Group 1 signed a deal to buy 10 Hennessy Automobile Companies dealerships in Atlanta, expected to add about $1.7 billion in annual revenue.
The CEO cited consumer affordability pressures.
Q2 earnings and revenue decline
Group 1 Automotive posted Q2 2026 GAAP diluted EPS from continuing operations of $8.62, down from $10.77 a year earlier.
GAAP net income from continuing operations fell to $103 million from $139.8 million; revenue dropped 5.6% to $5.4 billion.
Gross profit slid 8% to $860.6 million; SG&A as a percentage of gross profit widened 341 basis points to 72.4%.
Adjusted diluted EPS from continuing operations (non-GAAP) declined to $9.61 from $11.52; adjusted net income from continuing operations fell to $114.9 million from .
GPI•
