| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 5.4K | 0.2% | 6.7% |
| Total Income | 5.4K | 0.2% | 6.7% |
| Expenditure | 5.2K | 0.3% | 8.4% |
| PBT | 131.50 | 2.2% | 263.3% |
| Net Profit | 102.90 | 0.4% | 691.5% |
| OPM | 3.72% | 0.05pp | 1.85pp |
| NPM | 1.91% | 0.01pp | 1.68pp |
| EPS | 8.61 | 0.6% | 761.0% |
Group 1 Automotive Reports Q3 2026 Financial Results
28 Oct 2026 · 28 Oct, 4:01 pm
Summary
Group 1 Automotive reported third quarter 2026 financial results, with total revenues of $5.4 billion, a decrease from $5.8 billion in the prior-year quarter. Net income from continuing operations significantly increased to $102.9 million from $13.1 million year-over-year. The company highlighted the completion of the Hennessy acquisition and progress on its disposition plan to reduce leverage. Management noted improved year-over-year growth rates across key same-store operating metrics in the U.S., despite challenging market conditions.
Key Highlights
- 1
Group 1 Automotive reported third quarter 2026 diluted earnings per common share from continuing operations of $8.59 and adjusted diluted earnings per common share from continuing operations of $9.36.
- 2
The company recently completed the purchase of 10 high volume and high margin dealerships from Hennessy Automobile Companies, expanding its presence in the Atlanta market.
- 3
A disposition plan supporting the strategy to reduce leverage is on track, with approximately $360 million in proceeds expected from U.S. dispositions.
- 4
All-time record customer pay revenues and repair order count were achieved in the U.S. during the third quarter.
- 5
Total revenues for the current quarter were $5.4 billion, compared to $5.8 billion for the third quarter of 2025.
- 6
Net income from continuing operations was $102.9 million, compared to $13.1 million for the prior-year quarter.
Management Comments
Daryl Kenningham
We’re pleased to have closed the Hennessy acquisition and grateful to the Hennessy family for 62 years of excellent stewardship. This acquisition aligns with our strategy to focus on high-revenue, premium brand stores in growing markets where we have a strong local presence. We have been deliberately reshaping our portfolio into larger, more profitable stores and seeing good progress selling stores that don’t fit our strategy. Proceeds from these sales will support our commitment to reduce our leverage. Our focus on operating execution was evident in the third quarter. Year-over-year growth rates improved across key same store operating metrics compared to the second quarter, despite challenging market conditions. Importantly, in the U.S. we grew same-store customer pay revenue and repair orders 3% and 4% year-over-year, respectively, and continued to benefit from the cost-cutting actions we took earlier this year.
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