Group 1 Automotive, Inc. Reports First Quarter 2026 Financial Results

Group 1 Automotive, Inc. reported its financial results for the first quarter of 2026. Total revenues were $5.4 billion, a slight decrease from $5.5 billion in the prior-year quarter. Net income from continuing operations increased to $129.9 million from $127.7 million in the prior year. Diluted earnings per common share from continuing operations rose to $10.82 from $9.64 in the prior year, benefiting from a $2.87 per share gain on asset dispositions. Adjusted diluted earnings per common share from continuing operations were $8.66, down from $10.17 in the prior year. The company highlighted record quarterly U.K. gross profits of $230.6 million, a 6.3% increase, driven by strong performance in parts and service, and double-digit same-store growth. In the U.S., parts and service gross margin reached a new quarterly high. The company repurchased approximately 1.7% of its outstanding common shares in the quarter. Group 1 also completed acquisitions of three dealerships in the U.K. and disposed of several dealerships in the U.S. and U.K. The company is also expanding its U.K. network with Geely and evaluating representation with two additional Chinese OEMs. Management noted dynamic and challenging macroeconomic conditions, including high interest rates and vehicle prices, and has initiated cost-saving measures.