Group 1 Automotive Reports First Quarter 2026 Financial Results

About this update from Group 1 Automotive, Inc.

[{"type":"list","items":[{"val":[{"type":"text","content":"Current quarter diluted earnings per common share from continuing operations of $10.82 and current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) of $8.66","length":206,"tagName":"p"}]},{"val":[{"type":"text","content":"Record quarterly U.K. gross profits of $230.6 million, a 6.3% increase over the comparable prior year quarter, driven by double digit same store parts and service and F&I growth.","length":182,"tagName":"p"}]},{"val":[{"type":"text","content":"Repurchased approximately 1.7% of the Company's outstanding common shares in first quarter of 2026","length":102,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":490,"olType":false},{"type":"text","content":"HOUSTON, April 30, 2026 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 253 dealerships located in the U.S. and U.K., today reported financial results for the first quarter of 2026 ("current quarter").","length":315,"tagName":"p"},{"type":"text","content":""The U.K. performed well in the first quarter of 2026," said Daryl Kenningham, Group 1's President and Chief Executive Officer. "Our U.K. business generated record revenues across nearly all major business lines and achieved record gross profit in used vehicles and parts and service. In the U.S., we saw a key bright spot in aftersales, with parts and service gross margin reaching a new quarterly high. Parts and service continues to be a key differentiator for us and our strength during this quarter is a testament to our relentless focus on operational excellence."","length":594,"tagName":"p"},{"type":"text","content":""The broader macro environment remains dynamic and challenging, with persistently high interest rates and elevated vehicle and gasoline prices weighing on affordability. To address these challenges, we have initiated several cost actions in the U.S. and U.K., including staffing reductions and discretionary expense reductions across our business."","length":363,"tagName":"p"},{"type":"text","content":"Reconciliations for financial results, non-GAAP metrics and diluted earnings per common share between continuing and discontinued operations are included...

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