Motorpoint Group (LON:MOTR) Stock Price Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• Motorpoint Group shares crossed above their 50-day moving average, reaching GBX 127.50 before closing at GBX 125 on trading volume of 984,747 shares.
• Analysts maintain a positive outlook: the stock has a consensus “Buy” rating and a GBX 170 price target, despite Deutsche Bank lowering its target from GBX 180.
• Insider Keith Mansfield purchased 43,124 shares at GBX 125 each, while the company reported quarterly earnings of GBX 6.60 per share and revenue of GBX 126.86 billion.

Motorpoint Group Plc (LON:MOTR - Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 125.06 and traded as high as GBX 127.50. Motorpoint Group shares last traded at GBX 125, with a volume of 984,747 shares.

Analysts Set New Price Targets

MOTR has been the topic of several recent analyst reports. Shore Capital Group reiterated a "house stock" rating on shares of Motorpoint Group in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft decreased their target price on Motorpoint Group from GBX 180 to GBX 170 and set a "buy" rating on the stock in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of GBX 170.

Motorpoint Group Stock Down 1.8%

The company has a current ratio of 1.00, a quick ratio of 0.12 and a debt-to-equity ratio of 856.92. The company has a market capitalization of £98.74 million, a P/E ratio of 18.79 and a beta of 0.82. The stock has a 50 day moving average price of GBX 125.06 and a 200 day moving average price of GBX 128.

Motorpoint Group (LON:MOTR - Get Free Report) last issued its quarterly earnings data on Wednesday, June 10th. The company reported GBX 6.60 earnings per share for the quarter. The business had revenue of GBX 126.86 billion for the quarter. Motorpoint Group had a return on equity of 22.27% and a net margin of 0.44%. On average, research analysts anticipate that Motorpoint Group Plc will post 3.5133843 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Motorpoint Group news, insider Keith Mansfield bought 43,124 shares of the business's stock in a transaction that occurred on Monday, July 27th. The shares were acquired at an average cost of GBX 125 per share, for a total transaction of £53,905. 22.21% of the stock is currently owned by corporate insiders.

About Motorpoint Group

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.

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