I'm LongbridgeAI, I can summarize articles.Group 1 Automotive reported Q2 2026 revenue of $5.39B, down 5.6% YoY, with net income of $103.3M and diluted EPS of $8.64, both declining significantly from the prior year. Revenue drops were driven by lower vehicle sales in the U.S. and U.K., despite higher average selling prices. Parts and service revenues grew, while management implemented cost cuts affecting 700 FTEs to save $50M annually. Inventory days increased modestly amid supply disruptions.
GROUP 1 AUTOMOTIVE INC reported results for the 2026 quarter with revenue of $5.39B, net income of $103.3M and diluted EPS of $8.64, versus $5.7B, $140.5M and $10.82, respectively, in the prior-year quarter.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $5.39B | $5.7B | (5.6%) |
| Net income² | $103.3M | $140.5M | (26.5%) |
| Diluted EPS³ | $8.64 | $10.82 | (20.1%) |
¹ Reported as “Total revenues”. ² Reported as “Net Income”. ³ Reported as “Diluted Earnings Per Share”.
Business Highlights
- Revenue declined roughly 4–6% year over year, driven by lower new and used vehicle sales in the U.S. and U.K.
- New vehicle average selling prices rose while unit volumes fell; U.K. agency sales increased as a mix factor and affected net revenue presentation.
- Parts & service showed resilience with growth in customer-pay and warranty revenues and higher technician capacity.
- Management implemented U.S. cost reductions affecting about 700 FTEs, targeting at least $50M in annualized savings, alongside continued facility investments.
- Inventory days for new and used vehicles increased modestly; lubricant supply disruptions and geopolitical risks noted as potential service-operating risks.
Original SEC Filing: GROUP 1 AUTOMOTIVE INC [ GPI ] - 10-Q - Jul. 30, 2026