Group 1 Automotive Projects $625M-$675M in Asset Disposition Proceeds by Mid-2027
Group 1 Automotive (NYSE: GPI) reported improved year-over-year performance for its third quarter, driven by growth in both new and used unit sales. CEO Daryl Kenningham noted significant improvements in per-retail unit (PRU) metrics and SG&A leverage compared to the previous quarter in the United States. The company is currently focused on integrating its Hennessy acquisition while executing a strategic disposition plan. Management expects to realize between $625 million and $675 million from these asset sales by mid-2027, which will likely influence the company's capital allocation strategy moving forward.
Tickers: $GPI