Group 1 Automotive (GPI) reported second-quarter 2026 total revenue of $5.4 billion, down from $5.7 billion a year earlier. Net income from continuing operations was $103.0 million, compared with $139.8 million in the prior-year quarter, and diluted earnings per common share from continuing operations were $8.62.
The company said it completed a $50 million annualized expense reduction initiative in the U.S. and announced an agreement to acquire 10 Hennessy Automobile Companies dealerships in Atlanta. Group 1 also acquired two retained dealerships in the Atlanta market during the quarter.
- Total revenues were $5.4 billion, down 5.6% year over year.
- Net income from continuing operations was $103.0 million, down from $139.8 million.
- Diluted earnings per common share from continuing operations were $8.62, compared with $10.77 a year earlier.
- The planned Hennessy acquisition is expected to generate approximately $1.7 billion in annual revenues, subject to approvals and customary closing conditions.
- Group 1 ended the quarter with 251 dealerships in the U.S. and U.K.
$GPI Hedge Fund Activity
We have seen 152 institutional investors add shares of $GPI stock to their portfolio, and 203 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 25,424,552 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $8,406,119,627
- MILLENNIUM MANAGEMENT LLC added 251,824 shares (+441.0%) to their portfolio in Q1 2026, for an estimated $83,260,569
- CONIFER MANAGEMENT, L.L.C. added 186,608 shares (+32.8%) to their portfolio in Q1 2026, for an estimated $61,698,203
- LAKEWOOD CAPITAL MANAGEMENT, LP added 101,800 shares (+91.5%) to their portfolio in Q1 2026, for an estimated $33,658,134
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 100,340 shares (+58.7%) to their portfolio in Q1 2026, for an estimated $33,175,414
- SQUAREPOINT OPS LLC added 94,015 shares (+1695.2%) to their portfolio in Q1 2026, for an estimated $31,084,179
- PRICE T ROWE ASSOCIATES INC /MD/ removed 80,374 shares (-84.9%) from their portfolio in Q1 2026, for an estimated $26,574,055
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
