Inchcape Cancels Further Shares as Buyback Programme Passes £237m

Inchcape ( (GB:INCH) ) has shared an announcement.

Inchcape plc has continued its ongoing share buyback programme with the purchase on 2 February 2026 of 110,955 ordinary shares, at a volume-weighted average price of 819.78 pence, via Jefferies International Limited. The company intends to cancel these shares, reducing its total shares in issue to 359,671,687, and bringing total repurchases since the programme’s launch in March 2025 to 34,223,332 shares at a cost of £237.7 million, signalling an active capital return strategy and further share count reduction for existing shareholders.

The most recent analyst rating on (GB:INCH) stock is a Buy with a £933.00 price target. To see the full list of analyst forecasts on Inchcape stock, see the GB:INCH Stock Forecast page.

Spark’s Take on GB:INCH Stock

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

Inchcape’s strong financial performance and attractive valuation are the most significant factors contributing to its high score. The technical indicators also support a positive outlook, with bullish momentum evident. The ongoing share buyback program further enhances shareholder value, although it is not directly factored into the score due to weight redistribution.

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

More about Inchcape

Inchcape plc is a UK-listed automotive services group, primarily engaged in the distribution and retail of vehicles and related services across global markets. The company operates through partnerships with major automotive manufacturers and focuses on optimising its capital structure and shareholder returns, including through mechanisms such as share buyback programmes.

Average Trading Volume: 753,217

Technical Sentiment Signal: Buy

Current Market Cap: £2.94B

Learn more about INCH stock on TipRanks’ Stock Analysis page.