Company: GPI
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001031203-25-000061
Chunk: 30

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 1.9 Amount reclassified from accumulated other comprehensive income (loss):Floorplan interest expense (pre-tax)— (12.0)(12.0)Other interest expense, net (pre-tax)— (8.4)(8.4)Provision for income taxes— 4.9 4.9 Net current period other comprehensive income (loss)54.8 (21.5)33.3 Balance, September 30, 2025$(1.7)$36.7 $34.9 Nine Months Ended September 30, 2024Accumulated Income (Loss) On Foreign Currency TranslationAccumulated Income (Loss) On Interest Rate SwapsTotalBalance, December 31, 2023$(37.4)$65.6 $28.1 Other comprehensive income (loss) before reclassifications:Pre-tax35.4 6.4 41.8 Tax effect— (1.5)(1.5)Amount reclassified from accumulated other comprehensive income (loss):Floorplan interest expense (pre-tax)— (16.1)(16.1)Other interest expense, net (pre-tax)— (13.3)(13.3)Reclassification related to de-designated interest rate swaps (pre-tax)— (0.2)(0.2)Provision for income taxes— 7.1 7.1 Net current period other comprehensive income (loss)35.4 (17.7)17.7 Balance, September 30, 2024$(2.0)$47.9 $45.8 

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Management’s Discussion and Analysis of Financial Condition and Results of Operations, should be read in conjunction with the accompanying unaudited Condensed Consolidated Financial Statements and the notes thereto, as well as our 2024 Form 10-K.

Overview

We are a leading operator in the automotive retail industry. We sell or lease new and used cars and light trucks; arrange related vehicle financing; sell service and insurance contracts; provide automotive maintenance and repair services; and sell vehicle parts retail and wholesale. We have operations in geographically diverse markets that extend across 17 states in the U.S. and 66 towns and cities in the U.K. As of September 30, 2025, our retail network consisted of 146 dealerships in the U