Group 1 Automotive announced the signing of a definitive agreement to acquire substantially all assets of Hennessy Automobile Companies, including ten dealerships and one collision center in the Atlanta market, for approximately $1.3 billion plus inventory adjustments. The transaction is expected to generate roughly $1.7 billion in annualized revenues and be immediately accretive to earnings per share upon closing, which is targeted by year-end 2026 pending regulatory and manufacturer approvals. Concurrently, Group 1 reported second quarter 2026 financial results showing total revenues of $5.4 billion and diluted earnings per share from continuing operations of $8.62. The company also secured a $1.25 billion senior unsecured bridge facility commitment from JPMorgan Chase to finance the acquisition. Group 1 Automotive operates automotive dealerships in the United States and the United Kingdom.

Group 1 Automotive, Inc. announced it will release its second quarter 2026 financial results on July 30, 2026, before the market opens. CEO Daryl Kenningham and senior management will host a conference call at 10:00 a.m. ET on the same day to discuss the results. The company operates an automotive retail business with 252 dealerships in the United States and the United Kingdom.