Quarterly ResultJul 30, 2026, 03:21 PM
Group 1 Automotive Q2 Net Income $103.3M; Announces $1.3B Acquisition
AI Summary
Group 1 Automotive reported Q2 2026 net income of $103.3 million on total revenues of $5.385 billion, down from $140.5 million and $5.703 billion respectively in Q2 2025. Diluted EPS for the quarter was $8.64, compared to $10.82 in the prior year. The company also announced an agreement to acquire 10 dealerships and a collision center in Atlanta for approximately $1.3 billion, expected to close by year-end 2026. During the first half of 2026, the company acquired seven dealerships and divested eight, while continuing its U.K. restructuring plan.
Key Highlights
- Announced agreement to acquire 10 dealerships and a collision center for $1.3 billion.
- Q2 2026 Net Income was $103.3 million, down from $140.5 million in Q2 2025.
- Q2 2026 Total Revenues were $5.385 billion, down from $5.703 billion in Q2 2025.
- Q2 2026 Diluted EPS was $8.64, compared to $10.82 in Q2 2025.
- Acquired 4 U.S. and 3 U.K. dealerships for $219.6 million in H1 2026.
- Divested 2 U.S. and 6 U.K. dealerships, with a net pre-tax gain of $37 million in H1 2026.
- Net cash provided by operating activities was $155.0 million in H1 2026, down from $410.3 million.
- U.K. restructuring plan incurred $3.6 million in charges during H1 2026.
Price Impact
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