Motorpoint Group reported record sales volumes and a significant increase in profit before taxation.
Total revenue increased 8.1% to £1,268.6m and profit before tax increased 82.9% to £7.5m, and EBITDA by 15.1% to £27.5m.
Mark Carpenter, CEO of Motorpoint Group, said: “FY26 has been a step change year for Motorpoint, where the use of data became fundamental within the business and we embraced the tangible benefits of AI.
“This progress deepens our competitive moat and provides the necessary foundation for the Group to expand further and significantly grow profitability in the years ahead. Our strong progress has continued in the first few months of FY27.”
The Group recorded retail volume growth of 7.8%, which was up 1.4% in the year according to SMMT data.
Bringing MOT and warranty work in house, improved cost efficiency and speed to sale.
Motorpoint currently trades from 21 retail locations across the UK and aims to increased this number to around 30 in the medium term. It also plans to achieve more than 10% share in each market it operates in.
A new store will open in Leeds this Summer as the Group secured further development opportunities in three new market locations, with openings anticipated at the end of FY27 and during FY28.
Investment in new agentic AI tools across email and chat, and data query has been significant.
Since introduction last summer, 877 incremental sales in FY26 can be attributed to the AI channel which follows up on historic closed leads.
Carpenter said: “With technology, data and AI integral to our growth strategy going forward, we have also made good progress on other strategic initiatives including the identification of locations to serve new markets and considerably bolstering our service to buy cars direct from consumers.
“Whilst the macroeconomic uncertainty in recent months leads to a degree of caution due to the risks of increased inflation and interest rates, our superior customer service, omnichannel business model and exciting growth plans mean we are well placed to take advantage of opportunities to further increase market share and build long term value for shareholders.”
