Welcome to our dedicated page for Group 1 Automotive news (Ticker: GPI), a resource for investors and traders seeking the latest updates and insights on Group 1 Automotive stock.
Group 1 Automotive, Inc. reports news on its automotive retail operations in the United States and the United Kingdom. The company operates a dealership, franchise and collision-center network that sells new and used cars and light trucks, arranges vehicle financing, sells service and insurance contracts, provides maintenance and repair services, and sells vehicle parts through dealerships and an omni-channel platform.
Recurring developments include quarterly and annual operating results, same-store trends in new vehicles, used vehicles, parts and service, and finance and insurance activity. Company updates also cover dealership acquisitions and dispositions, portfolio management, board-approved dividends, share repurchase authorizations, and capital allocation across its U.S. and U.K. store base.
Group 1 Automotive (NYSE:GPI) promoted Bob Andersen to Vice President, Corporate Development & Pre-Owned Operations, expanding his role beyond pre-owned to lead U.S. acquisitions and dispositions.
Andersen will head a multidisciplinary transactions and real estate team, supporting Group 1's acquisition-driven growth strategy and long-term value creation after revenue increased from $5.4B in 2004 to $22.6B.
Group 1 Automotive (NYSE:GPI) announced that Chief People Officer Melkeya McDuffie was named to Mogul's Top 100 People Leaders of 2026.
According to Group 1, McDuffie leads people strategy, employee engagement, leadership development, talent acquisition, and organizational effectiveness across its U.S. and U.K. operations.
Group 1 Automotive (NYSE:GPI) announced the grand opening of the newly renovated Mercedes-Benz of Westwood dealership in Westwood, Massachusetts, on June 4, 2026.
The multi-phase project modernized about 35,320 sq ft and expanded the facility to roughly 67,617 sq ft, and includes a $10,000 donation to the Joe Andruzzi Foundation.
Group 1 Automotive (NYSE:GPI) announced the grand opening of the newly renovated Mercedes-Benz of Westwood dealership on June 4 in Westwood, Massachusetts. The multi-phase project expanded the facility from about 35,320 to 67,617 square feet and added EV infrastructure.
Upgrades include a larger showroom, expanded service drive, AMG Performance Center displays, digital vehicle stages, enhanced customer lounge with self-serve café and workstations, new vehicle delivery areas, and improved restrooms. During the event, the dealership will present a $10,000 donation to the Joe Andruzzi Foundation supporting New England cancer patients.
Group 1 Automotive (NYSE:GPI) appointed Daniel McHenry as President and CEO of its UK business, effective May 19, 2026, subject to regulatory approval. McHenry will retain his CFO role and report to President and CEO Daryl Kenningham.
McHenry previously spent 13 years in Group 1's UK operations and served as UK Finance Director before becoming CFO in 2020. He succeeds Mark Raban, who is leaving after two years leading the UK business.
Group 1 Automotive (NYSE:GPI) declared a quarterly dividend of $0.55 per share, consistent with its previously announced 10% increase in the annualized dividend rate from $2.00 in 2025 to $2.20 per share in 2026.
The dividend is payable on June 15, 2026 to shareholders of record on June 1, 2026.
Group 1 Automotive (NYSE: GPI) sold Mercedes-Benz of Beverly Hills to Fletcher Jones Automotive Group; the transaction closed March 30, 2026. The Presidio Group served as exclusive advisor to Group 1, marking Presidio's 23rd Mercedes-Benz transaction and its fourth Mercedes-Benz deal in 2026.
Group 1 said the sale lets it refocus on core markets; Fletcher Jones said the acquisition expands its Southern California luxury footprint. Legal counsel and advisory firms for both sides are named.
Group 1 Automotive (NYSE:GPI) reported 1Q26 results: total revenue $5.4B (down 1.8% YoY) and net income from continuing operations $129.9M (vs $127.7M). Diluted EPS $10.82; adjusted diluted EPS $8.66. Record U.K. gross profit of $230.6M (+6.3%). Repurchased ~1.7% of shares for $72.4M. Acquired three U.K. VW/Skoda dealerships (~$135M expected annual revenues); disposed of dealerships representing ~$570M annual revenues.
Group 1 Automotive (NYSE: GPI) will release first-quarter 2026 financial results for the period ended March 31, 2026 on Thursday, April 30, 2026 before market open. A conference call with CEO Daryl Kenningham and senior management will follow at 10:00 a.m. ET.
The call will be simulcast at group1corp.com/events, with a webcast replay available for 30 days and a presentation posted at group1corp.com/company-presentations. Dial-in and replay details provided.
The Presidio Group announced Jamie Albertine as managing director on March 2, 2026, to lead dealer mergers & acquisitions and corporate development work.
Albertine brings 20+ years of auto retail and financial services experience, led 25 transactions involving 40+ dealerships at Group 1 Automotive (NYSE: GPI), and managed a multibillion-dollar real estate portfolio.