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Inchcape Cancels Further Shares as Buyback Reaches £26.3m

Story Highlights
  • Inchcape repurchased 505,020 shares in April as part of its ongoing buyback programme.
  • Cancelling the repurchased shares cuts the share count and signals continued capital returns to investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Inchcape Cancels Further Shares as Buyback Reaches £26.3m

Meet Samuel – Your Personal Investing Prophet

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

Inchcape has repurchased 505,020 ordinary shares between 20 and 24 April 2026 under its ongoing buyback programme, at prices mostly around 800–820 pence per share, through UBS AG London Branch. The company plans to cancel all of these shares, reducing the total number of shares in issue to 354,895,411, and has bought 3,312,825 shares for about £26.3 million since the programme began, signalling continued capital returns for shareholders and a tighter share base.

The latest tranche of repurchases was executed across several trading venues, including the London Stock Exchange, CHIX, BATE, Aquis and Turquoise, reflecting active use of market liquidity to implement the buyback. By cancelling rather than holding the shares in treasury, Inchcape is directly reducing its share count, which can support earnings per share and may strengthen its market valuation over time, underlining management’s confidence in the company’s financial position.

The most recent analyst rating on (GB:INCH) stock is a Buy with a £990.00 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 an automotive distribution and retail group that focuses on selling and servicing vehicles across multiple markets. The company operates through partnerships with major car manufacturers and uses capital management tools, including share buybacks, to optimise its balance sheet and enhance shareholder returns.

Average Trading Volume: 858,157

Technical Sentiment Signal: Strong Buy

Current Market Cap: £2.84B

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

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