Motorpoint Group has reported an 81 per cent jump in half-year profits after selling more used cars at stronger margins, in results published on Wednesday, 11 November 2026.

The UK's largest independent omnichannel used car retailer made a pre-tax profit of £6.5 million for the six months to 30 September 2026, up from £3.6 million in the same period a year earlier. Revenue rose 6 per cent to £686.7 million, while gross profit increased 11.9 per cent to £55.4 million.

Record volumes and fatter margins

Motorpoint sold 51,270 vehicles during the half year, an increase of 8.2 per cent year on year, with retail volumes up 7.6 per cent. The growth was supported by its new Leeds store, which opened in early July, and by investment in its artificial intelligence platform.

Margins improved across the business. Retail gross profit per vehicle rose to £1,431 from £1,349 a year earlier, and vehicle sales margins reached £1,266 per unit, up from £1,063. Earnings before interest, tax, depreciation and amortisation rose 19.9 per cent to £16.3 million, and earnings per share climbed to 5.9p from 3.2p.

Operating costs rose 6.6 per cent to £43.7 million as the group invested in its platform and its store estate. Return on capital employed over the last twelve months reached around 80 per cent, up from 59 per cent previously.

Dividend doubled

Motorpoint also announced an interim dividend of 2p per share, double the previous year's payment, due to be paid on 11 December 2026. The board said the increase reflected the strength of the half-year performance and its confidence in the business.

Chief executive Mark Carpenter said the group had continued to outperform the wider used car market, with growth driven by higher volumes, better margins and the new Leeds outlet. The company operates 22 sales and collection outlets across the UK.

Outlook held

The board maintained its full-year outlook, with underlying pre-tax profit for the year to March 2027 expected to be between £9.8 million and £10.8 million, in line with recently revised market expectations.

The results point to a used car market that is holding up well despite pressure on household budgets, with buyers continuing to turn to nearly-new vehicles as an alternative to costlier new cars. Motorpoint said its investment in artificial intelligence was helping it price stock more accurately and move cars faster, and the new Leeds outlet added capacity in a region where it previously had no presence. For Motorpoint, the challenge now is to keep volumes and margins growing through the second half of the year, when trading is traditionally quieter.

Sources: East Midlands Business Link and Reuters via TradingView, 11 November 2026.