Sonic Automotive Earnings Reports

Sonic Automotive delivered record Q2 revenues and gross profit, but a large non-cash impairment charge resulted in a net loss. EchoPark achieved record segment income and adjusted EBITDA, while Franchised Dealerships posted strong F&I and fixed operations growth.

Sonic Automotive reported record first quarter total revenues of $3.7 billion, an 8% increase year-over-year, with total gross profit up 6% to $566.4 million. Reported net income increased by 68% to $70.6 million, resulting in $2.04 earnings per diluted share, up 70% year-over-year. The EchoPark Segment achieved all-time record quarterly gross profit and segment income.

Sonic Automotive reported all-time record quarterly revenues of $3.9 billion, a 9% increase year-over-year. Net income increased by 51% to $58.6 million, or $1.67 per diluted share. The company exceeded its technician hiring goal, adding 335 technicians in 2024, positioning them well for continued growth in 2025.

Sonic Automotive reported a decrease in total revenues by 4% year-over-year, with a total of $3.5 billion. Net income increased by 8% year-over-year to $74.2 million. The EchoPark segment achieved record quarterly gross profit, segment income, and adjusted EBITDA.

Sonic Automotive reported Q2 2024 financial results with total revenues of $3.5 billion, a 5% decrease year-over-year. Net income was $41.2 million, a 76% increase year-over-year. The results were impacted by the CDK Global software outage, which is estimated to have reduced GAAP income before taxes by approximately $30.0 million.

Sonic Automotive reported a decrease in total revenues by 3% year-over-year to $3.4 billion and a net income of $42.0 million, down 12% year-over-year. The EchoPark segment achieved record quarterly adjusted EBITDA, exceeding previously stated targets.

Sonic Automotive reported flat total revenues of $3.6 billion compared to the previous year, with a net income of $38.7 million, or $1.11 earnings per diluted share. Adjusted net income was $56.9 million, or $1.63 adjusted earnings per diluted share, excluding certain charges and tax items. The company anticipates achieving breakeven adjusted EBITDA for the EchoPark segment in Q1 2024.

Sonic Automotive reported record third quarter revenues of $3.6 billion, up 6% year-over-year. Net income was $68.4 million, down 22% year-over-year, with adjusted net income at $72.0 million, down 18% year-over-year. The company repurchased 1.7 million shares of Class A Common Stock during the quarter and increased its quarterly cash dividend by 3.4% to $0.30 per share.

Sonic Automotive reported all-time record quarterly revenues of $3.7 billion, a 4% increase year-over-year. However, net income decreased by 75% year-over-year to $23.4 million, with earnings per diluted share also down 72% to $0.65.

Sonic Automotive reported record first quarter revenues of $3.5 billion, a 1% increase year-over-year. Net income was $47.7 million, down 51% year-over-year, with earnings per diluted share at $1.29, a 45% decrease year-over-year. The company repurchased 1.6 million shares of its Class A Common Stock for $90.7 million and increased the quarterly cash dividend by 3.6% to $0.29 per share.

Sonic Automotive reported record quarterly revenues of $3.6 billion, up 13% year-over-year. The company reported a net loss of $190.9 million, but adjusted net income was $97.8 million, or $2.61 adjusted earnings per diluted share, excluding non-recurring items. They also announced acquisition of 13 Powersports Locations, Further Diversifying Retail Portfolio

Sonic Automotive reported record third-quarter revenues of $3.4 billion, a 12% increase year-over-year, and a record gross profit of $580.7 million, up 23% year-over-year. The company's net income also reached a record $87.3 million ($2.23 per diluted share).

Sonic Automotive reported all-time record quarterly revenues of $3.7 billion, up 9% year-over-year, and all-time record quarterly gross profit of $588.8 million, up 15% year-over-year.

Sonic Automotive reported record first quarter revenues of $3.6 billion, up 28.7% year-over-year, and record first quarter net income from continuing operations of $97.3 million ($2.33 per diluted share, up 89.4% year-over-year). The company's performance was driven by persistent consumer demand, enhanced digital sales and marketing initiatives, and the efforts of its teammates.

Sonic Automotive reported record fourth-quarter revenues of $3.2 billion, a 13.8% increase year-over-year. The company's net income from continuing operations was $96.3 million ($2.25 per diluted share). They completed the acquisition of RFJ Auto Partners, which is expected to add $3.2 billion in 2022 revenues, and raised the quarterly cash dividend by 108%.

Sonic Automotive reported record third-quarter revenues of $3.1 billion, a 20.6% increase year-over-year. Earnings per share from continuing operations were $1.96, compared to $1.35 in the third quarter of 2020. The company also announced a definitive agreement to acquire RFJ Auto Partners, expected to add $3.2 billion in annualized revenues.

Sonic Automotive reported all-time record quarterly revenues of $3.4 billion, up 58.7% year-over-year, and earnings per share of $2.63. The company's performance was driven by strong franchised dealership performance across all business lines and a fourth consecutive quarter of record EchoPark revenues and retail unit sales volume.

Sonic Automotive reported record first quarter revenues of $2.8 billion, up 20.7%, and record first quarter earnings from continuing operations of $53.7 million ($1.23 per diluted share). The company's EchoPark segment achieved all-time record quarterly revenues and retail sales volume, while franchised dealerships also showed strong performance.

Sonic Automotive reported all-time record quarterly revenues of $2.8 billion, up 1.8%, and all-time record quarterly income from continuing operations before taxes of $90.4 million, up 48.3%. Adjusted earnings from continuing operations were $65.8 million ($1.50 per diluted share), an increase of 52.7%.

Sonic Automotive reported all-time record earnings for the third quarter of 2020. The company's business model demonstrated strength and resilience, leading to the highest third-quarter profit in company history. EchoPark achieved record quarterly revenues and retail sales volume. SG&A expenses decreased, and operating efficiency improved.

Sonic Automotive reported a strong second quarter with earnings per diluted share of $0.71 and EchoPark revenues up 8% year-over-year. The company is accelerating EchoPark's expansion, expecting it to generate over $10 billion in incremental revenue by 2025.

Sonic Automotive reported a GAAP loss per diluted share of $4.67 for Q1 2020, compared to earnings per diluted share of $0.99 for Q1 2019, which includes a non-cash goodwill impairment charge of $268.0 million. Excluding this charge, adjusted earnings per diluted share were $0.40, up nearly 3% from $0.39 in Q1 2019. Total revenues were $2.3 billion, with record EchoPark revenues of $331.7 million.

Sonic Automotive reported record-breaking consolidated total revenues and earnings per diluted share from continuing operations for the fourth quarter of 2019. EchoPark's revenues increased by 52% compared to the fourth quarter of 2018, and same store franchised dealerships segment revenues increased by 8.5%.