Motorpoint Executes Share Buyback, Adjusts Shareholder Voting Rights

The latest announcement is out from Motorpoint ( (GB:MOTR) ).

Motorpoint Group PLC has executed a share buyback program, purchasing 16,473 of its ordinary shares at a price of 135.50 GBp per share. This transaction reduces the total number of shares in circulation to 85,766,093, which may impact shareholder voting rights and interest notifications under FCA regulations.

The most recent analyst rating on (GB:MOTR) stock is a Buy with a £170.00 price target. To see the full list of analyst forecasts on Motorpoint stock, see the GB:MOTR Stock Forecast page.

Spark’s Take on GB:MOTR Stock

According to Spark, TipRanks’ AI Analyst, GB:MOTR is a Neutral.

Motorpoint’s overall stock score reflects significant financial challenges, including declining revenues and high leverage, which raise concerns about its long-term viability. While technical analysis shows positive short-term momentum, valuation metrics remain strained by recent losses. Positive corporate events, such as share buybacks and a director stake increase, provide some optimism, but the overall outlook remains cautious given the financial headwinds.

To see Spark’s full report on GB:MOTR stock, click here.

More about Motorpoint

Motorpoint Group PLC operates in the automotive retail industry, primarily focusing on the sale of nearly new cars. The company is known for its competitive pricing and extensive inventory, catering to a broad market of car buyers in the UK.

Average Trading Volume: 49,047

Technical Sentiment Signal: Buy

Current Market Cap: £117.9M

For an in-depth examination of MOTR stock, go to TipRanks’ Stock Analysis page.