Group 1 Automotive sets October 28 results: JPMorgan cuts GPI stock target to USD 260.00

Published on 10/08/2026 at 19:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 5.60 percent in the second quarter. GPI stock costs EUR 209.00 after EUR 207.00, plus 0.97 percent on October 8, 2026.

Key points in brief

Group 1 Automotive scheduled its third-quarter 2026 results for October 28, 2026.
JPMorgan cut its GPI price target from USD 275.00 to USD 260.00 on October 6, 2026.
Adjusted earnings per share fell short of consensus in the second quarter, while revenue declined 5.60 percent year over year.
GPI stock was trading at EUR 209.00 at Lang & Schwarz on October 8, 2026, up 0.97 percent from the prior close.

GPI, US3989051095, Illustration mit AI erstellt.

Group 1 Automotive (US3989051095) scheduled its third-quarter 2026 results for October 28, 2026, while JPMorgan cut its GPI price target from USD 275.00 to USD 260.00 on October 6, 2026. The target change came in a third-quarter earnings preview and kept JPMorgan's rating at Neutral, according to Markets Insider.

Three events shape the setup

On July 30, 2026, Group 1 Automotive reported adjusted earnings per share of USD 9.61 for the second quarter, below the USD 10.60 consensus, while revenue reached USD 5.39 billion, down 5.60 percent from the prior-year quarter, according to MarketBeat.

On September 22, 2026, the company closed a USD 1.25 billion senior-notes offering, split into USD 625.00 million of 6.250 percent notes due 2032 and USD 625.00 million of 6.625 percent notes due 2035. Group 1 said the net proceeds would help fund the planned Hennessy dealership acquisition, according to Group 1 Automotive.

On October 7, 2026, Group 1 announced that its third-quarter results for the period ended September 30, 2026, would be released before the market opened on October 28, 2026, with a conference call at 10:00 a.m. ET, according to StockTitan.

What does the debt financing mean?

The USD 1.25 billion financing gives Group 1 capital for the Hennessy transaction, but the notes also create a defined execution condition. If the acquisition is not completed by January 6, 2027, or by an extended outside date, the company must redeem the 2032 notes at 100 percent of their initial issue price plus accrued interest, according to Group 1 Automotive. That structure links the financing outcome to the acquisition closing rather than leaving the proceeds as unrestricted expansion capital.

Dates investors can measure

The next scheduled milestone is the October 28, 2026 release of third-quarter results before the market opens, followed by management's 10:00 a.m. ET conference call the same day. January 6, 2027 is the stated outside date for the Hennessy transaction unless the agreement is extended, giving the upcoming earnings report a near-term test of operating performance before the financing deadline.

GPI stock trades in euros

GPI stock was trading at EUR 209.00 at Lang & Schwarz on October 8, 2026, up 0.97 percent versus the prior close of EUR 207.00. On its primary exchange, NYSE, the finance quote was USD 235.34 at 17:11 UTC on October 8, 2026, with a market capitalization of USD 2.8 billion and a 52-week range of USD 229.91 to USD 461.27.

The further course of trading is shown by the continuously updated real-time quote of GPI stock.