Group 1 Automotive Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Group 1 (GPI) reports Q3 diluted EPS of $8.59, versus $1.02 year over year
- ➤Adjusted Q3 diluted EPS $9.36, down from $10.45 year over year
- ➤Hennessy acquisition adds 10 dealerships and approximately $1.7 billion annual revenue
- ➤U.S. dispositions generated approximately $235 million, with another $125 million expected
- ➤U.S. same-store customer-pay revenue rose 3.2%; repair orders increased 4% year over year
Expert Statements
Daryl Kenningham, President and Chief Executive Officer of Group 1 Automotive
“We're pleased to have closed the Hennessy acquisition and grateful to the Hennessy family for 62 years of excellent stewardship.”
Daryl Kenningham, President and Chief Executive Officer of Group 1 Automotive
“This acquisition aligns with our strategy to focus on high-revenue, premium brand stores in growing markets where we have a strong local presence.”
Daryl Kenningham, President and Chief Executive Officer of Group 1 Automotive
“We have been deliberately reshaping our portfolio into larger, more profitable stores and seeing good progress selling stores that don't fit our strategy.”
Daryl Kenningham, President and Chief Executive Officer of Group 1 Automotive
“Proceeds from these sales will support our commitment to reduce our leverage.”
Daryl Kenningham, President and Chief Executive Officer of Group 1 Automotive
“Our focus on operating execution was evident in the third quarter. Year-over-year growth rates improved across key same store operating metrics compared to the second quarter, despite challenging market conditions. Importantly, in the U.S. we grew same-store customer pay revenue and repair orders 3% and 4% year-over-year, respectively, and continued to benefit from the cost-cutting actions we took earlier this year.”
Group 1 Automotive Reports Third Quarter 2026 Financial Results PR Newswire
* Current quarter diluted earnings per common share from continuing operations of $8.59 and current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) of $9.36 * Recently completed the purchase of 10 high volume and high margin dealerships from Hennessy Automobile Companies, expanding our presence in the fast-growing Atlanta market to 15 dealerships * Disposition plan supporting our strategy to reduce leverage on track: completed U.S. dispositions with approximately $235 million in proceeds since quarter end, with an additional $125 million in proceeds expected from dispositions under definitive agreement, totaling approximately $360 million of proceeds * All time record customer pay revenues and repair order count in the U.S. HOUSTON, Oct. 28, 2026 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 256 dealerships located in the U.S. and U.K., today reported financial results for the third quarter of 2026 ("current quarter").
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