Group 1 Automotive, Inc., a Fortune 250 automotive retailer with 251 dealerships located in the U.S. and U.K., on July 1 reported financial results for the second quarter of 2026.
- Current quarter total revenues were $5.4 billion, compared to $5.7 billion for the second quarter of 2025.
- Current quarter net income from continuing operations was $103.0 million, compared to $139.8 million for the prior-year quarter.
- Current quarter adjusted net income from continuing operations (a non-GAAP measure) was $114.9 million, compared to $149.6 million for the prior-year quarter.
- Current quarter diluted earnings per common share from continuing operations was $8.62, compared to $10.77 for the prior-year quarter.
- Current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) was $9.61, compared to $11.52 for the prior-year quarter.
“While our second quarter results softened due to consumer affordability issues, we continued to execute against the strategic initiatives that will strengthen Group 1 over the long term,” said Daryl Kenningham, Group 1’s president and chief executive officer. “During the quarter in the U.S., we successfully completed our previously announced $50 million annualized expense reduction initiative, exceeding our targets. We also continued to invest in our future through strategic dealership acquisitions and dispositions, advanced our corporate rebranding to more than 60% completion, and expanded our virtual F&I platform to more than 40% of our stores. We remain focused on disciplined execution that will continue to drive sustainable value for our shareholders.”
