Quarterly ResultOct 28, 2026, 06:31 AM
Group 1 Automotive Q3 EPS Soars to $8.59; Acquires Hennessy Dealerships
AI Summary
Group 1 Automotive, Inc. reported strong third quarter 2026 financial results, with diluted earnings per share from continuing operations significantly increasing to $8.59 from $1.02 in the prior-year quarter. Total revenues decreased by 6.7% to $5.4 billion. The company highlighted the completion of the Hennessy Automobile Companies acquisition, adding 10 dealerships and approximately $1.7 billion in expected annual revenues, and progress on its disposition strategy, generating substantial proceeds. Key operational improvements were noted in U.S. parts and service revenues and U.K. new vehicle sales.
Key Highlights
- Group 1 Automotive reported Q3 2026 diluted EPS of $8.59, up from $1.02 in Q3 2025.
- Total revenues for Q3 2026 were $5.4 billion, a decrease of 6.7% year-over-year.
- Completed the acquisition of 10 dealerships from Hennessy Automobile Companies for approximately $1.7 billion in expected annual revenues.
- Completed U.S. dispositions generating approximately $235 million in proceeds, with an additional $125 million expected.
- U.S. parts and service customer pay revenues increased 3.2% on a same-store basis.
- U.K. new vehicle retail units sold increased 8.1% on a same-store basis.
- Company had $306.3 million remaining under its Board authorized share repurchase program as of September 30, 2026.
Price Impact
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