Inchcape Continues £250m Share Buyback, Cancels Newly Repurchased Shares

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

Inchcape plc has repurchased 155,349 ordinary shares on 2 March 2026 as part of its ongoing share buyback programme, paying a volume-weighted average price of 871.03 pence per share through Jefferies International across several trading venues. The company intends to cancel these shares, reducing the total number of shares in issue to 358,208,236.

Since launching the buyback on 4 March 2025, Inchcape has acquired 35,686,783 shares at a total cost just shy of £250 million, signalling a continued commitment to returning capital to investors and potentially enhancing earnings per share. The scale and persistence of the programme underline management’s confidence in the company’s valuation and provide incremental support to the share price in the market.

The most recent analyst rating on (GB:INCH) stock is a Hold with a £880.00 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 an automotive distribution and retail group that operates globally, focusing on the sale, distribution, and servicing of vehicles. The company works with major automotive brands and uses capital management tools such as share buybacks to optimise its balance sheet and deliver returns to shareholders.

Average Trading Volume: 767,729

Technical Sentiment Signal: Buy

Current Market Cap: £3.18B

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