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Inchcape Cancels New Batch of Shares in Ongoing £248m Buyback Drive

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Inchcape Cancels New Batch of Shares in Ongoing £248m Buyback Drive

Meet Samuel – Your Personal Investing Prophet

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

Inchcape plc has repurchased 374,532 ordinary shares on 12 February 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 839.29p per share through Jefferies International across multiple trading venues. The company will cancel these shares, reducing the total number of shares in issue to 358,366,826, and has now bought back 35,528,193 shares since March 2025 at a total cost of about £248.6m, signalling continued capital return to shareholders and tighter share capital.

The transactions were executed on the London Stock Exchange and other European platforms, with prices ranging between 834.50p and 843.00p per share on the day. By cancelling rather than holding the repurchased shares in treasury, Inchcape further concentrates existing shareholders’ equity interests and potentially supports earnings per share, underscoring management’s confidence in the group’s financial position and long-term strategy.

The most recent analyst rating on (GB:INCH) stock is a Buy with a £939.00 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 global automotive distribution and retail group listed in London, focusing on the sale, distribution and servicing of vehicles through partnerships with major car manufacturers. The company actively manages its capital structure, including through share buyback programmes, to enhance shareholder returns and optimise its equity base.

Average Trading Volume: 778,476

Technical Sentiment Signal: Buy

Current Market Cap: £3.05B

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

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