Group 1 Automotive Reports Third Quarter 2025 Financial Results

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October 28, 2025 5:01 AM EDT
  • Current quarter diluted earnings per common share from continuing operations of $1.02 and current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) of $10.45
  • Record quarterly revenues of $5.8 billion, a 10.8% increase over the comparable prior-year quarter, driven by record quarterly used vehicle retail revenues of $1.9 billion
  • Parts and service revenues and gross profit, both quarterly records, increased 11.2% and 11.1%, respectively, over the comparable prior-year quarter

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

  • Total revenues for the current quarter were $5.8 billion, a 10.8% increase compared to $5.2 billion for the third quarter of 2024 ("prior-year quarter").
  • Net income from continuing operations for the current quarter was $13.1 million, compared to $117.1 million for the prior-year quarter.
  • Current quarter adjusted net income from continuing operations (a non-GAAP measure) was $135.1 million, a 1.2% increase compared to $133.5 million for the prior-year quarter.
  • Current quarter diluted earnings per common share from continuing operations was $1.02, compared to $8.68 for the prior-year quarter.
  • Net income from continuing operations for the current quarter included $123.9 million of goodwill, franchise rights, and fixed assets non-cash impairment charges attributable to the U.K. reporting unit.
  • Current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) was $10.45, a 5.6% increase compared to $9.90 for the prior-year quarter.

 

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.
[email protected] 

Media contacts:

Pete DeLongchamps
Senior Vice President, Financial Services and Manufacturer Relations
Group 1 Automotive, Inc.
[email protected] 

Kimberly Barta
Head of Marketing and Communications
Group 1 Automotive, Inc.
[email protected] 

or

Jude Gorman / Clayton Erwin
Collected Strategies
[email protected] 

 

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.

 

Cision View original content:https://www.prnewswire.com/news-releases/group-1-automotive-reports-third-quarter-2025-financial-results-302595868.html

SOURCE Group 1 Automotive, Inc.


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