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Group 1 Automotive Goes All-In On Atlanta With Its $1.3 Billion Hennessy Deal!

Group 1 Automotive reported second quarter 2026 revenues of $5.4 billion, with a gross profit of $861 million, adjusted net income of $115 million, and adjusted diluted earnings per share of $9.61 from continuing operations. The results reflected ongoing consumer affordability challenges, used vehicle sourcing pressures, and transitional impacts from the company’s corporate rebranding efforts, which contributed to declines in new and used vehicle volumes. Despite this, gross profit per unit (GPU) for new vehicles remained consistent with late 2025 levels, and used vehicle margins were maintained year-over-year, albeit with increased average transaction prices. In used vehicle operations, limited inventory replenishment from auctions was a deliberate choice to protect gross profits, with an emphasis placed on improving organic sourcing through enhanced appraisal practices and trade closing rates. The company acknowledged the difficulties posed by higher levels of negative equity in used car trades but expressed optimism about incremental improvements.