Motorpoint’s interims showed a return to profit, strong trading momentum, market share gains and a reassurance that the disruption in the motor finance market is unlikely to have a material impact. Zeus estimates are unchanged following the results, but we note that there could be upside risk to these forecasts. We introduce a new price target of 200p per share and a BUY rating based on the strong momentum in operational and financial KPIs reported by the Group and the long-term growth outlook.