Motorpoint Group (LON:MOTR) Trading 1.9% Higher - Still a Buy?

Key Points

• Motorpoint Group Plc shares increased by 1.9% during mid-day trading, reaching a last price of GBX 187.50 ($2.53).
• Shore Capital reaffirmed a "house stock" rating for Motorpoint Group, indicating confidence in the company's performance despite current challenges.
• The company's debt-to-equity ratio stands at 422.83, suggesting significant leverage that may concern investors.

Motorpoint Group Plc (LON:MOTR - Get Free Report) shares shot up 1.9% during mid-day trading on Tuesday . The company traded as high as GBX 190 ($2.57) and last traded at GBX 187.50 ($2.53). 31,815 shares were traded during mid-day trading, a decline of 39% from the average session volume of 51,865 shares. The stock had previously closed at GBX 184 ($2.48).

Wall Street Analysts Forecast Growth

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

Motorpoint Group Price Performance

The company has a market capitalization of £158.58 million, a price-to-earnings ratio of -20.03 and a beta of 1.00. The stock has a fifty day simple moving average of GBX 175.54 and a 200-day simple moving average of GBX 145.91. The company has a debt-to-equity ratio of 422.83, a current ratio of 1.20 and a quick ratio of 0.12.

Motorpoint Group (LON:MOTR - Get Free Report) last announced its quarterly earnings results on Thursday, June 12th. The company reported GBX 3.70 ($0.05) earnings per share (EPS) for the quarter. Motorpoint Group had a negative return on equity of 25.07% and a negative net margin of 0.77%. On average, equities research analysts anticipate that Motorpoint Group Plc will post 3.5133843 EPS for the current year.

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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