Group 1 Automotive Reports Third Quarter 2026 Financial Results

Lower asset impairments accompanied higher reported earnings, while adjusted earnings and vehicle sales volumes declined.

Rhea-AI Summary

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%.

26 points · 0 major

MixediHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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0 major · 21 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointQ3 continuing-operations diluted earnings per share rose to $8.59 from $1.02 a year earlier.
• Moderate pointHennessy acquisition completed October 19, 2026, adding 10 dealerships with approximately $1.7 billion in expected annual revenues.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Post-quarter U.S. dealership dispositions generated approximately $235 million; Group 1 plans to reduce leverage with disposition proceeds. 7.8% of market cap
• Moderate point. Forward-looking: it has not happened yet and may not happen.Four agreed U.S. dealership sales carry expected proceeds of approximately $125 million. 4.1% of market cap
• Moderate pointQ3 selling, general and administrative expenses fell 5.6% year over year to $618.2 million.
• Moderate pointQ3 used-vehicle retail gross profit per unit rose 4.5% to $1,497; same-store results rose 5.0% to $1,506.
• Moderate pointQ3 U.S. customer-pay service revenue increased 0.6% to $305.5 million; same-store revenue increased 3.2% to $297.4 million.

19 minor points

• Minor pointQ3 continuing-operations net income increased to $102.9 million from $13.1 million a year earlier.
• Minor pointYear-to-date U.S. acquisitions totaled 14 dealership operations, including Hennessy, with approximately $2 billion in expected annual revenues.
• Minor pointYear-to-date U.K. acquisitions added three dealership operations with approximately $135 million in expected annual revenues.
• Minor pointQ3 operating income rose 86.1% year over year to $200.7 million.
• Minor pointQ3 asset impairments decreased to $7.0 million from $123.9 million a year earlier.
• Minor pointQ3 restructuring charges declined to $0.1 million from $1.6 million a year earlier.
• Minor pointQ3 vehicle-inventory financing interest expense fell 11.2% year over year to $21.0 million.
• Minor pointQ3 same-store parts and service gross profit increased 0.1% year over year to $383.1 million.
• Minor pointQ3 U.S. same-store customer-pay repair orders increased 4% year over year.
• Minor pointQ3 U.S. selling, general and administrative expenses decreased 6.0% year over year to $452.1 million.
• Minor pointQ3 U.S. adjusted selling, general and administrative expenses decreased 5.4% to $445.2 million year over year.
• Minor pointQ3 U.S. same-store used-vehicle gross profit per unit increased 1.6% year over year to $1,544.
• Minor pointQ3 U.K. new-vehicle retail units increased 1.9% to 15,984; same-store units increased 8.1% to 15,467.
• Minor pointQ3 U.K. used-vehicle retail gross profit per unit increased 15.7% to $1,437; same-store results increased 13.9% to $1,428.
• Minor pointQ3 U.K. same-store parts and service revenue increased 6.4% year over year to $159.7 million.
• Minor pointJLR agreement preserves Group 1's five remaining U.K. dealerships previously designated for franchise termination.
• Minor pointNine-month continuing-operations net income increased 19.6% year over year to $335.7 million.
• Minor pointNine-month continuing-operations diluted earnings per share increased 30.3% year over year to $28.03.
• Minor pointNine-month operating income increased 8.7% year over year to $646.3 million.

Negative

• Moderate pointQ3 revenue declined 6.7% year over year to $5.4 billion; same-store revenue declined 2.8% to $5.3 billion.
• Moderate pointQ3 adjusted continuing-operations diluted earnings per share fell to $9.36 from $10.45 a year earlier.
• Moderate pointQ3 gross profit declined 7.1% to $854.8 million; same-store gross profit declined 4.1% to $837.6 million.
• Moderate pointQ3 new-vehicle units declined 3.5% to 55,259; same-store units declined 1.2% to 53,933.
• Moderate pointQ3 used-vehicle retail units declined 10.5% to 53,343; same-store units declined 8.5% to 52,272.
• Moderate pointQ3 parts and service gross profit declined 3.8% year over year to $392.0 million.
• Moderate pointQ3 finance and insurance revenue fell 10.4% to $215.8 million; same-store revenue fell 8.9% to $211.4 million.
• Moderate pointQ3 selling, general and administrative expenses reached 72.3% of gross profit, up 112 basis points year over year.
• Moderate pointFour U.S. dealership dispositions with expected proceeds of approximately $125 million remain under agreement, not completed. 4.1% of market cap

12 minor points

• Minor pointQ3 adjusted continuing-operations net income fell to $112.1 million from $135.1 million a year earlier.
• Minor pointQ3 new-vehicle gross profit per retail unit fell 5.4% to $3,074; same-store results fell 4.4% to $3,088.
• Minor pointQ3 finance and insurance gross profit per retail unit fell 3.6% to $1,987; same-store results fell 4.1% to $1,991.
• Minor pointQ3 same-store selling, general and administrative expenses reached 72.1% of gross profit, up 194 basis points year over year.
• Minor pointQ3 adjusted selling, general and administrative expenses reached 71.4% of gross profit, up 129 basis points year over year.
• Minor pointQ3 same-store adjusted selling, general and administrative expenses reached 71.1% of gross profit, up 210 basis points year over year.
• Minor pointQ3 U.S. used-vehicle gross profit per unit declined 0.2% year over year to $1,527.
• Minor pointQ3 U.K. parts and service revenue declined 2.4% year over year to $162.3 million.
• Minor pointNine-month revenue declined 4.7% year over year to $16,188.8 million.
• Minor pointNine-month gross profit declined 5.6% year over year to $2,593.2 million.
• Minor pointNine-month other interest expense, net increased 10.1% year over year to $143.6 million.
• Minor pointNine-month depreciation and amortization expense increased 4.1% year over year to $93.3 million.

News Explained

No shares were repurchased in the third quarter; the remaining buyback authorization is capacity, not a committed purchase.

Group 1 reported third-quarter results and said it agreed with JLR to revoke its earlier termination election, so it will retain and operate five U.K. dealerships previously slated for termination effective August 2027.

It made no common-stock repurchases during the third quarter, after repurchasing 205,190 shares year to date; as of September 30, 2026, $306.3 million remained under its board-authorized program. That amount is authorized capacity, not a committed purchase: future repurchases are described as possible and subject to board approval and covenant restrictions.

Key Figures

Total revenue: $5.4B; down 6.7% Net income from continuing operations: $102.9M versus $13.1M Adjusted net income from continuing operations: $112.1M versus $135.1M +4 more

Total revenue

$5.4B; down 6.7%

3Q26 versus 3Q25

Net income from continuing operations

$102.9M versus $13.1M

3Q26 versus 3Q25

Adjusted net income from continuing operations

$112.1M versus $135.1M

3Q26 versus 3Q25; non-GAAP

Diluted EPS from continuing operations

$8.59 versus $1.02

3Q26 versus 3Q25

Adjusted diluted EPS from continuing operations

$9.36 versus $10.45

3Q26 versus 3Q25; non-GAAP

Total gross profit

$854.8M; down 7.1%

3Q26 year over year

U.S. same-store customer-pay revenue

$297.4M; up 3.2%

3Q26 versus $288.2M in 3Q25

Previous Earnings Reports

1 past event · Latest: Jul 30

Same Type 1 event

1. Jul 30

   2Q26 earnings

   24h Move

   -17.1%

   Revenue and diluted continuing-operations EPS were lower year over year; the recorded price reaction was negative.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

non-gaap, sg&a, rule 10b5-1

3 terms

non-gaap financial

"adjusted diluted earnings per common share from continuing operations (a non-GAAP measure)"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

sg&a financial

"Selling, General and Administrative ("SG&A") expenses as a % of GP"

SG&A stands for Selling, General, and Administrative expenses. It includes the costs a company spends on selling products, running the business day-to-day, and managing staff, like advertising, rent, and salaries. These expenses matter because they affect how much profit a company can make from its sales.

rule 10b5-1 regulatory

"pursuant to Rule 10b5-1 trading plans"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

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• 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").

"We're pleased to have closed the Hennessy acquisition and grateful to the Hennessy family for 62 years of excellent stewardship," said Daryl Kenningham, Group 1's President and Chief Executive Officer. "This acquisition aligns with our strategy to focus on high-revenue, premium brand stores in growing markets where we have a strong local presence. We have been deliberately reshaping our portfolio into larger, more profitable stores and seeing good progress selling stores that don't fit our strategy. Proceeds from these sales will support our commitment to reduce our leverage.

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."

Reconciliations for financial results, non-GAAP metrics and diluted earnings per common share between continuing and discontinued operations are included in the accompanying financial tables.

Current Quarter Results Overview

• Current quarter total revenues were $5.4 billion, compared to $5.8 billion for the third quarter of 2025 ("prior-year quarter").
• Current quarter net income from continuing operations was $102.9 million, compared to $13.1 million for the prior-year quarter.
• Current quarter adjusted net income from continuing operations (a non-GAAP measure) was $112.1 million, compared to $135.1 million for the prior-year quarter.
• Current quarter diluted earnings per common share from continuing operations was $8.59, compared to $1.02 for the prior-year quarter.
• Current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) was $9.36, compared to $10.45 for the prior-year quarter.

Third Quarter 2026 Key Performance Metrics (year-over-year comparable period basis)	Consolidated		Same Store (a non-GAAP measure)
Reported:	3Q26	Change	3Q26	Change
Total revenues	$5.4B	(6.7) %	$5.3B	(2.8) %
Total gross profit ("GP")	$854.8M	(7.1) %	$837.6M	(4.1) %
NV units sold	55,259	(3.5) %	53,933	(1.2) %
NV GP per retail unit ("PRU")	$3,074	(5.4) %	$3,088	(4.4) %
Used vehicle ("UV") retail units sold	53,343	(10.5) %	52,272	(8.5) %
UV retail GP PRU	$1,497	+4.5 %	$1,506	+5.0 %
Parts & service ("P&S") GP	$392.0M	(3.8) %	$383.1M	+0.1 %
P&S Gross Margin ("GM")	55.9 %	+0.4 %	55.8 %	(1.0) %
Finance and Insurance ("F&I") revenues	$215.8M	(10.4) %	$211.4M	(8.9) %
F&I GP PRU	$1,987	(3.6) %	$1,991	(4.1) %
Selling, General and Administrative ("SG&A") expenses as a % of GP	72.3 %	+112 bps	72.1 %	+194 bps
Adjusted SG&A expenses (a non-GAAP measure) as a % of GP	71.4 %	+129 bps	71.1 %	+210 bps

U.S. Operations Update

• U.S. parts and service customer pay revenues for the current quarter were $305.5 million, a 0.6% increase, compared to $303.5 million for the prior-year quarter. On a same store basis, U.S. parts and service customer pay revenues for the current quarter were $297.4 million, a 3.2% increase, compared to $288.2 million for the prior-year quarter.
• U.S. SG&A expenses for the current quarter were $452.1 million, a 6.0% decrease, compared to $481.2 million for the prior-year quarter. U.S. adjusted SG&A expenses for the current quarter were $445.2 million, a 5.4% decrease, compared to $470.7 million for the prior-year quarter.
• U.S. used vehicle GP PRU for the current quarter was $1,527, a 0.2% decrease, compared to $1,529 for the prior-year quarter. On a same store basis, U.S. used vehicle GP PRU for the current quarter was $1,544, a 1.6% increase, compared to $1,520 for the prior-year quarter.

U.K. Operations Update

• U.K. new vehicle retail units sold for the current quarter were 15,984, a 1.9% increase, compared to 15,687 for the prior-year quarter. On a same store basis, U.K. new vehicle retail units sold for the current quarter were 15,467, an 8.1% increase, compared to 14,308 for the prior-year quarter.
• U.K. used vehicle retail GP PRU for the current quarter was $1,437, a 15.7% increase, compared to $1,242 for the prior-year quarter. On a same store basis, U.K. used vehicle retail GP PRU for the current quarter was $1,428, a 13.9% increase, compared to $1,254 for the prior-year quarter.
• U.K. parts and service revenues for the current quarter were $162.3 million, a 2.4% decrease, compared to $166.3 million for the prior-year quarter. On a same store basis, U.K. parts and service revenues for the current quarter were $159.7 million, a 6.4% increase, compared to $150.2 million for the prior-year quarter.

U.S. Corporate Development

• On July 30, 2026, the Company entered into a Purchase and Sale Agreement (the "Purchase Agreement") to acquire substantially all of the assets, including real estate, of Hennessy Automobile Companies, Inc., headquartered in Atlanta, Georgia (the "Hennessy Acquisition"). On October 19th, 2026, the Company completed the Hennessy Acquisition, with total expected annual revenues of approximately $1.7 billion.
• Year to date, the Company has acquired 14 dealership operations, inclusive of the Hennessy Acquisition, in the U.S. with total expected annual revenues of approximately $2 billion. The Company remains focused on efficiently and effectively integrating acquisitions into existing operations to create value for shareholders.
• The Company also completed the disposition of two U.S. dealerships in July 2026 that were acquired during the second quarter with the intention of reselling. Year-to-date total annualized revenues associated with dealership dispositions for the Company in the U.S. were approximately $505 million.
• Subsequent to the current quarter, consistent with our disposition strategy, the Company completed the dispositions of a Lexus, Acura and Honda dealership in the U.S., which generated approximately $305 million in annualized revenues, for proceeds of approximately $235 million. Additionally, the Company has executed agreements to dispose of four dealerships in the U.S., which generated approximately $235 million of annualized revenues, for expected proceeds of approximately $125 million.

U.K. Corporate Development

• During the current quarter, the Company disposed of a Volkswagen and an Audi dealership in the U.K. These dealerships generated approximately $100 million in annualized revenues, bringing year-to-date total annualized revenues associated with dealership dispositions for the Company in the U.K. to approximately $495 million.
• The Company reached an agreement with Jaguar Land Rover ("JLR") in the U.K. to revoke its previous election to terminate 10 JLR franchise agreements, which would have been effective as of August 2027. As a result, the Company will retain and operate the five remaining JLR dealerships in the U.K. it had previously elected to terminate.
• The Company expanded its U.K. network through an agreement with Geely, opening two of three planned locations to date, with the third expected by December 2026. Subsequent to the current quarter, the Company agreed with Chinese automaker Chery to open an Omoda & Jaecoo location in the U.K., also expected by December 2026.
• Year to date, the Company has acquired and integrated three dealership operations in the U.K. with total expected annual revenues of approximately $135 million.

Share Repurchases

The Company did not repurchase any shares of its common stock during the current quarter. During the current year, the Company repurchased 205,190 shares of common stock, representing approximately 1.7% of shares outstanding as of January 1, 2026, at an average price of $353.08 per share, for a total cost of $72.4 million, excluding excise taxes of $0.5 million.

As of September 30, 2026, the Company had 11,947,272 shares of common stock and unvested restricted stock awards outstanding in the aggregate, and $306.3 million remaining under its Board authorized share repurchase program.

Future repurchases may be made from time to time, based on market conditions, legal requirements and other corporate considerations in the open market, pursuant to Rule 10b5-1 trading plans or in privately negotiated transactions, and subject to Board approval and covenant restrictions.

Third Quarter Earnings Conference Call Details

Daryl Kenningham, Group 1's President and Chief Executive Officer, and several of the Company's senior management team will host a conference call today at 10:00 a.m. ET to discuss the third quarter 2026 financial results. The conference call will be simulcast live on the Internet at http://www.group1corp.com/events. A webcast replay will be available for 30 days. A copy of the Company's presentation will also be made available at http://www.group1corp.com/company-presentations. 

The conference call will also be available live by dialing in 10 minutes prior to the start of the call at:

Domestic:	1-888-317-6003
International:	1-412-317-6061
Passcode:	0212869

A telephonic replay will be available following the call through November 4, 2026, by dialing:

Domestic:	1-855-669-9658
International:	1-412-317-0088
Replay Code:	7156798

ABOUT GROUP 1 AUTOMOTIVE, INC.

Group 1 owns and operates 256 automotive dealerships, 319 franchises, and 33 collision centers in the United States and the United Kingdom that offer 38 brands of automobiles. Through its dealerships and omni-channel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts.

Group 1 discloses additional information about the Company, its business, and its results of operations at www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, and www.facebook.com/group1auto. 

FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are statements related to future, not past, events and are based on our current expectations, assumptions and beliefs as of the date of this press release regarding our business, the economy and other future conditions. In this context, the forward-looking statements often include statements regarding our strategic investments, goals, plans, projections and guidance regarding our financial position, results of operations and business strategy, including the financial and other benefits of anticipated or recently completed acquisitions or dispositions, including the Hennessy Acquisition, the timing thereof and our ability to achieve the intended operational, financial and strategic benefits therefrom, the expected proceeds and timing of pending dispositions, our leverage objectives, anticipated cost savings, the opening of new franchise locations and future share repurchases. These forward-looking statements often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should," "foresee," "may" or "will" and similar expressions. While management believes that these forward-looking statements are reasonable, there can be no assurance that future developments affecting us will be those that we anticipate. Any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions in the U.S. and the U.K., including inflation, interest rates (including the effects of recent and any future increases in benchmark interest rates on vehicle financing costs and our floorplan and other borrowing costs), foreign exchange rates, vehicle affordability and consumer demand, and the risk of recession in either market, (b) developments in U.S. and global trade policy, including tariffs on imported automobiles and on parts and materials, retaliatory tariffs, supply chain disruptions, vehicle and part cost increases and demand decreases, and litigation and refund claims related to invalidated tariffs and the timing, availability and amount of any refunds, (c) changes to U.S. federal tax laws, including deductions affecting the domestic auto industry and the availability of clean energy tax credits for electric vehicle production and sales, (d) the level of manufacturer incentives and other dealer financial assistance, (e) our ability to comply with extensive laws, regulations and policies applicable to our operations, including battery electric vehicle mandates and vehicle emissions standards in the U.K. and changes to U.S. vehicle emissions regulation, and their impact on new vehicle demand, (f) our ability to obtain an inventory of desirable new and used vehicles and parts and materials for our service operations, (g) our relationship with our automobile manufacturers and the willingness of manufacturers to approve future acquisitions, dispositions and franchise transfers, (h) our cost of financing and the availability of credit for consumers, (i) our ability to complete pending and future acquisitions and dispositions on anticipated terms, on a timely basis, if at all, including the receipt of required manufacturer approvals and the satisfaction of other closing conditions, and the risks associated therewith, (j) our ability to successfully integrate recent and future acquisitions, including the Hennessy Acquisition, and realize their anticipated operational, financial and strategic benefits, and the risks associated with our increased concentration in the Atlanta market, (k) our ability to achieve anticipated savings from cost reduction and restructuring initiatives, (l) our indebtedness, including the senior notes issued to finance the Hennessy Acquisition, increased interest expense, our ability to comply with the covenants in our debt agreements and our ability to reduce our leverage, (m) potential impairment of goodwill and intangible franchise rights, including as a result of a sustained decline in our share price or market capitalization, adverse changes in macroeconomic or industry conditions, and increases in discount rates or declines in projected cash flows, (n) the Stockholder Agreement with Conifer Management, L.L.C. and the actions of our significant stockholders, including the effect of their ownership levels on our share repurchases, and the change-of-control provisions in certain of our manufacturer agreements, (o) increased competition, including from emerging automotive manufacturers such as Chinese brands, (p) currency fluctuations, (q) the armed conflicts in Ukraine and the Middle East, including that between the U.S. and Iran, and related disruptions to energy markets and shipping routes, (r) our ability to maintain sufficient liquidity to operate, and (s) cyberattacks or other privacy or data security incidents, including those affecting our vendors' information technology systems.

For additional information regarding known material factors that could cause our actual results to differ from those expressed or implied in our forward-looking statements, please see Item 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2025, and our subsequent filings with the Securities and Exchange Commission, including our Quarterly Reports on Form 10-Q (including our Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, when filed) and our Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We expressly disclaim any duty to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

NON-GAAP FINANCIAL MEASURES, SAME STORE DATA, AND OTHER DATA

In addition to evaluating the financial condition and results of our operations in accordance with U.S. GAAP, from time to time our management evaluates and analyzes results and any impact on the Company of strategic decisions and actions relating to, among other things, cost reduction, growth, profitability improvement initiatives, and other events outside of normal, or "core," business and operations, by considering alternative financial measures not prepared in accordance with U.S. GAAP. In our evaluation of results from time to time, we exclude items that do not arise directly from core operations, such as non-cash asset impairment charges, accelerated depreciation, out-of-period adjustments, legal matters, severance and restructuring charges, acquisition costs, non-cash gains and losses on interest rate swaps, gains and losses on dealership franchise or real estate transactions, and catastrophic events, such as hailstorms, hurricanes and snow storms. Because these non-core charges and gains materially affect the Company's financial condition or results in the specific period in which they are recognized, management also evaluates, and makes resource allocation and performance evaluation decisions based on, the related non-GAAP measures excluding such items. This includes evaluating measures such as adjusted selling, general and administrative expenses, adjusted net income, adjusted diluted earnings per share, adjusted operating margin, adjusted pretax margin, adjusted finance and insurance gross profit per retail unit and constant currency. These adjusted measures are not measures of financial performance under U.S. GAAP, but are instead considered non-GAAP financial performance measures. Non-GAAP measures do not have definitions under U.S. GAAP and may be defined differently by, and not be comparable to similarly titled measures used by, other companies. As a result, any non-GAAP financial measures considered and evaluated by management are reviewed in conjunction with a review of the most directly comparable measures calculated in accordance with U.S. GAAP. We caution investors not to place undue reliance on such non-GAAP measures, but also to consider them with the most directly comparable U.S. GAAP measures.

In addition to using such non-GAAP measures to evaluate results in a specific period, management believes that such measures may provide more complete and consistent comparisons of operational performance on a period-over-period historical basis and a better indication of expected future trends. Our management also uses these adjusted measures in conjunction with U.S. GAAP financial measures to assess our business, including communication with our Board of Directors, investors, and industry analysts concerning financial performance. We disclose these non-GAAP measures, and the related reconciliations, because we believe investors use these metrics in evaluating longer-term period-over-period performance, and to allow investors to better understand and evaluate the information used by management to assess operating performance. The exclusion of certain expenses in the calculation of non-GAAP financial measures should not be construed as an inference that these costs are unusual or infrequent. We anticipate excluding these expenses in the future presentation of our non-GAAP financial measures.

In addition, we evaluate our results of operations on both an as reported and a constant currency basis. The constant currency presentation, which is a non-GAAP measure, excludes the impact of fluctuations in foreign currency exchange rates. We believe providing constant currency information provides valuable supplemental information regarding our underlying business and results of operations, consistent with how we evaluate our performance. We calculate constant currency percentages by converting our current period reported results for entities reporting in currencies other than U.S. dollars using comparative period exchange rates rather than the actual exchange rates in effect during the respective periods. The constant currency performance measures should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with U.S. GAAP. The Same Store amounts presented include the results of dealerships for the identical months in each period presented in comparison, commencing with the first full month in which the dealership was owned by us and, in the case of dispositions, ending with the last full month it was owned by us. Same Store results also include the activities of our corporate headquarters.

Certain amounts in the financial statements may not compute due to rounding. All computations have been calculated using unrounded amounts for all periods presented.

Investor contacts:

David Helderman
Senior Manager, Investor Relations
Group 1 Automotive, Inc.
ir@group1auto.com 

Media contacts:

Pete DeLongchamps
Senior Vice President, Manufacturer Relations, Financial Services and Corporate Development
Group 1 Automotive, Inc.
pdelongchamps@group1auto.com 

Kimberly Barta
Head of Advertising, Brand and Communications
Group 1 Automotive, Inc.
kbarta@group1auto.com 

or

Jude Gorman / Clayton Erwin
Collected Strategies
Group1-CS@collectedstrategies.com 

Group 1 Automotive, Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
(In millions, except per share data)
		Three Months Ended September 30,
		2026		2025		Increase/ (Decrease)		% Change
REVENUES:
New vehicle retail sales		$   2,665.1		$  2,807.4		$    (142.2)		(5.1) %
Used vehicle retail sales		1,691.1		1,852.1		(161.1)		(8.7) %
Used vehicle wholesale sales		124.0		148.4		(24.4)		(16.5) %
Parts and service sales		700.7		733.9		(33.3)		(4.5) %
Finance, insurance and other, net		215.8		240.9		(25.0)		(10.4) %
Total revenues		5,396.7		5,782.7		(386.0)		(6.7) %
COST OF SALES:
New vehicle retail sales		2,495.3		2,621.3		(126.0)		(4.8) %
Used vehicle retail sales		1,611.2		1,766.8		(155.6)		(8.8) %
Used vehicle wholesale sales		126.7		148.7		(21.9)		(14.8) %
Parts and service sales		308.7		326.3		(17.6)		(5.4) %
Total cost of sales		4,541.9		4,863.0		(321.1)		(6.6) %
GROSS PROFIT		854.8		919.7		(64.9)		(7.1) %
Selling, general and administrative expenses		618.2		654.9		(36.7)		(5.6) %
Depreciation and amortization expense		31.2		31.6		(0.4)		(1.1) %
Asset impairments		7.0		123.9		(116.9)		(94.4) %
Restructuring charges		0.1		1.6		(1.5)		(96.7) %
Other operating income		(2.3)		—		(2.3)		(100.0) %
INCOME FROM OPERATIONS		200.7		107.8		92.8		86.1 %
Floorplan interest expense		21.0		23.7		(2.7)		(11.2) %
Other interest expense, net		48.1		48.0		0.2		0.3 %
INCOME BEFORE INCOME TAXES		131.5		36.2		95.3		263.4 %
Provision for income taxes		28.7		23.0		5.6		24.4 %
Net income from continuing operations		102.9		13.1		89.7		682.8 %
Net income (loss) from discontinued operations		—		(0.2)		0.2		108.3 %
NET INCOME		$      102.9		$       13.0		$       89.9		693.7 %
Less: Earnings allocated to participating securities		0.9		0.1		0.8		547.2 %
Net income available to diluted common shares		$      102.0		$       12.8		$       89.2		695.3 %
Diluted earnings per share from continuing operations		$        8.59		$       1.02		$       7.57		745.1 %
Diluted earnings (loss) per share from discontinued operations		$           —		$      (0.01)		$       0.02		109.0 %
DILUTED EARNINGS PER SHARE		$        8.59		$       1.00		$       7.59		756.9 %
Weighted average dilutive common shares outstanding		11.9		12.8		(0.9)		(7.2) %
Weighted average participating securities		0.1		0.1		—		(25.1) %
Total weighted average shares		12.0		12.9		(1.0)		(7.4) %
Effective tax rate on continuing operations		21.8 %		63.7 %		(41.9) %

 

Group 1 Automotive, Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
(In millions, except per share data)
		Nine Months Ended September 30,
		2026		2025		Increase/ (Decrease)		% Change
REVENUES:
New vehicle retail sales		$   7,833.6		$   8,222.8		$    (389.2)		(4.7) %
Used vehicle retail sales		5,184.3		5,455.7		(271.5)		(5.0) %
Used vehicle wholesale sales		424.9		463.8		(38.8)		(8.4) %
Parts and service sales		2,097.5		2,144.4		(46.9)		(2.2) %
Finance, insurance and other, net		648.5		704.8		(56.3)		(8.0) %
Total revenues		16,188.8		16,991.5		(802.7)		(4.7) %
COST OF SALES:
New vehicle retail sales		7,317.5		7,648.7		(331.2)		(4.3) %
Used vehicle retail sales		4,934.8		5,180.4		(245.7)		(4.7) %
Used vehicle wholesale sales		426.9		462.0		(35.1)		(7.6) %
Parts and service sales		916.5		953.0		(36.5)		(3.8) %
Total cost of sales		13,595.6		14,244.1		(648.5)		(4.6) %
GROSS PROFIT		2,593.2		2,747.4		(154.2)		(5.6) %
Selling, general and administrative expenses		1,842.2		1,918.2		(76.0)		(4.0) %
Depreciation and amortization expense		93.3		89.6		3.7		4.1 %
Asset impairments		10.5		124.6		(114.1)		(91.6) %
Restructuring charges		3.2		20.3		(17.1)		(84.3) %
Other operating income		(2.3)		—		(2.3)		(100.0) %
INCOME FROM OPERATIONS		646.3		594.7		51.6		8.7 %
Floorplan interest expense		66.3		77.0		(10.7)		(13.9) %
Other interest expense, net		143.6		130.4		13.2		10.1 %
Other income		—		(0.2)		0.2		(99.8) %
INCOME BEFORE INCOME TAXES		436.4		387.5		48.8		12.6 %
Provision for income taxes		100.7		106.8		(6.2)		(5.8) %
Net income from continuing operations		335.7		280.7		55.0		19.6 %
Net income from discontinued operations		0.7		0.9		(0.2)		(20.8) %
NET INCOME		$      336.4		$      281.6		$       54.8		19.5 %
Less: Earnings allocated to participating securities		3.2		3.2		(0.1)		(1.8) %
Net income available to diluted common shares		$      333.2		$      278.4		$       54.9		19.7 %
Diluted earnings per share from continuing operations		$      28.03		$      21.50		$       6.53		30.3 %
Diluted earnings per share from discontinued operations		$        0.06		$        0.07		$      (0.01)		(13.6) %
DILUTED EARNINGS PER SHARE		$      28.09		$      21.57		$       6.52		30.2 %
Weighted average dilutive common shares outstanding		11.9		12.9		(1.0)		(8.1) %
Weighted average participating securities		0.1		0.1		—		(24.7) %
Total weighted average shares		12.0		13.1		(1.1)		(8.3) %
Effective tax rate on continuing operations		23.1 %		27.6 %		(4.5) %

 

Group 1 Automotive, Inc.
Additional Information — Consolidated
(Unaudited)
		September 30, 2026		December 31, 2025		Increase/ (Decrease)		% Change
SELECTED BALANCE SHEET INFORMATION:
(In millions)
Cash and cash equivalents		$              881.5		$                32.5		$            849.0		2,613.5 %
Inventories, net		$           2,573.5		$           2,741.3		$           (167.8)		(6.1) %
Floorplan notes payable, net (1)		$           2,123.8		$           1,915.8		$            208.0		10.9 %
Total debt		$           3,886.2		$           3,699.5		$            186.7		5.0 %
Total equity		$           3,065.4		$           2,789.1		$            276.3		9.9 %

(1) Amounts are net of offset accounts of $153.0 and $504.2, respectively.

 

		Three Months Ended September 30,				Nine Months Ended September 30,
		2026		2025		2026		2025
NEW VEHICLE UNIT SALES GEOGRAPHIC MIX:
United States		71.1 %		72.6 %		69.9 %		71.2 %
United Kingdom		28.9 %		27.4 %		30.1 %		28.8 %
NEW VEHICLE UNIT SALES BRAND MIX:
Toyota/Lexus		27.9 %		26.8 %		26.9 %		25.5 %
Volkswagen/Audi/Porsche/SEAT/SKODA		15.3 %		14.1 %		15.2 %		15.2 %
BMW/MINI		12.3 %		12.4 %		12.9 %		12.1 %
Honda/Acura		8.6 %		8.1 %		8.6 %		8.3 %
Mercedes-Benz/Sprinter/smart		7.6 %		9.1 %		8.1 %		8.7 %
Chevrolet/GMC/Buick		7.1 %		8.2 %		7.2 %		8.2 %
Ford/Lincoln		7.2 %		7.2 %		7.0 %		6.9 %
Hyundai/Kia/Genesis		6.4 %		5.7 %		5.9 %		5.5 %
Jaguar/Land Rover		1.7 %		2.2 %		2.3 %		2.4 %
Nissan		2.0 %		1.8 %		1.9 %		1.9 %
Subaru		1.7 %		1.8 %		1.7 %		2.3 %
Chrysler/Dodge/Jeep/RAM/Citroën/Leapmotor		1.2 %		1.5 %		1.2 %		1.6 %
Mazda		1.1 %		1.1 %		1.0 %		1.1 %
Other		0.2 %		0.1 %		0.1 %		0.1 %
		100.0 %		100.0 %		100.0 %		100.0 %

 

		September 30, 2026		December 31, 2025		September 30, 2025
DAYS' SUPPLY IN INVENTORY (1):
Consolidated
New vehicle inventory		39		46		40
Used vehicle inventory		38		36		36
U.S.
New vehicle inventory		51		44		52
Used vehicle inventory		33		29		31
U.K.
New vehicle inventory		21		52		20
Used vehicle inventory		48		55		46

(1) Days' supply in inventory is calculated based on inventory unit levels and 30-day total unit sales volumes, both at the end of each reporting period.

 

Group 1 Automotive, Inc.
Reported Operating Data — Consolidated
(Unaudited)
(In millions, except unit data)
	Three Months Ended September 30,
	2026		2025		Increase/ (Decrease)		% Change			Currency Impact on Current Period Results		Constant Currency % Change
Revenues:
New vehicle retail sales	$  2,665.1		$  2,807.4		$   (142.2)		(5.1) %			$      (2.7)		(5.0) %
Used vehicle retail sales	1,691.1		1,852.1		(161.1)		(8.7) %			(1.7)		(8.6) %
Used vehicle wholesale sales	124.0		148.4		(24.4)		(16.5) %			(0.1)		(16.4) %
Total used	1,815.0		2,000.5		(185.5)		(9.3) %			(1.9)		(9.2) %
Parts and service sales	700.7		733.9		(33.3)		(4.5) %			(0.5)		(4.5) %
F&I, net	215.8		240.9		(25.0)		(10.4) %			(0.1)		(10.3) %
Total revenues	$  5,396.7		$  5,782.7		$   (386.0)		(6.7) %			$      (5.3)		(6.6) %
Gross profit:
New vehicle retail sales	$     169.9		$     186.1		$     (16.2)		(8.7) %			$      (0.2)		(8.6) %
Used vehicle retail sales	79.9		85.4		(5.5)		(6.5) %			(0.1)		(6.4) %
Used vehicle wholesale sales	(2.7)		(0.2)		(2.5)		NM			—		NM
Total used	77.1		85.1		(8.0)		(9.4) %			(0.1)		(9.3) %
Parts and service sales	392.0		407.6		(15.7)		(3.8) %			(0.3)		(3.8) %
F&I, net	215.8		240.9		(25.0)		(10.4) %			(0.1)		(10.3) %
Total gross profit	$     854.8		$     919.7		$     (64.9)		(7.1) %			$      (0.7)		(7.0) %
Gross margin:
New vehicle retail sales	6.4 %		6.6 %		(0.3) %
Used vehicle retail sales	4.7 %		4.6 %		0.1 %
Used vehicle wholesale sales	(2.2) %		(0.2) %		(2.0) %
Total used	4.2 %		4.3 %		— %
Parts and service sales	55.9 %		55.5 %		0.4 %
Total gross margin	15.8 %		15.9 %		(0.1) %
Units sold:
Retail new vehicles sold (1)	55,259		57,269		(2,010)		(3.5) %
Retail used vehicles sold (1)	53,343		59,574		(6,231)		(10.5) %
Wholesale used vehicles sold	14,301		16,018		(1,717)		(10.7) %
Total used	67,644		75,592		(7,948)		(10.5) %
Average sales price per unit sold:
New vehicle retail (1)	$   51,123		$   50,816		$       307		0.6 %			$       (51)		0.7 %
Used vehicle retail (1)	$   31,744		$   31,112		$       633		2.0 %			$       (27)		2.1 %
Gross profit per unit sold:
New vehicle retail sales	$     3,074		$     3,250		$      (176)		(5.4) %			$         (4)		(5.3) %
Used vehicle retail sales	$     1,497		$     1,433		$         64		4.5 %			$         (1)		4.6 %
Used vehicle wholesale sales	$       (191)		$         (15)		$      (176)		NM			$          1		NM
Total used	$     1,140		$     1,126		$         14		1.2 %			$         (1)		1.3 %
F&I PRU	$     1,987		$     2,061		$        (74)		(3.6) %			$         (1)		(3.5) %
Other:
SG&A expenses	$     618.2		$     654.9		$     (36.7)		(5.6) %			$      (0.5)		(5.5) %
Adjusted SG&A expenses (2)	$     610.5		$     645.0		$     (34.5)		(5.4) %			$      (0.5)		(5.3) %
SG&A as % gross profit	72.3 %		71.2 %		1.1 %
Adjusted SG&A as % gross profit (2)	71.4 %		70.1 %		1.3 %
Operating margin %	3.7 %		1.9 %		1.8 %
Adjusted operating margin % (2)	3.9 %		4.2 %		(0.3) %
Pretax margin %	2.4 %		0.6 %		1.8 %
Adjusted pretax margin % (2)	2.7 %		3.0 %		(0.3) %
Floorplan expense:
Floorplan interest expense	$       21.0		$       23.7		$       (2.7)		(11.2) %			$         —		(11.2) %
Less: Floorplan assistance (3)	23.0		23.5		(0.5)		(2.2) %			—		(2.1) %
Net floorplan expense	$        (2.0)		$         0.2		$       (2.2)					$         —

(1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.

(2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.

(3) Floorplan assistance is included within New vehicle retail Gross profit above and New vehicle retail Cost of sales in our Condensed Consolidated Statements of Operations.

NM — Not Meaningful

 

Group 1 Automotive, Inc.
Reported Operating Data — Consolidated
(Unaudited)
(In millions, except unit data)
	Nine Months Ended September 30,
	2026		2025		Increase/ (Decrease)		% Change			Currency Impact on Current Period Results		Constant Currency % Change
Revenues:
New vehicle retail sales	$   7,833.6		$   8,222.8		$   (389.2)		(4.7) %			$      39.2		(5.2) %
Used vehicle retail sales	5,184.3		5,455.7		(271.5)		(5.0) %			41.0		(5.7) %
Used vehicle wholesale sales	424.9		463.8		(38.8)		(8.4) %			3.6		(9.1) %
Total used	5,609.2		5,919.5		(310.3)		(5.2) %			44.5		(6.0) %
Parts and service sales	2,097.5		2,144.4		(46.9)		(2.2) %			11.4		(2.7) %
F&I, net	648.5		704.8		(56.3)		(8.0) %			2.5		(8.4) %
Total revenues	$ 16,188.8		$ 16,991.5		$   (802.7)		(4.7) %			$      97.7		(5.3) %
Gross profit:
New vehicle retail sales	$      516.1		$      574.1		$     (58.0)		(10.1) %			$        3.1		(10.6) %
Used vehicle retail sales	249.5		275.3		(25.8)		(9.4) %			2.0		(10.1) %
Used vehicle wholesale sales	(1.9)		1.8		(3.7)		NM			(0.1)		NM
Total used	247.6		277.1		(29.5)		(10.7) %			1.8		(11.3) %
Parts and service sales	1,181.0		1,191.4		(10.4)		(0.9) %			6.3		(1.4) %
F&I, net	648.5		704.8		(56.3)		(8.0) %			2.5		(8.4) %
Total gross profit	$   2,593.2		$   2,747.4		$   (154.2)		(5.6) %			$      13.7		(6.1) %
Gross margin:
New vehicle retail sales	6.6 %		7.0 %		(0.4) %
Used vehicle retail sales	4.8 %		5.0 %		(0.2) %
Used vehicle wholesale sales	(0.5) %		0.4 %		(0.8) %
Total used	4.4 %		4.7 %		(0.3) %
Parts and service sales	56.3 %		55.6 %		0.7 %
Total gross margin	16.0 %		16.2 %		(0.2) %
Units sold:
Retail new vehicles sold (1)	160,992		169,131		(8,139)		(4.8) %
Retail used vehicles sold (1)	163,797		179,432		(15,635)		(8.7) %
Wholesale used vehicles sold	45,018		49,402		(4,384)		(8.9) %
Total used	208,815		228,834		(20,019)		(8.7) %
Average sales price per unit sold:
New vehicle retail (1)	$    51,741		$    50,415		$    1,325		2.6 %			$       257		2.1 %
Used vehicle retail (1)	$    31,704		$    30,425		$    1,278		4.2 %			$       251		3.4 %
Gross profit per unit sold:
New vehicle retail sales	$      3,206		$      3,394		$      (189)		(5.6) %			$         19		(6.1) %
Used vehicle retail sales	$      1,523		$      1,534		$        (11)		(0.7) %			$         12		(1.5) %
Used vehicle wholesale sales	$          (43)		$           36		$        (79)		NM			$          (3)		NM
Total used	$      1,186		$      1,211		$        (25)		(2.1) %			$           9		(2.8) %
F&I PRU	$      1,997		$      2,022		$        (25)		(1.3) %			$           8		(1.6) %
Adjusted F&I PRU (2)	$      2,018		$      2,022		$          (4)		(0.2) %			$           8		(0.6) %
Other:
SG&A expenses	$   1,842.2		$   1,918.2		$     (76.0)		(4.0) %			$      12.1		(4.6) %
Adjusted SG&A expenses (2)	$   1,863.2		$   1,907.8		$     (44.6)		(2.3) %			$      11.9		(3.0) %
SG&A as % gross profit	71.0 %		69.8 %		1.2 %
Adjusted SG&A as % gross profit (2)	71.7 %		69.4 %		2.2 %
Operating margin %	4.0 %		3.5 %		0.5 %
Adjusted operating margin % (2)	4.0 %		4.4 %		(0.4) %
Pretax margin %	2.7 %		2.3 %		0.4 %
Adjusted pretax margin % (2)	2.7 %		3.2 %		(0.5) %
Floorplan expense:
Floorplan interest expense	$        66.3		$        77.0		$     (10.7)		(13.9) %			$        0.5		(14.5) %
Less: Floorplan assistance (3)	64.9		66.5		(1.5)		(2.3) %			—		(2.4) %
Net floorplan expense	$          1.4		$        10.5		$       (9.1)					$        0.5

(1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.

(2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.

(3) Floorplan assistance is included within New vehicle retail Gross profit above and New vehicle retail Cost of sales in our Condensed Consolidated Statements of Operations.

NM — Not Meaningful

 

Group 1 Automotive, Inc.
Reported Operating Data — U.S.
(Unaudited)
(In millions, except unit data)
		Three Months Ended September 30,
		2026		2025		Increase/ (Decrease)		% Change
Revenues:
New vehicle retail sales		$    2,050.5		$    2,187.0		$     (136.6)		(6.2) %
Used vehicle retail sales		1,146.8		1,230.4		(83.5)		(6.8) %
Used vehicle wholesale sales		74.3		90.9		(16.6)		(18.2) %
Total used		1,221.2		1,321.3		(100.1)		(7.6) %
Parts and service sales		538.4		567.6		(29.2)		(5.1) %
F&I, net		181.0		202.1		(21.0)		(10.4) %
Total revenues		$    3,991.1		$    4,277.9		$     (286.9)		(6.7) %
Gross profit:
New vehicle retail sales		$       121.1		$       138.1		$       (17.0)		(12.3) %
Used vehicle retail sales		54.4		60.6		(6.2)		(10.2) %
Used vehicle wholesale sales		—		1.1		(1.1)		(103.9) %
Total used		54.4		61.7		(7.3)		(11.8) %
Parts and service sales		301.1		313.1		(12.0)		(3.8) %
F&I, net		181.0		202.1		(21.0)		(10.4) %
Total gross profit		$       657.7		$       715.0		$       (57.3)		(8.0) %
Gross margin:
New vehicle retail sales		5.9 %		6.3 %		(0.4) %
Used vehicle retail sales		4.7 %		4.9 %		(0.2) %
Used vehicle wholesale sales		(0.1) %		1.2 %		(1.2) %
Total used		4.5 %		4.7 %		(0.2) %
Parts and service sales		55.9 %		55.2 %		0.8 %
Total gross margin		16.5 %		16.7 %		(0.2) %
Units sold:
Retail new vehicles sold		39,275		41,582		(2,307)		(5.5) %
Retail used vehicles sold		35,662		39,636		(3,974)		(10.0) %
Wholesale used vehicles sold		8,749		9,984		(1,235)		(12.4) %
Total used		44,411		49,620		(5,209)		(10.5) %
Average sales price per unit sold:
New vehicle retail		$     52,208		$     52,595		$        (388)		(0.7) %
Used vehicle retail		$     32,158		$     31,042		$      1,117		3.6 %
Gross profit per unit sold:
New vehicle retail sales		$       3,084		$       3,322		$        (238)		(7.2) %
Used vehicle retail sales		$       1,527		$       1,529		$            (3)		(0.2) %
Used vehicle wholesale sales		$             (5)		$          108		$        (112)		(104.5) %
Total used		$       1,225		$       1,243		$          (18)		(1.5) %
F&I PRU		$       2,416		$       2,488		$          (72)		(2.9) %
Other:
SG&A expenses		$       452.1		$       481.2		$       (29.0)		(6.0) %
Adjusted SG&A expenses (1)		$       445.2		$       470.7		$       (25.5)		(5.4) %
SG&A as % gross profit		68.7 %		67.3 %		1.5 %
Adjusted SG&A as % gross profit (1)		67.7 %		65.8 %		1.9 %

(1) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.

 

Group 1 Automotive, Inc.
Reported Operating Data — U.S.
(Unaudited)
(In millions, except unit data)
		Nine Months Ended September 30,
		2026		2025		Increase/ (Decrease)		% Change
Revenues:
New vehicle retail sales		$    5,925.5		$    6,288.7		$     (363.2)		(5.8) %
Used vehicle retail sales		3,377.2		3,577.9		(200.8)		(5.6) %
Used vehicle wholesale sales		256.6		269.4		(12.8)		(4.8) %
Total used		3,633.8		3,847.3		(213.6)		(5.6) %
Parts and service sales		1,596.6		1,654.4		(57.8)		(3.5) %
F&I, net		532.4		586.5		(54.1)		(9.2) %
Total revenues		$  11,688.3		$  12,376.9		$     (688.6)		(5.6) %
Gross profit:
New vehicle retail sales		$       361.6		$       419.2		$       (57.6)		(13.7) %
Used vehicle retail sales		170.3		195.0		(24.8)		(12.7) %
Used vehicle wholesale sales		5.2		6.2		(1.0)		(15.6) %
Total used		175.5		201.2		(25.7)		(12.8) %
Parts and service sales		893.9		911.8		(17.9)		(2.0) %
F&I, net		532.4		586.5		(54.1)		(9.2) %
Total gross profit		$    1,963.4		$    2,118.7		$     (155.3)		(7.3) %
Gross margin:
New vehicle retail sales		6.1 %		6.7 %		(0.6) %
Used vehicle retail sales		5.0 %		5.5 %		(0.4) %
Used vehicle wholesale sales		2.0 %		2.3 %		(0.3) %
Total used		4.8 %		5.2 %		(0.4) %
Parts and service sales		56.0 %		55.1 %		0.9 %
Total gross margin		16.8 %		17.1 %		(0.3) %
Units sold:
Retail new vehicles sold		112,490		120,484		(7,994)		(6.6) %
Retail used vehicles sold		106,020		117,914		(11,894)		(10.1) %
Wholesale used vehicles sold		27,629		29,862		(2,233)		(7.5) %
Total used		133,649		147,776		(14,127)		(9.6) %
Average sales price per unit sold:
New vehicle retail		$     52,676		$     52,195		$         481		0.9 %
Used vehicle retail		$     31,854		$     30,344		$      1,511		5.0 %
Gross profit per unit sold:
New vehicle retail sales		$       3,215		$       3,479		$        (265)		(7.6) %
Used vehicle retail sales		$       1,606		$       1,654		$          (48)		(2.9) %
Used vehicle wholesale sales		$          188		$          206		$          (18)		(8.8) %
Total used		$       1,313		$       1,361		$          (49)		(3.6) %
F&I PRU		$       2,437		$       2,460		$          (24)		(1.0) %
Adjusted F&I PRU (1)		$       2,468		$       2,460		$             8		0.3 %
Other:
SG&A expenses		$    1,314.7		$    1,400.2		$       (85.5)		(6.1) %
Adjusted SG&A expenses (1)		$    1,344.0		$    1,390.1		$       (46.1)		(3.3) %
SG&A as % gross profit		67.0 %		66.1 %		0.9 %
Adjusted SG&A as % gross profit (1)		68.2 %		65.6 %		2.6 %

(1) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.

 

Group 1 Automotive, Inc.
Reported Operating Data — U.K.
(Unaudited)
(In millions, except unit data)
	Three Months Ended September 30,
	2026		2025		Increase/ (Decrease)		% Change			Currency Impact on Current Period Results		Constant Currency % Change
Revenues:
New vehicle retail sales	$     614.7		$     620.4		$      (5.7)		(0.9) %			$       (2.7)		(0.5) %
Used vehicle retail sales	544.2		621.8		(77.5)		(12.5) %			(1.7)		(12.2) %
Used vehicle wholesale sales	49.6		57.5		(7.8)		(13.6) %			(0.1)		(13.4) %
Total used	593.9		679.3		(85.4)		(12.6) %			(1.9)		(12.3) %
Parts and service sales	162.3		166.3		(4.1)		(2.4) %			(0.5)		(2.1) %
F&I, net	34.8		38.8		(4.0)		(10.4) %			(0.1)		(10.0) %
Total revenues	$  1,405.6		$  1,504.8		$    (99.1)		(6.6) %			$       (5.3)		(6.2) %
Gross profit:
New vehicle retail sales	$       48.8		$       48.0		$       0.8		1.6 %			$       (0.2)		2.1 %
Used vehicle retail sales	25.4		24.8		0.7		2.6 %			(0.1)		2.9 %
Used vehicle wholesale sales	(2.7)		(1.3)		(1.4)		(103.5) %			—		(104.6) %
Total used	22.7		23.4		(0.7)		(3.0) %			(0.1)		(2.8) %
Parts and service sales	90.9		94.5		(3.7)		(3.9) %			(0.3)		(3.5) %
F&I, net	34.8		38.8		(4.0)		(10.4) %			(0.1)		(10.0) %
Total gross profit	$     197.1		$     204.7		$      (7.6)		(3.7) %			$       (0.7)		(3.3) %
Gross margin:
New vehicle retail sales	7.9 %		7.7 %		0.2 %
Used vehicle retail sales	4.7 %		4.0 %		0.7 %
Used vehicle wholesale sales	(5.4) %		(2.3) %		(3.1) %
Total used	3.8 %		3.5 %		0.4 %
Parts and service sales	56.0 %		56.8 %		(0.8) %
Total gross margin	14.0 %		13.6 %		0.4 %
Units sold:
Retail new vehicles sold (1)	15,984		15,687		297		1.9 %
Retail used vehicles sold (1)	17,681		19,938		(2,257)		(11.3) %
Wholesale used vehicles sold	5,552		6,034		(482)		(8.0) %
Total used	23,233		25,972		(2,739)		(10.5) %
Average sales price per unit sold:
New vehicle retail (1)	$   47,756		$   45,326		$   2,430		5.4 %			$      (211)		5.8 %
Used vehicle retail (1)	$   30,906		$   31,251		$     (345)		(1.1) %			$        (99)		(0.8) %
Gross profit per unit sold:
New vehicle retail sales	$     3,051		$     3,059		$         (8)		(0.3) %			$        (15)		0.2 %
Used vehicle retail sales	$     1,437		$     1,242		$      196		15.7 %			$          (4)		16.1 %
Used vehicle wholesale sales	$       (485)		$       (219)		$     (265)		(121.2) %			$           2		(122.3) %
Total used	$        978		$        902		$        76		8.4 %			$          (2)		8.7 %
F&I PRU	$     1,033		$     1,089		$       (56)		(5.1) %			$          (4)		(4.8) %
Other:
SG&A expenses	$     166.0		$     173.7		$      (7.7)		(4.4) %			$       (0.5)		(4.1) %
Adjusted SG&A expenses (2)	$     165.3		$     174.3		$      (9.0)		(5.2) %			$       (0.5)		(4.9) %
SG&A as % gross profit	84.2 %		84.9 %		(0.6) %
Adjusted SG&A as % gross profit (2)	83.9 %		85.2 %		(1.3) %

(1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.

(2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.

 

Group 1 Automotive, Inc.
Reported Operating Data — U.K.
(Unaudited)
(In millions, except unit data)
	Nine Months Ended September 30,
	2026		2025		Increase/ (Decrease)		% Change			Currency Impact on Current Period Results		Constant Currency % Change
Revenues:
New vehicle retail sales	$  1,908.2		$  1,934.1		$     (26.0)		(1.3) %			$       39.2		(3.4) %
Used vehicle retail sales	1,807.1		1,877.8		(70.7)		(3.8) %			41.0		(5.9) %
Used vehicle wholesale sales	168.4		194.4		(26.0)		(13.4) %			3.6		(15.2) %
Total used	1,975.4		2,072.2		(96.7)		(4.7) %			44.5		(6.8) %
Parts and service sales	500.9		490.0		10.9		2.2 %			11.4		(0.1) %
F&I, net	116.1		118.3		(2.3)		(1.9) %			2.5		(4.1) %
Total revenues	$  4,500.6		$  4,614.6		$   (114.1)		(2.5) %			$       97.7		(4.6) %
Gross profit:
New vehicle retail sales	$     154.5		$     154.9		$       (0.4)		(0.3) %			$         3.1		(2.2) %
Used vehicle retail sales	79.2		80.3		(1.1)		(1.3) %			2.0		(3.8) %
Used vehicle wholesale sales	(7.1)		(4.4)		(2.8)		(62.9) %			(0.1)		(59.6) %
Total used	72.1		75.9		(3.8)		(5.0) %			1.8		(7.4) %
Parts and service sales	287.2		279.6		7.5		2.7 %			6.3		0.4 %
F&I, net	116.1		118.3		(2.3)		(1.9) %			2.5		(4.1) %
Total gross profit	$     629.8		$     628.8		$        1.1		0.2 %			$       13.7		(2.0) %
Gross margin:
New vehicle retail sales	8.1 %		8.0 %		0.1 %
Used vehicle retail sales	4.4 %		4.3 %		0.1 %
Used vehicle wholesale sales	(4.2) %		(2.3) %		(2.0) %
Total used	3.7 %		3.7 %		— %
Parts and service sales	57.3 %		57.1 %		0.3 %
Total gross margin	14.0 %		13.6 %		0.4 %
Units sold:
Retail new vehicles sold (1)	48,502		48,647		(145)		(0.3) %
Retail used vehicles sold (1)	57,777		61,518		(3,741)		(6.1) %
Wholesale used vehicles sold	17,389		19,540		(2,151)		(11.0) %
Total used	75,166		81,058		(5,892)		(7.3) %
Average sales price per unit sold:
New vehicle retail (1)	$   48,995		$   45,327		$    3,669		8.1 %			$     1,010		5.9 %
Used vehicle retail (1)	$   31,426		$   30,582		$       844		2.8 %			$        713		0.4 %
Gross profit per unit sold:
New vehicle retail sales	$     3,185		$     3,184		$           1		— %			$          63		(1.9) %
Used vehicle retail sales	$     1,372		$     1,305		$         66		5.1 %			$          34		2.5 %
Used vehicle wholesale sales	$       (410)		$       (224)		$      (186)		(83.0) %			$           (8)		(79.3) %
Total used	$        960		$        937		$         23		2.4 %			$          24		(0.2) %
F&I PRU	$     1,092		$     1,074		$         18		1.7 %			$          24		(0.5) %
Other:
SG&A expenses	$     527.6		$     518.1		$        9.5		1.8 %			$       12.1		(0.5) %
Adjusted SG&A expenses (2)	$     519.2		$     517.7		$        1.5		0.3 %			$       11.9		(2.0) %
SG&A as % gross profit	83.8 %		82.4 %		1.4 %
Adjusted SG&A as % gross profit (2)	82.4 %		82.3 %		0.1 %

(1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.

(2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.

 

Group 1 Automotive, Inc.
Same Store Operating Data — Consolidated
(Unaudited)
(In millions, except unit data)
		Three Months Ended September 30,
		2026		2025		Increase/ (Decrease)		% Change			Currency Impact on Current Period Results		Constant Currency % Change
Revenues:
New vehicle retail sales		$  2,608.1		$  2,629.9		$     (21.8)		(0.8) %			$       (2.6)		(0.7) %
Used vehicle retail sales		1,658.7		1,763.0		(104.3)		(5.9) %			(1.7)		(5.8) %
Used vehicle wholesale sales		117.2		137.5		(20.3)		(14.8) %			(0.1)		(14.7) %
Total used		1,775.9		1,900.5		(124.6)		(6.6) %			(1.9)		(6.5) %
Parts and service sales		687.2		673.8		13.4		2.0 %			(0.5)		2.1 %
F&I, net		211.4		232.1		(20.7)		(8.9) %			(0.1)		(8.9) %
Total revenues		$  5,282.7		$  5,436.4		$   (153.7)		(2.8) %			$       (5.2)		(2.7) %
Gross profit:
New vehicle retail sales		$     166.5		$     176.4		$       (9.9)		(5.6) %			$       (0.2)		(5.5) %
Used vehicle retail sales		78.7		82.0		(3.3)		(4.0) %			(0.1)		(3.9) %
Used vehicle wholesale sales		(2.2)		0.2		(2.4)		NM			—		NM
Total used		76.5		82.2		(5.7)		(7.0) %			(0.1)		(6.9) %
Parts and service sales		383.1		382.6		0.5		0.1 %			(0.3)		0.2 %
F&I, net		211.4		232.1		(20.7)		(8.9) %			(0.1)		(8.9) %
Total gross profit		$     837.6		$     873.4		$     (35.8)		(4.1) %			$       (0.7)		(4.0) %
Gross margin:
New vehicle retail sales		6.4 %		6.7 %		(0.3) %
Used vehicle retail sales		4.7 %		4.7 %		0.1 %
Used vehicle wholesale sales		(1.9) %		0.2 %		(2.1) %
Total used		4.3 %		4.3 %		— %
Parts and service sales		55.8 %		56.8 %		(1.0) %
Total gross margin		15.9 %		16.1 %		(0.2) %
Units sold:
Retail new vehicles sold (1)		53,933		54,615		(682)		(1.2) %
Retail used vehicles sold (1)		52,272		57,153		(4,881)		(8.5) %
Wholesale used vehicles sold		13,872		15,287		(1,415)		(9.3) %
Total used		66,144		72,440		(6,296)		(8.7) %
Average sales price per unit sold:
New vehicle retail (1)		$   51,337		$   50,000		$    1,337		2.7 %			$        (51)		2.8 %
Used vehicle retail (1)		$   31,776		$   30,868		$       908		2.9 %			$        (27)		3.0 %
Gross profit per unit sold:
New vehicle retail sales		$     3,088		$     3,230		$      (142)		(4.4) %			$          (4)		(4.3) %
Used vehicle retail sales		$     1,506		$     1,435		$         71		5.0 %			$          (1)		5.1 %
Used vehicle wholesale sales		$       (160)		$          15		$      (174)		NM			$           1		NM
Total used		$     1,157		$     1,135		$         22		1.9 %			$          (1)		2.0 %
F&I PRU		$     1,991		$     2,077		$        (86)		(4.1) %			$          (1)		(4.1) %
Other:
SG&A expenses		$     604.0		$     612.9		$       (8.9)		(1.5) %			$       (0.5)		(1.4) %
Adjusted SG&A expenses (2)		$     595.3		$     602.4		$       (7.1)		(1.2) %			$       (0.5)		(1.1) %
SG&A as % gross profit		72.1 %		70.2 %		1.9 %
Adjusted SG&A as % gross profit (2)		71.1 %		69.0 %		2.1 %
Operating margin %		3.7 %		4.2 %		(0.5) %
Adjusted operating margin % (2)		4.0 %		4.5 %		(0.5) %

(1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.

(2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.

NM — Not Meaningful

 

Group 1 Automotive, Inc.
Same Store Operating Data — Consolidated
(Unaudited)
(In millions, except unit data)
		Nine Months Ended September 30,
		2026		2025		Increase/ (Decrease)		% Change			Currency Impact on Current Period Results		Constant Currency % Change
Revenues:
New vehicle retail sales		$   7,592.6		$   7,789.7		$   (197.1)		(2.5) %			$       39.4		(3.0) %
Used vehicle retail sales		5,024.9		5,203.3		(178.4)		(3.4) %			41.0		(4.2) %
Used vehicle wholesale sales		396.2		422.4		(26.3)		(6.2) %			3.1		(7.0) %
Total used		5,421.1		5,625.8		(204.7)		(3.6) %			44.0		(4.4) %
Parts and service sales		2,037.8		1,981.1		56.6		2.9 %			11.3		2.3 %
F&I, net		631.9		680.5		(48.7)		(7.1) %			2.6		(7.5) %
Total revenues		$ 15,683.3		$ 16,077.1		$   (393.8)		(2.4) %			$       97.3		(3.1) %
Gross profit:
New vehicle retail sales		$      498.7		$      548.3		$     (49.6)		(9.0) %			$         3.1		(9.6) %
Used vehicle retail sales		243.5		265.0		(21.5)		(8.1) %			1.9		(8.8) %
Used vehicle wholesale sales		(0.6)		3.4		(4.0)		(117.8) %			(0.1)		(114.8) %
Total used		242.9		268.4		(25.5)		(9.5) %			1.8		(10.2) %
Parts and service sales		1,144.7		1,123.2		21.5		1.9 %			6.2		1.4 %
F&I, net		631.9		680.5		(48.7)		(7.1) %			2.6		(7.5) %
Total gross profit		$   2,518.1		$   2,620.4		$   (102.3)		(3.9) %			$       13.6		(4.4) %
Gross margin:
New vehicle retail sales		6.6 %		7.0 %		(0.5) %
Used vehicle retail sales		4.8 %		5.1 %		(0.2) %
Used vehicle wholesale sales		(0.2) %		0.8 %		(1.0) %
Total used		4.5 %		4.8 %		(0.3) %
Parts and service sales		56.2 %		56.7 %		(0.5) %
Total gross margin		16.1 %		16.3 %		(0.2) %
Units sold:
Retail new vehicles sold (1)		156,585		161,555		(4,970)		(3.1) %
Retail used vehicles sold (1)		159,307		171,842		(12,535)		(7.3) %
Wholesale used vehicles sold		43,445		46,499		(3,054)		(6.6) %
Total used		202,752		218,341		(15,589)		(7.1) %
Average sales price per unit sold:
New vehicle retail (1)		$    51,652		$    50,021		$    1,631		3.3 %			$        265		2.7 %
Used vehicle retail (1)		$    31,597		$    30,297		$    1,300		4.3 %			$        258		3.4 %
Gross profit per unit sold:
New vehicle retail sales		$      3,185		$      3,394		$      (209)		(6.2) %			$          20		(6.7) %
Used vehicle retail sales		$      1,528		$      1,542		$        (14)		(0.9) %			$          12		(1.7) %
Used vehicle wholesale sales		$          (14)		$           73		$        (87)		(119.1) %			$           (2)		(115.9) %
Total used		$      1,198		$      1,229		$        (31)		(2.6) %			$            9		(3.3) %
F&I PRU		$      2,000		$      2,041		$        (41)		(2.0) %			$            8		(2.4) %
Adjusted F&I PRU (2)		$      2,022		$      2,041		$        (19)		(0.9) %			$            8		(1.3) %
Other:
SG&A expenses		$   1,813.2		$   1,812.9		$        0.3		— %			$       11.7		(0.6) %
Adjusted SG&A expenses (2)		$   1,796.0		$   1,794.8		$        1.3		0.1 %			$       11.7		(0.6) %
SG&A as % gross profit		72.0 %		69.2 %		2.8 %
Adjusted SG&A as % gross profit (2)		71.1 %		68.5 %		2.6 %
Operating margin %		3.9 %		4.5 %		(0.6) %
Adjusted operating margin % (2)		4.1 %		4.6 %		(0.5) %

(1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.

(2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.

 

Group 1 Automotive, Inc.
Same Store Operating Data — U.S.
(Unaudited)
(In millions, except unit data)
	Three Months Ended September 30,
	2026		2025		Increase/ (Decrease)		% Change
Revenues:
New vehicle retail sales	$    2,013.3		$    2,084.5		$       (71.2)		(3.4) %
Used vehicle retail sales	1,124.1		1,200.6		(76.5)		(6.4) %
Used vehicle wholesale sales	73.1		85.5		(12.3)		(14.4) %
Total used	1,197.2		1,286.1		(88.9)		(6.9) %
Parts and service sales	527.5		523.6		3.8		0.7 %
F&I, net	177.2		197.8		(20.6)		(10.4) %
Total revenues	$    3,915.1		$    4,092.0		$     (176.9)		(4.3) %
Gross profit:
New vehicle retail sales	$       118.5		$       133.6		$       (15.1)		(11.3) %
Used vehicle retail sales	54.1		59.1		(5.0)		(8.5) %
Used vehicle wholesale sales	0.2		1.1		(0.9)		(84.4) %
Total used	54.2		60.2		(6.0)		(9.9) %
Parts and service sales	294.5		297.0		(2.5)		(0.8) %
F&I, net	177.2		197.8		(20.6)		(10.4) %
Total gross profit	$       644.5		$       688.6		$       (44.2)		(6.4) %
Gross margin:
New vehicle retail sales	5.9 %		6.4 %		(0.5) %
Used vehicle retail sales	4.8 %		4.9 %		(0.1) %
Used vehicle wholesale sales	0.2 %		1.3 %		(1.1) %
Total used	4.5 %		4.7 %		(0.2) %
Parts and service sales	55.8 %		56.7 %		(0.9) %
Total gross margin	16.5 %		16.8 %		(0.4) %
Units sold:
Retail new vehicles sold	38,466		40,307		(1,841)		(4.6) %
Retail used vehicles sold	35,005		38,889		(3,884)		(10.0) %
Wholesale used vehicles sold	8,609		9,771		(1,162)		(11.9) %
Total used	43,614		48,660		(5,046)		(10.4) %
Average sales price per unit sold:
New vehicle retail	$     52,340		$     51,716		$         625		1.2 %
Used vehicle retail	$     32,112		$     30,873		$      1,239		4.0 %
Gross profit per unit sold:
New vehicle retail sales	$       3,082		$       3,315		$        (233)		(7.0) %
Used vehicle retail sales	$       1,544		$       1,520		$           25		1.6 %
Used vehicle wholesale sales	$            20		$          113		$          (93)		(82.3) %
Total used	$       1,243		$       1,237		$             6		0.5 %
F&I PRU	$       2,411		$       2,497		$          (86)		(3.5) %
Other:
SG&A expenses	$       443.8		$       459.7		$       (15.8)		(3.4) %
Adjusted SG&A expenses (1)	$       435.1		$       449.2		$       (14.0)		(3.1) %
SG&A as % gross profit	68.9 %		66.8 %		2.1 %
Adjusted SG&A as % gross profit (1)	67.5 %		65.2 %		2.3 %

(1) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.

 

Group 1 Automotive, Inc.
Same Store Operating Data — U.S.
(Unaudited)
(In millions, except unit data)
	Nine Months Ended September 30,
	2026		2025		Increase/ (Decrease)		% Change
Revenues:
New vehicle retail sales	$     5,740.5		$     6,018.7		$     (278.2)		(4.6) %
Used vehicle retail sales	3,249.8		3,476.1		(226.2)		(6.5) %
Used vehicle wholesale sales	245.8		247.8		(2.0)		(0.8) %
Total used	3,495.7		3,723.9		(228.2)		(6.1) %
Parts and service sales	1,548.3		1,532.5		15.8		1.0 %
F&I, net	517.6		572.5		(54.8)		(9.6) %
Total revenues	$   11,302.1		$   11,847.5		$     (545.5)		(4.6) %
Gross profit:
New vehicle retail sales	$        347.5		$        405.7		$       (58.2)		(14.3) %
Used vehicle retail sales	166.0		190.2		(24.2)		(12.7) %
Used vehicle wholesale sales	5.5		5.9		(0.4)		(6.2) %
Total used	171.5		196.0		(24.5)		(12.5) %
Parts and service sales	864.7		866.1		(1.4)		(0.2) %
F&I, net	517.6		572.5		(54.8)		(9.6) %
Total gross profit	$     1,901.3		$     2,040.2		$     (138.9)		(6.8) %
Gross margin:
New vehicle retail sales	6.1 %		6.7 %		(0.7) %
Used vehicle retail sales	5.1 %		5.5 %		(0.4) %
Used vehicle wholesale sales	2.2 %		2.4 %		(0.1) %
Total used	4.9 %		5.3 %		(0.4) %
Parts and service sales	55.9 %		56.5 %		(0.7) %
Total gross margin	16.8 %		17.2 %		(0.4) %
Units sold:
Retail new vehicles sold	109,448		116,491		(7,043)		(6.0) %
Retail used vehicles sold	102,649		114,886		(12,237)		(10.7) %
Wholesale used vehicles sold	26,829		28,779		(1,950)		(6.8) %
Total used	129,478		143,665		(14,187)		(9.9) %
Average sales price per unit sold:
New vehicle retail	$      52,450		$      51,666		$         783		1.5 %
Used vehicle retail	$      31,660		$      30,257		$      1,403		4.6 %
Gross profit per unit sold:
New vehicle retail sales	$        3,175		$        3,482		$        (308)		(8.8) %
Used vehicle retail sales	$        1,617		$        1,655		$          (38)		(2.3) %
Used vehicle wholesale sales	$           205		$           204		$             1		0.6 %
Total used	$        1,325		$        1,365		$          (40)		(2.9) %
F&I PRU	$        2,441		$        2,474		$          (34)		(1.4) %
Adjusted F&I PRU (1)	$        2,473		$        2,474		$            (2)		(0.1) %
Other:
SG&A expenses	$     1,314.1		$     1,344.2		$       (30.0)		(2.2) %
Adjusted SG&A expenses (1)	$     1,297.6		$     1,327.0		$       (29.4)		(2.2) %
SG&A as % gross profit	69.1 %		65.9 %		3.2 %
Adjusted SG&A as % gross profit (1)	68.0 %		65.0 %		3.0 %

(1) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.

 

Group 1 Automotive, Inc.
Same Store Operating Data — U.K.
(Unaudited)
(In millions, except unit data)
	Three Months Ended September 30,
	2026		2025		Increase/ (Decrease)		% Change			Currency Impact on Current Period Results		Constant Currency % Change
Revenues:
New vehicle retail sales	$     594.8		$     545.4		$     49.4		9.1 %			$       (2.6)		9.5 %
Used vehicle retail sales	534.6		562.4		(27.8)		(4.9) %			(1.7)		(4.6) %
Used vehicle wholesale sales	44.1		52.0		(8.0)		(15.3) %			(0.1)		(15.0) %
Total used	578.7		614.5		(35.7)		(5.8) %			(1.9)		(5.5) %
Parts and service sales	159.7		150.2		9.6		6.4 %			(0.5)		6.7 %
F&I, net	34.3		34.3		(0.1)		(0.2) %			(0.1)		0.2 %
Total revenues	$  1,367.5		$  1,344.3		$     23.2		1.7 %			$       (5.2)		2.1 %
Gross profit:
New vehicle retail sales	$       48.0		$       42.8		$       5.2		12.1 %			$       (0.2)		12.6 %
Used vehicle retail sales	24.7		22.9		1.8		7.7 %			(0.1)		8.0 %
Used vehicle wholesale sales	(2.4)		(0.9)		(1.5)		NM			—		NM
Total used	22.3		22.0		0.3		1.1 %			(0.1)		1.4 %
Parts and service sales	88.6		85.6		3.0		3.5 %			(0.3)		3.9 %
F&I, net	34.3		34.3		(0.1)		(0.2) %			(0.1)		0.2 %
Total gross profit	$     193.1		$     184.8		$       8.4		4.5 %			$       (0.7)		4.9 %
Gross margin:
New vehicle retail sales	8.1 %		7.9 %		0.2 %
Used vehicle retail sales	4.6 %		4.1 %		0.5 %
Used vehicle wholesale sales	(5.4) %		(1.7) %		(3.7) %
Total used	3.8 %		3.6 %		0.3 %
Parts and service sales	55.5 %		57.0 %		(1.5) %
Total gross margin	14.1 %		13.7 %		0.4 %
Units sold:
Retail new vehicles sold (1)	15,467		14,308		1,159		8.1 %
Retail used vehicles sold (1)	17,267		18,264		(997)		(5.5) %
Wholesale used vehicles sold	5,263		5,516		(253)		(4.6) %
Total used	22,530		23,780		(1,250)		(5.3) %
Average sales price per unit sold:
New vehicle retail (1)	$   48,155		$   44,288		$   3,868		8.7 %			$      (213)		9.2 %
Used vehicle retail (1)	$   31,092		$   30,859		$      233		0.8 %			$      (100)		1.1 %
Gross profit per unit sold:
New vehicle retail sales	$     3,103		$     2,993		$      110		3.7 %			$        (15)		4.2 %
Used vehicle retail sales	$     1,428		$     1,254		$      174		13.9 %			$          (4)		14.2 %
Used vehicle wholesale sales	$       (454)		$       (161)		$     (294)		NM			$           3		NM
Total used	$        988		$        926		$        63		6.8 %			$          (3)		7.0 %
F&I PRU	$     1,046		$     1,053		$         (7)		(0.7) %			$          (4)		(0.3) %
Other:
SG&A expenses	$     160.2		$     153.2		$       6.9		4.5 %			$       (0.5)		4.8 %
SG&A as % gross profit	82.9 %		82.9 %		— %

(1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.

NM — Not Meaningful

 

Group 1 Automotive, Inc.
Same Store Operating Data — U.K.
(Unaudited)
(In millions, except unit data)
	Nine Months Ended September 30,
	2026		2025		Increase/ (Decrease)		% Change			Currency Impact on Current Period Results		Constant Currency % Change
Revenues:
New vehicle retail sales	$  1,852.1		$  1,771.0		$      81.0		4.6 %			$       39.4		2.4 %
Used vehicle retail sales	1,775.1		1,727.3		47.8		2.8 %			41.0		0.4 %
Used vehicle wholesale sales	150.3		174.6		(24.3)		(13.9) %			3.1		(15.7) %
Total used	1,925.4		1,901.9		23.6		1.2 %			44.0		(1.1) %
Parts and service sales	489.5		448.7		40.9		9.1 %			11.3		6.6 %
F&I, net	114.2		108.0		6.2		5.7 %			2.6		3.3 %
Total revenues	$  4,381.3		$  4,229.6		$    151.7		3.6 %			$       97.3		1.3 %
Gross profit:
New vehicle retail sales	$     151.2		$     142.6		$        8.6		6.0 %			$         3.1		3.9 %
Used vehicle retail sales	77.5		74.8		2.6		3.5 %			1.9		1.0 %
Used vehicle wholesale sales	(6.1)		(2.5)		(3.7)		(148.5) %			(0.1)		(144.3) %
Total used	71.4		72.4		(1.0)		(1.4) %			1.8		(3.9) %
Parts and service sales	280.0		257.1		22.8		8.9 %			6.2		6.5 %
F&I, net	114.2		108.0		6.2		5.7 %			2.6		3.3 %
Total gross profit	$     616.8		$     580.2		$      36.6		6.3 %			$       13.6		4.0 %
Gross margin:
New vehicle retail sales	8.2 %		8.1 %		0.1 %
Used vehicle retail sales	4.4 %		4.3 %		— %
Used vehicle wholesale sales	(4.1) %		(1.4) %		(2.7) %
Total used	3.7 %		3.8 %		(0.1) %
Parts and service sales	57.2 %		57.3 %		(0.1) %
Total gross margin	14.1 %		13.7 %		0.4 %
Units sold:
Retail new vehicles sold (1)	47,137		45,064		2,073		4.6 %
Retail used vehicles sold (1)	56,658		56,956		(298)		(0.5) %
Wholesale used vehicles sold	16,616		17,720		(1,104)		(6.2) %
Total used	73,274		74,676		(1,402)		(1.9) %
Average sales price per unit sold:
New vehicle retail (1)	$   49,288		$   45,076		$    4,212		9.3 %			$     1,051		7.0 %
Used vehicle retail (1)	$   31,483		$   30,379		$    1,104		3.6 %			$        728		1.2 %
Gross profit per unit sold:
New vehicle retail sales	$     3,209		$     3,165		$         43		1.4 %			$          65		(0.7) %
Used vehicle retail sales	$     1,367		$     1,314		$         54		4.1 %			$          33		1.6 %
Used vehicle wholesale sales	$       (368)		$       (139)		$      (229)		NM			$           (6)		NM
Total used	$        974		$        969		$           5		0.5 %			$          24		(2.0) %
F&I PRU	$     1,101		$     1,059		$         41		3.9 %			$          25		1.6 %
Other:
SG&A expenses	$     499.1		$     468.7		$      30.4		6.5 %			$       11.7		4.0 %
Adjusted SG&A expenses (2)	$     498.4		$     467.7		$      30.7		6.6 %			$       11.7		4.1 %
SG&A as % gross profit	80.9 %		80.8 %		0.1 %
Adjusted SG&A as % gross profit (2)	80.8 %		80.6 %		0.2 %

(1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.

(2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.

NM — Not Meaningful

 

Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures — Consolidated
(Unaudited)
(In millions, except per share data)
	Three Months Ended September 30, 2026
	U.S. GAAP		Catastrophic events		Dealership and real estate transactions		Restructuring charges		Acquisition costs		Legal items and other professional fees		Asset impairments		Non-GAAP adjusted
SG&A expenses	$    618.2		$       (0.5)		$         1.0		$         —		$       (7.1)		$      (1.1)		$         —		$     610.5
Asset impairments	$        7.0		$         —		$        (0.2)		$         —		$         —		$        —		$       (6.8)		$          —
Restructuring charges	$        0.1		$         —		$          —		$       (0.1)		$         —		$        —		$         —		$          —
Income (loss) from operations	$    200.7		$        0.5		$        (0.8)		$        0.1		$        7.1		$       1.1		$        6.8		$     215.4
Income (loss) before income taxes	$    131.5		$        0.5		$        (0.8)		$        0.1		$        7.1		$       1.1		$        6.8		$     146.2
Less: Provision for income taxes	28.7		0.1		1.8		—		1.7		0.2		1.6		34.1
Net income (loss) from continuing operations	102.9		0.4		(2.7)		—		5.4		0.8		5.2		112.1
Less: Earnings allocated to participating securities	0.9		—		—		—		—		—		—		1.0
Net income (loss) from continuing operations available to diluted common shares	$    102.0		$        0.4		$        (2.6)		$         —		$        5.4		$        0.8		$        5.2		$      111.1
Diluted earnings (loss) per common share from continuing operations	$      8.59		$      0.03		$      (0.22)		$         —		$      0.45		$      0.07		$      0.43		$       9.36
Effective tax rate	21.8 %														23.3 %
SG&A as % gross profit (1)	72.3 %														71.4 %
Operating margin (2)	3.7 %														3.9 %
Pretax margin (3)	2.4 %														2.7 %
Same Store SG&A expenses	$    604.0		$       (0.5)		$          —		$         —		$       (7.1)		$      (1.1)		$         —		$     595.3
Same Store SG&A as % gross profit (1)	72.1 %														71.1 %
Same Store income from operations	$    198.5		$        0.5		$          —		$         —		$        7.1		$       1.1		$        6.8		$     214.0
Same Store operating margin (2)	3.7 %														4.0 %

 

		U.S. GAAP		Non-GAAP adjustments		Non-GAAP adjusted
Net income from discontinued operations		$             —		$               —		$             —
Less: Earnings allocated to participating securities		—		—		—
Net income from discontinued operations available to diluted common shares		$             —		$               —		$             —
Net income		$        102.9		$              9.2		$        112.1
Less: Earnings allocated to participating securities		0.9		0.1		1.0
Net income available to diluted common shares		$        102.0		$              9.2		$        111.1
Diluted earnings per common share from discontinued operations		$             —		$               —		$             —
Diluted earnings per common share from continuing operations		8.59		0.77		9.36
Diluted earnings per common share		$          8.59		$            0.77		$          9.36

(1) Adjusted SG&A as % of gross profit excludes the impact of SG&A reconciling items above.

(2) Adjusted operating margin excludes the impact of SG&A reconciling items, asset impairment charges and restructuring charges.

(3) Adjusted pretax margin excludes the impact of SG&A reconciling items, asset impairment charges and restructuring charges.

 

Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures — Consolidated
(Unaudited)
(In millions, except per share data)
		Three Months Ended September 30, 2025
		U.S. GAAP		Catastrophic events		Dealership and real estate transactions		Severance costs		Restructuring charges		Acquisition costs		Legal items and other professional fees		Asset impairments and accelerated depreciation		Non-GAAP adjusted
SG&A expenses		$   654.9		$        0.2		$       0.6		$     (0.4)		$         —		$     (4.3)		$      (6.0)		$          —		$  645.0
Depreciation and amortization expense		$     31.6		$         —		$        —		$       —		$         —		$       —		$        —		$        (1.6)		$    30.0
Asset impairments		$   123.9		$         —		$        —		$       —		$         —		$       —		$        —		$    (123.9)		$       —
Restructuring charges		$       1.6		$         —		$        —		$       —		$       (1.6)		$       —		$        —		$          —		$       —
Income (loss) from operations		$   107.8		$       (0.2)		$      (0.6)		$      0.4		$        1.6		$      4.3		$       6.0		$     125.5		$  244.7
Income (loss) before income taxes		$     36.2		$       (0.2)		$      (0.6)		$      0.4		$        1.6		$      4.3		$       6.0		$     125.5		$  173.1
Less: Provision (benefit) for income taxes		23.0		(0.1)		(0.2)		0.1		—		1.0		1.4		12.6		38.0
Net income (loss) from continuing operations		13.1		(0.2)		(0.5)		0.3		1.6		3.3		4.6		112.9		135.1
Less: Earnings allocated to participating securities		0.1		—		—		—		—		—		—		1.2		1.4
Net income (loss) from continuing operations available to diluted common shares		$     13.0		$        (0.2)		$       (0.5)		$       0.3		$         1.5		$       3.2		$        4.5		$      111.7		$  133.7
Diluted earnings (loss) per common share from continuing operations		$     1.02		$      (0.01)		$     (0.04)		$     0.02		$       0.12		$     0.25		$      0.35		$       8.73		$  10.45
Effective tax rate		63.7 %																21.9 %
SG&A as % gross profit (1)		71.2 %																70.1 %
Operating margin (2)		1.9 %																4.2 %
Pretax margin (3)		0.6 %																3.0 %
Same Store SG&A expenses		$   612.9		$         0.2		$         —		$      (0.4)		$          —		$      (4.3)		$       (6.0)		$          —		$  602.4
Same Store SG&A as % gross profit (1)		70.2 %																69.0 %
Same Store income (loss) from operations		$   230.9		$        (0.2)		$        —		$       0.4		$          —		$       4.3		$        6.0		$        1.6		$  243.0
Same Store operating margin (2)		4.2 %																4.5 %

 

		U.S. GAAP		Non-GAAP adjustments		Non-GAAP adjusted
Net loss from discontinued operations		$             (0.2)		$             —		$            (0.2)
Less: Loss allocated to participating securities		—		—		—
Net loss from discontinued operations available to diluted common shares		$             (0.2)		$             —		$            (0.2)
Net income		$            13.0		$        122.0		$          134.9
Less: Earnings allocated to participating securities		0.1		1.3		1.4
Net income available to diluted common shares		$            12.8		$        120.7		$          133.5
Diluted loss per common share from discontinued operations		$           (0.01)		$             —		$          (0.01)
Diluted earnings per common share from continuing operations		1.02		9.43		10.45
Diluted earnings per common share		$            1.00		$          9.43		$          10.43

(1) Adjusted SG&A as % of gross profit excludes the impact of SG&A reconciling items above.

(2) Adjusted operating margin excludes the impact of SG&A reconciling items, accelerated depreciation expense, asset impairment charges and restructuring charges.

(3) Adjusted pretax margin excludes the impact of SG&A reconciling items, accelerated depreciation expense, asset impairment charges and restructuring charges.

 

Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures — Consolidated
(Unaudited)
(In millions, except per share and unit data)
		Nine Months Ended September 30, 2026
		U.S. GAAP		Non- recurring F&I adjustment		Non-cash gain on interest rate swaps		Catastrophic events		Dealership and real estate transactions		Severance costs		Restructuring charges		Acquisition costs		Legal items and other professional fees		Asset impairments and accelerated depreciation		Non-GAAP adjusted
F&I, net		$    648.5		$    6.8		$       —		$       —		$        —		$       —		$        —		$        —		$       —		$         —		$    655.3
Total gross profit		$ 2,593.2		$    6.8		$       —		$       —		$        —		$       —		$        —		$        —		$       —		$         —		$ 2,600.0
SG&A expenses		$ 1,842.2		$     —		$       —		$     (4.0)		$     38.2		$     (2.7)		$        —		$     (7.4)		$     (3.1)		$         —		$ 1,863.2
Depreciation and amortization expense		$      93.3		$     —		$       —		$       —		$        —		$       —		$        —		$        —		$       —		$      (2.0)		$      91.3
Asset impairments		$      10.5		$     —		$       —		$       —		$      (0.2)		$       —		$        —		$        —		$       —		$    (10.3)		$         —
Restructuring charges		$        3.2		$     —		$       —		$       —		$        —		$       —		$      (3.2)		$        —		$       —		$         —		$         —
Income (loss) from operations		$    646.3		$    6.8		$       —		$      4.0		$    (38.0)		$      2.7		$       3.2		$      7.4		$      3.1		$     12.3		$    647.8
Other interest expense, net		$    143.6		$     —		$      0.8		$       —		$        —		$       —		$        —		$        —		$       —		$         —		$    144.4
Income (loss) before income taxes		$    436.4		$    6.8		$     (0.8)		$      4.0		$    (38.0)		$      2.7		$       3.2		$       7.4		$      3.1		$     12.3		$    437.1
Less: Provision (benefit) for income taxes		100.7		1.6		(0.2)		0.9		(3.8)		0.6		0.9		1.8		0.7		2.9		106.2
Net income (loss) from continuing operations		335.7		5.2		(0.6)		3.0		(34.2)		2.0		2.3		5.7		2.4		9.4		330.9
Less: Earnings (loss) allocated to participating securities		3.2		—		—		—		(0.3)		—		—		0.1		—		0.1		3.1
Net income (loss) from continuing operations available to diluted common shares		$    332.6		$     5.1		$     (0.6)		$      3.0		$    (33.9)		$      2.0		$       2.3		$       5.6		$       2.4		$       9.3		$    327.8
Diluted earnings (loss) per common share from continuing operations		$    28.03		$   0.43		$   (0.05)		$     0.25		$    (2.86)		$    0.17		$      0.19		$     0.48		$     0.20		$      0.79		$    27.63
Effective tax rate		23.1 %																				24.3 %
F&I PRU (1)		$    1,997																				$    2,018
SG&A as % gross profit (2)		71.0 %																				71.7 %
Operating margin (3)		4.0 %																				4.0 %
Pretax margin (4)		2.7 %																				2.7 %
Same Store F&I net		$    631.9		$     6.8		$       —		$       —		$        —		$       —		$         —		$        —		$        —		$         —		$    638.7
Same Store F&I PRU (1)		$    2,000																				$    2,022
Same Store total gross profit		$ 2,518.1		$     6.8		$       —		$       —		$        —		$       —		$         —		$        —		$        —		$         —		$ 2,524.9
Same Store SG&A expenses		$ 1,813.2		$      —		$       —		$     (4.0)		$        —		$    (2.7)		$         —		$     (7.4)		$     (3.1)		$         —		$ 1,796.0
Same Store SG&A as % gross profit (2)		72.0 %																				71.1 %
Same Store income from operations		$    608.5		$     6.8		$       —		$      4.0		$        —		$      2.7		$         —		$       7.4		$      3.1		$       10.8		$    643.2
Same Store operating margin (3)		3.9 %																				4.1 %

 

		U.S. GAAP		Non-GAAP adjustments		Non-GAAP adjusted
Net income from discontinued operations		$              0.7		$               —		$               0.7
Less: Earnings allocated to participating securities		—		—		—
Net income from discontinued operations available to diluted common shares		$              0.7		$               —		$               0.7
Net income (loss)		$           336.4		$            (4.8)		$           331.6
Less: Earnings (loss) allocated to participating securities		3.2		—		3.1
Net income (loss) available to diluted common shares		$           333.2		$            (4.7)		$           328.5
Diluted earnings per common share from discontinued operations		$             0.06		$               —		$             0.06
Diluted earnings (loss) per common share from continuing operations		28.03		(0.40)		27.63
Diluted earnings (loss) per common share		$            28.09		$           (0.40)		$           27.69

(1) Adjusted F&I PRU excludes the impact of the non-recurring F&I adjustment.

(2) Adjusted SG&A as % of gross profit excludes the impact of SG&A reconciling items above.

(3) Adjusted operating margin excludes the impact of the non-recurring F&I adjustment, SG&A reconciling items, accelerated depreciation expense, asset impairment charges and restructuring charges.

(4) Adjusted pretax margin excludes the impact of the non-recurring F&I adjustment, SG&A reconciling items, accelerated depreciation expense, asset impairment charges, restructuring charges and a non-cash gain on interest rate swaps.

 

Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures — Consolidated
(Unaudited)
(In millions, except per share data)
		Nine Months Ended September 30, 2025
		U.S. GAAP		Catastrophic events		Dealership and real estate transactions		Severance costs		Restructuring charges		Acquisition costs		Legal items and other professional fees		Asset impairments and accelerated depreciation		Non-GAAP adjusted
SG&A expenses		$ 1,918.2		$      (1.2)		$       7.8		$    (1.4)		$          —		$     (6.1)		$       (9.4)		$           —		$  1,907.8
Depreciation and amortization expense		$      89.6		$        —		$        —		$      —		$          —		$       —		$         —		$         (3.0)		$       86.6
Asset impairments		$    124.6		$        —		$        —		$      —		$          —		$       —		$         —		$     (124.6)		$          —
Restructuring charges		$      20.3		$        —		$        —		$      —		$      (20.3)		$       —		$         —		$           —		$          —
Income (loss) from operations		$    594.7		$       1.2		$      (7.8)		$     1.4		$       20.3		$      6.1		$        9.4		$      127.6		$     753.0
Income (loss) before income taxes		$    387.5		$       1.2		$      (7.8)		$     1.4		$       20.3		$      6.1		$        9.4		$      127.6		$     545.9
Less: Provision (benefit) for income taxes		106.8		0.3		(1.3)		0.1		4.0		1.2		2.3		13.1		126.4
Net income (loss) from continuing operations		280.7		0.9		(6.4)		1.3		16.3		4.9		7.2		114.5		419.5
Less: Earnings (loss) allocated to participating securities		3.2		—		(0.1)		—		0.2		0.1		0.1		1.3		4.8
Net income (loss) from continuing operations available to diluted common shares		$    277.5		$        0.9		$      (6.3)		$     1.3		$       16.1		$       4.8		$        7.1		$      113.2		$     414.7
Diluted earnings (loss) per common share from continuing operations		$    21.50		$      0.07		$     (0.49)		$    0.10		$       1.25		$     0.37		$      0.55		$       8.77		$     32.13
Effective tax rate		27.6 %																23.2 %
SG&A as % gross profit (1)		69.8 %																69.4 %
Operating margin (2)		3.5 %																4.4 %
Pretax margin (3)		2.3 %																3.2 %
Same Store SG&A expenses		$ 1,812.9		$      (1.2)		$         —		$      (1.4)		$         —		$     (6.1)		$       (9.4)		$          —		$  1,794.8
Same Store SG&A as % gross profit (1)		69.2 %																68.5 %
Same Store income from operations		$    720.0		$       1.2		$         —		$       1.4		$         —		$      6.1		$        9.4		$         6.0		$     744.1
Same Store operating margin (2)		4.5 %																4.6 %

 

		U.S. GAAP		Non-GAAP adjustments		Non-GAAP adjusted
Net income from discontinued operations		$             0.9		$              —		$             0.9
Less: Earnings allocated to participating securities		—		—		—
Net income from discontinued operations available to diluted common shares		$             0.8		$              —		$             0.8
Net income		$         281.6		$         138.8		$         420.3
Less: Earnings allocated to participating securities		3.2		1.6		4.8
Net income available to diluted common shares		$         278.4		$         137.2		$         415.5
Diluted earnings per common share from discontinued operations		$           0.07		$              —		$          0.07
Diluted earnings per common share from continuing operations		21.50		10.63		32.13
Diluted earnings per common share		$         21.57		$         10.63		$         32.20

(1) Adjusted SG&A as % of gross profit excludes the impact of SG&A reconciling items above.

(2) Adjusted operating margin excludes the impact of SG&A reconciling items, accelerated depreciation expense, asset impairment charges and restructuring charges.

(3) Adjusted pretax margin excludes the impact of SG&A reconciling items, accelerated depreciation expense, asset impairment charges and restructuring charges.

 

Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures — U.S.
(Unaudited)
(In millions, except unit data)
		Three Months Ended September 30, 2026
		U.S. GAAP		Catastrophic events		Dealership and real estate transactions		Acquisition costs		Legal items and other professional fees		Non-GAAP adjusted
SG&A expenses		$    452.1		$        (0.5)		$         1.7		$        (7.1)		$        (1.1)		$    445.2
SG&A as % gross profit (1)		68.7 %										67.7 %
Same Store SG&A expenses		$    443.8		$        (0.5)		$          —		$        (7.1)		$        (1.1)		$    435.1
Same Store SG&A as % gross profit (1)		68.9 %										67.5 %

 

		Three Months Ended September 30, 2025
		U.S. GAAP		Catastrophic events		Severance costs		Acquisition costs		Legal items and other professional fees		Non-GAAP adjusted
SG&A expenses		$    481.2		$         0.2		$        (0.4)		$        (4.3)		$        (6.0)		$    470.7
SG&A as % gross profit (1)		67.3 %										65.8 %
Same Store SG&A expenses		$    459.7		$         0.2		$        (0.4)		$        (4.3)		$        (6.0)		$    449.2
Same Store SG&A as % gross profit (1)		66.8 %										65.2 %

 

		Nine Months Ended September 30, 2026
		U.S. GAAP		Non- recurring F&I adjustment		Catastrophic events		Dealership and real estate transactions		Severance costs		Acquisition costs		Legal items and other professional fees		Non- GAAP adjusted
F&I, net		$        532.4		$       6.8		$         —		$          —		$       —		$         —		$         —		$         539.2
F&I PRU (2)		$        2,437														$         2,468
Total gross profit		$     1,963.4		$       6.8		$         —		$          —		$       —		$         —		$         —		$      1,970.2
SG&A expenses		$     1,314.7		$        —		$       (4.0)		$       45.9		$     (1.9)		$       (7.4)		$       (3.1)		$      1,344.0
SG&A as % gross profit (1)		67.0 %														68.2 %
Same Store F&I, net		$        517.6		$       6.8		$         —		$          —		$       —		$         —		$         —		$         524.4
Same Store F&I PRU (2)		$        2,441														$         2,473
Same Store total gross profit		$     1,901.3		$       6.8		$         —		$          —		$       —		$         —		$         —		$      1,908.1
Same Store SG&A expenses		$     1,314.1		$        —		$       (4.0)		$          —		$     (1.9)		$       (7.4)		$       (3.1)		$      1,297.6
Same Store SG&A as % gross profit (1)		69.1 %														68.0 %

 

		Nine Months Ended September 30, 2025
		U.S. GAAP		Catastrophic events		Dealership and real estate transactions		Severance costs		Acquisition costs		Legal items and other professional fees		Non-GAAP adjusted
SG&A expenses		$          1,400.2		$        (1.2)		$         7.1		$     (1.4)		$       (5.1)		$       (9.4)		$          1,390.1
SG&A as % gross profit (1)		66.1 %												65.6 %
Same Store SG&A expenses		$          1,344.2		$        (1.2)		$         —		$     (1.4)		$       (5.1)		$       (9.4)		$          1,327.0
Same Store SG&A as % gross profit (1)		65.9 %												65.0 %

(1) Adjusted SG&A as % of gross profit excludes the impact of SG&A reconciling items above.

(2) Adjusted F&I PRU excludes the impact of the non-recurring F&I adjustment.

 

Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures — U.K.
(Unaudited)
(In millions)
		Three Months Ended September 30, 2026
		U.S. GAAP		Dealership and real estate transactions		Non-GAAP adjusted
SG&A expenses		$           166.0		$             (0.7)		$                 165.3
SG&A as % gross profit (1)		84.2 %				83.9 %
		Three Months Ended September 30, 2025
		U.S. GAAP		Dealership and real estate transactions		Non-GAAP adjusted
SG&A expenses		$          173.7		$              0.6		$                 174.3
SG&A as % gross profit (1)		84.9 %				85.2 %
		Nine Months Ended September 30, 2026
		U.S. GAAP		Dealership and real estate transactions		Severance costs		Non-GAAP adjusted
SG&A expenses		$          527.6		$             (7.7)		$              (0.7)		$          519.2
SG&A as % gross profit (1)		83.8 %						82.4 %
Same Store SG&A expenses		$          499.1		$               —		$              (0.7)		$          498.4
Same Store SG&A as % gross profit (1)		80.9 %						80.8 %
		Nine Months Ended September 30, 2025
		U.S. GAAP		Dealership and real estate transactions		Acquisition costs		Non-GAAP adjusted
SG&A expenses		$          518.1		$              0.6		$              (1.0)		$          517.7
SG&A as % gross profit (1)		82.4 %						82.3 %
Same Store SG&A expenses		$          468.7		$               —		$              (1.0)		$          467.7
Same Store SG&A as % gross profit (1)		80.8 %						80.6 %

(1) Adjusted SG&A as % of gross profit excludes the impact of SG&A reconciling items above.

 

View original content:https://www.prnewswire.com/news-releases/group-1-automotive-reports-third-quarter-2026-financial-results-302921394.html

SOURCE Group 1 Automotive, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Group 1 Automotive's third-quarter 2026 earnings?

Group 1 reported continuing-operations diluted earnings per share of $8.59, compared with $1.02 a year earlier. Adjusted continuing-operations diluted earnings per share, a non-GAAP measure, were $9.36 versus $10.45. Revenue declined 6.7% to $5.4 billion.

When did Group 1 Automotive complete the Hennessy acquisition?

Group 1 completed the Hennessy acquisition on October 19, 2026. The purchase added 10 dealerships with expected annual revenues of approximately $1.7 billion and expanded its Atlanta presence to 15 dealerships.

Will Group 1 Automotive keep its remaining U.K. Jaguar Land Rover dealerships?

Group 1 will retain and operate the five remaining JLR dealerships it had previously elected to terminate. An agreement with Jaguar Land Rover revoked its previous election to terminate 10 franchise agreements, which would have taken effect in August 2027.

Which new U.K. dealership openings does Group 1 Automotive expect by December 2026?

Group 1 expects its third planned Geely location and an Omoda & Jaecoo location to open by December 2026. Two of the three planned Geely locations have already opened, and the Omoda & Jaecoo location follows an agreement with Chery reached after the quarter.