Group 1 Automotive Appoints Dave Kimbell to Board of Directors

Group 1 Automotive (GPI) reported Q1 2026 revenues of $5.4 billion, down 1.8%, with adjusted diluted EPS of $8.66 versus $10.17 a year earlier. Management cited U.S. weather ($7 million gross profit headwind) and macro affordability pressures. The company targets $50 million annual U.S. cost savings via a 700-employee reduction, and repurchased $72.4 million of shares.

Group 1 Automotive reported Q2 2026 earnings call updates on cost actions and margins. Management said it cut 700 employees and eliminated about $15m in vendor contracts, targeting $50m annualized savings and improved U.S. SG&A leverage. After-sales and U.K. after-sales gross profit rose, while it discussed a Geely framework for U.K. Chinese OEM entry and negotiations to exit some JLR operations.

Atlanta auto giant Hennessy sold in deal valued at $1.3 billion One of Atlanta’s largest luxury auto groups, Hennessy Automobile Companies, has struck a deal to sell its dealerships and real estate assets to a Houston-based group rapidly expanding in the region. Valued at $1.3 billion, the deal includes 10 dealerships representing luxury brands such as Porsche and Lexus, as well as facilities containing 500 service bays staffed by about 280 technicians, according to a news release.

Thursday, April 30, 2026 at 10:00 a.m. ET CALL PARTICIPANTS Senior Vice President, Manufacturer Relations and Financial Services - Peter DeLongchamps President and Chief Executive Officer - Daryl Kenningham Senior Vice President and Chief Financial Officer - Daniel McHenry TAKEAWAYS Total Revenues -- $5.4 billion, representing a 1.8% decline due to volume and margin pressure in the U.S. market.

Group 1 Automotive will acquire the dealership assets and real estate of Hennessy Automobile Companies in Atlanta, expanding its presence from 3 to 15 stores. The deal is valued at about $1.3 billion and will be financed with new debt backed by a bridge commitment. Group 1 expects about $1.7 billion in annualized revenue and EPS accretion, subject to approvals and closing by year-end.

Group 1 Automotive (GPI) reported Q2 net income of $103.3 million, down from $140.5 million a year earlier. EPS from continuing operations fell to $8.62 from $10.77, and revenues declined 5.6% to $5.3851 billion. The company agreed to buy Hennessy Automobile dealership assets and real estate, targeting about $1.7 billion annualized revenue, financed with new debt, closing by year-end 2026.