Group 1 Automotive, Inc. reports news on its automotive retail operations in the United States and the United Kingdom. The company operates a dealership, franchise and collision-center network that sells new and used cars and light trucks, arranges vehicle financing, sells service and insurance contracts, provides maintenance and repair services, and sells vehicle parts through dealerships and an omni-channel platform.
Recurring developments include quarterly and annual operating results, same-store trends in new vehicles, used vehicles, parts and service, and finance and insurance activity. Company updates also cover dealership acquisitions and dispositions, portfolio management, board-approved dividends, share repurchase authorizations, and capital allocation across its U.S. and U.K. store base.
Group 1 Automotive (NYSE:GPI), a Houston-based automotive retailer with operations in the U.S. and U.K., announced it has been named to TIME's America's Best Companies 2026 list, ranking No. 439 among 1,000 top-performing U.S. companies recognized nationwide.
The ranking, produced by TIME and Statista, evaluates firms using approximately 217,000 verified employee surveys covering satisfaction and culture, multi-year revenue and profitability data for financial performance, and standardized ESG metrics for sustainability. Group 1 operates 251 dealerships, 312 franchises, and 32 collision centers offering 37 automotive brands.
Group 1 Automotive (NYSE: GPI) reported second quarter 2026 revenues of $5.4 billion, down 5.6% year over year, and net income from continuing operations of $103.0 million versus $139.8 million. Diluted EPS from continuing operations was $8.62, with adjusted diluted EPS (non-GAAP) of $9.61, compared to $10.77 and $11.52, respectively, in the prior-year quarter.
Total gross profit fell 8.0% to $860.6 million, as new and used retail unit volumes declined 4.4% and 11.2%, and F&I revenues decreased 8.8%. Consolidated SG&A rose to 72.4% of gross profit, while adjusted SG&A was 70.8%.
According to Group 1 Automotive, it separately agreed to acquire 10 Hennessy dealerships in Atlanta, expected to add about $1.7 billion in annual revenues by year-end 2026, subject to approvals. The company also retained two Atlanta dealerships expected to contribute $205 million in annual revenues, executed U.K. dealership disposals totaling $900 million in annualized revenues year to date, and reduced total debt 9.1% to $3.36 billion while increasing cash to $164.5 million.
Group 1 Automotive (NYSE:GPI) signed a definitive agreement to acquire the dealership assets and real estate of Hennessy Automobile Companies in the Atlanta metropolitan area. The deal covers 10 dealerships with key luxury and import brands such as Lexus, Jaguar/Land Rover and Porsche, plus facilities with 500 service bays and approximately 280 technicians.
The Hennessy acquisition is valued at about $1.3 billion, including blue sky, real estate and operating assets, and is expected to add roughly $1.7 billion in annualized revenue and be immediately accretive to EPS upon closing. Together with recent Stone Mountain Honda and Toyota acquisitions, Group 1’s Atlanta footprint will increase from three to 15 dealerships, making Atlanta its second-largest market by revenue and its ninth U.S. market with at least five stores. The transaction will be financed with new debt backed by a bridge commitment and is expected to close by year-end 2026, subject to regulatory, OEM and customary approvals.
Group 1 Automotive (NYSE:GPI) announced it will release financial results for the second quarter ended June 30, 2026 on Thursday, July 30, 2026, before the market opens. President and CEO Daryl Kenningham and senior management will discuss the results on a conference call at 10:00 a.m. ET that same day.
The call will be webcast at www.group1corp.com/events, with a replay available for 30 days and an accompanying presentation at the company’s website. Live dial-in numbers are 1-888-317-6003 (domestic) and 1-412-317-6061 (international), passcode 7253681. A telephonic replay can be accessed through August 6, 2026 at 1-855-669-9658 (domestic) or 1-412-317-0088 (international), replay code 3264764.
Group 1 Automotive (NYSE:GPI) continued its nationwide brand alignment by rebranding the former Sterling McCall Collision Center of Houston to Group 1 Collision Houston, effective January 19, 2026. The change unifies naming across U.S. locations while keeping ownership, staffing, repair capabilities, and daily operations the same.
The southwest Houston facility at 6445 Southwest Freeway continues serving southwest Houston, Bellaire, Sugar Land, and nearby communities. Customers retain their local repair team while gaining a clearer link to Group 1’s broader U.S. retail network, including 32 collision centers and 250 dealerships offering 37 vehicle brands.
Group 1 Automotive (NYSE:GPI) is advancing its nationwide brand alignment by highlighting Group 1 Ford of Southwest Houston, the former Sterling McCall Ford location renamed on November 3, 2025. The rebrand keeps ownership, staff, services, and operations unchanged while more clearly linking the store to Group 1's national dealership network.
Group 1 Automotive (NYSE:GPI) is advancing its nationwide brand alignment by highlighting Group 1 Hyundai Southwest Houston, formerly Sterling McCall Hyundai. The rebranded store has operated under its new name since October 8, 2025, with no change in ownership, staffing, product offerings, or day-to-day operations.
The location connects long-standing local Hyundai sales and service with Group 1’s broader U.S. network, aiming for a clearer, more consistent customer experience while maintaining existing relationships in southwest Houston and surrounding communities.
Group 1 Automotive (NYSE:GPI) is advancing its nationwide brand alignment by highlighting Lexus Southwest Houston, formerly Sterling McCall Lexus, which adopted its new name on November 3, 2025. The rebrand aligns with Lexus naming standards and Group 1’s unified branding while keeping ownership, staff, offerings, and daily operations unchanged.
The dealership at 10025 Southwest Freeway continues serving southwest Houston, Bellaire, Sugar Land, and nearby communities with new and pre-owned Lexus vehicles, service, parts, and maintenance. As part of Group 1’s network of 250 dealerships representing 37 brands, customers gain a clearer link to Group 1’s scale, resources, technology, and operational standards.
Group 1 Automotive (NYSE:GPI) continued its nationwide brand alignment by rebranding Sterling McCall Toyota to Group 1 Toyota Southwest Houston effective January 5, 2026. The dealership keeps the same ownership, staff, location, and Toyota offerings while more clearly linking to Group 1’s 250-dealership, 37-brand U.S. network.
Group 1 Automotive (NYSE:GPI) promoted Bob Andersen to Vice President, Corporate Development & Pre-Owned Operations, expanding his role beyond pre-owned to lead U.S. acquisitions and dispositions.
Andersen will head a multidisciplinary transactions and real estate team, supporting Group 1's acquisition-driven growth strategy and long-term value creation after revenue increased from $5.4B in 2004 to $22.6B.