IN BRIEF: Motorpoint touts double-digit first quarter sales growth

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Motorpoint Group PLC - Derby, England-based car retailer - Retail volume sales rise 11% on-year in the first quarter of the financial year ending March 31, 2026. Stock levels improve ‘as our data led approach supported an increase in vehicle buying activity, and metal margin performance continues to be strong’, the company says. The board is ‘confident’ in delivering on its expectations for the full year. Adds that ‘good progress’ continues to be made on the share buyback programme announced in early April, with around 1.9 million of the planned 3.0 million shares already bought back and cancelled at a total cash cost of £3.0 million. Motorpoint will release a trading update for the six months ending September 30 in October.

Current stock price: 177.75 pence, down 1.3% in London on Tuesday afternoon

12-month change: up 26%

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