Want to see GB:RMV full AI Analyst Report?
Top Page
Rightmove
(LSE:RMV)
Select Model
Select Model
Rating:83Outperform
Price Target:
627.00 p
▲(21.84% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by outstanding financial quality (very high margins, strong free cash flow conversion, and low leverage). Earnings-call guidance remains steady with clear product and monetization progress, though New Homes weakness, cost growth, and legal exceptional costs cap upside. Valuation is reasonable (P/E ~16 with a ~2.29% yield), while technicals are moderately positive but not decisively strong versus the 200-day trend.
Positive Factors
Recurring platform model and network effects
Rightmove’s subscription and advertising model provides recurring revenue from property professionals rather than depending on transaction commissions. Its two-sided network, where consumer traffic attracts advertisers and broad listings attract consumers, supports retention and pricing power over time.
Negative Factors
Structural weakness in New Homes volumes
Fewer New Homes developments reduce the inventory available for agents and developers to advertise, creating a direct constraint on platform volume and revenue growth. Management’s expectation of continued declines indicates this is an ongoing end-market headwind rather than a brief quarterly fluctuation.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring platform model and network effects
Rightmove’s subscription and advertising model provides recurring revenue from property professionals rather than depending on transaction commissions. Its two-sided network, where consumer traffic attracts advertisers and broad listings attract consumers, supports retention and pricing power over time.
Read all positive factors
Rightmove (RMV) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£3.88B
Dividend Yield2%
Average Volume (3M)4.79M
Price to Earnings (P/E)18.6
Beta (1Y)0.73
Revenue Growth7.26%
EPS Growth9.70%
CountryUK
Employees935
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.29
Shares Outstanding723,619,600
10 Day Avg. Volume4,995,172
30 Day Avg. Volume4,794,247
Financial Highlights & Ratios
PEG Ratio1.11
Price to Book (P/B)48.77
Price to Sales (P/S)9.44
P/FCF Ratio16.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£515.18Price Target Upside0.11% Upside
Rating ConsensusHold
Number of Analyst Covering11
EPS Forecast (FY)0.31
Revenue Forecast (FY)£454.38M
Rightmove Business Overview & Revenue Model
Company Description
Rightmove plc operates digital platforms for real estate listings, catering to both the UK market and international clients. Its business activities are structured into three main divisions: the Agency segment, which facilitates advertising for re...
How the Company Makes Money
Rightmove primarily makes money by charging UK estate agents, letting agents, and new-home developers subscription/advertising fees to list properties and promote their brands on its platform. The core revenue stream is recurring membership/advert...
Rightmove Earnings Call Summary
Earnings Call Date:Jul 31, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Feb 26, 2027
Earnings Call Sentiment Positive
The call presented multiple clear execution and monetization wins: strong ARPA-led growth in Agency, solid traction in strategic growth areas (Commercial, Rental Services), significant product and AI progress (Ask Rightmove, OAV, agentic tooling), disciplined capital returns (GBP 400m+ targeted) and maintained profit guidance. However, a pronounced weakness in New Homes volumes, a modest decline in mortgage revenues, rising operating costs, and ongoing legal exceptional costs temper the outlook. Management emphasizes product-led resilience and readiness for a market rebound while conservatively guiding revenue and development assumptions for the rest of the year.Positive Updates
Group revenue growth
Group revenue increased 7% year-on-year in H1 2026, driven by ARPA and membership increases in the core Estate Agency business and contributions from strategic growth areas.
Negative Updates
New Homes market volume weakness
New Homes development volumes softened materially: membership declined by 121 developments since the start of the year (over 80% of that decline in Q2). Management expects development numbers to finish the year down 6%–10%; new developments coming to market are at the lowest levels on record.
Read all updates
Q2-2026 Updates
Positive
Negative
Group revenue growth
Group revenue increased 7% year-on-year in H1 2026, driven by ARPA and membership increases in the core Estate Agency business and contributions from strategic growth areas.
Read all positive updates
Company Guidance
Management guided FY‑26 revenue growth to 6–8% (down from prior expectations due to New Homes), expecting New Homes development numbers to finish the year down 6–10% with continued H2 declines; Agency membership to finish ~1–2% higher year‑on‑year; strategic growth areas (SGAs) to grow 20–30% (with H2 growth > H1); full‑year underlying operating profit growth reiterated at 3–5% and at least 5% EPS growth expected; exceptional legal costs guided at £4–7m for the year; capital allocation includes an interim dividend of 4.17p, a completed £90m buyback, plans to purchase >£330m of shares (and distribute >£400m total) over the next 12 months, and a new £200m RCF (≈0.5x leverage at full drawdown).Rightmove Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
84
Very Positive
Cash Flow
92
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 439.25M | 425.13M | 389.88M | 364.32M | 332.62M | 304.89M |
| Gross Profit | 433.67M | 425.13M | 389.88M | 359.33M | 328.04M | 304.89M |
| EBITDA | 300.75M | 296.20M | 264.95M | 263.02M | 245.93M | 228.13M |
| Net Income | 218.37M | 217.07M | 192.71M | 199.15M | 195.68M | 183.09M |
Balance Sheet | ||||||
| Total Assets | 124.12M | 128.18M | 118.50M | 104.87M | 101.76M | 107.58M |
| Cash, Cash Equivalents and Short-Term Investments | 34.34M | 42.91M | 41.14M | 38.87M | 40.14M | 47.99M |
| Total Debt | 5.36M | 7.18M | 6.16M | 7.40M | 9.57M | 11.01M |
| Total Liabilities | 51.16M | 45.88M | 37.64M | 35.52M | 33.60M | 37.05M |
| Stockholders Equity | 72.95M | 82.30M | 80.86M | 69.36M | 68.16M | 70.53M |
Cash Flow | ||||||
| Free Cash Flow | 240.52M | 237.83M | 202.19M | 203.37M | 195.55M | 194.32M |
| Operating Cash Flow | 241.50M | 238.73M | 211.27M | 206.71M | 198.40M | 195.04M |
| Investing Cash Flow | -7.15M | -10.18M | -17.23M | -1.65M | -2.89M | -719.00K |
| Financing Cash Flow | -236.83M | -227.09M | -191.92M | -206.51M | -203.40M | -243.02M |
Rightmove Technical Analysis
Positive
514.60
Price Trends
490.58
Positive
467.47
Positive
452.09
Positive
Market Momentum
19.78
Negative
62.28
Neutral
81.92
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:RMV, the sentiment is Positive. The current price of 514.6 is above the 20-day moving average (MA) of 493.55, above the 50-day MA of 490.58, and above the 200-day MA of 452.09, indicating a bullish trend. The MACD of 19.78 indicates Negative momentum. The RSI at 62.28 is Neutral, neither overbought nor oversold. The STOCH value of 81.92 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:RMV.
Rightmove Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | £3.88B | 18.57 | 281.32% | 2.00% | 7.26% | 9.70% | |
79 Outperform | £4.12B | 15.95 | 60.53% | 2.14% | 3.86% | 7.86% | |
71 Outperform | €938.52M | 21.52 | 15.51% | 150.45% | 6.85% | 15.82% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
* Communication Services Sector Average
GB:RMV
Rightmove
531.00
-145.24
-21.48%
GB:AUTO
Auto Trader
528.00
-265.11
-33.43%
GB:BCG
Baltic Classifieds Group Plc
2.33
-1.11
-32.27%
Rightmove Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Rightmove Updates Market on Ongoing Share Buyback and Voting Rights Adjustments
Positive
Oct 21, 2026
Rightmove plc has continued executing its previously announced share buyback programme, purchasing a total of 470,792 ordinary shares on 19 and 20 October 2026 through Peel Hunt LLP. The company stated that all shares repurchased under this tranch...
Regulatory Filings and Compliance
Rightmove Discloses Share Purchase by Non-Executive Director Rosemary Leith
Positive
Oct 21, 2026
Rightmove plc has disclosed a transaction involving non-executive director Rosemary Leith, who purchased 2,300 ordinary shares of 0.1 pence each in the company at a price of £5.416 per share on 19 October 2026 in London. The notification, mad...
Stock BuybackRegulatory Filings and Compliance
Rightmove Updates Market on Latest Share Buybacks and Voting Rights
Neutral
Oct 19, 2026
Rightmove plc has continued to execute its previously announced share buyback programme, purchasing more than 2.2 million ordinary shares on the London Stock Exchange between 12 and 15 October 2026. The trades were carried out via Peel Hunt LLP at...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Rightmove Advances Share Buyback, Cuts Voting Share Count
Positive
Oct 12, 2026
Rightmove plc has continued to execute its previously announced share buyback programme, purchasing more than 1.4 million ordinary shares on the London Stock Exchange between 5 and 9 October 2026 via Peel Hunt LLP. The transactions were carried ou...
Stock BuybackRegulatory Filings and Compliance
Rightmove Reduces Voting Share Base Through Ongoing Buyback Programme
Positive
Oct 5, 2026
Rightmove plc has continued executing its share buyback programme, repurchasing several tranches of ordinary shares on the London Stock Exchange between 28 September and 2 October 2026. The trades, carried out via Peel Hunt LLP at weighted average...
Business Operations and StrategyFinancial Disclosures
Rightmove Schedules November Trading Update
Neutral
Oct 5, 2026
Rightmove said it will release a trading update at 7:00 a.m. on 6 November 2026, signalling upcoming disclosure on the company’s recent financial and operational performance. The scheduled update will be closely watched by investors and mark...
Business Operations and StrategyExecutive/Board Changes
Rightmove Grants Long-Term Share Options to CEO and CFO Under Sharesave Plan
Positive
Oct 1, 2026
Rightmove has disclosed that chief executive Johan Svanstrom and chief financial officer Ruaridh Hook have both been granted options over ordinary shares under the company’s 2017 Sharesave Plan. The options, priced at £4.09 per share an...
Regulatory Filings and Compliance
Rightmove Confirms Total Voting Rights Following Treasury Share Holdings
Neutral
Oct 1, 2026
Rightmove plc has confirmed that, as of 30 September 2026, its issued share capital stands at 738,593,137 ordinary shares, of which 10,413,689 are held in treasury, leaving 728,179,448 shares carrying voting rights.The company stated that this tot...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Rightmove Cancels Over Two Million Shares in Ongoing Buyback Programme
Positive
Sep 28, 2026
Rightmove has continued executing its previously announced share buyback programme, repurchasing more than two million ordinary shares on the London Stock Exchange between 21 and 25 September 2026 via Peel Hunt. The buyback is part of the company&...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Rightmove Reduces Free-Float with Latest Share Buybacks
Positive
Sep 21, 2026
Rightmove has continued to execute its share buyback programme, repurchasing and cancelling ordinary shares on the London Stock Exchange over several trading days in mid-September 2026. The transactions, conducted via Peel Hunt LLP, reduce the num...
Stock BuybackRegulatory Filings and Compliance
Rightmove Cancels Shares After Latest Buyback Tranches
Positive
Sep 14, 2026
Rightmove plc has continued to execute its previously announced share buyback programme, purchasing several tranches of ordinary shares on the London Stock Exchange between 7 and 11 September 2026. The trades, executed via Peel Hunt LLP, were cond...
Regulatory Filings and Compliance
Rightmove Reports Regulatory Notification of Shareholding Change
Neutral
Sep 11, 2026
Rightmove has disclosed that a TR1 notification on holdings in the company has been submitted, signalling a reportable change in share ownership under regulatory disclosure rules. While the announcement does not detail the size or nature of the ho...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Rightmove Reduces Share Capital Through Ongoing Buyback Programme
Neutral
Sep 7, 2026
Rightmove plc has repurchased and cancelled a series of ordinary shares on the London Stock Exchange as part of its previously announced share buyback programme, executing several trades through Peel Hunt LLP over early September. The cancellation...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Rightmove Cancels Over 2.5 Million Shares in Ongoing Buyback Programme
Positive
Sep 1, 2026
Rightmove plc has continued executing its previously announced share buyback programme, repurchasing more than 2.5 million ordinary shares on the London Stock Exchange between 24 and 28 August 2026 at weighted average prices around 508–515 p...
Business Operations and StrategyRegulatory Filings and Compliance
Rightmove updates market on total voting rights and share capital
Neutral
Sep 1, 2026
Rightmove has confirmed that its issued share capital stood at 744,488,366 ordinary shares as of 31 August 2026, with 10,413,689 shares held in treasury, leaving 734,074,677 voting rights in issue. The updated voting rights figure provides shareho...
Stock BuybackRegulatory Filings and Compliance
Rightmove Cancels Shares After Latest Buyback, Updates Voting Rights
Positive
Aug 24, 2026
Rightmove plc has executed purchases of its own ordinary shares between 17 and 21 August 2026 under a previously announced share buyback programme, with trades carried out on the London Stock Exchange by Peel Hunt LLP and at weighted average price...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Rightmove Advances Share Buyback, Cuts Voting Share Count
Positive
Aug 17, 2026
Rightmove has continued executing its recently announced share buyback programme, repurchasing and cancelling a series of ordinary shares on the London Stock Exchange between 10 and 14 August 2026 through Peel Hunt LLP. The transactions, carried o...
Stock BuybackRegulatory Filings and Compliance
Rightmove Updates Market on August Share Buyback and Reduced Share Capital
Positive
Aug 10, 2026
Rightmove plc has continued executing its previously announced share buyback programme, repurchasing and cancelling a series of ordinary shares on the London Stock Exchange between 3 and 7 August 2026. The transactions, conducted via Peel Hunt LLP...
Regulatory Filings and Compliance
Rightmove Updates Market on Total Voting Rights
Neutral
Aug 3, 2026
Rightmove has updated the market on its capital structure, confirming that as of 31 July 2026 it had 752,554,066 ordinary shares in issue, of which 10,440,550 shares are held in treasury. This leaves 742,113,516 voting rights in circulation, a key...
Business Operations and StrategyStock Buyback
Rightmove Continues Long-Running Share Buy-Back Programme
Positive
Jul 31, 2026
Rightmove plc has continued its long-running share buy-back programme with the repurchase of 114,403 ordinary shares at a volume-weighted average price of 465.421p, executed through UBS AG London Branch. The shares, representing 0.0154% of voting ...
Business Operations and StrategyStock Buyback
Rightmove Launches £350m Share Buyback to Boost Shareholder Returns
Positive
Jul 31, 2026
Rightmove plc, the U.K.’s no. 1 property website, has launched a new share buyback programme effective 3 August 2026, targeting repurchases of ordinary shares up to an aggregate £350 million. The initiative forms part of its capital all...
Business Operations and StrategyStock BuybackFinancial DisclosuresPrivate Placements and Financing
Rightmove Leans on AI Innovation as Profits Rise and Capital Returns Increase
Positive
Jul 31, 2026
Rightmove reported a solid first half of 2026, with revenue up 7% to £225.8m and underlying operating profit up 3%, driven by strong demand for premium packages and new AI‑led products across its core Agency and New Homes businesses. Ag...
Business Operations and StrategyStock Buyback
Rightmove Extends Share Buy-Back, Cancels Additional Shares
Positive
Jul 29, 2026
Rightmove plc has continued its long-running share buy-back programme with the repurchase of 110,000 ordinary shares on 29 July 2026 at a volume-weighted average price of 478.687p, executed through UBS AG London Branch. The transaction represents ...
Business Operations and StrategyStock Buyback
Rightmove Continues Long-Running Share Buy-Back as It Cancels New Batch of Shares
Positive
Jul 28, 2026
Rightmove plc has continued its long-running capital return strategy by repurchasing 102,000 ordinary shares at a volume-weighted average price of 469.833p, with the shares to be cancelled. The latest transaction, executed via UBS AG London Branch...
Business Operations and StrategyStock Buyback
Rightmove Extends Long-Running Share Buy-Back Programme
Positive
Jul 27, 2026
Rightmove plc has continued its long-running share buy-back strategy, repurchasing 150,000 ordinary shares on 27 July 2026 at a volume-weighted average price of 452.265p. The transaction, executed through UBS AG London Branch, represents 0.0202% o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.