Rightmove Continues Long-Running Share Buy-Back, Cancels Additional 150,000 Shares

Rightmove repurchased and cancelled 150,000 ordinary shares on July 10, 2026, at an average price of 435.321p. This transaction reduces the share count to 744,209,917, marking the 564,353,611th share bought back since 2007. The move reflects the company's ongoing strategy to return surplus capital to shareholders and manage its equity base, aiming to enhance earnings per share.

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Rightmove ( (GB:RMV) ) has provided an update.

Rightmove plc has continued its long-running capital management strategy by repurchasing 150,000 of its 0.1p ordinary shares on 10 July 2026 at a volume-weighted average price of 435.321p, with the shares bought through UBS AG London Branch. The purchase, representing 0.0202% of existing voting rights, will be cancelled, reducing the share count to 744,209,917 in issue excluding 10,490,552 treasury shares and taking total buy-backs since 2007 to 564,353,611 shares.

The latest transaction underscores Rightmove’s ongoing commitment to returning surplus capital to shareholders and managing its equity base, a strategy that can enhance earnings per share and support valuation in the competitive online property portal market. By steadily shrinking its free-float over nearly two decades, the company signals confidence in its long-term prospects and cash generation, which is likely to be welcomed by investors focused on shareholder returns and capital efficiency.

The most recent analyst rating on (GB:RMV) stock is a Hold
with a £523.00 price target.
To see the full list of analyst forecasts on Rightmove stock,
see the GB:RMV Stock Forecast page.

Spark’s Take on RMV Stock

According to Spark, TipRanks’ AI Analyst, RMV is a Outperform.

The score is driven primarily by strong financial performance (exceptional margins, low leverage, and robust free cash flow) and supportive valuation (low P/E with a solid dividend yield). Earnings-call guidance remains positive despite near-term margin/profit growth pressure from increased investment, while technicals are mixed with improving near-term momentum but a weaker longer-term trend.

To see Spark’s full report on RMV stock,
click here.

More about Rightmove

Rightmove plc is a U.K.-based online property portal that provides listings for residential and commercial real estate, connecting estate agents, developers and sellers with prospective buyers and renters. The company operates a digital marketplace focused on the U.K. housing sector, offering advertising and data services to industry participants and consumers.

Average Trading Volume: 4,551,550

Technical Sentiment Signal: Sell

Current Market Cap: £3.25B

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