Earnings Releases·Oct 28, 2026, 6:30 AM ET

Group 1 Automotive — Third Quarter 2026 Earnings Summary

Total revenues declined 6.7% year-over-year to $5.4 billion, while net income from continuing operations surged to $102.9 million from $13.1 million in the prior-year quarter, though adjusted net income fell to $112.1 million from $135.1 million.
The company executed a strategic portfolio reshaping, completing the acquisition of 10 Hennessy dealerships in the U.S. and disposing of U.S. dealerships for approximately $235 million since quarter-end, with additional dispositions under agreement expected to yield $125 million.
Future growth is targeted through the planned opening of a third Geely location and a new Chery Omoda & Jaecoo location in the U.K. by December 2026, alongside a focus on reducing leverage via asset dispositions.
Balance sheet strength improved significantly with cash and cash equivalents rising to $881.5 million as of September 30, 2026, compared to $32.5 million at year-end 2025, while total debt increased to $3,886.2 million.
No share repurchases were made during the current quarter, though $306.3 million remains available under the Board-authorized program, with future buybacks contingent on market conditions and legal requirements.