GROUP 1 AUTOMOTIVE INC

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.