Group 1 Automotive, Inc. (GPI) reported second-quarter 2026 adjusted earnings of $9.61 per share, down 16.6% year over year and missing the Zacks Consensus Estimate of $10.79 by 10.9%. Revenues fell 5.6% to $5.39 billion, also below the consensus estimate of $5.65 billion by 4.7%. The company faced challenges, including consumer affordability pressures and used-vehicle sourcing difficulties.
Retail new-vehicle sales dropped 4.4% to 53,335 units, while used retail units fell 11.2% to 53,469. The average selling price of new vehicles increased 2.3% to $51,726, yet the gross profit per unit declined 8.5% to $3,254. Group 1’s U.S. revenues slid 5.8% to $3.93 billion, and total liquidity as of June 30, 2026, was $684 million, with cash and cash equivalents at $164.5 million.
Despite the decline, GPI acquired four U.S. dealerships in the quarter, projected to generate approximately $205 million in annual revenues, and agreed to acquire additional dealerships in Atlanta valued at $1.3 billion. The company continues its expansion strategy while maintaining a focus on profitability and efficiency.
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