Motorpoint Executes Share Buyback, Reducing Share Count

An announcement from Motorpoint ( (GB:MOTR) ) is now available.

Motorpoint Group PLC has executed a share buyback program, purchasing 104,573 of its ordinary shares at prices ranging from 176.00 GBp to 178.50 GBp. This move reduces the total number of shares in issue to 84,720,299, potentially impacting shareholder voting rights and market perception of the company’s stock value.

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, focusing on the sale of nearly new cars. The company is known for its large selection of vehicles and competitive pricing, catering to a wide range of customers in the UK market.

Average Trading Volume: 62,835

Technical Sentiment Signal: Hold

Current Market Cap: £141.9M

See more insights into MOTR stock on TipRanks’ Stock Analysis page.