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 (GPI) has been named to Forbes' World's Top Companies for Women 2026, marking its first appearance on the list. Forbes presents the ranking in partnership with Statista.
The ranking draws on independent, anonymous surveys of approximately 140,000 women in 61 countries, generating more than 800,000 data points. Its components include employer brand, public opinion regarding gender equality, and leadership research. Women hold 40 percent of the seats on Group 1's Board of Directors.
Kerrigan Advisors represented Hennessy Automobile Companies in its completed sale to Group 1 Automotive (NYSE: GPI), which closed October 19, 2026. The transaction is valued at approximately $1.3 billion, including real estate, operating assets and $1 billion in dealership intangible value, described as “blue sky.”
Group 1 acquired 10 Metro Atlanta dealerships representing brands including Lexus, Porsche and Jaguar Land Rover. The acquired dealerships generate $1.7 billion in annualized revenue and retailed over 22,000 vehicles in 2025. The acquisition increases Group 1’s Atlanta footprint from five to 15 dealerships, making Atlanta its second-largest market by revenue behind Houston. Kerrigan served as Hennessy’s sell-side advisor; J.P. Morgan Securities served as Group 1’s exclusive financial advisor.
Group 1 Automotive (NYSE: GPI) reported third-quarter 2026 diluted earnings per share from continuing operations of $8.59, up from $1.02 a year earlier. Revenue fell 6.7% to $5.4 billion. Net income from continuing operations rose to $102.9 million from $13.1 million, while asset impairments declined to $7.0 million from $123.9 million. Adjusted earnings per share, a non-GAAP measure, fell to $9.36 from $10.45.
The company completed its purchase of 10 Hennessy dealerships on October 19, with expected annual revenues of approximately $1.7 billion. Subsequent to the quarter, completed U.S. dealership sales raised approximately $235 million; agreements for four further sales carry expected proceeds of approximately $125 million. Group 1 plans to use disposition proceeds to reduce leverage. Same-store revenue fell 2.8%, although U.S. same-store customer-pay service revenue rose 3.2%.
Group 1 Automotive (GPI) will release its third-quarter 2026 financial results on October 28, 2026, before the market opens. The results cover the quarter ended September 30, 2026. President and CEO Daryl Kenningham and senior management will discuss the results on a conference call at 10:00 a.m. ET that morning. The call will be webcast live, with a webcast replay available for 30 days.
Group 1 Automotive (GPI) has closed a $1.25 billion private offering of senior unsecured notes split between 6.250% notes due 2032 and 6.625% notes due 2035.
The company issued $625.0 million aggregate principal amount of 2032 Notes and $625.0 million of 2035 Notes. Net proceeds, together with cash on hand, are intended to fund the purchase price of the previously announced Hennessy Acquisition and related fees and expenses. Until that closing, Group 1 plans to use the proceeds to repay borrowings under the acquisition line of its revolving credit facility, which it expects to reborrow at closing. If the Hennessy Acquisition is not completed by the applicable Outside Date, or certain other events occur, Group 1 must redeem all 2032 Notes at 100% of initial issue price plus accrued interest.
Group 1 Automotive (GPI) appointed Benjamin Hart to its Board of Directors, effective November 1, 2026, increasing the Board size from ten to eleven members.
Hart is a member of the investment team for the Acacia funds managed by Conifer Management, one of Group 1's largest shareholders. His appointment is connected to a stockholder agreement between Group 1 and Conifer that includes customary standstill, voting, confidentiality and mutual non-disparagement provisions, which will be filed with the SEC on Form 8-K.
Group 1 Automotive (GPI) priced a private offering of $1.25 billion of senior unsecured notes in two tranches to help fund its pending Hennessy dealership acquisition.
The company will issue $625 million of 6.250% senior notes due 2032 and $625 million of 6.625% senior notes due 2035, with closing expected on September 22, 2026, subject to customary conditions. Net proceeds, along with cash on hand, are intended primarily to finance the Hennessy Acquisition and related costs, with interim use to repay borrowings under the acquisition line of its revolving credit facility.
If the Hennessy Acquisition does not close by the defined Special Mandatory Redemption Outside Date or certain other events occur, all 2032 Notes must be redeemed at 100% of initial issue price plus accrued interest.
Group 1 Automotive (GPI) plans a private offering of $1.25 billion of senior unsecured notes, split between 2032 and 2035 maturities, subject to market conditions.
The company intends to issue $625 million of notes due 2032 and $625 million due 2035. Net proceeds, together with cash on hand, are expected to fund the purchase price and fees for the previously announced Hennessy Acquisition, with interim use to repay borrowings under the acquisition line of its revolving credit facility.
If the Hennessy Acquisition is not completed by the contractual outside date or certain other events occur, all 2032 Notes must be redeemed at 100% of their initial issue price plus accrued interest under a special mandatory redemption feature.
Group 1 Automotive (NYSE: GPI) announced that its board of directors has declared a quarterly cash dividend of $0.55 per share. The payout is consistent with the previously disclosed 10% increase in the annualized dividend rate from $2.00 per share in 2025 to $2.20 in 2026, payable on September 15, 2026 to shareholders of record on September 1, 2026.
Group 1 Automotive (NYSE:GPI) appointed David C. (Dave) Kimbell to its Board of Directors, effective August 10, 2026, and named him to the Board’s Audit Committee. His addition increases the Board from nine to ten members.
Kimbell is a veteran retail executive with over 30 years of experience in consumer-focused, omnichannel businesses. He most recently served as CEO of Ulta Beauty, where revenue grew from $6.2 billion in 2020 to $11.3 billion, supported by loyalty program expansion, product assortment, and a unified in-store and digital experience. He previously served as Ulta’s President and Chief Merchandising and Marketing Officer and currently sits on Best Buy’s board. According to Group 1 Automotive, his background in customer loyalty, digital retailing, and data-driven strategy is expected to support the company’s customer-focused and omni-channel efforts.