep 2) on the London Stock Exchange, the used car supermarket said it now expects to make a pre-tax profit of between £9.8m and £10.8m in the year ending March 31, 2027.
That is ahead of current market expectations of between £9.1m and £10m and would represent annual growth of between 30% and 44%.
The improved forecast comes after Motorpoint increased pre-tax profits by 82.9% in its previous financial year.
Bosses said trading volumes have been stronger than anticipated so far in FY27, with favourable vehicle supply conditions also helping performance.
The group said improved margins were generating higher profitability per vehicle, while pointing to its accelerated investment in ‘technology, data and AI’ as another factor behind the stronger results.
The firm has been implementing a series of ‘strategic initiatives’ aimed at improving its operations, with bosses saying the success of its technology and AI plans has given them greater confidence in the outlook for the remainder of the year.
Motorpoint also confirmed that it has secured another location as it continues to expand its physical store network.
The site is expected to open in spring 2027, although the company has not yet revealed where it will be located.
Further details on Motorpoint’s performance are expected when the listed business publishes its scheduled half-year trading update in early October.
The update will be the first since Motorpoint published its full-year results (for the year to end of March 2026) in June.
In those figures, Motorpoint notched up a a pre-tax profit of £7.5m – up 82.9% on the previous year’s £4.1m – while revenue also climbed from £1.17bn to £1.26bn.
A chunky increase in used car sales (from 87,700 the year before to 91,000) helped boosted the company’s coffers.