Loading...
•
Mar 31, 2024
Sonic Automotive Q1 2024 Earnings Report
Sonic Automotive reported first quarter financial results with EchoPark segment achieving all-time record quarterly adjusted EBITDA.
Key Takeaways
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.
Total revenues decreased by 3% year-over-year to $3.4 billion.
Net income was $42.0 million, a 12% decrease year-over-year.
EchoPark Segment achieved record quarterly adjusted EBITDA.
Company repurchased approximately 0.5 million shares of its Class A Common Stock for approximately $27.0 million.
Sonic Automotive
Sonic Automotive
Sonic Automotive Revenue by Segment
Revenue by Segment
Franchised Dealerships Revenue
CapyFin.comEchoPark Revenue
CapyFin.comPowersports Revenue
CapyFin.com Forward Guidance
Sonic Automotive expects to maintain positive quarterly EchoPark Segment adjusted EBITDA for the remainder of 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income