Prime Highlights:
- Motorpoint’s profit before tax jumped 80% to £3.6 million, with revenue rising 15% to £647.7 million in the first half of FY25.
- CEO Mark Carpenter highlighted that strong demand and continued investment in technology and data-driven operations helped the company outperform the wider used car market.
Key Facts:
- Retail volumes increased 8.9% to 32,940 units, and total vehicles sold rose 9.5% to 47,400.
- Gross profit reached £49.5 million, EBITDA grew 22.5% to £13.6 million, and return on capital employed rose to 58.8%.
Background:
Motorpoint Group has reported a strong first-half performance, with profit before tax soaring 80% to £3.6 million and revenue rising 15% to £647.7 million for the six months ending September 30, 2025.
The independent car retailer had already signaled in October that it expected a profit boost, continuing the robust recovery it saw earlier this year. The group made a profit in FY25 after several difficult years, showing a strong turnaround in its business.
Motorpoint said its performance beat the wider used car market, thanks to a data-focused approach to buying and selling cars and continued investment in technology. Retail volumes increased 8.9% year-on-year to 32,940 units, while the total number of vehicles sold rose 9.5% to 47,400.
Gross profit climbed 10.7% to £49.5 million, and EBITDA rose 22.5% to £13.6 million. The group’s return on capital employed jumped to 58.8% from 18.7% in the previous year, reflecting its capital-efficient business model.
CEO Mark Carpenter said, “We significantly outperformed the wider used car market during the period, demonstrating that our proposition to make car buying easy continues to resonate strongly with customers. Our strategic investment in technology, the use of data and AI, and the exceptional service of our engaged team have allowed us to sell more vehicles at market-leading prices while providing a seamless customer experience.”
Operating costs increased 6.2% to £41 million, driven by a new centre opening and higher wages and insurance costs, partially offset by savings in variable costs such as energy and card payment fees.
During the period, Motorpoint completed a £5 million share buyback and increased its stock finance facility from £165 million to £205 million to support further growth. In October, retail volumes grew by 8.1%, while margins and used car prices stayed steady.
Carpenter said that even with the upcoming Autumn Budget, demand for Motorpoint cars remains strong, keeping the company well-positioned to grow and deliver value to shareholders.
