Group 1 Automotive Reports Third Quarter 2025 Financial Results
HOUSTON, Oct. 28, 2025 /PRNewswire/ -- Group 1 Automotive, Inc.(NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 259 dealerships located in the U.S. and U.K., today reported financial results for the third quarter of 2025 ("current quarter").
"Our U.S. business once again delivered outstanding results across every major business line, underscoring the exceptional execution of our teams and the strength of our diversified business model," said Daryl Kenningham, Group 1's President and Chief Executive Officer. "Used vehicles, aftersales and F&I each achieved record performance, with aftersales supported by continued momentum in customer pay and warranty work. New and used vehicle sales grew year over year, reflecting healthy consumer demand. We also added to our premium brand portfolio with the acquisition of a Mercedes-Benz dealership in Georgia, reinforcing our strategy of disciplined growth in key cluster markets."
"The U.K. market remains challenging, with softer industry volumes and continued BEV-related margin pressure. We are taking steps to strengthen our U.K. portfolio, and we continue restructuring efforts to make the business more efficient. With our portfolio optimization efforts, including leveraging Aftersales and F&I as growth levers, we will be positioned to emerge stronger as the market stabilizes."
Reconciliations for financial results, non-GAAP metrics and diluted earnings per common share between continuing and discontinued operations are included in the accompanying financial tables.
Current Quarter Results Overview
Third Quarter 2025
Key Performance Metrics
(year-over-year comparable period basis)
Consolidated
Same Store
(a non-GAAP
measure)
Reported:
3Q25
Change
3Q25
Change
Total revenues
$5.8B
+10.8 %
$5.4B
+6.3 %
Total gross profit ("GP")
$919.7M
+7.9 %
$866.2M
+4.2 %
NV units sold
57,269
+6.5 %
53,683
+2.8 %
NV GP per retail unit ("PRU")
$3,250
(4.6) %
$3,226
(6.1) %
Used vehicle ("UV") retail units sold
59,574
+6.6 %
55,153
+2.9 %
UV retail GP PRU
$1,433
(9.0) %
$1,441
(8.5) %
Parts & service ("P&S") GP
$407.6M
+11.1 %
$381.8M
+6.9 %
P&S Gross Margin ("GM")
55.5 %
(0.1) %
55.3 %
(0.2) %
Finance and Insurance ("F&I") revenues
$240.9M
+12.5 %
$231.1M
+10.3 %
F&I GP PRU
$2,061
+5.6 %
$2,123
+7.3 %
Selling, General and Administrative ("SG&A") expenses as a % of GP
71.2 %
+183 bps
70.4 %
+142 bps
Adjusted SG&A expenses (a non-GAAP measure) as a % of GP
70.1 %
+259 bps
69.2 %
+216 bps
U.K. Update
The U.K. economy continues to face challenges, including persistent inflation, elevated interest rates, rising energy costs and a slowdown in consumer spending. These factors have contributed to margin compression and increased operating expenses within the automotive retail industry.
In addition, as part of our ongoing portfolio optimization, we informed our OEM partner, JLR, of our intention to sell or relinquish our U.K. JLR franchise operations. We continue to work with other OEM partners to evaluate our portfolio, which we expect will result in the sale or closure of additional points.
We completed a quantitative assessment of our U.K. reporting unit, which indicated that goodwill, intangible franchise rights, and fixed assets may be impaired as of August 31, 2025. Consequently, the Company recorded goodwill, franchise rights and fixed asset impairment charges of $123.9 million related to the U.K. for the current quarter.
The Company also recognized $1.6 million in restructuring charges in the U.K. in the current quarter, consisting of additional workforce realignment and strategic closing of certain facilities. Year to date, the Company has recognized $20.3 million in U.K. restructuring charges. The Company anticipates implementing further restructuring plans in future periods to reduce costs.
Corporate Development
During the current quarter, the Company acquired one dealership located in the U.S. The acquisition is expected to generate approximately $210 million in annual revenues. Year to date, the Company has acquired and successfully integrated dealership operations with total expected annual revenues of approximately $640 million. The Company remains focused on quickly and efficiently integrating acquisitions into existing operations to create value for shareholders.
Year to date, the Company's annualized revenues associated with dealership dispositions and franchise terminations totaled approximately $470 million.
Share Repurchases
During the current quarter, the Company repurchased 185,788 shares, at an average price per common share of $443.81, for a total of $82.5 million, excluding excise taxes of $0.8 million.
During the nine months ended September 30, 2025, the Company repurchased 587,437 shares, representing approximately 4.4% of the Company's outstanding common shares at January 1 of the current year, at an average price per common share of $425.22, for a total of $249.8 million, excluding excise taxes of $1.9 million.
As of September 30, 2025, the Company had an aggregate 12.8 million outstanding common shares and unvested restricted stock awards. As of September 30, 2025, the Company had $226.3 million remaining in its Board authorized common share repurchase program.
Future repurchases may be made from time to time, based on market conditions, legal requirements and other corporate considerations in the open market, pursuant to Rule 10b5-1 trading plans or in privately negotiated transactions, and subject to Board approval and covenant restrictions.
Third Quarter 2025 Earnings Conference Call Details
Group 1's senior management will host a conference call today at 9:00 a.m. ET to discuss the third quarter 2025 financial results. The conference call will be simulcast live on the Internet at http://www.group1corp.com/events. A webcast replay will be available for 30 days. A copy of the Company's presentation will also be made available at http://www.group1corp.com/company-presentations.
The conference call will also be available live by dialing in 10 minutes prior to the start of the call at:
Domestic:
1-888-317-6003
International:
1-412-317-6061
Passcode:
9338636
A telephonic replay will be available following the call through November 4, 2025, by dialing:
Domestic:
1-877-344-7529
International:
1-412-317-0088
Replay Code:
7892681
ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns and operates 259 automotive dealerships, 324 franchises, and 35 collision centers in the United States and the United Kingdom that offer 36 brands of automobiles. Through its dealerships and omni-channel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts.
Group 1 discloses additional information about the Company, its business, and its results of operations at www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, and www.facebook.com/group1auto.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements related to future, not past, events and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. In this context, the forward-looking statements often include statements regarding our strategic investments, goals, plans, projections and guidance regarding our financial position, results of operations and business strategy, including the annualized revenues of recently completed acquisitions or dispositions and other benefits of such currently anticipated or recently completed acquisitions or dispositions. These forward-looking statements often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should," "foresee," "may" or "will" and similar expressions. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause actual results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the impacts of sustained levels of inflation, (c) developments in U.S. and global trade policy, including the impact of a prolonged U.S. government shutdown and the imposition by the U.S. of significant tariffs on the import of automobiles and certain materials used in our parts and services business and the resulting consequences (including, but not limited to, retaliatory tariffs by non-U.S. nations, supply chain disruptions, vehicle and part cost increases and demand decreases, and potential recessions in the U.S. and U.K.), (d) the level of manufacturer incentives, (e) our ability to comply with extensive laws, regulations and policies applicable to our operations, including BEV mandates in the U.K., and their impact on new vehicle demand, (f) our ability to obtain an inventory of desirable new and used vehicles (including as a result of changes in the international trade environment), (g) our relationship with our automobile manufacturers and the willingness of manufacturers to approve future acquisitions, (h) our cost of financing and the availability of credit for consumers, (i) our ability to complete acquisitions and dispositions, on a timely basis, if at all and the risks associated therewith, (j) our ability to successfully integrate recent and future acquisitions and realize the expected benefits from consummated acquisitions, (k) foreign exchange controls and currency fluctuations, (l) the armed conflicts in Ukraine and the Middle East, (m) our ability to maintain sufficient liquidity to operate, and (n) a material failure in or breach of our vendors' information technology systems and other cybersecurity incidents. For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
NON-GAAP FINANCIAL MEASURES, SAME STORE DATA, AND OTHER DATA
In addition to evaluating the financial condition and results of our operations in accordance with U.S. GAAP, from time to time our management evaluates and analyzes results and any impact on the Company of strategic decisions and actions relating to, among other things, cost reduction, growth, profitability improvement initiatives, and other events outside of normal, or "core," business and operations, by considering alternative financial measures not prepared in accordance with U.S. GAAP. In our evaluation of results from time to time, we exclude items that do not arise directly from core operations, such as non-cash asset impairment charges, out-of-period adjustments, legal matters, gains and losses on dealership franchise or real estate transactions, and catastrophic events, such as hailstorms, hurricanes and snow storms, and employment compensation costs associated with the cybersecurity incident experienced by third-party software provider, CDK Global LLC in June 2024. Because these non-core charges and gains materially affect the Company's financial condition or results in the specific period in which they are recognized, management also evaluates, and makes resource allocation and performance evaluation decisions based on, the related non-GAAP measures excluding such items. This includes evaluating measures such as adjusted selling, general and administrative expenses, adjusted net income, adjusted diluted earnings per share, and constant currency. These adjusted measures are not measures of financial performance under U.S. GAAP, but are instead considered non-GAAP financial performance measures. Non-GAAP measures do not have definitions under U.S. GAAP and may be defined differently by, and not be comparable to similarly titled measures used by, other companies. As a result, any non-GAAP financial measures considered and evaluated by management are reviewed in conjunction with a review of the most directly comparable measures calculated in accordance with U.S. GAAP. We caution investors not to place undue reliance on such non-GAAP measures, but also to consider them with the most directly comparable U.S. GAAP measures.
In addition to using such non-GAAP measures to evaluate results in a specific period, management believes that such measures may provide more complete and consistent comparisons of operational performance on a period-over-period historical basis and a better indication of expected future trends. Our management also uses these adjusted measures in conjunction with U.S. GAAP financial measures to assess our business, including communication with our Board of Directors, investors, and industry analysts concerning financial performance. We disclose these non-GAAP measures, and the related reconciliations, because we believe investors use these metrics in evaluating longer-term period-over-period performance, and to allow investors to better understand and evaluate the information used by management to assess operating performance. The exclusion of certain expenses in the calculation of non-GAAP financial measures should not be construed as an inference that these costs are unusual or infrequent. We anticipate excluding these expenses in the future presentation of our non-GAAP financial measures.
In addition, we evaluate our results of operations on both an as reported and a constant currency basis. The constant currency presentation, which is a non-GAAP measure, excludes the impact of fluctuations in foreign currency exchange rates. We believe providing constant currency information provides valuable supplemental information regarding our underlying business and results of operations, consistent with how we evaluate our performance. We calculate constant currency percentages by converting our current period reported results for entities reporting in currencies other than U.S. dollars using comparative period exchange rates rather than the actual exchange rates in effect during the respective periods. The constant currency performance measures should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with U.S. GAAP. The Same Store amounts presented include the results of dealerships for the identical months in each period presented in comparison, commencing with the first full month in which the dealership was owned by us and, in the case of dispositions, ending with the last full month it was owned by us. Same Store results also include the activities of our corporate headquarters.
Certain amounts in the financial statements may not compute due to rounding. All computations have been calculated using unrounded amounts for all periods presented.
Investor contacts:
Terry Bratton
Manager, Investor Relations
Group 1 Automotive, Inc.
ir@group1auto.com
Media contacts:
Pete DeLongchamps
Senior Vice President, Financial Services and Manufacturer Relations
Group 1 Automotive, Inc.
pdelongchamps@group1auto.com
Kimberly Barta
Head of Marketing and Communications
Group 1 Automotive, Inc.
kbarta@group1auto.com
or
Jude Gorman / Clayton Erwin
Collected Strategies
Group1-CS@collectedstrategies.com
Group 1 Automotive, Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
(In millions, except per share data)
Three Months Ended September 30,
2025
2024
Increase/
(Decrease)
% Change
REVENUES:
New vehicle retail sales
$ 2,807.4
$ 2,567.6
$ 239.8
9.3 %
Used vehicle retail sales
1,852.1
1,656.5
195.6
11.8 %
Used vehicle wholesale sales
148.4
123.2
25.2
20.5 %
Parts and service sales
733.9
660.0
73.9
11.2 %
Finance, insurance and other, net
240.9
214.1
26.8
12.5 %
Total revenues
5,782.7
5,221.4
561.3
10.8 %
COST OF SALES:
New vehicle retail sales
2,621.3
2,384.4
236.9
9.9 %
Used vehicle retail sales
1,766.8
1,568.5
198.2
12.6 %
Used vehicle wholesale sales
148.7
122.8
25.9
21.1 %
Parts and service sales
326.3
293.1
33.2
11.3 %
Total cost of sales
4,863.0
4,368.7
494.3
11.3 %
GROSS PROFIT
919.7
852.7
67.0
7.9 %
Selling, general and administrative expenses
654.9
591.6
63.3
10.7 %
Depreciation and amortization expense
31.6
29.5
2.1
7.0 %
Asset impairments
123.9
—
123.9
100.0 %
Restructuring charges
1.6
—
1.6
100.0 %
INCOME FROM OPERATIONS
107.8
231.6
(123.8)
(53.4) %
Floorplan interest expense
23.7
31.1
(7.5)
(24.0) %
Other interest expense, net
48.0
39.8
8.2
20.6 %
Other expense
—
1.1
(1.1)
(100.0) %
INCOME BEFORE INCOME TAXES
36.2
159.6
(123.4)
(77.3) %
Provision for income taxes
23.0
42.5
(19.4)
(45.7) %
Net income from continuing operations
13.1
117.1
(104.0)
(88.8) %
Net (loss) income from discontinued operations
(0.2)
0.2
(0.4)
(203.6) %
NET INCOME
$ 13.0
$ 117.3
$ (104.3)
(88.9) %
Less: Earnings allocated to participating securities
0.1
2.4
(2.2)
(94.2) %
Net income available to diluted common shares
$ 12.8
$ 114.9
$ (102.1)
(88.8) %
Diluted earnings per share from continuing operations
$ 1.02
$ 8.68
$ (7.66)
(88.3) %
Diluted (loss) earnings per share from discontinued operations
$ (0.01)
$ 0.01
$ (0.03)
(208.1) %
DILUTED EARNINGS PER SHARE
$ 1.00
$ 8.69
$ (7.69)
(88.5) %
Weighted average dilutive common shares outstanding
12.8
13.2
(0.4)
(3.2) %
Weighted average participating securities
0.1
0.3
(0.1)
(49.6) %
Total weighted average shares
12.9
13.5
(0.6)
(4.1) %
Effective tax rate on continuing operations
63.7 %
26.6 %
37.1 %
Group 1 Automotive, Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
(In millions, except per share data)
Nine Months Ended September 30,
2025
2024
Increase/
(Decrease)
% Change
REVENUES:
New vehicle retail sales
$ 8,222.8
$ 7,114.3
$ 1,108.5
15.6 %
Used vehicle retail sales
5,455.7
4,526.5
929.3
20.5 %
Used vehicle wholesale sales
463.8
333.5
130.2
39.0 %
Parts and service sales
2,144.4
1,810.8
333.6
18.4 %
Finance, insurance and other, net
704.8
603.1
101.7
16.9 %
Total revenues
16,991.5
14,388.3
2,603.2
18.1 %
COST OF SALES:
New vehicle retail sales
7,648.7
6,601.6
1,047.1
15.9 %
Used vehicle retail sales
5,180.4
4,275.7
904.7
21.2 %
Used vehicle wholesale sales
462.0
335.2
126.8
37.8 %
Parts and service sales
953.0
814.0
139.0
17.1 %
Total cost of sales
14,244.1
12,026.5
2,217.6
18.4 %
GROSS PROFIT
2,747.4
2,361.8
385.6
16.3 %
Selling, general and administrative expenses
1,918.2
1,564.9
353.3
22.6 %
Depreciation and amortization expense
89.6
81.6
8.0
9.8 %
Asset impairments
124.6
—
124.6
100.0 %
Restructuring charges
20.3
—
20.3
100.0 %
INCOME FROM OPERATIONS
594.7
715.4
(120.7)
(16.9) %
Floorplan interest expense
77.0
76.3
0.6
0.8 %
Other interest expense, net
130.4
102.5
27.9
27.3 %
Other (income) expense
(0.2)
0.7
(0.9)
(134.8) %
INCOME BEFORE INCOME TAXES
387.5
535.8
(148.3)
(27.7) %
Provision for income taxes
106.8
133.5
(26.7)
(20.0) %
Net income from continuing operations
280.7
402.4
(121.6)
(30.2) %
Net income from discontinued operations
0.9
1.0
(0.1)
(10.7) %
NET INCOME
$ 281.6
$ 403.3
$ (121.7)
(30.2) %
Less: Earnings allocated to participating securities
3.2
8.6
(5.4)
(62.6) %
Net income available to diluted common shares
$ 278.4
$ 394.7
$ (116.3)
(29.5) %
Diluted earnings per share from continuing operations
$ 21.50
$ 29.61
$ (8.10)
(27.4) %
Diluted earnings per share from discontinued operations
$ 0.07
$ 0.07
$ (0.01)
(7.1) %
DILUTED EARNINGS PER SHARE
$ 21.57
$ 29.68
$ (8.11)
(27.3) %
Weighted average dilutive common shares outstanding
12.9
13.3
(0.4)
(3.0) %
Weighted average participating securities
0.1
0.3
(0.1)
(48.4) %
Total weighted average shares
13.1
13.6
(0.5)
(3.9) %
Effective tax rate on continuing operations
27.6 %
24.9 %
2.7 %
Group 1 Automotive, Inc.
Additional Information — Consolidated
(Unaudited)
September 30,
2025
December 31,
2024
Increase/(Decrease)
% Change
SELECTED BALANCE SHEET INFORMATION:
(In millions)
Cash and cash equivalents
$ 30.8
$ 34.4
$ (3.6)
(10.5) %
Inventories, net
$ 2,732.9
$ 2,636.8
$ 96.1
3.6 %
Floorplan notes payable, net (1)
$ 1,916.2
$ 2,022.1
$ (105.8)
(5.2) %
Total debt
$ 3,465.1
$ 2,913.1
$ 552.0
18.9 %
Total equity
$ 3,053.1
$ 2,974.3
$ 78.8
2.7 %
(1) Amounts are net of offset accounts of $402.9 and $288.2, respectively.
Three Months Ended September 30,
Nine Months Ended September 30,
2025
2024
2025
2024
NEW VEHICLE UNIT SALES GEOGRAPHIC MIX:
United States
72.6 %
73.8 %
71.2 %
78.4 %
United Kingdom
27.4 %
26.2 %
28.8 %
21.6 %
NEW VEHICLE UNIT SALES BRAND MIX:
Toyota/Lexus
26.8 %
23.8 %
25.5 %
25.2 %
Volkswagen/Audi/Porsche/SEAT/SKODA
14.1 %
16.3 %
15.2 %
14.5 %
BMW/MINI
12.4 %
9.6 %
12.1 %
10.6 %
Mercedes-Benz/Sprinter/smart
9.1 %
8.9 %
8.7 %
6.9 %
Honda/Acura
8.1 %
9.4 %
8.3 %
9.4 %
Chevrolet/GMC/Buick
8.2 %
9.0 %
8.2 %
9.2 %
Ford/Lincoln
7.2 %
6.9 %
6.9 %
7.1 %
Hyundai/Kia/Genesis
5.7 %
5.3 %
5.5 %
5.6 %
Jaguar/Land Rover
2.2 %
2.3 %
2.4 %
2.1 %
Subaru
1.8 %
3.2 %
2.3 %
3.3 %
Nissan
1.8 %
1.9 %
1.9 %
2.3 %
Chrysler/Dodge/Jeep/RAM/Citroën/Leapmotor
1.5 %
2.0 %
1.6 %
2.4 %
Mazda
1.1 %
1.2 %
1.1 %
1.2 %
Other
0.1 %
0.1 %
0.1 %
0.1 %
100.0 %
100.0 %
100.0 %
100.0 %
September 30,
2025
December 31,
2024
September 30,
2024
DAYS' SUPPLY IN INVENTORY (1):
Consolidated
New vehicle inventory
40
44
43
Used vehicle inventory
36
39
38
U.S.
New vehicle inventory
52
43
56
Used vehicle inventory
31
29
30
U.K.
New vehicle inventory
20
45
23
Used vehicle inventory
46
67
54
(1) Days' supply in inventory is calculated based on inventory unit levels and 30-day total unit sales volumes, both at the end of each reporting period.
Group 1 Automotive, Inc.
Reported Operating Data — Consolidated
(Unaudited)
(In millions, except unit data)
Three Months Ended September 30,
2025
2024
Increase/
(Decrease)
% Change
Currency
Impact on
Current
Period
Results
Constant
Currency
% Change
Revenues:
New vehicle retail sales
$ 2,807.4
$ 2,567.6
$ 239.8
9.3 %
$ 19.1
8.6 %
Used vehicle retail sales
1,852.1
1,656.5
195.6
11.8 %
20.9
10.5 %
Used vehicle wholesale sales
148.4
123.2
25.2
20.5 %
2.0
18.8 %
Total used
2,000.5
1,779.7
220.8
12.4 %
22.9
11.1 %
Parts and service sales
733.9
660.0
73.9
11.2 %
5.6
10.3 %
F&I, net
240.9
214.1
26.8
12.5 %
1.2
11.9 %
Total revenues
$ 5,782.7
$ 5,221.4
$ 561.3
10.8 %
$ 48.7
9.8 %
Gross profit:
New vehicle retail sales
$ 186.1
$ 183.2
$ 2.9
1.6 %
$ 1.4
0.8 %
Used vehicle retail sales
85.4
88.0
(2.6)
(3.0) %
0.8
(4.0) %
Used vehicle wholesale sales
(0.2)
0.4
(0.6)
NM
(0.1)
(146.7) %
Total used
85.1
88.4
(3.3)
(3.7) %
0.8
(4.6) %
Parts and service sales
407.6
367.0
40.7
11.1 %
3.1
10.2 %
F&I, net
240.9
214.1
26.8
12.5 %
1.2
11.9 %
Total gross profit
$ 919.7
$ 852.7
$ 67.0
7.9 %
$ 6.6
7.1 %
Gross margin:
New vehicle retail sales
6.6 %
7.1 %
(0.5) %
Used vehicle retail sales
4.6 %
5.3 %
(0.7) %
Used vehicle wholesale sales
(0.2) %
0.3 %
(0.5) %
Total used
4.3 %
5.0 %
(0.7) %
Parts and service sales
55.5 %
55.6 %
(0.1) %
Total gross margin
15.9 %
16.3 %
(0.4) %
Units sold:
Retail new vehicles sold (1)
57,269
53,775
3,494
6.5 %
Retail used vehicles sold (1)
59,574
55,907
3,667
6.6 %
Wholesale used vehicles sold
16,018
14,220
1,798
12.6 %
Total used
75,592
70,127
5,465
7.8 %
Average sales price per unit sold:
New vehicle retail (1)
$ 50,816
$ 48,390
$ 2,426
5.0 %
$ 342
4.3 %
Used vehicle retail (1)
$ 31,112
$ 29,630
$ 1,482
5.0 %
$ 351
3.8 %
Gross profit per unit sold:
New vehicle retail sales
$ 3,250
$ 3,407
$ (157)
(4.6) %
$ 25
(5.3) %
Used vehicle retail sales
$ 1,433
$ 1,574
$ (141)
(9.0) %
$ 14
(9.9) %
Used vehicle wholesale sales
$ (15)
$ 28
$ (44)
NM
$ (4)
(141.5) %
Total used
$ 1,126
$ 1,261
$ (135)
(10.7) %
$ 10
(11.5) %
F&I PRU
$ 2,061
$ 1,952
$ 109
5.6 %
$ 11
5.1 %
Other:
SG&A expenses
$ 654.9
$ 591.6
$ 63.3
10.7 %
$ 5.8
9.7 %
Adjusted SG&A expenses (2)
$ 645.0
$ 575.9
$ 69.1
12.0 %
$ 5.8
11.0 %
SG&A as % gross profit
71.2 %
69.4 %
1.8 %
Adjusted SG&A as % gross profit (2)
70.1 %
67.5 %
2.6 %
Operating margin %
1.9 %
4.4 %
(2.6) %
Adjusted operating margin % (2)
4.2 %
4.8 %
(0.5) %
Pretax margin %
0.6 %
3.1 %
(2.4) %
Adjusted pretax margin % (2)
3.0 %
3.4 %
(0.4) %
Floorplan expense:
Floorplan interest expense
$ 23.7
$ 31.1
$ (7.5)
(24.0) %
$ 0.2
(24.7) %
Less: Floorplan assistance (3)
23.5
24.1
(0.6)
(2.7) %
—
(2.7) %
Net floorplan expense
$ 0.2
$ 7.0
$ (6.8)
$ 0.2
(1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.
(2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.
(3) Floorplan assistance is included within New vehicle retail Gross profit above and New vehicle retail Cost of sales in our Condensed Consolidated Statements of Operations.
NM — Not Meaningful
Group 1 Automotive, Inc.
Reported Operating Data — Consolidated
(Unaudited)
(In millions, except unit data)
Nine Months Ended September 30,
2025
2024
Increase/
(Decrease)
% Change
Currency
Impact on
Current
Period
Results
Constant
Currency
% Change
Revenues:
New vehicle retail sales
$ 8,222.8
$ 7,114.3
$ 1,108.5
15.6 %
$ 46.6
14.9 %
Used vehicle retail sales
5,455.7
4,526.5
929.3
20.5 %
46.0
19.5 %
Used vehicle wholesale sales
463.8
333.5
130.2
39.0 %
5.3
37.5 %
Total used
5,919.5
4,860.0
1,059.5
21.8 %
51.3
20.7 %
Parts and service sales
2,144.4
1,810.8
333.6
18.4 %
11.8
17.8 %
F&I, net
704.8
603.1
101.7
16.9 %
2.7
16.4 %
Total revenues
$ 16,991.5
$ 14,388.3
$ 2,603.2
18.1 %
$ 112.3
17.3 %
Gross profit:
New vehicle retail sales
$ 574.1
$ 512.8
$ 61.4
12.0 %
$ 3.5
11.3 %
Used vehicle retail sales
275.3
250.8
24.6
9.8 %
1.8
9.1 %
Used vehicle wholesale sales
1.8
(1.6)
3.4
NM
(0.2)
NM
Total used
277.1
249.1
28.0
11.2 %
1.6
10.6 %
Parts and service sales
1,191.4
996.8
194.5
19.5 %
6.8
18.8 %
F&I, net
704.8
603.1
101.7
16.9 %
2.7
16.4 %
Total gross profit
$ 2,747.4
$ 2,361.8
$ 385.6
16.3 %
$ 14.6
15.7 %
Gross margin:
New vehicle retail sales
7.0 %
7.2 %
(0.2) %
Used vehicle retail sales
5.0 %
5.5 %
(0.5) %
Used vehicle wholesale sales
0.4 %
(0.5) %
0.9 %
Total used
4.7 %
5.1 %
(0.4) %
Parts and service sales
55.6 %
55.0 %
0.5 %
Total gross margin
16.2 %
16.4 %
(0.2) %
Units sold:
Retail new vehicles sold (1)
169,131
145,738
23,393
16.1 %
Retail used vehicles sold (1)
179,432
154,350
25,082
16.3 %
Wholesale used vehicles sold
49,402
37,867
11,535
30.5 %
Total used
228,834
192,217
36,617
19.0 %
Average sales price per unit sold:
New vehicle retail (1)
$ 50,415
$ 49,318
$ 1,097
2.2 %
$ 283
1.7 %
Used vehicle retail (1)
$ 30,425
$ 29,326
$ 1,099
3.7 %
$ 257
2.9 %
Gross profit per unit sold:
New vehicle retail sales
$ 3,394
$ 3,518
$ (124)
(3.5) %
$ 21
(4.1) %
Used vehicle retail sales
$ 1,534
$ 1,625
$ (90)
(5.5) %
$ 10
(6.2) %
Used vehicle wholesale sales
$ 36
$ (43)
$ 79
NM
$ (3)
NM
Total used
$ 1,211
$ 1,296
$ (85)
(6.6) %
$ 7
(7.1) %
F&I PRU
$ 2,022
$ 2,010
$ 12
0.6 %
$ 8
0.2 %
Other:
SG&A expenses
$ 1,918.2
$ 1,564.9
$ 353.3
22.6 %
$ 12.1
21.8 %
Adjusted SG&A expenses (2)
$ 1,907.8
$ 1,584.2
$ 323.6
20.4 %
$ 12.3
19.7 %
SG&A as % gross profit
69.8 %
66.3 %
3.6 %
Adjusted SG&A as % gross profit (2)
69.4 %
67.1 %
2.4 %
Operating margin %
3.5 %
5.0 %
(1.5) %
Adjusted operating margin % (2)
4.4 %
4.9 %
(0.4) %
Pretax margin %
2.3 %
3.7 %
(1.4) %
Adjusted pretax margin % (2)
3.2 %
3.6 %
(0.4) %
Floorplan expense:
Floorplan interest expense
$ 77.0
$ 76.3
$ 0.6
0.8 %
$ 0.4
0.3 %
Less: Floorplan assistance (3)
66.5
63.4
3.1
4.8 %
—
4.8 %
Net floorplan expense
$ 10.5
$ 12.9
$ (2.4)
$ 0.4
(1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.
(2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.
(3) Floorplan assistance is included within New vehicle retail Gross profit above and New vehicle retail Cost of sales in our Condensed Consolidated Statements of Operations.
NM — Not Meaningful
Group 1 Automotive, Inc.
Reported Operating Data — U.S.
(Unaudited)
(In millions, except unit data)
Three Months Ended September 30,
2025
2024
Increase/
(Decrease)
% Change
Revenues:
New vehicle retail sales
$ 2,187.0
$ 2,016.8
$ 170.2
8.4 %
Used vehicle retail sales
1,230.4
1,158.4
72.0
6.2 %
Used vehicle wholesale sales
90.9
82.9
8.1
9.7 %
Total used
1,321.3
1,241.2
80.1
6.4 %
Parts and service sales
567.6
528.4
39.1
7.4 %
F&I, net
202.1
184.6
17.4
9.4 %
Total revenues
$ 4,277.9
$ 3,971.1
$ 306.8
7.7 %
Gross profit:
New vehicle retail sales
$ 138.1
$ 140.2
$ (2.1)
(1.5) %
Used vehicle retail sales
60.6
61.2
(0.6)
(1.0) %
Used vehicle wholesale sales
1.1
1.3
(0.2)
(15.5) %
Total used
61.7
62.5
(0.8)
(1.3) %
Parts and service sales
313.1
290.8
22.3
7.7 %
F&I, net
202.1
184.6
17.4
9.4 %
Total gross profit
$ 715.0
$ 678.1
$ 36.9
5.4 %
Gross margin:
New vehicle retail sales
6.3 %
7.0 %
(0.6) %
Used vehicle retail sales
4.9 %
5.3 %
(0.4) %
Used vehicle wholesale sales
1.2 %
1.5 %
(0.4) %
Total used
4.7 %
5.0 %
(0.4) %
Parts and service sales
55.2 %
55.0 %
0.1 %
Total gross margin
16.7 %
17.1 %
(0.4) %
Units sold:
Retail new vehicles sold
41,582
39,700
1,882
4.7 %
Retail used vehicles sold
39,636
38,775
861
2.2 %
Wholesale used vehicles sold
9,984
9,577
407
4.2 %
Total used
49,620
48,352
1,268
2.6 %
Average sales price per unit sold:
New vehicle retail
$ 52,595
$ 50,801
$ 1,794
3.5 %
Used vehicle retail
$ 31,042
$ 29,874
$ 1,168
3.9 %
Gross profit per unit sold:
New vehicle retail sales
$ 3,322
$ 3,532
$ (210)
(5.9) %
Used vehicle retail sales
$ 1,529
$ 1,579
$ (50)
(3.1) %
Used vehicle wholesale sales
$ 108
$ 133
$ (25)
(18.9) %
Total used
$ 1,243
$ 1,293
$ (49)
(3.8) %
F&I PRU
$ 2,488
$ 2,353
$ 135
5.7 %
Other:
SG&A expenses
$ 481.2
$ 445.4
$ 35.7
8.0 %
Adjusted SG&A expenses (1)
$ 470.7
$ 436.2
$ 34.4
7.9 %
SG&A as % gross profit
67.3 %
65.7 %
1.6 %
Adjusted SG&A as % gross profit (1)
65.8 %
64.3 %
1.5 %
(1) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.
Group 1 Automotive, Inc.
Reported Operating Data — U.S.
(Unaudited)
(In millions, except unit data)
Nine Months Ended September 30,
2025
2024
Increase/
(Decrease)
% Change
Revenues:
New vehicle retail sales
$ 6,288.7
$ 5,826.2
$ 462.5
7.9 %
Used vehicle retail sales
3,577.9
3,409.7
168.2
4.9 %
Used vehicle wholesale sales
269.4
241.2
28.2
11.7 %
Total used
3,847.3
3,650.9
196.4
5.4 %
Parts and service sales
1,654.4
1,521.0
133.4
8.8 %
F&I, net
586.5
539.9
46.6
8.6 %
Total revenues
$ 12,376.9
$ 11,538.0
$ 838.8
7.3 %
Gross profit:
New vehicle retail sales
$ 419.2
$ 416.4
$ 2.9
0.7 %
Used vehicle retail sales
195.0
193.7
1.4
0.7 %
Used vehicle wholesale sales
6.2
3.9
2.2
55.8 %
Total used
201.2
197.6
3.6
1.8 %
Parts and service sales
911.8
831.1
80.7
9.7 %
F&I, net
586.5
539.9
46.6
8.6 %
Total gross profit
$ 2,118.7
$ 1,985.0
$ 133.7
6.7 %
Gross margin:
New vehicle retail sales
6.7 %
7.1 %
(0.5) %
Used vehicle retail sales
5.5 %
5.7 %
(0.2) %
Used vehicle wholesale sales
2.3 %
1.6 %
0.6 %
Total used
5.2 %
5.4 %
(0.2) %
Parts and service sales
55.1 %
54.6 %
0.5 %
Total gross margin
17.1 %
17.2 %
(0.1) %
Units sold:
Retail new vehicles sold
120,484
114,314
6,170
5.4 %
Retail used vehicles sold
117,914
115,271
2,643
2.3 %
Wholesale used vehicles sold
29,862
27,629
2,233
8.1 %
Total used
147,776
142,900
4,876
3.4 %
Average sales price per unit sold:
New vehicle retail
$ 52,195
$ 50,967
$ 1,228
2.4 %
Used vehicle retail
$ 30,344
$ 29,580
$ 763
2.6 %
Gross profit per unit sold:
New vehicle retail sales
$ 3,479
$ 3,642
$ (163)
(4.5) %
Used vehicle retail sales
$ 1,654
$ 1,680
$ (26)
(1.6) %
Used vehicle wholesale sales
$ 206
$ 143
$ 63
44.1 %
Total used
$ 1,361
$ 1,383
$ (22)
(1.6) %
F&I PRU
$ 2,460
$ 2,352
$ 109
4.6 %
Other:
SG&A expenses
$ 1,400.2
$ 1,257.9
$ 142.2
11.3 %
Adjusted SG&A expenses (1)
$ 1,390.1
$ 1,286.2
$ 103.9
8.1 %
SG&A as % gross profit
66.1 %
63.4 %
2.7 %
Adjusted SG&A as % gross profit (1)
65.6 %
64.8 %
0.8 %
( 1) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.
Group 1 Automotive, Inc.
Reported Operating Data — U.K.
(Unaudited)
(In millions, except unit data)
Three Months Ended September 30,
2025
2024
Increase/
(Decrease)
% Change
Currency
Impact on
Current
Period
Results
Constant
Currency
% Change
Revenues:
New vehicle retail sales
$ 620.4
$ 550.7
$ 69.6
12.6 %
$ 19.1
9.2 %
Used vehicle retail sales
621.8
498.2
123.6
24.8 %
20.9
20.6 %
Used vehicle wholesale sales
57.5
40.3
17.2
42.6 %
2.0
37.6 %
Total used
679.3
538.5
140.8
26.1 %
22.9
21.9 %
Parts and service sales
166.3
131.6
34.8
26.4 %
5.6
22.1 %
F&I, net
38.8
29.4
9.4
31.8 %
1.2
27.6 %
Total revenues
$ 1,504.8
$ 1,250.3
$ 254.5
20.4 %
$ 48.7
16.5 %
Gross profit:
New vehicle retail sales
$ 48.0
$ 43.0
$ 5.0
11.6 %
$ 1.4
8.3 %
Used vehicle retail sales
24.8
26.8
(2.0)
(7.6) %
0.8
(10.7) %
Used vehicle wholesale sales
(1.3)
(0.9)
(0.5)
(52.0) %
(0.1)
(45.1) %
Total used
23.4
25.9
(2.5)
(9.6) %
0.8
(12.6) %
Parts and service sales
94.5
76.2
18.3
24.1 %
3.1
19.9 %
F&I, net
38.8
29.4
9.4
31.8 %
1.2
27.6 %
Total gross profit
$ 204.7
$ 174.5
$ 30.2
17.3 %
$ 6.6
13.5 %
Gross margin:
New vehicle retail sales
7.7 %
7.8 %
(0.1) %
Used vehicle retail sales
4.0 %
5.4 %
(1.4) %
Used vehicle wholesale sales
(2.3) %
(2.2) %
(0.1) %
Total used
3.5 %
4.8 %
(1.4) %
Parts and service sales
56.8 %
57.9 %
(1.1) %
Total gross margin
13.6 %
14.0 %
(0.4) %
Units sold:
Retail new vehicles sold (1)
15,687
14,075
1,612
11.5 %
Retail used vehicles sold (1)
19,938
17,132
2,806
16.4 %
Wholesale used vehicles sold
6,034
4,643
1,391
30.0 %
Total used
25,972
21,775
4,197
19.3 %
Average sales price per unit sold:
New vehicle retail (1)
$ 45,326
$ 41,188
$ 4,138
10.0 %
$ 1,397
6.7 %
Used vehicle retail (1)
$ 31,251
$ 29,078
$ 2,173
7.5 %
$ 1,049
3.9 %
Gross profit per unit sold:
New vehicle retail sales
$ 3,059
$ 3,055
$ 4
0.1 %
$ 90
(2.8) %
Used vehicle retail sales
$ 1,242
$ 1,563
$ (322)
(20.6) %
$ 42
(23.3) %
Used vehicle wholesale sales
$ (219)
$ (187)
$ (32)
(16.9) %
$ (10)
(11.7) %
Total used
$ 902
$ 1,190
$ (288)
(24.2) %
$ 30
(26.7) %
F&I PRU
$ 1,089
$ 944
$ 145
15.4 %
$ 35
11.8 %
Other:
SG&A expenses
$ 173.7
$ 146.1
$ 27.6
18.9 %
$ 5.8
14.9 %
Adjusted SG&A expenses (2)
$ 174.3
$ 139.6
$ 34.7
24.8 %
$ 5.8
20.7 %
SG&A as % gross profit
84.9 %
83.7 %
1.1 %
Adjusted SG&A as % gross profit (2)
85.2 %
80.0 %
5.2 %
(1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.
(2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.
Group 1 Automotive, Inc.
Reported Operating Data — U.K.
(Unaudited)
(In millions, except unit data)
Nine Months Ended September 30,
2025
2024
Increase/
(Decrease)
% Change
Currency
Impact on
Current
Period
Results
Constant
Currency
% Change
Revenues:
New vehicle retail sales
$ 1,934.1
$ 1,288.2
$ 646.0
50.1 %
$ 46.6
46.5 %
Used vehicle retail sales
1,877.8
1,116.7
761.1
68.1 %
46.0
64.0 %
Used vehicle wholesale sales
194.4
92.3
102.0
110.5 %
5.3
104.8 %
Total used
2,072.2
1,209.1
863.1
71.4 %
51.3
67.1 %
Parts and service sales
490.0
289.8
200.2
69.1 %
11.8
65.0 %
F&I, net
118.3
63.2
55.1
87.2 %
2.7
82.9 %
Total revenues
$ 4,614.6
$ 2,850.2
$ 1,764.4
61.9 %
$ 112.3
58.0 %
Gross profit:
New vehicle retail sales
$ 154.9
$ 96.4
$ 58.5
60.7 %
$ 3.5
57.1 %
Used vehicle retail sales
80.3
57.1
23.2
40.7 %
1.8
37.5 %
Used vehicle wholesale sales
(4.4)
(5.6)
1.2
21.6 %
(0.2)
24.3 %
Total used
75.9
51.5
24.4
47.4 %
1.6
44.2 %
Parts and service sales
279.6
165.7
113.9
68.7 %
6.8
64.6 %
F&I, net
118.3
63.2
55.1
87.2 %
2.7
82.9 %
Total gross profit
$ 628.8
$ 376.8
$ 251.9
66.9 %
$ 14.6
63.0 %
Gross margin:
New vehicle retail sales
8.0 %
7.5 %
0.5 %
Used vehicle retail sales
4.3 %
5.1 %
(0.8) %
Used vehicle wholesale sales
(2.3) %
(6.0) %
3.8 %
Total used
3.7 %
4.3 %
(0.6) %
Parts and service sales
57.1 %
57.2 %
(0.1) %
Total gross margin
13.6 %
13.2 %
0.4 %
Units sold:
Retail new vehicles sold (1)
48,647
31,424
17,223
54.8 %
Retail used vehicles sold (1)
61,518
39,079
22,439
57.4 %
Wholesale used vehicles sold
19,540
10,238
9,302
90.9 %
Total used
81,058
49,317
31,741
64.4 %
Average sales price per unit sold:
New vehicle retail (1)
$ 45,327
$ 43,001
$ 2,325
5.4 %
$ 1,091
2.9 %
Used vehicle retail (1)
$ 30,582
$ 28,577
$ 2,005
7.0 %
$ 750
4.4 %
Gross profit per unit sold:
New vehicle retail sales
$ 3,184
$ 3,067
$ 117
3.8 %
$ 72
1.5 %
Used vehicle retail sales
$ 1,305
$ 1,461
$ (155)
(10.6) %
$ 29
(12.6) %
Used vehicle wholesale sales
$ (224)
$ (545)
$ 321
58.9 %
$ (8)
60.4 %
Total used
$ 937
$ 1,044
$ (108)
(10.3) %
$ 20
(12.2) %
F&I PRU
$ 1,074
$ 897
$ 178
19.8 %
$ 25
17.1 %
Other:
SG&A expenses
$ 518.1
$ 307.0
$ 211.1
68.8 %
$ 12.1
64.8 %
Adjusted SG&A expenses (2)
$ 517.7
$ 298.0
$ 219.7
73.7 %
$ 12.3
69.6 %
SG&A as % gross profit
82.4 %
81.5 %
0.9 %
Adjusted SG&A as % gross profit (2)
82.3 %
79.1 %
3.3 %
(1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.
(2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.
Group 1 Automotive, Inc.
Same Store Operating Data — Consolidated
(Unaudited)
(In millions, except unit data)
Three Months Ended September 30,
2025
2024
Increase/
(Decrease)
% Change
Currency
Impact on
Current
Period
Results
Constant
Currency
% Change
Revenues:
New vehicle retail sales
$ 2,644.7
$ 2,511.9
$ 132.8
5.3 %
$ 16.2
4.6 %
Used vehicle retail sales
1,707.6
1,604.4
103.2
6.4 %
17.3
5.4 %
Used vehicle wholesale sales
134.6
118.3
16.3
13.8 %
1.7
12.4 %
Total used
1,842.2
1,722.7
119.5
6.9 %
19.0
5.8 %
Parts and service sales
691.0
644.3
46.7
7.3 %
4.6
6.5 %
F&I, net
231.1
209.4
21.6
10.3 %
1.0
9.8 %
Total revenues
$ 5,409.0
$ 5,088.3
$ 320.6
6.3 %
$ 40.6
5.5 %
Gross profit:
New vehicle retail sales
$ 173.2
$ 179.5
$ (6.3)
(3.5) %
$ 1.2
(4.2) %
Used vehicle retail sales
79.5
84.4
(4.9)
(5.8) %
0.7
(6.7) %
Used vehicle wholesale sales
0.7
0.5
0.1
26.4 %
—
30.3 %
Total used
80.2
85.0
(4.8)
(5.6) %
0.7
(6.4) %
Parts and service sales
381.8
357.1
24.7
6.9 %
2.5
6.2 %
F&I, net
231.1
209.4
21.6
10.3 %
1.0
9.8 %
Total gross profit
$ 866.2
$ 831.0
$ 35.2
4.2 %
$ 5.4
3.6 %
Gross margin:
New vehicle retail sales
6.5 %
7.1 %
(0.6) %
Used vehicle retail sales
4.7 %
5.3 %
(0.6) %
Used vehicle wholesale sales
0.5 %
0.5 %
0.1 %
Total used
4.4 %
4.9 %
(0.6) %
Parts and service sales
55.3 %
55.4 %
(0.2) %
Total gross margin
16.0 %
16.3 %
(0.3) %
Units sold:
Retail new vehicles sold (1)
53,683
52,245
1,438
2.8 %
Retail used vehicles sold (1)
55,153
53,603
1,550
2.9 %
Wholesale used vehicles sold
14,722
13,492
1,230
9.1 %
Total used
69,875
67,095
2,780
4.1 %
Average sales price per unit sold:
New vehicle retail (1)
$ 50,881
$ 48,747
$ 2,134
4.4 %
$ 307
3.7 %
Used vehicle retail (1)
$ 30,981
$ 29,931
$ 1,050
3.5 %
$ 314
2.5 %
Gross profit per unit sold:
New vehicle retail sales
$ 3,226
$ 3,436
$ (210)
(6.1) %
$ 22
(6.8) %
Used vehicle retail sales
$ 1,441
$ 1,575
$ (134)
(8.5) %
$ 12
(9.3) %
Used vehicle wholesale sales
$ 47
$ 41
$ 6
15.8 %
$ (1)
19.5 %
Total used
$ 1,147
$ 1,266
$ (119)
(9.4) %
$ 10
(10.1) %
F&I PRU
$ 2,123
$ 1,979
$ 144
7.3 %
$ 10
6.8 %
Other:
SG&A expenses
$ 610.1
$ 573.5
$ 36.6
6.4 %
$ 4.8
5.5 %
Adjusted SG&A expenses (2)
$ 599.6
$ 557.3
$ 42.3
7.6 %
$ 4.8
6.7 %
SG&A as % gross profit
70.4 %
69.0 %
1.4 %
Adjusted SG&A as % gross profit (2)
69.2 %
67.1 %
2.2 %
Operating margin %
4.2 %
4.5 %
(0.3) %
Adjusted operating margin % (2)
4.4 %
4.8 %
(0.4) %
(1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.
(2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.
Group 1 Automotive, Inc.
Same Store Operating Data — Consolidated
(Unaudited)
(In millions, except unit data)
Nine Months Ended September 30,
2025
2024
Increase/
(Decrease)
% Change
Currency
Impact on
Current
Period
Results
Constant
Currency
% Change
Revenues:
New vehicle retail sales
$ 7,380.1
$ 6,974.3
$ 405.8
5.8 %
$ 34.9
5.3 %
Used vehicle retail sales
4,677.2
4,432.2
245.0
5.5 %
33.9
4.8 %
Used vehicle wholesale sales
372.4
324.7
47.7
14.7 %
3.5
13.6 %
Total used
5,049.6
4,756.9
292.7
6.2 %
37.4
5.4 %
Parts and service sales
1,914.7
1,769.9
144.8
8.2 %
8.4
7.7 %
F&I, net
651.8
592.6
59.2
10.0 %
2.1
9.6 %
Total revenues
$ 14,996.2
$ 14,093.7
$ 902.5
6.4 %
$ 82.7
5.8 %
Gross profit:
New vehicle retail sales
$ 495.6
$ 502.5
$ (6.9)
(1.4) %
$ 2.6
(1.9) %
Used vehicle retail sales
241.5
244.5
(2.9)
(1.2) %
1.4
(1.8) %
Used vehicle wholesale sales
4.0
(1.6)
5.7
NM
(0.1)
NM
Total used
245.6
242.8
2.8
1.1 %
1.3
0.6 %
Parts and service sales
1,059.6
973.4
86.3
8.9 %
4.8
8.4 %
F&I, net
651.8
592.6
59.2
10.0 %
2.1
9.6 %
Total gross profit
$ 2,452.6
$ 2,311.3
$ 141.3
6.1 %
$ 10.7
5.7 %
Gross margin:
New vehicle retail sales
6.7 %
7.2 %
(0.5) %
Used vehicle retail sales
5.2 %
5.5 %
(0.4) %
Used vehicle wholesale sales
1.1 %
(0.5) %
1.6 %
Total used
4.9 %
5.1 %
(0.2) %
Parts and service sales
55.3 %
55.0 %
0.3 %
Total gross margin
16.4 %
16.4 %
— %
Units sold:
Retail new vehicles sold (1)
147,646
142,278
5,368
3.8 %
Retail used vehicles sold (1)
155,301
150,437
4,864
3.2 %
Wholesale used vehicles sold
41,118
36,574
4,544
12.4 %
Total used
196,419
187,011
9,408
5.0 %
Average sales price per unit sold:
New vehicle retail (1)
$ 50,894
$ 49,536
$ 1,358
2.7 %
$ 238
2.3 %
Used vehicle retail (1)
$ 30,134
$ 29,462
$ 671
2.3 %
$ 218
1.5 %
Gross profit per unit sold:
New vehicle retail sales
$ 3,356
$ 3,532
$ (175)
(5.0) %
$ 18
(5.5) %
Used vehicle retail sales
$ 1,555
$ 1,625
$ (70)
(4.3) %
$ 9
(4.8) %
Used vehicle wholesale sales
$ 98
$ (45)
$ 143
NM
$ (3)
NM
Total used
$ 1,250
$ 1,298
$ (48)
(3.7) %
$ 7
(4.2) %
F&I PRU
$ 2,152
$ 2,025
$ 127
6.3 %
$ 7
5.9 %
Other:
SG&A expenses
$ 1,684.9
$ 1,573.2
$ 111.7
7.1 %
$ 8.8
6.5 %
Adjusted SG&A expenses (2)
$ 1,666.8
$ 1,539.5
$ 127.2
8.3 %
$ 8.9
7.7 %
SG&A as % gross profit
68.7 %
68.1 %
0.6 %
Adjusted SG&A as % gross profit (2)
68.0 %
66.6 %
1.3 %
Operating margin %
4.6 %
4.7 %
(0.1) %
Adjusted operating margin % (2)
4.7 %
5.0 %
(0.2) %
( 1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.
(2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.
NM — Not Meaningful
Group 1 Automotive, Inc.
Same Store Operating Data — U.S.
(Unaudited)
(In millions, except unit data)
Three Months Ended September 30,
2025
2024
Increase/
(Decrease)
% Change
Revenues:
New vehicle retail sales
$ 2,119.2
$ 1,970.1
$ 149.1
7.6 %
Used vehicle retail sales
1,191.4
1,130.1
61.3
5.4 %
Used vehicle wholesale sales
87.5
79.7
7.8
9.8 %
Total used
1,278.9
1,209.8
69.1
5.7 %
Parts and service sales
555.8
517.9
37.9
7.3 %
F&I, net
198.2
181.1
17.0
9.4 %
Total revenues
$ 4,152.1
$ 3,879.0
$ 273.1
7.0 %
Gross profit:
New vehicle retail sales
$ 132.7
$ 138.0
$ (5.3)
(3.8) %
Used vehicle retail sales
59.3
59.7
(0.4)
(0.6) %
Used vehicle wholesale sales
1.2
1.3
(0.1)
(9.5) %
Total used
60.5
61.0
(0.5)
(0.8) %
Parts and service sales
306.4
284.1
22.3
7.9 %
F&I, net
198.2
181.1
17.0
9.4 %
Total gross profit
$ 697.7
$ 664.2
$ 33.6
5.1 %
Gross margin:
New vehicle retail sales
6.3 %
7.0 %
(0.7) %
Used vehicle retail sales
5.0 %
5.3 %
(0.3) %
Used vehicle wholesale sales
1.3 %
1.6 %
(0.3) %
Total used
4.7 %
5.0 %
(0.3) %
Parts and service sales
55.1 %
54.8 %
0.3 %
Total gross margin
16.8 %
17.1 %
(0.3) %
Units sold:
Retail new vehicles sold
40,535
38,491
2,044
5.3 %
Retail used vehicles sold
38,552
37,613
939
2.5 %
Wholesale used vehicles sold
9,707
9,162
545
5.9 %
Total used
48,259
46,775
1,484
3.2 %
Average sales price per unit sold:
New vehicle retail
$ 52,281
$ 51,184
$ 1,097
2.1 %
Used vehicle retail
$ 30,904
$ 30,046
$ 858
2.9 %
Gross profit per unit sold:
New vehicle retail sales
$ 3,274
$ 3,585
$ (311)
(8.7) %
Used vehicle retail sales
$ 1,538
$ 1,587
$ (48)
(3.0) %
Used vehicle wholesale sales
$ 119
$ 139
$ (20)
(14.5) %
Total used
$ 1,253
$ 1,303
$ (50)
(3.9) %
F&I PRU
$ 2,506
$ 2,380
$ 126
5.3 %
Other:
SG&A expenses
$ 466.7
$ 434.8
$ 31.9
7.3 %
Adjusted SG&A expenses (1)
$ 456.2
$ 425.0
$ 31.1
7.3 %
SG&A as % gross profit
66.9 %
65.5 %
1.4 %
Adjusted SG&A as % gross profit (1)
65.4 %
64.0 %
1.4 %
(1) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.
Group 1 Automotive, Inc.
Same Store Operating Data — U.S.
(Unaudited)
(In millions, except unit data)
Nine Months Ended September 30,
2025
2024
Increase/
(Decrease)
% Change
Revenues:
New vehicle retail sales
$ 6,113.0
$ 5,695.1
$ 417.8
7.3 %
Used vehicle retail sales
3,490.1
3,339.4
150.8
4.5 %
Used vehicle wholesale sales
261.5
234.0
27.5
11.7 %
Total used
3,751.7
3,573.4
178.3
5.0 %
Parts and service sales
1,618.5
1,491.1
127.5
8.5 %
F&I, net
575.9
530.6
45.3
8.5 %
Total revenues
$ 12,059.0
$ 11,290.2
$ 768.9
6.8 %
Gross profit:
New vehicle retail sales
$ 403.1
$ 407.6
$ (4.5)
(1.1) %
Used vehicle retail sales
190.8
189.4
1.4
0.7 %
Used vehicle wholesale sales
6.1
3.8
2.3
61.2 %
Total used
196.9
193.2
3.7
1.9 %
Parts and service sales
889.9
813.4
76.4
9.4 %
F&I, net
575.9
530.6
45.3
8.5 %
Total gross profit
$ 2,065.7
$ 1,944.8
$ 120.9
6.2 %
Gross margin:
New vehicle retail sales
6.6 %
7.2 %
(0.6) %
Used vehicle retail sales
5.5 %
5.7 %
(0.2) %
Used vehicle wholesale sales
2.3 %
1.6 %
0.7 %
Total used
5.2 %
5.4 %
(0.2) %
Parts and service sales
55.0 %
54.6 %
0.4 %
Total gross margin
17.1 %
17.2 %
(0.1) %
Units sold:
Retail new vehicles sold
117,290
111,175
6,115
5.5 %
Retail used vehicles sold
115,225
112,500
2,725
2.4 %
Wholesale used vehicles sold
29,083
26,649
2,434
9.1 %
Total used
144,308
139,149
5,159
3.7 %
Average sales price per unit sold:
New vehicle retail
$ 52,118
$ 51,227
$ 892
1.7 %
Used vehicle retail
$ 30,290
$ 29,683
$ 607
2.0 %
Gross profit per unit sold:
New vehicle retail sales
$ 3,437
$ 3,666
$ (229)
(6.3) %
Used vehicle retail sales
$ 1,656
$ 1,684
$ (28)
(1.7) %
Used vehicle wholesale sales
$ 210
$ 142
$ 68
47.7 %
Total used
$ 1,364
$ 1,389
$ (24)
(1.7) %
F&I PRU
$ 2,477
$ 2,372
$ 105
4.4 %
Other:
SG&A expenses
$ 1,368.8
$ 1,276.3
$ 92.5
7.2 %
Adjusted SG&A expenses (1)
$ 1,351.7
$ 1,251.7
$ 100.0
8.0 %
SG&A as % gross profit
66.3 %
65.6 %
0.6 %
Adjusted SG&A as % gross profit (1)
65.4 %
64.4 %
1.1 %
(1) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.
Group 1 Automotive, Inc.
Same Store Operating Data — U.K.
(Unaudited)
(In millions, except unit data)
Three Months Ended September 30,
2025
2024
Increase/
(Decrease)
% Change
Currency
Impact on
Current
Period
Results
Constant
Currency
% Change
Revenues:
New vehicle retail sales
$ 525.5
$ 541.8
$ (16.3)
(3.0) %
$ 16.2
(6.0) %
Used vehicle retail sales
516.1
474.3
41.9
8.8 %
17.3
5.2 %
Used vehicle wholesale sales
47.1
38.6
8.5
22.0 %
1.7
17.7 %
Total used
563.3
512.9
50.4
9.8 %
19.0
6.1 %
Parts and service sales
135.2
126.4
8.9
7.0 %
4.6
3.4 %
F&I, net
32.9
28.3
4.6
16.3 %
1.0
12.6 %
Total revenues
$ 1,256.9
$ 1,209.3
$ 47.5
3.9 %
$ 40.6
0.6 %
Gross profit:
New vehicle retail sales
$ 40.5
$ 41.5
$ (1.1)
(2.5) %
$ 1.2
(5.4) %
Used vehicle retail sales
20.2
24.7
(4.6)
(18.4) %
0.7
(21.2) %
Used vehicle wholesale sales
(0.5)
(0.7)
0.3
36.3 %
—
39.3 %
Total used
19.7
24.0
(4.3)
(17.9) %
0.7
(20.7) %
Parts and service sales
75.4
73.0
2.4
3.3 %
2.5
(0.2) %
F&I, net
32.9
28.3
4.6
16.3 %
1.0
12.6 %
Total gross profit
$ 168.5
$ 166.8
$ 1.6
1.0 %
$ 5.4
(2.3) %
Gross margin:
New vehicle retail sales
7.7 %
7.7 %
— %
Used vehicle retail sales
3.9 %
5.2 %
(1.3) %
Used vehicle wholesale sales
(1.0) %
(1.9) %
0.9 %
Total used
3.5 %
4.7 %
(1.2) %
Parts and service sales
55.8 %
57.8 %
(2.0) %
Total gross margin
13.4 %
13.8 %
(0.4) %
Units sold:
Retail new vehicles sold (1)
13,148
13,754
(606)
(4.4) %
Retail used vehicles sold (1)
16,601
15,990
611
3.8 %
Wholesale used vehicles sold
5,015
4,330
685
15.8 %
Total used
21,616
20,320
1,296
6.4 %
Average sales price per unit sold:
New vehicle retail (1)
$ 45,853
$ 41,517
$ 4,336
10.4 %
$ 1,411
7.0 %
Used vehicle retail (1)
$ 31,160
$ 29,660
$ 1,499
5.1 %
$ 1,045
1.5 %
Gross profit per unit sold:
New vehicle retail sales
$ 3,077
$ 3,019
$ 59
1.9 %
$ 90
(1.0) %
Used vehicle retail sales
$ 1,215
$ 1,547
$ (332)
(21.4) %
$ 41
(24.1) %
Used vehicle wholesale sales
$ (92)
$ (168)
$ 76
45.0 %
$ (4)
47.6 %
Total used
$ 912
$ 1,182
$ (270)
(22.8) %
$ 31
(25.4) %
F&I PRU
$ 1,106
$ 952
$ 155
16.2 %
$ 35
12.6 %
Other:
SG&A expenses
$ 143.4
$ 138.7
$ 4.7
3.4 %
$ 4.8
(0.1) %
Adjusted SG&A expenses (2)
$ 143.4
$ 132.2
$ 11.2
8.5 %
$ 4.8
4.8 %
SG&A as % gross profit
85.1 %
83.1 %
2.0 %
Adjusted SG&A as % gross profit (2)
85.1 %
79.3 %
5.9 %
(1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.
(2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.
Group 1 Automotive, Inc.
Same Store Operating Data — U.K.
(Unaudited)
(In millions, except unit data)
Nine Months Ended September 30,
2025
2024
Increase/
(Decrease)
% Change
Currency
Impact on
Current
Period
Results
Constant
Currency
% Change
Revenues:
New vehicle retail sales
$ 1,267.1
$ 1,279.2
$ (12.0)
(0.9) %
$ 34.9
(3.7) %
Used vehicle retail sales
1,187.0
1,092.8
94.2
8.6 %
33.9
5.5 %
Used vehicle wholesale sales
110.9
90.7
20.2
22.3 %
3.5
18.4 %
Total used
1,297.9
1,183.5
114.4
9.7 %
37.4
6.5 %
Parts and service sales
296.1
278.8
17.3
6.2 %
8.4
3.2 %
F&I, net
76.0
62.1
13.9
22.4 %
2.1
19.1 %
Total revenues
$ 2,937.2
$ 2,803.6
$ 133.6
4.8 %
$ 82.7
1.8 %
Gross profit:
New vehicle retail sales
$ 92.5
$ 94.9
$ (2.4)
(2.5) %
$ 2.6
(5.3) %
Used vehicle retail sales
50.8
55.0
(4.3)
(7.8) %
1.4
(10.3) %
Used vehicle wholesale sales
(2.1)
(5.4)
3.4
61.9 %
(0.1)
64.0 %
Total used
48.7
49.6
(0.9)
(1.8) %
1.3
(4.4) %
Parts and service sales
169.8
159.9
9.8
6.1 %
4.8
3.1 %
F&I, net
76.0
62.1
13.9
22.4 %
2.1
19.1 %
Total gross profit
$ 386.9
$ 366.5
$ 20.4
5.6 %
$ 10.7
2.6 %
Gross margin:
New vehicle retail sales
7.3 %
7.4 %
(0.1) %
Used vehicle retail sales
4.3 %
5.0 %
(0.8) %
Used vehicle wholesale sales
(1.9) %
(6.0) %
4.1 %
Total used
3.8 %
4.2 %
(0.4) %
Parts and service sales
57.3 %
57.4 %
— %
Total gross margin
13.2 %
13.1 %
0.1 %
Units sold:
Retail new vehicles sold (1)
30,356
31,103
(747)
(2.4) %
Retail used vehicles sold (1)
40,076
37,937
2,139
5.6 %
Wholesale used vehicles sold
12,035
9,925
2,110
21.3 %
Total used
52,111
47,862
4,249
8.9 %
Average sales price per unit sold:
New vehicle retail (1)
$ 45,669
$ 43,166
$ 2,503
5.8 %
$ 1,255
2.9 %
Used vehicle retail (1)
$ 29,684
$ 28,807
$ 877
3.0 %
$ 847
0.1 %
Gross profit per unit sold:
New vehicle retail sales
$ 3,047
$ 3,051
$ (4)
(0.1) %
$ 86
(2.9) %
Used vehicle retail sales
$ 1,267
$ 1,451
$ (184)
(12.7) %
$ 35
(15.1) %
Used vehicle wholesale sales
$ (172)
$ (548)
$ 376
68.5 %
$ (9)
70.3 %
Total used
$ 934
$ 1,036
$ (102)
(9.8) %
$ 25
(12.2) %
F&I PRU
$ 1,078
$ 899
$ 179
19.9 %
$ 29
16.7 %
Other:
SG&A expenses
$ 316.1
$ 296.8
$ 19.2
6.5 %
$ 8.8
3.5 %
Adjusted SG&A expenses (2)
$ 315.1
$ 287.8
$ 27.3
9.5 %
$ 8.9
6.4 %
SG&A as % gross profit
81.7 %
81.0 %
0.7 %
Adjusted SG&A as % gross profit (2)
81.4 %
78.5 %
2.9 %
(1) Retail new and used vehicle units sold include new and used vehicle agency units. The agency units and related revenues are excluded from the calculation of the average sales price per unit sold for new and used vehicles due to their net presentation within revenues. The agency units and related net revenues are included in the calculation of gross profit per unit sold.
(2) See the section in this release titled "Reconciliation of Certain Non-GAAP Financial Measures" for the GAAP to non-GAAP reconciliation of these figures.
Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures — Consolidated
(Unaudited)
(In millions, except per share data)
Three Months Ended September 30, 2025
U.S. GAAP
Catastrophic
events
Dealership
and real
estate
transactions
Severance
costs
Restructuring
charges
Acquisition
costs
Legal items
and other
professional
fees
Asset
impairments
and
accelerated
depreciation
Non-GAAP
adjusted
SG&A expenses
$ 654.9
$ 0.2
$ 0.6
$ (0.4)
$ —
$ (4.3)
$ (6.0)
$ —
$ 645.0
Depreciation and amortization expense
$ 31.6
$ —
$ —
$ —
$ —
$ —
$ —
$ (1.6)
$ 30.0
Asset impairments
$ 123.9
$ —
$ —
$ —
$ —
$ —
$ —
$ (123.9)
$ —
Restructuring charges
$ 1.6
$ —
$ —
$ —
$ (1.6)
$ —
$ —
$ —
$ —
Income (loss) from operations
$ 107.8
$ (0.2)
$ (0.6)
$ 0.4
$ 1.6
$ 4.3
$ 6.0
$ 125.5
$ 244.7
Income (loss) before income taxes
$ 36.2
$ (0.2)
$ (0.6)
$ 0.4
$ 1.6
$ 4.3
$ 6.0
$ 125.5
$ 173.1
Less: Provision (benefit) for income taxes
23.0
(0.1)
(0.2)
0.1
—
1.0
1.4
12.6
38.0
Net income (loss) from continuing operations
13.1
(0.2)
(0.5)
0.3
1.6
3.3
4.6
112.9
135.1
Less: Earnings allocated to participating securities
0.1
—
—
—
—
—
—
1.2
1.4
Net income (loss) from continuing operations available to diluted common shares
$ 13.0
$ (0.2)
$ (0.5)
$ 0.3
$ 1.5
$ 3.2
$ 4.5
$ 111.7
$ 133.7
Diluted earnings (loss) per common share from continuing operations
$ 1.02
$ (0.01)
$ (0.04)
$ 0.02
$ 0.12
$ 0.25
$ 0.35
$ 8.73
$ 10.45
Effective tax rate
63.7 %
21.9 %
SG&A as % gross profit (1)
71.2 %
70.1 %
Operating margin (2)
1.9 %
4.2 %
Pretax margin (3)
0.6 %
3.0 %
Same Store SG&A expenses
$ 610.1
$ 0.2
$ —
$ (0.4)
$ —
$ (4.3)
$ (6.0)
$ —
$ 599.6
Same Store SG&A as % gross profit (1)
70.4 %
69.2 %
Same Store income (loss) from operations
$ 226.6
$ (0.2)
$ —
$ 0.4
$ —
$ 4.3
$ 6.0
$ 1.6
$ 238.7
Same Store operating margin (2)
4.2 %
4.4 %
U.S. GAAP
Non-GAAP
adjustments
Non-GAAP
adjusted
Net loss from discontinued operations
$ (0.2)
$ —
$ (0.2)
Less: Loss allocated to participating securities
—
—
—
Net loss from discontinued operations available to diluted common shares
$ (0.2)
$ —
$ (0.2)
Net income
$ 13.0
$ 122.0
$ 134.9
Less: Earnings allocated to participating securities
0.1
1.3
1.4
Net income available to diluted common shares
$ 12.8
$ 120.7
$ 133.5
Diluted loss per common share from discontinued operations
$ (0.01)
$ —
$ (0.01)
Diluted earnings per common share from continuing operations
1.02
9.43
10.45
Diluted earnings per common share
$ 1.00
$ 9.43
$ 10.43
(1) Adjusted SG&A as % of gross profit excludes the impact of SG&A reconciling items above.
(2) Adjusted operating margin excludes the impact of SG&A reconciling items, accelerated depreciation expense, asset impairment charges and restructuring charges.
(3) Adjusted pretax margin excludes the impact of SG&A reconciling items, accelerated depreciation expense, asset impairment charges and restructuring charges.
Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures — Consolidated
(Unaudited)
(In millions, except per share data)
Three Months Ended September 30, 2024
U.S.
GAAP
Catastrophic
events
Dealership
and real
estate
transactions
Severance
costs
Acquisition
costs
Legal items
and other
professional
fees
Accelerated
depreciation
Non-GAAP
adjusted
SG&A expenses
$ 591.6
$ (0.7)
$ 0.6
$ (0.4)
$ (14.8)
$ (0.3)
$ —
$ 575.9
Depreciation and amortization expense
$ 29.5
$ —
$ —
$ —
$ —
$ —
$ (1.3)
$ 28.2
Income (loss) from operations
$ 231.6
$ 0.7
$ (0.6)
$ 0.4
$ 14.8
$ 0.3
$ 1.3
$ 248.6
Income (loss) before income taxes
$ 159.6
$ 0.7
$ (0.6)
$ 0.4
$ 14.8
$ 0.3
$ 1.3
$ 176.6
Less: Provision (benefit) for income taxes
42.5
0.2
(0.8)
0.1
0.7
0.1
0.3
43.1
Net income from continuing operations
117.1
0.6
0.2
0.3
14.2
0.2
1.0
133.5
Less: Earnings allocated to participating securities
2.4
—
—
—
0.3
—
—
2.7
Net income from continuing operations available to diluted common shares
$ 114.7
$ 0.5
$ 0.2
$ 0.3
$ 13.9
$ 0.2
$ 1.0
$ 130.8
Diluted earnings per common share from continuing operations
$ 8.68
$ 0.04
$ 0.01
$ 0.02
$ 1.05
$ 0.02
$ 0.07
$ 9.90
Effective tax rate
26.6 %
24.4 %
SG&A as % gross profit (1)
69.4 %
67.5 %
Operating margin (2)
4.4 %
4.8 %
Pretax margin (3)
3.1 %
3.4 %
Same Store SG&A expenses
$ 573.5
$ (0.7)
$ —
$ (0.4)
$ (14.8)
$ (0.3)
$ —
$ 557.3
Same Store SG&A as % gross profit (1)
69.0 %
67.1 %
Same Store income from operations
$ 229.0
$ 0.7
$ —
$ 0.4
$ 14.8
$ 0.3
$ 1.3
$ 246.6
Same Store operating margin (2)
4.5 %
4.8 %
U.S. GAAP
Non-GAAP
adjustments
Non-GAAP
adjusted
Net income from discontinued operations
$ 0.2
$ —
$ 0.2
Less: Earnings allocated to participating securities
—
—
—
Net income from discontinued operations available to diluted common shares
$ 0.2
$ —
$ 0.2
Net income
$ 117.3
$ 16.4
$ 133.7
Less: Earnings allocated to participating securities
2.4
0.3
2.7
Net income available to diluted common shares
$ 114.9
$ 16.1
$ 131.0
Diluted earnings per common share from discontinued operations
$ 0.01
$ —
$ 0.01
Diluted earnings per common share from continuing operations
8.68
1.22
9.90
Diluted earnings per common share
$ 8.69
$ 1.22
$ 9.91
(1) Adjusted SG&A as % of gross profit excludes the impact of SG&A reconciling items above.
(2) Adjusted operating margin excludes the impact of SG&A reconciling items and accelerated depreciation expense.
(3) Adjusted pretax margin excludes the impact of SG&A reconciling items and accelerated depreciation expense.
Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures — Consolidated
(Unaudited)
(In millions, except per share data)
Nine Months Ended September 30, 2025
U.S. GAAP
Catastrophic
events
Dealership
and real
estate
transactions
Severance
costs
Restructuring
charges
Acquisition
costs
Legal items
and other
professional
fees
Asset
impairments
and
accelerated
depreciation
Non-GAAP
adjusted
SG&A expenses
$ 1,918.2
$ (1.2)
$ 7.8
$ (1.4)
$ —
$ (6.1)
$ (9.4)
$ —
$ 1,907.8
Depreciation and amortization expense
$ 89.6
$ —
$ —
$ —
$ —
$ —
$ —
$ (3.0)
$ 86.6
Asset impairments
$ 124.6
$ —
$ —
$ —
$ —
$ —
$ —
$ (124.6)
$ —
Restructuring charges
$ 20.3
$ —
$ —
$ —
$ (20.3)
$ —
$ —
$ —
$ —
Income (loss) from operations
$ 594.7
$ 1.2
$ (7.8)
$ 1.4
$ 20.3
$ 6.1
$ 9.4
$ 127.6
$ 753.0
Income (loss) before income taxes
$ 387.5
$ 1.2
$ (7.8)
$ 1.4
$ 20.3
$ 6.1
$ 9.4
$ 127.6
$ 545.9
Less: Provision (benefit) for income taxes
106.8
0.3
(1.3)
0.1
4.0
1.2
2.3
13.1
126.4
Net income (loss) from continuing operations
280.7
0.9
(6.4)
1.3
16.3
4.9
7.2
114.5
419.5
Less: Earnings (loss) allocated to participating securities
3.2
—
(0.1)
—
0.2
0.1
0.1
1.3
4.8
Net income (loss) from continuing operations available to diluted common shares
$ 277.5
$ 0.9
$ (6.3)
$ 1.3
$ 16.1
$ 4.8
$ 7.1
$ 113.2
$ 414.7
Diluted earnings (loss) per common share from continuing operations
$ 21.50
$ 0.07
$ (0.49)
$ 0.10
$ 1.25
$ 0.37
$ 0.55
$ 8.77
$ 32.13
Effective tax rate
27.6 %
23.2 %
SG&A as % gross profit (1)
69.8 %
69.4 %
Operating margin (2)
3.5 %
4.4 %
Pretax margin (3)
2.3 %
3.2 %
Same Store SG&A expenses
$ 1,684.9
$ (1.2)
$ —
$ (1.4)
$ —
$ (6.1)
$ (9.4)
$ —
$ 1,666.8
Same Store SG&A as % gross profit (1)
68.7 %
68.0 %
Same Store income from operations
$ 688.5
$ 1.2
$ —
$ 1.4
$ —
$ 6.1
$ 9.4
$ 2.2
$ 708.8
Same Store operating margin (2)
4.6 %
4.7 %
U.S. GAAP
Non-GAAP
adjustments
Non-GAAP
adjusted
Net income from discontinued operations
$ 0.9
$ —
$ 0.9
Less: Earnings allocated to participating securities
—
—
—
Net income from discontinued operations available to diluted common shares
$ 0.8
$ —
$ 0.8
Net income
$ 281.6
$ 138.8
$ 420.3
Less: Earnings allocated to participating securities
3.2
1.6
4.8
Net income available to diluted common shares
$ 278.4
$ 137.2
$ 415.5
Diluted earnings per common share from discontinued operations
$ 0.07
$ —
$ 0.07
Diluted earnings per common share from continuing operations
21.50
10.63
32.13
Diluted earnings per common share
$ 21.57
$ 10.63
$ 32.20
(1) Adjusted SG&A as % of gross profit excludes the impact of SG&A reconciling items above.
(2) Adjusted operating margin excludes the impact of SG&A reconciling items, accelerated depreciation expense, asset impairment charges and restructuring charges.
(3) Adjusted pretax margin excludes the impact of SG&A reconciling items, accelerated depreciation expense, asset impairment charges and restructuring charges.
Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures — Consolidated
(Unaudited)
(In millions, except per share data)
Nine Months Ended September 30, 2024
U.S. GAAP
Catastrophic
events
Dealership
and real
estate
transactions
Severance
costs
Acquisition
costs
Legal items
and other
professional
fees
Accelerated
depreciation
Non-GAAP
adjusted
SG&A expenses
$ 1,564.9
$ (9.8)
$ 52.9
$ (1.0)
$ (19.3)
$ (3.5)
$ —
$ 1,584.2
Depreciation and amortization expense
$ 81.6
$ —
$ —
—
$ —
$ —
$ (5.5)
$ 76.1
Income (loss) from operations
$ 715.4
$ 9.8
$ (52.9)
1.0
$ 19.3
$ 3.5
$ 5.5
$ 701.5
Income (loss) before income taxes
$ 535.8
$ 9.8
$ (52.9)
$ 1.0
$ 19.3
$ 3.5
$ 5.5
$ 522.0
Less: Provision (benefit) for income taxes
133.5
2.4
(14.2)
0.2
1.3
0.9
1.3
125.3
Net income (loss) from continuing operations
402.4
7.5
(38.7)
0.7
18.0
2.7
4.2
396.7
Less: Earnings (loss) allocated to participating securities
8.6
0.2
(0.8)
—
0.4
0.1
0.1
8.5
Net income (loss) from continuing operations available to diluted common shares
$ 393.8
$ 7.3
$ (37.9)
$ 0.7
$ 17.6
$ 2.6
$ 4.1
$ 388.2
Diluted earnings (loss) per common share from continuing operations
$ 29.61
$ 0.55
$ (2.85)
$ 0.05
$ 1.33
$ 0.20
$ 0.31
$ 29.19
Effective tax rate
24.9 %
24.0 %
SG&A as % gross profit (1)
66.3 %
67.1 %
Operating margin (2)
5.0 %
4.9 %
Pretax margin (3)
3.7 %
3.6 %
Same Store SG&A expenses
$ 1,573.2
$ (9.8)
$ —
$ (1.0)
$ (19.3)
$ (3.5)
$ —
$ 1,539.5
Same Store SG&A as % gross profit (1)
68.1 %
66.6 %
Same Store income from operations
$ 659.7
$ 9.8
$ —
$ 1.0
$ 19.3
$ 3.5
$ 5.5
$ 698.8
Same Store operating margin (2)
4.7 %
5.0 %
U.S. GAAP
Non-GAAP
adjustments
Non-GAAP
adjusted
Net income from discontinued operations
$ 1.0
$ —
$ 1.0
Less: Earnings allocated to participating securities
—
—
—
Net income from discontinued operations available to diluted common shares
$ 0.9
$ —
$ 0.9
Net income (loss)
$ 403.3
$ (5.7)
$ 397.7
Less: Earnings (loss) allocated to participating securities
8.6
(0.1)
8.5
Net income (loss) available to diluted common shares
$ 394.7
$ (5.5)
$ 389.2
Diluted earnings per common share from discontinued operations
$ 0.07
$ —
$ 0.07
Diluted earnings (loss) per common share from continuing operations
29.61
(0.42)
29.19
Diluted earnings (loss) per common share
$ 29.68
$ (0.42)
$ 29.26
(1) Adjusted SG&A as % of gross profit excludes the impact of SG&A reconciling items above.
(2) Adjusted operating margin excludes the impact of SG&A reconciling items and accelerated depreciation expense.
(3) Adjusted pretax margin excludes the impact of SG&A reconciling items and accelerated depreciation expense.
Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures — U.S.
(Unaudited)
(In millions)
Three Months Ended September 30, 2025
U.S. GAAP
Catastrophic
events
Severance
costs
Acquisition
costs
Legal items
and other
professional
fees
Non-GAAP
adjusted
SG&A expenses
$ 481.2
$ 0.2
$ (0.4)
$ (4.3)
$ (6.0)
$ 470.7
SG&A as % gross profit (1)
67.3 %
65.8 %
Same Store SG&A expenses
$ 466.7
$ 0.2
$ (0.4)
$ (4.3)
$ (6.0)
$ 456.2
Same Store SG&A as % gross profit (1)
66.9 %
65.4 %
Three Months Ended September 30, 2024
U.S. GAAP
Catastrophic
events
Dealership
and real estate
transactions
Acquisition
costs
Legal items
and other
professional
fees
Non-GAAP
adjusted
SG&A expenses
$ 445.4
$ (0.7)
$ 0.6
$ (8.7)
$ (0.3)
$ 436.2
SG&A as % gross profit (1)
65.7 %
64.3 %
Same Store SG&A expenses
$ 434.8
$ (0.7)
$ —
$ (8.7)
$ (0.3)
$ 425.0
Same Store SG&A as % gross profit (1)
65.5 %
64.0 %
Nine Months Ended September 30, 2025
U.S. GAAP
Catastrophic
events
Dealership
and real estate
transactions
Severance
costs
Acquisition
costs
Legal items
and other
professional
fees
Non-GAAP
adjusted
SG&A expenses
$ 1,400.2
$ (1.2)
$ 7.1
$ (1.4)
$ (5.1)
$ (9.4)
$ 1,390.1
SG&A as % gross profit (1)
66.1 %
65.6 %
Same Store SG&A expenses
$ 1,368.8
$ (1.2)
$ —
$ (1.4)
$ (5.0)
$ (9.4)
$ 1,351.7
Same Store SG&A as % gross profit (1)
66.3 %
65.4 %
Nine Months Ended September 30, 2024
U.S. GAAP
Catastrophic
events
Dealership
and real estate
transactions
Acquisition
costs
Legal items
and other
professional
fees
Non-GAAP
adjusted
SG&A expenses
$ 1,257.9
$ (9.8)
$ 52.9
$ (11.3)
$ (3.5)
$ 1,286.2
SG&A as % gross profit (1)
63.4 %
64.8 %
Same Store SG&A expenses
$ 1,276.3
$ (9.8)
$ —
$ (11.3)
$ (3.5)
$ 1,251.7
Same Store SG&A as % gross profit (1)
65.6 %
64.4 %
(1) Adjusted SG&A as % of gross profit excludes the impact of SG&A reconciling items above.
Group 1 Automotive, Inc.
Reconciliation of Certain Non-GAAP Financial Measures — U.K.
(Unaudited)
(In millions)
Three Months Ended September 30, 2025
U.S. GAAP
Dealership and real
estate transactions
Non-GAAP Adjusted
SG&A expenses
$ 173.7
$ 0.6
$ 174.3
SG&A as % gross profit (1)
84.9 %
85.2 %
Same Store SG&A expenses
$ 143.4
$ —
$ 143.4
Same Store SG&A as % gross profit (1)
85.1 %
85.1 %
Three Months Ended September 30, 2024
U.S. GAAP
Severance costs
Acquisition costs
Non-GAAP
Adjusted
SG&A expenses
$ 146.1
$ (0.4)
$ (6.1)
$ 139.6
SG&A as % gross profit (1)
83.7 %
80.0 %
Same Store SG&A expenses
$ 138.7
$ (0.4)
$ (6.1)
$ 132.2
Same Store SG&A as % gross profit (1)
83.1 %
79.3 %
Nine Months Ended September 30, 2025
U.S. GAAP
Dealership
and real estate
transactions
Acquisition costs
Non-GAAP
Adjusted
SG&A expenses
$ 518.1
$ 0.6
$ (1.0)
$ 517.7
SG&A as % gross profit (1)
82.4 %
82.3 %
Same Store SG&A expenses
$ 316.1
$ —
$ (1.0)
$ 315.1
Same Store SG&A as % gross profit (1)
81.7 %
81.4 %
Nine Months Ended September 30, 2024
U.S. GAAP
Severance costs
Acquisition costs
Non-GAAP
Adjusted
SG&A expenses
$ 307.0
$ (1.0)
$ (8.0)
$ 298.0
SG&A as % gross profit (1)
81.5 %
79.1 %
Same Store SG&A expenses
$ 296.8
$ (1.0)
$ (8.0)
$ 287.8
Same Store SG&A as % gross profit (1)
81.0 %
78.5 %
(1) Adjusted SG&A as % of gross profit excludes the impact of SG&A reconciling items above.
SOURCE Group 1 Automotive, Inc.