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Motorpoint Executes Share Buyback, Reduces Share Count

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Motorpoint Executes Share Buyback, Reduces Share Count

Elevate Your Investing Strategy:

Motorpoint ( (GB:MOTR) ) has shared an announcement.

Motorpoint Group PLC has executed a share buyback program, purchasing 90,944 of its Ordinary Shares at a price of 175 GBp each. The acquired shares will be canceled, reducing the total number of shares in issue to 85,073,993, which will impact the total voting rights and may influence shareholder notifications under regulatory guidelines.

The most recent analyst rating on (GB:MOTR) stock is a Buy with a £1.70 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 offering a wide range of vehicles at competitive prices, catering to a diverse customer base in the UK market.

Average Trading Volume: 57,493

Technical Sentiment Signal: Buy

Current Market Cap: £143.2M

Learn more about MOTR stock on TipRanks’ Stock Analysis page.

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