Car retailer Motorpoint (MOTR) may have suffered a slower second half, but full-year pre-tax profits are still expected to grow by roughly 10 per cent following top-line acceleration of “over 6 per cent”.
IC TIP:
Hold
at
177p
So perhaps the shares sudden drop on this news signalled an over-reaction from the market? After all, that’s a pretty resilient performance against what continues to be a struggling motor retail sector. But the near term now looks more challenging for 2020, even if analysts at Numis expect a “return to solid growth thereafter”.
