GROUP 1 AUTOMOTIVE INC

Group 1 Automotive announced that its Board of Directors declared a quarterly cash dividend of $0.55 per share, payable on September 15, 2026, to stockholders of record as of September 1, 2026. This dividend is consistent with the company's previously announced 10% increase in its annualized dividend rate. Additionally, the company appointed David C. Kimbell to its Board of Directors, expanding the board to ten members, and he will serve on the Audit Committee.

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.

Group 1 Automotive announced a definitive agreement to acquire Hennessy Automobile Companies for approximately $1.3 billion, significantly expanding its presence in the Atlanta market. This acquisition, along with two other recent dealership purchases, is expected to add $1.7 billion in annualized revenues and be immediately accretive to earnings per share. Concurrently, the company reported Q2 2026 financial results, with total revenues decreasing 5.6% to $5.4 billion and diluted earnings per share from continuing operations falling 20.0% to $8.62, reflecting consumer affordability issues.

Group 1 Automotive, Inc. announced it will release its financial results for the second quarter ended June 30, 2026, on Thursday, July 30, 2026, before the market opens. Following the release, the company will host a conference call at 10:00 a.m. ET to discuss the results. The call will feature President and CEO Daryl Kenningham and other senior management.

Group 1 Automotive, Inc. announced the appointment of Daniel McHenry as President and Chief Executive Officer of its UK business, effective May 19, 2026. McHenry, who previously served as the company's CFO, will continue in his CFO role while taking on the leadership of the UK operations. He replaces Mark Raban, who is leaving the company after two years in the position. The company highlighted McHenry's proven leadership and experience, framing the appointment as a reflection of its commitment to talent development and succession planning.

Group 1 Automotive, Inc. declared a quarterly cash dividend of $0.55 per share, payable on June 15, 2026, to stockholders of record as of June 1, 2026. This dividend aligns with the previously announced 10% increase in the annualized dividend rate to $2.20 per share for 2026. Additionally, at the Annual Meeting, stockholders approved an amendment to the Company's Certificate of Incorporation, enabling stockholders holding at least 25% of outstanding common stock to call a special meeting. Stockholders also elected nine director nominees, approved executive compensation, and ratified Deloitte & Touche LLP as the independent auditor.

Group 1 Automotive Inc. reported a slight revenue decrease to $5,407.1 million in Q1 2026, down 1.78% year-over-year, but net income increased by 1.64% to $130.2 million, resulting in a diluted EPS of $10.85, up 12.20%. The company recorded a significant pre-tax gain of $44.2 million from the disposition of two U.S. dealerships and continued its U.K. restructuring plan.

Group 1 Automotive reported Q1 2026 diluted EPS of $10.82, an increase of 12.2% year-over-year, while total revenues decreased by 1.8% to $5.4 billion. Adjusted diluted EPS was $8.66, down from $10.17 in the prior-year quarter. The company achieved record quarterly U.K. gross profits of $230.6 million and repurchased $72.4 million of common shares. Strategic actions included acquiring three U.K. dealerships, divesting four others, and partnering with Geely to expand its U.K. network.

Group 1 Automotive, Inc. (NYSE: GPI), a Fortune 250 automotive retailer, has announced its plan to release financial results for the first quarter ended March 31, 2026, on Thursday, April 30, 2026, before the market opens. Following the release, the company will host a conference call at 10:00 a.m. ET on the same day to discuss the results. This routine announcement provides investors with the timeline for upcoming insights into the operational and financial performance of the company, which operates 253 dealerships across the U.S. and U.K.