Inchcape Stock News

Inchcape PLC (LSE:INCH), the automotive distributor, fell 7% to 642p on Thursday after weak Australian trading forced it to lower its full-year operating margin outlook to 5.5%. The shares dropped 48p as investors assessed the impact of weaker demand for Subaru vehicles in Australia and the risk of further earnings downgrades.

Auto distributor Inchcape cuts margin forecast on Australia woes, shares tumble

UBS has downgraded Inchcape PLC (LSE:INCH), the global automotive distributor, to 'neutral' from 'buy' and cut its price target to 750p from 990p as weaker volumes cloud near-term earnings. UBS analysts Abi Bell, Rory McKenzie and Nicole Manion expect Inchcape's adjusted earnings per share estimates to fall by 2% to 7% between 2026 and 2028 as volumes, product mix and the APAC recovery prove we...