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Jun 30, 2022
Sonic Automotive Q2 2022 Earnings Report
Reported all-time record quarterly revenues and gross profit.
Key Takeaways
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.
All-time record quarterly revenues of $3.7 billion, up 9% year-over-year, all-time record quarterly gross profit of $588.8 million, up 15% year-over-year
Reported net income from continuing operations of $94.8 million ($2.34 per diluted share)
All-time record quarterly total Finance & Insurance (“F&I”) gross profit per retail unit of $2,503, up 13% year-over-year
All-time record quarterly EchoPark revenues of $665.6 million, up 12% year-over-year
Revenue by Segment
Forward Guidance
While the Company remains confident in EchoPark’s long-term prospects, the current market environment has caused the Company to adjust EchoPark’s projected revenue growth and push back the achievement of its previously stated financial goals beyond 2025.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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