Group 1 Automotive (GPI) Q1 2026 Earnings Call Transcript

Group 1 Automotive reported first-quarter 2026 revenues of $5.4 billion, down 1.8% year over year amid volume and U.S. margin pressure. Adjusted diluted EPS from continuing operations fell to $8.66 from $10.17. The U.S. new-vehicle GPU rose sequentially to $3,313, while the company expects $50 million in annualized U.S. cost savings via about 700 full-time job cuts and vendor contract eliminations. U.S. adjusted F&I PRU increased to $2,535, and customer pay gross profit gained nearly 6%. Headcount added 130 technicians in service, and the company completed 50% of a U.S. rebranding plan.