
Inchcape plc (IHCPF) Q4 2025 Earnings Call Transcript
Inchcape plc (IHCPF) Q4 2025 Earnings Call Transcript
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Inchcape plc (IHCPF) Q4 2025 Earnings Call Transcript

Inchcape PLC (LSE:INCH), the FTSE 250 global automotive distributor, saw its shares fall 8% to 797p on Tuesday as investors focused on continuing challenges in its Asia Pacific operations that are expected to hold back growth in the year ahead. The company guided for organic volume growth towards the lower end of its 3% to 5% target range in 2026, with performance weighted towards the second half of the year, as management continues to take action to address weakness in the region.

Inchcape plc (OTCPK:IHCPF) Q3 2025 Earnings Call October 23, 2025 3:30 AM EDT Company Participants Duncan Tait - Group CEO & Director Adrian Lewis - Group CFO & Director Conference Call Participants Arthur Truslove - Citigroup Inc., Research Division Abi Bell - UBS Investment Bank, Research Division David Brockton - Deutsche Bank AG, Research Division Akshat Kacker - JPMorgan Chase & Co, Research Division Andrew Nussey - Peel Hunt LLP, Research Division Sanjay Vidyarthi - Panmure Liberum Limited, Research Division Presentation Operator Hello, and welcome to Inchcape's 2025 Q3 Trading Update. We are now joined by -- today by Duncan Tait, Group Chief Executive; Adrian Lewis, Group Chief Financial Officer; and Rob Gurner, Head of Investor Relations.

Shares in Inchcape PLC (LSE:INCH), the car distributor, rose almost 4% after UBS began coverage with a bullish rating and punchy valuation. It kicked off with a “buy” and a price target of 920p, implying nearly 40% upside from the current 687.5p (up 25p on the day).

Shares in Inchcape PLC (LSE:INCH) fell 7% on Tuesday after analysts trimmed their forecasts to reflect foreign exchange headwinds, overshadowing otherwise resilient results and upbeat guidance for the rest of the year. The global automotive distributor reported interim revenue of £4.3 billion for the first half, down 4% at constant currency and 9% on a reported basis.

Car distributor Inchcape PLC (LSE:INCH) saw its shares rise 5.7% on the back of a brief trading statement, which included no numbers. After a tough first quarter, where organic sales fell 5%, trading over the first half was described as having seen "consistent overall TIV trends", referring to total industry volumes across its markets, "with limited tariff-related impact so far".

Deutsche Bank has lowered its rating on Inchcape PLC (LSE:INCH) from 'buy' to 'hold' and cut its price target from 1000p to 800p, citing a sluggish start to the year for the car dealer and macroeconomic uncertainty across key markets. In a note to clients, analyst David Brockton said first-quarter revenue fell 8% on a reported basis and 5% organically, a steeper decline than the 1% dip seen in the final quarter of 2024.

Sales will start in the second quarter of 2025 3 XPENG models will be available for Polish market: the sleek P7 sedan, the popular G9 flagship SUV, and the ultra-smart G6 coupe SUV Each model earned the prestigious Euro NCAP 5-star safety rating Poland represents the largest market for XPENG in Eastern Europe WARSAW, Poland, Feb. 27, 2025 (GLOBE NEWSWIRE) -- XPENG, a leading Chinese born high-tech and automotive company, appoints Inchcape as distributor and strategic partner for Poland. Inchcape, a global leader in automotive distribution, is responsible for the importation and distribution of XPENG-vehicles in Poland.

Panmure Liberum has issued an “uneasy buy” recommendation on Inchcape PLC (LSE:INCH), the car distributor, after reducing its price target from 1,220 pence to 1,000 pence. The decision follows a series of challenges affecting Inchcape's outlook, particularly foreign exchange losses and weakening performance in the Asia-Pacific and Americas regions.

Inchcape PLC (LSE:INCH) shares came under pressure as the car dealer said revenues were more or less flat in its latest quarter while currency movements will hit its stated full-year numbers. Group revenue of £2.2bn, up 2% at constant currency, with organic revenue down by 1%.

Citi analysts have reiterated their buy rating on FTSE 250-listed car dealership Inchcape PLC (LSE:INCH) shares in a brief broker note. “We believe Inchcape has a unique consolidation opportunity within the automotive distribution market,” said Citi, noting that the company secured 15 new contracts and three M&A transactions in 2023.

FTSE 250-listed car dealership Inchcape PLC (LSE:INCH)'s chief financial officer Adrian Lewis has reaffirmed the company's commitment to its London listing despite agreeing to sell its UK retail business to a US competitor. “We are very happy with our listing in London.

FTSE 250-listed car dealership Inchcape PLC (LSE:INCH)'s chief financial officer Adrian Lewis has reaffirmed the company's commitment to its London listing despite agreeing to sell its UK retail business to a US competitor. “We are very happy with our listing in London.

Car dealer Inchcape PLC may have found a potential interested buyer in US rival AutoNation Inc (NYSE:AN). In January the London-listed company said it had received "approaches from a number of interested parties" and was reviewing options for its UK retail business, potentially including a sale.