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Inchcape Cancels Further Shares as Buyback Nears £14m

Story Highlights
  • Inchcape repurchased 414,529 shares in late March under its buyback programme and will cancel them, reducing total shares in issue to about 356.5 million.
  • The company has spent nearly £14 million buying back 1.75 million shares since early March, reinforcing capital discipline and potentially boosting earnings per share.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Inchcape Cancels Further Shares as Buyback Nears £14m

Meet Samuel – Your Personal Investing Prophet

An update from Inchcape ( (GB:INCH) ) is now available.

Inchcape has repurchased 414,529 ordinary shares between 23 and 27 March 2026 as part of its previously announced share buyback programme, paying volume‑weighted average prices of around 771p to 797p per share through UBS. The company plans to cancel all of these shares, which will reduce the total number of shares in issue to 356,454,027, and has bought 1,754,209 shares in total since the programme began at an aggregate cost of nearly £14m, signalling continued capital returns to shareholders.

By opting to cancel, rather than hold, the repurchased shares, Inchcape is effectively shrinking its share capital, which can enhance earnings per share and potentially support the share price. The ongoing buyback underlines management’s confidence in the group’s financial position and cash generation, and may be viewed positively by investors seeking capital discipline in the automotive distribution sector.

The most recent analyst rating on (GB:INCH) stock is a Hold with a £869.00 price target. To see the full list of analyst forecasts on Inchcape stock, see the GB:INCH Stock Forecast page.

Spark’s Take on INCH Stock

According to Spark, TipRanks’ AI Analyst, INCH is a Outperform.

The score is driven primarily by solid underlying financials with strong cash generation, reinforced by upbeat 2026 guidance and shareholder returns (buybacks/dividend). Valuation is attractive (low P/E and decent yield), but the overall score is held back by weaker near-term technicals and the risk that recent margin pressure and APAC headwinds persist.

To see Spark’s full report on INCH stock, click here.

More about Inchcape

Inchcape plc is a global automotive distribution and retail group that focuses on selling and servicing vehicles across multiple markets. The company operates through partnerships with major car manufacturers, providing distribution, retail, and related mobility services in both developed and emerging economies.

Average Trading Volume: 821,550

Technical Sentiment Signal: Buy

Current Market Cap: £2.8B

For a thorough assessment of INCH stock, go to TipRanks’ Stock Analysis page.

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