Audio Note: Motorpoint – Gaining share but shrinking profit

In this audio note, Zeus’ Mike Allen summarises the investment case for Motorpoint.

Motorpoint’s H1 results (announced on 24 November) showed market share gains in the 0-4 year old used car market and an outperformance of total UK used car transactions, albeit with materially lower profits vs. H1 2022.

Listen to the audio note below, and read the full research here.

Listen to all episodes of the Zeus Research team Audio Notes here.

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