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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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