$GPI

GROUP 1 AUTOMOTIVE INC (GPI) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. gpi-20260810 0001031203 false 0001031203 2026-08-10 2026-08-10 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported):

Group 1 Automotive appointed former Ulta Beauty CEO David Kimbell to its board, expanding it to 10 directors. He will sit on the audit committee. Separately, Penske Automotive Group said its special committee retained Moelis & Company and Paul Weiss as advisors to review an unsolicited, non-binding proposal by Penske Corp and Mitsui to buy remaining shares.

Group 1 Automotive (NYSE: GPI) appointed David C. Kimbell to its board effective Aug. 10, 2026. He will sit on the Audit Committee. The board size rose from nine to ten. Kimbell previously served as CEO of Ulta Beauty, where revenue grew from $6.2B in 2020 to $11.3B in 2023, according to Ulta.

Morgan Stanley downgraded Group 1 Automotive, Inc. to Equal Weight from Overweight, according to the report. The change affects the stock’s analyst stance and may influence investor positioning in G1’s shares.

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.