Inchcape stock falls 2.54 percent as buyback continues

Inchcape stock stood at GBp 787.50 on the London Stock Exchange on September 23, 2026, down 2.54 percent from the previous close. The company is also reducing its share count through a buyback that continued through September 18, 2026, according to Investegate.

Buyback reduces share count

Inchcape purchased 1,131,887 ordinary shares between September 14 and September 18, bringing cumulative purchases since March 3 to 15,124,571 shares. The issued share count fell to 343,083,665 after the latest tranche, giving the capital-return program a measurable effect on the denominator used for earnings per share.

The buyback follows an earlier tranche of 1,288,766 shares purchased between September 7 and September 11. That transaction reduced the issued share count to 344,215,552, according to TipRanks.

FY25 cash generation remains central

Inchcape reported FY25 revenue of GBP 9.1 billion and organic growth of 1 percent. Adjusted profit before tax reached GBP 443 million, up 3 percent year over year in constant currency, while the operating margin was 6.2 percent, according to the company investor page.

Free cash flow totaled GBP 315 million, equal to 104 percent of free cash flow to adjusted profit after tax. Adjusted basic earnings per share rose 13 percent to 80.8 pence, while the proposed dividend increased 13 percent to 32.3 pence. The combination of cash conversion and buybacks is the key link between operating performance and per-share returns.

Share price stays below yearly high

At GBp 787.50 on September 23, 2026, Inchcape stock was 12.0 percent below its 52-week high of GBp 895 and 16.8 percent above its 52-week low of GBp 674. Trading volume reached 849,155 shares, compared with an average volume of 770,138.