GROUP 1 AUTOMOTIVE INC — Form 8-K

Group 1 Automotive signed a definitive agreement to acquire Hennessy Automobile Companies' 10 dealerships in Atlanta for approximately $1.3 billion (inclusive of real estate and operating assets). The deal, expected to close by year-end 2026, adds ~$1.7 billion in annualized revenues and will boost Group 1's Atlanta presence to 15 dealerships (from 3), making it the company's second-largest market. Management projects the acquisition to be immediately accretive to EPS; financing via new debt with bridge commitment. Separately, Q2 2026 earnings came in at $8.62 diluted EPS (continuing operations), down 20% YoY from $10.77, as gross profit declined 8% to $860.6M amid consumer affordability headwinds.