Motorpoint Group (LON:MOTR) Sets New 1-Year High - Should You Buy?

Key Points

• Motorpoint Group's share price reached a new 52-week high at GBX 189.55 ($2.57) during mid-day trading, closing at GBX 186 ($2.52).
• Shore Capital has reissued a "house stock" rating for Motorpoint Group, indicating ongoing confidence in the company's stock.
• Motorpoint Group reported an earnings per share (EPS) of GBX 3.70 ($0.05) for the last quarter and analysts expect a projected EPS of 3.51 for the current fiscal year.

Motorpoint Group Plc (LON:MOTR - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 189.55 ($2.56) and last traded at GBX 186 ($2.52), with a volume of 16975 shares changing hands. The stock had previously closed at GBX 185 ($2.50).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a "house stock" rating on shares of Motorpoint Group in a research note on Tuesday, July 22nd.

Motorpoint Group Stock Up 0.3%

The company has a current ratio of 1.20, a quick ratio of 0.12 and a debt-to-equity ratio of 422.83. The firm has a market cap of £144.20 million, a PE ratio of -18.21 and a beta of 1.00. The stock has a fifty day simple moving average of GBX 178.24 and a two-hundred day simple moving average of GBX 149.07.

Motorpoint Group (LON:MOTR - Get Free Report) last posted its earnings results on Thursday, June 12th. The company reported GBX 3.70 earnings per share for the quarter. Motorpoint Group had a negative return on equity of 25.07% and a negative net margin of 0.77%. As a group, sell-side analysts expect that Motorpoint Group Plc will post 3.5133843 EPS for the current fiscal year.

Motorpoint Group Company Profile

Motorpoint is the UK's leading independent E-commerce led omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless way of buying, selling and financing their car whether online, in store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 20 sales and collection stores, the Group provides an unrivalled offering in the nearly new and used car market, where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes.