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Motorpoint – “demand levels have exceeded management's expectations”... so why are the shares lower?...

By Steve Moore | Thursday 8 October 2020


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Self-styled “the UK’s leading independent omni-channel vehicle retailer”, Motorpoint Group (MOTR) has updated commencing, “Since the group’s sites reopened from the UK-wide lockdown in early June, demand levels have exceeded management’s expectations with strong year on year sales growth”. On the announcement, the shares are though currently 6.5% lower…

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