Earnings ·
Group 1 Automotive reports Q3 diluted EPS of $8.59 and completes $1.7B Hennessy acquisition
GPIGroup 1 Automotive Inc
Group 1 Automotive reported third-quarter 2026 results with total revenues of $5.4 billion, a 6.7% decline from the prior-year quarter, and net income from continuing operations of $102.9 million. Diluted earnings per share rose to $8.59 compared to $1.02 in the year-ago period, driven by lower asset impairment charges and improved operating margins despite a 3.5% drop in new vehicle unit sales. The company also completed its acquisition of Hennessy Automobile Companies for approximately $1.7 billion in annual revenues, expanding its presence in the Atlanta market to 15 dealerships. Additionally, Group 1 announced proceeds of approximately $235 million from recent U.S. dealership dispositions and expects an additional $125 million from pending sales to support leverage reduction efforts. The company operates automotive dealerships in the United States and the United Kingdom.