Motorpoint MOTR

May 30, 2019 - 11:13am EST by

member

						2019	2020
Price:		199.50		EPS		0	0
Shares Out. (in M):		99		P/E		0	0
Market Cap (in $M):		198		P/FCF		0	0
Net Debt (in $M):		-15		EBIT		0	0
TEV (in $M):		183		TEV/EBIT		0	0

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6	member 11/21/19 6:03PM Re: Warranty & Competition/Disruption 5
sorry for delay - missed this earlier. i spoke with cfo last april and both topics came up. i'll do my best to answer what I recall. 1. The answer I got was they viewed it... login to read the rest view available tags
5	member 11/11/19 4:13AM Warranty & Competition/Disruption
rhubarb, thank you for the idea. 1. Wy did they decide to outsource the extended warranty program? Anything related to the quality/performance of the cars that they saw after the warranty period? Can you elaborate a... login to read the rest view available tags
4	member 5/30/19 5:28PM Re: Warranty Program 2
Sure, the company used to take the underwriting risk on extended warranties. Accounting impact: the company collects cash up front, but the deferred revenue/expenses are recognized ratably over the term of the contract. In December of '16, the... login to read the rest view available tags
3	member 5/30/19 5:11PM Re: Management 1
They have a good grasp of the business, their track record is solid, their strategy makes sense, and their approach to capital allocation is rational. However, my point wasn't that my call was filled with unique insights... login to read the rest -1 view available tags
2	member 5/30/19 4:55PM Warranty Program
Second question - you also wrote that this year earnings had suffered a headwind from a "warranty program run-off" - what kind of program is this, why did it run off this year & how large 1 view available tags
1	member 5/30/19 4:52PM Management
Thanks for the writeup You wrote - I’ve spoken with Mark Carpenter (CEO) and James Gilmour (CFO) and am impressed by both - what impressed you about them? / what did you learn about how they approach view available tags

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