Group 1 Automotive

Group 1 Automotive issued senior unsecured notes totaling $1.25 billion: $625 million at a 6.25% coupon (maturing 2032) and $625 million at a 6.625% coupon (maturing 2035). The private placement is expected to close on September 22, 2026. Net proceeds and existing cash will be used to finance the announced purchase of dealership assets and real estate from Hennessy Automobile Companies; if the deal does not close by January 6, 2027, the 2032 notes must be repurchased. The securities were offered to institutional buyers under Rule 144A and outside the U.S. under Regulation S. » More on de.investing.com

Group 1 Automotive’s shares hit a new 52-week low of $259.19 and are down about 41.62% versus a year ago. In Q2 2026 the company missed expectations with adjusted earnings of $9.61 per share (expectation $11.01) and revenue of $5.4 billion (expectation $5.68 billion). Group 1 reported declining new- and used-car sales in the U.S., an increased cost-cutting program of $50 million, and modest service revenue growth of around 4%. An InvestingPro analysis points to a low P/E ratio of 11.1 and therefore classifies the stock as potentially undervalued. » More on de.investing.com

The board of Group 1 Automotive approved a quarterly dividend of $0.55 per share, payable on September 15, 2026 to shareholders of record as of September 1, 2026. The payment is part of a 10% increase in the annualized dividend from $2.00 in 2025 to $2.20 for 2026. » More on de.investing.com