Group 1 Automotive Inc 8-K, filed Oct 28, 2026

Group 1 Automotive Inc (GPI)

8-K 2026-10-28 For: 2026-10-28

Added on October 28, 2026

About this 8-K

Group 1 Automotive Inc filed this 8-K on October 28, 2026.

Group 1 Automotive, Inc. reported third-quarter 2026 diluted EPS from continuing operations of $8.59, completed the Hennessy acquisition, and generated approximately $235 million from U.S. dispositions, with approximately $125 million expected from additional dispositions. AI summary

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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Third Quarter 2026 Key Performance Metrics (year-over-year comparable period basis)	Consolidated		Same Store (a non-GAAP measure)
Reported:	3Q26	Change	3Q26	Change
Total revenues	$5.4B	(6.7)%	$5.3B	(2.8)%
Total gross profit (“GP”)	$854.8M	(7.1)%	$837.6M	(4.1)%

NV units sold	55,259	(3.5)%	53,933	(1.2)%
NV GP per retail unit (“PRU”)	$3,074	(5.4)%	$3,088	(4.4)%

Used vehicle (“UV”) retail units sold	53,343	(10.5)%	52,272	(8.5)%
UV retail GP PRU	$1,497	+4.5%	$1,506	+5.0%
Parts & service (“P&S”) GP	$392.0M	(3.8)%	$383.1M	+0.1%
P&S Gross Margin (“GM”)	55.9%	+0.4%	55.8%	(1.0)%
Finance and Insurance (“F&I”) revenues	$215.8M	(10.4)%	$211.4M	(8.9)%
F&I GP PRU	$1,987	(3.6)%	$1,991	(4.1)%

Selling, General and Administrative (“SG&A”) expenses as a % of GP	72.3%	+112 bps	72.1%	+194 bps
Adjusted SG&A expenses (a non-GAAP measure) as a % of GP	71.4%	+129 bps	71.1%	+210 bps


Group 1 Automotive, Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
(In millions, except per share data)

	Three Months Ended September 30,
	2026			2025			Increase/(Decrease)			% Change
REVENUES:
New vehicle retail sales	$	2,665.1		$	2,807.4		$	(142.2)		(5.1)	%
Used vehicle retail sales	1,691.1			1,852.1			(161.1)			(8.7)	%
Used vehicle wholesale sales	124.0			148.4			(24.4)			(16.5)	%
Parts and service sales	700.7			733.9			(33.3)			(4.5)	%
Finance, insurance and other, net	215.8			240.9			(25.0)			(10.4)	%
Total revenues	5,396.7			5,782.7			(386.0)			(6.7)	%
COST OF SALES:
New vehicle retail sales	2,495.3			2,621.3			(126.0)			(4.8)	%
Used vehicle retail sales	1,611.2			1,766.8			(155.6)			(8.8)	%
Used vehicle wholesale sales	126.7			148.7			(21.9)			(14.8)	%
Parts and service sales	308.7			326.3			(17.6)			(5.4)	%
Total cost of sales	4,541.9			4,863.0			(321.1)			(6.6)	%
GROSS PROFIT	854.8			919.7			(64.9)			(7.1)	%
Selling, general and administrative expenses	618.2			654.9			(36.7)			(5.6)	%
Depreciation and amortization expense	31.2			31.6			(0.4)			(1.1)	%
Asset impairments	7.0			123.9			(116.9)			(94.4)	%
Restructuring charges	0.1			1.6			(1.5)			(96.7)	%
Other operating income	(2.3)			—			(2.3)			(100.0)	%
INCOME FROM OPERATIONS	200.7			107.8			92.8			86.1	%
Floorplan interest expense	21.0			23.7			(2.7)			(11.2)	%
Other interest expense, net	48.1			48.0			0.2			0.3	%


INCOME BEFORE INCOME TAXES	131.5			36.2			95.3			263.4	%
Provision for income taxes	28.7			23.0			5.6			24.4	%
Net income from continuing operations	102.9			13.1			89.7			682.8	%
Net income (loss) from discontinued operations	—			(0.2)			0.2			108.3	%
NET INCOME	$	102.9		$	13.0		$	89.9		693.7	%
Less: Earnings allocated to participating securities	0.9			0.1			0.8			547.2	%
Net income available to diluted common shares	$	102.0		$	12.8		$	89.2		695.3	%
Diluted earnings per share from continuing operations	$	8.59		$	1.02		$	7.57		745.1	%
Diluted earnings (loss) per share from discontinued operations	$	—		$	(0.01)		$	0.02		109.0	%
DILUTED EARNINGS PER SHARE	$	8.59		$	1.00		$	7.59		756.9	%
Weighted average dilutive common shares outstanding	11.9			12.8			(0.9)			(7.2)	%
Weighted average participating securities	0.1			0.1			—			(25.1)	%
Total weighted average shares	12.0			12.9			(1.0)			(7.4)	%
Effective tax rate on continuing operations	21.8		%	63.7		%	(41.9)		%


Group 1 Automotive, Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
(In millions, except per share data)

	Nine Months Ended September 30,
	2026			2025			Increase/(Decrease)			% Change
REVENUES:
New vehicle retail sales	$	7,833.6		$	8,222.8		$	(389.2)		(4.7)	%
Used vehicle retail sales	5,184.3			5,455.7			(271.5)			(5.0)	%
Used vehicle wholesale sales	424.9			463.8			(38.8)			(8.4)	%
Parts and service sales	2,097.5			2,144.4			(46.9)			(2.2)	%
Finance, insurance and other, net	648.5			704.8			(56.3)			(8.0)	%
Total revenues	16,188.8			16,991.5			(802.7)			(4.7)	%
COST OF SALES:
New vehicle retail sales	7,317.5			7,648.7			(331.2)			(4.3)	%
Used vehicle retail sales	4,934.8			5,180.4			(245.7)			(4.7)	%
Used vehicle wholesale sales	426.9			462.0			(35.1)			(7.6)	%
Parts and service sales	916.5			953.0			(36.5)			(3.8)	%
Total cost of sales	13,595.6			14,244.1			(648.5)			(4.6)	%
GROSS PROFIT	2,593.2			2,747.4			(154.2)			(5.6)	%
Selling, general and administrative expenses	1,842.2			1,918.2			(76.0)			(4.0)	%
Depreciation and amortization expense	93.3			89.6			3.7			4.1	%
Asset impairments	10.5			124.6			(114.1)			(91.6)	%
Restructuring charges	3.2			20.3			(17.1)			(84.3)	%
Other operating income	(2.3)			—			(2.3)			(100.0)	%
INCOME FROM OPERATIONS	646.3			594.7			51.6			8.7	%
Floorplan interest expense	66.3			77.0			(10.7)			(13.9)	%
Other interest expense, net	143.6			130.4			13.2			10.1	%
Other income	—			(0.2)			0.2			(99.8)	%

INCOME BEFORE INCOME TAXES	436.4			387.5			48.8			12.6	%
Provision for income taxes	100.7			106.8			(6.2)			(5.8)	%
Net income from continuing operations	335.7			280.7			55.0			19.6	%
Net income from discontinued operations	0.7			0.9			(0.2)			(20.8)	%
NET INCOME	$	336.4		$	281.6		$	54.8		19.5	%
Less: Earnings allocated to participating securities	3.2			3.2			(0.1)			(1.8)	%
Net income available to diluted common shares	$	333.2		$	278.4		$	54.9		19.7	%
Diluted earnings per share from continuing operations	$	28.03		$	21.50		$	6.53		30.3	%
Diluted earnings per share from discontinued operations	$	0.06		$	0.07		$	(0.01)		(13.6)	%
DILUTED EARNINGS PER SHARE	$	28.09		$	21.57		$	6.52		30.2	%
Weighted average dilutive common shares outstanding	11.9			12.9			(1.0)			(8.1)	%
Weighted average participating securities	0.1			0.1			—			(24.7)	%
Total weighted average shares	12.0			13.1			(1.1)			(8.3)	%
Effective tax rate on continuing operations	23.1		%	27.6		%	(4.5)		%


Group 1 Automotive, Inc.
Additional Information — Consolidated
(Unaudited)

	September 30, 2026		December 31, 2025		Increase/(Decrease)		% Change
SELECTED BALANCE SHEET INFORMATION:
(In millions)
Cash and cash equivalents	$	881.5	$	32.5	$	849.0	2,613.5	%
Inventories, net	$	2,573.5	$	2,741.3	$	(167.8)	(6.1)	%
Floorplan notes payable, net (1)	$	2,123.8	$	1,915.8	$	208.0	10.9	%
Total debt	$	3,886.2	$	3,699.5	$	186.7	5.0	%
Total equity	$	3,065.4	$	2,789.1	$	276.3	9.9	%
(1) Amounts are net of offset accounts of $153.0 and $504.2, respectively.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
NEW VEHICLE UNIT SALES GEOGRAPHIC MIX:
United States	71.1	%	72.6	%	69.9	%	71.2	%
United Kingdom	28.9	%	27.4	%	30.1	%	28.8	%


NEW VEHICLE UNIT SALES BRAND MIX:
Toyota/Lexus	27.9	%	26.8	%	26.9	%	25.5	%
Volkswagen/Audi/Porsche/SEAT/SKODA	15.3	%	14.1	%	15.2	%	15.2	%
BMW/MINI	12.3	%	12.4	%	12.9	%	12.1	%
Honda/Acura	8.6	%	8.1	%	8.6	%	8.3	%
Mercedes-Benz/Sprinter/smart	7.6	%	9.1	%	8.1	%	8.7	%
Chevrolet/GMC/Buick	7.1	%	8.2	%	7.2	%	8.2	%
Ford/Lincoln	7.2	%	7.2	%	7.0	%	6.9	%
Hyundai/Kia/Genesis	6.4	%	5.7	%	5.9	%	5.5	%
Jaguar/Land Rover	1.7	%	2.2	%	2.3	%	2.4	%
Nissan	2.0	%	1.8	%	1.9	%	1.9	%
Subaru	1.7	%	1.8	%	1.7	%	2.3	%
Chrysler/Dodge/Jeep/RAM/Citroën/Leapmotor	1.2	%	1.5	%	1.2	%	1.6	%
Mazda	1.1	%	1.1	%	1.0	%	1.1	%
Other	0.2	%	0.1	%	0.1	%	0.1	%
	100.0	%	100.0	%	100.0	%	100.0	%


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


	September 30, 2026	December 31, 2025	September 30, 2025
DAYS’ SUPPLY IN INVENTORY (1):
Consolidated
New vehicle inventory	39	46	40
Used vehicle inventory	38	36	36
U.S.
New vehicle inventory	51	44	52
Used vehicle inventory	33	29	31
U.K.
New vehicle inventory	21	52	20
Used vehicle inventory	48	55	46



(1) Days’ supply in inventory is calculated based on inventory unit levels and 30-day total unit sales volumes, both at the end of each reporting period.


Group 1 Automotive, Inc.
Reported Operating Data — Consolidated
(Unaudited)
(In millions, except unit data)

	Three Months Ended September 30,
	2026			2025			Increase/ (Decrease)			% Change		Currency Impact on Current Period Results		Constant Currency % Change
Revenues:
New vehicle retail sales	$	2,665.1		$	2,807.4		$	(142.2)		(5.1)	%	$	(2.7)	(5.0)	%
Used vehicle retail sales	1,691.1			1,852.1			(161.1)			(8.7)	%	(1.7)		(8.6)	%
Used vehicle wholesale sales	124.0			148.4			(24.4)			(16.5)	%	(0.1)		(16.4)	%
Total used	1,815.0			2,000.5			(185.5)			(9.3)	%	(1.9)		(9.2)	%
Parts and service sales	700.7			733.9			(33.3)			(4.5)	%	(0.5)		(4.5)	%
F&I, net	215.8			240.9			(25.0)			(10.4)	%	(0.1)		(10.3)	%
Total revenues	$	5,396.7		$	5,782.7		$	(386.0)		(6.7)	%	$	(5.3)	(6.6)	%
Gross profit:
New vehicle retail sales	$	169.9		$	186.1		$	(16.2)		(8.7)	%	$	(0.2)	(8.6)	%
Used vehicle retail sales	79.9			85.4			(5.5)			(6.5)	%	(0.1)		(6.4)	%
Used vehicle wholesale sales	(2.7)			(0.2)			(2.5)			NM		—		NM
Total used	77.1			85.1			(8.0)			(9.4)	%	(0.1)		(9.3)	%
Parts and service sales	392.0			407.6			(15.7)			(3.8)	%	(0.3)		(3.8)	%
F&I, net	215.8			240.9			(25.0)			(10.4)	%	(0.1)		(10.3)	%
Total gross profit	$	854.8		$	919.7		$	(64.9)		(7.1)	%	$	(0.7)	(7.0)	%
Gross margin:
New vehicle retail sales	6.4		%	6.6		%	(0.3)		%
Used vehicle retail sales	4.7		%	4.6		%	0.1		%
Used vehicle wholesale sales	(2.2)		%	(0.2)		%	(2.0)		%
Total used	4.2		%	4.3		%	—		%
Parts and service sales	55.9		%	55.5		%	0.4		%

Total gross margin	15.8		%	15.9		%	(0.1)		%
Units sold:
Retail new vehicles sold (1)	55,259			57,269			(2,010)			(3.5)	%
Retail used vehicles sold (1)	53,343			59,574			(6,231)			(10.5)	%
Wholesale used vehicles sold	14,301			16,018			(1,717)			(10.7)	%
Total used	67,644			75,592			(7,948)			(10.5)	%
Average sales price per unit sold:
New vehicle retail (1)	$	51,123		$	50,816		$	307		0.6	%	$	(51)	0.7	%
Used vehicle retail (1)	$	31,744		$	31,112		$	633		2.0	%	$	(27)	2.1	%
Gross profit per unit sold:
New vehicle retail sales	$	3,074		$	3,250		$	(176)		(5.4)	%	$	(4)	(5.3)	%
Used vehicle retail sales	$	1,497		$	1,433		$	64		4.5	%	$	(1)	4.6	%
Used vehicle wholesale sales	$	(191)		$	(15)		$	(176)		NM		$	1	NM
Total used	$	1,140		$	1,126		$	14		1.2	%	$	(1)	1.3	%
F&I PRU	$	1,987		$	2,061		$	(74)		(3.6)	%	$	(1)	(3.5)	%

Other:
SG&A expenses	$	618.2		$	654.9		$	(36.7)		(5.6)	%	$	(0.5)	(5.5)	%
Adjusted SG&A expenses (2)	$	610.5		$	645.0		$	(34.5)		(5.4)	%	$	(0.5)	(5.3)	%
SG&A as % gross profit	72.3		%	71.2		%	1.1		%
Adjusted SG&A as % gross profit (2)	71.4		%	70.1		%	1.3		%
Operating margin %	3.7		%	1.9		%	1.8		%
Adjusted operating margin % (2)	3.9		%	4.2		%	(0.3)		%
Pretax margin %	2.4		%	0.6		%	1.8		%
Adjusted pretax margin % (2)	2.7		%	3.0		%	(0.3)		%
Floorplan expense:
Floorplan interest expense	$	21.0		$	23.7		$	(2.7)		(11.2)	%	$	—	(11.2)	%
Less: Floorplan assistance (3)	23.0			23.5			(0.5)			(2.2)	%	—		(2.1)	%
Net floorplan expense	$	(2.0)		$	0.2		$	(2.2)				$	—


Group 1 Automotive, Inc.
Reported Operating Data — U.S.
(Unaudited)
(In millions, except unit data)

	Three Months Ended September 30,
	2026			2025			Increase/(Decrease)			% Change
Revenues:
New vehicle retail sales	$	2,050.5		$	2,187.0		$	(136.6)		(6.2)	%
Used vehicle retail sales	1,146.8			1,230.4			(83.5)			(6.8)	%
Used vehicle wholesale sales	74.3			90.9			(16.6)			(18.2)	%
Total used	1,221.2			1,321.3			(100.1)			(7.6)	%
Parts and service sales	538.4			567.6			(29.2)			(5.1)	%
F&I, net	181.0			202.1			(21.0)			(10.4)	%
Total revenues	$	3,991.1		$	4,277.9		$	(286.9)		(6.7)	%
Gross profit:
New vehicle retail sales	$	121.1		$	138.1		$	(17.0)		(12.3)	%
Used vehicle retail sales	54.4			60.6			(6.2)			(10.2)	%
Used vehicle wholesale sales	—			1.1			(1.1)			(103.9)	%
Total used	54.4			61.7			(7.3)			(11.8)	%
Parts and service sales	301.1			313.1			(12.0)			(3.8)	%
F&I, net	181.0			202.1			(21.0)			(10.4)	%
Total gross profit	$	657.7		$	715.0		$	(57.3)		(8.0)	%
Gross margin:
New vehicle retail sales	5.9		%	6.3		%	(0.4)		%
Used vehicle retail sales	4.7		%	4.9		%	(0.2)		%
Used vehicle wholesale sales	(0.1)		%	1.2		%	(1.2)		%
Total used	4.5		%	4.7		%	(0.2)		%
Parts and service sales	55.9		%	55.2		%	0.8		%

Total gross margin	16.5		%	16.7		%	(0.2)		%
Units sold:
Retail new vehicles sold	39,275			41,582			(2,307)			(5.5)	%
Retail used vehicles sold	35,662			39,636			(3,974)			(10.0)	%
Wholesale used vehicles sold	8,749			9,984			(1,235)			(12.4)	%
Total used	44,411			49,620			(5,209)			(10.5)	%
Average sales price per unit sold:
New vehicle retail	$	52,208		$	52,595		$	(388)		(0.7)	%
Used vehicle retail	$	32,158		$	31,042		$	1,117		3.6	%
Gross profit per unit sold:
New vehicle retail sales	$	3,084		$	3,322		$	(238)		(7.2)	%
Used vehicle retail sales	$	1,527		$	1,529		$	(3)		(0.2)	%
Used vehicle wholesale sales	$	(5)		$	108		$	(112)		(104.5)	%
Total used	$	1,225		$	1,243		$	(18)		(1.5)	%
F&I PRU	$	2,416		$	2,488		$	(72)		(2.9)	%

Other:
SG&A expenses	$	452.1		$	481.2		$	(29.0)		(6.0)	%
Adjusted SG&A expenses (1)	$	445.2		$	470.7		$	(25.5)		(5.4)	%
SG&A as % gross profit	68.7		%	67.3		%	1.5		%
Adjusted SG&A as % gross profit (1)	67.7		%	65.8		%	1.9		%


Group 1 Automotive, Inc.
Reported Operating Data — U.K.
(Unaudited)
(In millions, except unit data)

	Three Months Ended September 30,
	2026			2025			Increase/ (Decrease)			% Change		Currency Impact on Current Period Results		Constant Currency % Change
Revenues:
New vehicle retail sales	$	614.7		$	620.4		$	(5.7)		(0.9)	%	$	(2.7)	(0.5)	%
Used vehicle retail sales	544.2			621.8			(77.5)			(12.5)	%	(1.7)		(12.2)	%
Used vehicle wholesale sales	49.6			57.5			(7.8)			(13.6)	%	(0.1)		(13.4)	%
Total used	593.9			679.3			(85.4)			(12.6)	%	(1.9)		(12.3)	%
Parts and service sales	162.3			166.3			(4.1)			(2.4)	%	(0.5)		(2.1)	%
F&I, net	34.8			38.8			(4.0)			(10.4)	%	(0.1)		(10.0)	%
Total revenues	$	1,405.6		$	1,504.8		$	(99.1)		(6.6)	%	$	(5.3)	(6.2)	%
Gross profit:
New vehicle retail sales	$	48.8		$	48.0		$	0.8		1.6	%	$	(0.2)	2.1	%
Used vehicle retail sales	25.4			24.8			0.7			2.6	%	(0.1)		2.9	%
Used vehicle wholesale sales	(2.7)			(1.3)			(1.4)			(103.5)	%	—		(104.6)	%
Total used	22.7			23.4			(0.7)			(3.0)	%	(0.1)		(2.8)	%
Parts and service sales	90.9			94.5			(3.7)			(3.9)	%	(0.3)		(3.5)	%
F&I, net	34.8			38.8			(4.0)			(10.4)	%	(0.1)		(10.0)	%
Total gross profit	$	197.1		$	204.7		$	(7.6)		(3.7)	%	$	(0.7)	(3.3)	%
Gross margin:
New vehicle retail sales	7.9		%	7.7		%	0.2		%
Used vehicle retail sales	4.7		%	4.0		%	0.7		%
Used vehicle wholesale sales	(5.4)		%	(2.3)		%	(3.1)		%
Total used	3.8		%	3.5		%	0.4		%
Parts and service sales	56.0		%	56.8		%	(0.8)		%

Total gross margin	14.0		%	13.6		%	0.4		%
Units sold:
Retail new vehicles sold (1)	15,984			15,687			297			1.9	%
Retail used vehicles sold (1)	17,681			19,938			(2,257)			(11.3)	%
Wholesale used vehicles sold	5,552			6,034			(482)			(8.0)	%
Total used	23,233			25,972			(2,739)			(10.5)	%
Average sales price per unit sold:
New vehicle retail (1)	$	47,756		$	45,326		$	2,430		5.4	%	$	(211)	5.8	%
Used vehicle retail (1)	$	30,906		$	31,251		$	(345)		(1.1)	%	$	(99)	(0.8)	%
Gross profit per unit sold:
New vehicle retail sales	$	3,051		$	3,059		$	(8)		(0.3)	%	$	(15)	0.2	%
Used vehicle retail sales	$	1,437		$	1,242		$	196		15.7	%	$	(4)	16.1	%
Used vehicle wholesale sales	$	(485)		$	(219)		$	(265)		(121.2)	%	$	2	(122.3)	%
Total used	$	978		$	902		$	76		8.4	%	$	(2)	8.7	%
F&I PRU	$	1,033		$	1,089		$	(56)		(5.1)	%	$	(4)	(4.8)	%
Other:
SG&A expenses	$	166.0		$	173.7		$	(7.7)		(4.4)	%	$	(0.5)	(4.1)	%
Adjusted SG&A expenses (2)	$	165.3		$	174.3		$	(9.0)		(5.2)	%	$	(0.5)	(4.9)	%
SG&A as % gross profit	84.2		%	84.9		%	(0.6)		%
Adjusted SG&A as % gross profit (2)	83.9		%	85.2		%	(1.3)		%


Group 1 Automotive, Inc.
Same Store Operating Data — Consolidated
(Unaudited)
(In millions, except unit data)

	Three Months Ended September 30,
	2026			2025			Increase/ (Decrease)			% Change		Currency Impact on Current Period Results		Constant Currency % Change
Revenues:
New vehicle retail sales	$	2,608.1		$	2,629.9		$	(21.8)		(0.8)	%	$	(2.6)	(0.7)	%
Used vehicle retail sales	1,658.7			1,763.0			(104.3)			(5.9)	%	(1.7)		(5.8)	%
Used vehicle wholesale sales	117.2			137.5			(20.3)			(14.8)	%	(0.1)		(14.7)	%
Total used	1,775.9			1,900.5			(124.6)			(6.6)	%	(1.9)		(6.5)	%
Parts and service sales	687.2			673.8			13.4			2.0	%	(0.5)		2.1	%
F&I, net	211.4			232.1			(20.7)			(8.9)	%	(0.1)		(8.9)	%
Total revenues	$	5,282.7		$	5,436.4		$	(153.7)		(2.8)	%	$	(5.2)	(2.7)	%
Gross profit:
New vehicle retail sales	$	166.5		$	176.4		$	(9.9)		(5.6)	%	$	(0.2)	(5.5)	%
Used vehicle retail sales	78.7			82.0			(3.3)			(4.0)	%	(0.1)		(3.9)	%
Used vehicle wholesale sales	(2.2)			0.2			(2.4)			NM		—		NM
Total used	76.5			82.2			(5.7)			(7.0)	%	(0.1)		(6.9)	%
Parts and service sales	383.1			382.6			0.5			0.1	%	(0.3)		0.2	%
F&I, net	211.4			232.1			(20.7)			(8.9)	%	(0.1)		(8.9)	%
Total gross profit	$	837.6		$	873.4		$	(35.8)		(4.1)	%	$	(0.7)	(4.0)	%
Gross margin:
New vehicle retail sales	6.4		%	6.7		%	(0.3)		%
Used vehicle retail sales	4.7		%	4.7		%	0.1		%
Used vehicle wholesale sales	(1.9)		%	0.2		%	(2.1)		%
Total used	4.3		%	4.3		%	—		%
Parts and service sales	55.8		%	56.8		%	(1.0)		%

Total gross margin	15.9		%	16.1		%	(0.2)		%
Units sold:
Retail new vehicles sold (1)	53,933			54,615			(682)			(1.2)	%
Retail used vehicles sold (1)	52,272			57,153			(4,881)			(8.5)	%
Wholesale used vehicles sold	13,872			15,287			(1,415)			(9.3)	%
Total used	66,144			72,440			(6,296)			(8.7)	%
Average sales price per unit sold:
New vehicle retail (1)	$	51,337		$	50,000		$	1,337		2.7	%	$	(51)	2.8	%
Used vehicle retail (1)	$	31,776		$	30,868		$	908		2.9	%	$	(27)	3.0	%
Gross profit per unit sold:
New vehicle retail sales	$	3,088		$	3,230		$	(142)		(4.4)	%	$	(4)	(4.3)	%
Used vehicle retail sales	$	1,506		$	1,435		$	71		5.0	%	$	(1)	5.1	%
Used vehicle wholesale sales	$	(160)		$	15		$	(174)		NM		$	1	NM
Total used	$	1,157		$	1,135		$	22		1.9	%	$	(1)	2.0	%
F&I PRU	$	1,991		$	2,077		$	(86)		(4.1)	%	$	(1)	(4.1)	%

Other:
SG&A expenses	$	604.0		$	612.9		$	(8.9)		(1.5)	%	$	(0.5)	(1.4)	%
Adjusted SG&A expenses (2)	$	595.3		$	602.4		$	(7.1)		(1.2)	%	$	(0.5)	(1.1)	%
SG&A as % gross profit	72.1		%	70.2		%	1.9		%
Adjusted SG&A as % gross profit (2)	71.1		%	69.0		%	2.1		%
Operating margin %	3.7		%	4.2		%	(0.5)		%
Adjusted operating margin % (2)	4.0		%	4.5		%	(0.5)		%


Group 1 Automotive, Inc.
Same Store Operating Data — U.S.
(Unaudited)
(In millions, except unit data)

	Three Months Ended September 30,
	2026			2025			Increase/(Decrease)			% Change
Revenues:
New vehicle retail sales	$	2,013.3		$	2,084.5		$	(71.2)		(3.4)	%
Used vehicle retail sales	1,124.1			1,200.6			(76.5)			(6.4)	%
Used vehicle wholesale sales	73.1			85.5			(12.3)			(14.4)	%
Total used	1,197.2			1,286.1			(88.9)			(6.9)	%
Parts and service sales	527.5			523.6			3.8			0.7	%
F&I, net	177.2			197.8			(20.6)			(10.4)	%
Total revenues	$	3,915.1		$	4,092.0		$	(176.9)		(4.3)	%
Gross profit:
New vehicle retail sales	$	118.5		$	133.6		$	(15.1)		(11.3)	%
Used vehicle retail sales	54.1			59.1			(5.0)			(8.5)	%
Used vehicle wholesale sales	0.2			1.1			(0.9)			(84.4)	%
Total used	54.2			60.2			(6.0)			(9.9)	%
Parts and service sales	294.5			297.0			(2.5)			(0.8)	%
F&I, net	177.2			197.8			(20.6)			(10.4)	%
Total gross profit	$	644.5		$	688.6		$	(44.2)		(6.4)	%
Gross margin:
New vehicle retail sales	5.9		%	6.4		%	(0.5)		%
Used vehicle retail sales	4.8		%	4.9		%	(0.1)		%
Used vehicle wholesale sales	0.2		%	1.3		%	(1.1)		%
Total used	4.5		%	4.7		%	(0.2)		%
Parts and service sales	55.8		%	56.7		%	(0.9)		%

Total gross margin	16.5		%	16.8		%	(0.4)		%
Units sold:
Retail new vehicles sold	38,466			40,307			(1,841)			(4.6)	%
Retail used vehicles sold	35,005			38,889			(3,884)			(10.0)	%
Wholesale used vehicles sold	8,609			9,771			(1,162)			(11.9)	%
Total used	43,614			48,660			(5,046)			(10.4)	%
Average sales price per unit sold:
New vehicle retail	$	52,340		$	51,716		$	625		1.2	%
Used vehicle retail	$	32,112		$	30,873		$	1,239		4.0	%
Gross profit per unit sold:
New vehicle retail sales	$	3,082		$	3,315		$	(233)		(7.0)	%
Used vehicle retail sales	$	1,544		$	1,520		$	25		1.6	%
Used vehicle wholesale sales	$	20		$	113		$	(93)		(82.3)	%
Total used	$	1,243		$	1,237		$	6		0.5	%
F&I PRU	$	2,411		$	2,497		$	(86)		(3.5)	%

Other:
SG&A expenses	$	443.8		$	459.7		$	(15.8)		(3.4)	%
Adjusted SG&A expenses (1)	$	435.1		$	449.2		$	(14.0)		(3.1)	%
SG&A as % gross profit	68.9		%	66.8		%	2.1		%
Adjusted SG&A as % gross profit (1)	67.5		%	65.2		%	2.3		%


Group 1 Automotive, Inc.
Same Store Operating Data — U.K.
(Unaudited)
(In millions, except unit data)

	Three Months Ended September 30,
	2026			2025			Increase/ (Decrease)			% Change		Currency Impact on Current Period Results		Constant Currency % Change
Revenues:
New vehicle retail sales	$	594.8		$	545.4		$	49.4		9.1	%	$	(2.6)	9.5	%
Used vehicle retail sales	534.6			562.4			(27.8)			(4.9)	%	(1.7)		(4.6)	%
Used vehicle wholesale sales	44.1			52.0			(8.0)			(15.3)	%	(0.1)		(15.0)	%
Total used	578.7			614.5			(35.7)			(5.8)	%	(1.9)		(5.5)	%
Parts and service sales	159.7			150.2			9.6			6.4	%	(0.5)		6.7	%
F&I, net	34.3			34.3			(0.1)			(0.2)	%	(0.1)		0.2	%
Total revenues	$	1,367.5		$	1,344.3		$	23.2		1.7	%	$	(5.2)	2.1	%
Gross profit:
New vehicle retail sales	$	48.0		$	42.8		$	5.2		12.1	%	$	(0.2)	12.6	%
Used vehicle retail sales	24.7			22.9			1.8			7.7	%	(0.1)		8.0	%
Used vehicle wholesale sales	(2.4)			(0.9)			(1.5)			NM		—		NM
Total used	22.3			22.0			0.3			1.1	%	(0.1)		1.4	%
Parts and service sales	88.6			85.6			3.0			3.5	%	(0.3)		3.9	%
F&I, net	34.3			34.3			(0.1)			(0.2)	%	(0.1)		0.2	%
Total gross profit	$	193.1		$	184.8		$	8.4		4.5	%	$	(0.7)	4.9	%
Gross margin:
New vehicle retail sales	8.1		%	7.9		%	0.2		%
Used vehicle retail sales	4.6		%	4.1		%	0.5		%
Used vehicle wholesale sales	(5.4)		%	(1.7)		%	(3.7)		%
Total used	3.8		%	3.6		%	0.3		%
Parts and service sales	55.5		%	57.0		%	(1.5)		%

Total gross margin	14.1		%	13.7		%	0.4		%
Units sold:
Retail new vehicles sold (1)	15,467			14,308			1,159			8.1	%
Retail used vehicles sold (1)	17,267			18,264			(997)			(5.5)	%
Wholesale used vehicles sold	5,263			5,516			(253)			(4.6)	%
Total used	22,530			23,780			(1,250)			(5.3)	%
Average sales price per unit sold:
New vehicle retail (1)	$	48,155		$	44,288		$	3,868		8.7	%	$	(213)	9.2	%
Used vehicle retail (1)	$	31,092		$	30,859		$	233		0.8	%	$	(100)	1.1	%
Gross profit per unit sold:
New vehicle retail sales	$	3,103		$	2,993		$	110		3.7	%	$	(15)	4.2	%
Used vehicle retail sales	$	1,428		$	1,254		$	174		13.9	%	$	(4)	14.2	%
Used vehicle wholesale sales	$	(454)		$	(161)		$	(294)		NM		$	3	NM
Total used	$	988		$	926		$	63		6.8	%	$	(3)	7.0	%
F&I PRU	$	1,046		$	1,053		$	(7)		(0.7)	%	$	(4)	(0.3)	%
Other:
SG&A expenses	$	160.2		$	153.2		$	6.9		4.5	%	$	(0.5)	4.8	%

SG&A as % gross profit	82.9		%	82.9		%	—		%


Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures — Consolidated
(Unaudited)
(In millions, except per share data)

	Three Months Ended September 30, 2026
	U.S. GAAP			Catastrophic events		Dealership and real estate transactions		Restructuring charges		Acquisition costs		Legal items and other professional fees		Asset impairments		Non-GAAP adjusted


SG&A expenses	$	618.2		$	(0.5)	$	1.0	$	—	$	(7.1)	$	(1.1)	$	—	$	610.5

Asset impairments	$	7.0		$	—	$	(0.2)	$	—	$	—	$	—	$	(6.8)	$	—
Restructuring charges	$	0.1		$	—	$	—	$	(0.1)	$	—	$	—	$	—	$	—
Income (loss) from operations	$	200.7		$	0.5	$	(0.8)	$	0.1	$	7.1	$	1.1	$	6.8	$	215.4




Income (loss) before income taxes	$	131.5		$	0.5	$	(0.8)	$	0.1	$	7.1	$	1.1	$	6.8	$	146.2
Less: Provision for income taxes	28.7			0.1		1.8		—		1.7		0.2		1.6		34.1
Net income (loss) from continuing operations	102.9			0.4		(2.7)		—		5.4		0.8		5.2		112.1
Less: Earnings allocated to participating securities	0.9			—		—		—		—		—		—		1.0
Net income (loss) from continuing operations available to diluted common shares	$	102.0		$	0.4	$	(2.6)	$	—	$	5.4	$	0.8	$	5.2	$	111.1

Diluted earnings (loss) per common share from continuing operations	$	8.59		$	0.03	$	(0.22)	$	—	$	0.45	$	0.07	$	0.43	$	9.36

Effective tax rate	21.8		%													23.3		%


SG&A as % gross profit (1)	72.3		%													71.4		%
Operating margin (2)	3.7		%													3.9		%
Pretax margin (3)	2.4		%													2.7		%




Same Store SG&A expenses	$	604.0		$	(0.5)	$	—	$	—	$	(7.1)	$	(1.1)	$	—	$	595.3
Same Store SG&A as % gross profit (1)	72.1		%													71.1		%

Same Store income from operations	$	198.5		$	0.5	$	—	$	—	$	7.1	$	1.1	$	6.8	$	214.0
Same Store operating margin (2)	3.7		%													4.0		%


	U.S. GAAP		Non-GAAP adjustments		Non-GAAP adjusted
Net income from discontinued operations	$	—	$	—	$	—
Less: Earnings allocated to participating securities	—		—		—
Net income from discontinued operations available to diluted common shares	$	—	$	—	$	—

Net income	$	102.9	$	9.2	$	112.1
Less: Earnings allocated to participating securities	0.9		0.1		1.0
Net income available to diluted common shares	$	102.0	$	9.2	$	111.1

Diluted earnings per common share from discontinued operations	$	—	$	—	$	—
Diluted earnings per common share from continuing operations	8.59		0.77		9.36
Diluted earnings per common share	$	8.59	$	0.77	$	9.36







	Three Months Ended September 30, 2025
	U.S. GAAP			Catastrophic events		Severance costs		Acquisition costs		Legal items and other professional fees		Non-GAAP adjusted

SG&A expenses	$	481.2		$	0.2	$	(0.4)	$	(4.3)	$	(6.0)	$	470.7






SG&A as % gross profit (1)	67.3		%									65.8		%





Same Store SG&A expenses	$	459.7		$	0.2	$	(0.4)	$	(4.3)	$	(6.0)	$	449.2
Same Store SG&A as % gross profit (1)	66.8		%									65.2		%







	Nine Months Ended September 30, 2026
	U.S. GAAP			Non-recurring F&I adjustment		Catastrophic events		Dealership and real estate transactions		Severance costs		Acquisition costs		Legal items and other professional fees		Non-GAAP adjusted
F&I, net	$	532.4		$	6.8	$	—	$	—	$	—	$	—	$	—	$	539.2
F&I PRU (2)	$	2,437														$	2,468
Total gross profit	$	1,963.4		$	6.8	$	—	$	—	$	—	$	—	$	—	$	1,970.2
SG&A expenses	$	1,314.7		$	—	$	(4.0)	$	45.9	$	(1.9)	$	(7.4)	$	(3.1)	$	1,344.0






SG&A as % gross profit (1)	67.0		%													68.2		%




Same Store F&I, net	$	517.6		$	6.8	$	—	$	—	$	—	$	—	$	—	$	524.4
Same Store F&I PRU (2)	$	2,441														$	2,473
Same Store total gross profit	$	1,901.3		$	6.8	$	—	$	—	$	—	$	—	$	—	$	1,908.1
Same Store SG&A expenses	$	1,314.1		$	—	$	(4.0)	$	—	$	(1.9)	$	(7.4)	$	(3.1)	$	1,297.6
Same Store SG&A as % gross profit (1)	69.1		%													68.0		%







	Nine Months Ended September 30, 2025
	U.S. GAAP			Catastrophic events		Dealership and real estate transactions		Severance costs		Acquisition costs		Legal items and other professional fees		Non-GAAP adjusted

SG&A expenses	$	1,400.2		$	(1.2)	$	7.1	$	(1.4)	$	(5.1)	$	(9.4)	$	1,390.1






SG&A as % gross profit (1)	66.1		%											65.6		%





Same Store SG&A expenses	$	1,344.2		$	(1.2)	$	—	$	(1.4)	$	(5.1)	$	(9.4)	$	1,327.0
Same Store SG&A as % gross profit (1)	65.9		%											65.0		%