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Sep 30, 2022
Sonic Automotive Q3 2022 Earnings Report
Reported record revenues and gross profit which drove record net income.
Key Takeaways
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).
Record third quarter revenues of $3.4 billion, up 12% year-over-year; record third quarter gross profit of $580.7 million, up 23% year-over-year
Record third quarter net income of $87.3 million ($2.23 per diluted share)
Record third quarter total Finance & Insurance (“F&I”) gross profit per retail unit of $2,477, up 5% year-over-year
During the third quarter, Sonic repurchased approximately 3.1 million shares of its Class A Common Stock
Sonic Automotive
Sonic Automotive
Sonic Automotive Revenue by Segment
Revenue by Segment
Franchised Dealerships Revenue
CapyFin.com Forward Guidance
Sonic Automotive believes it remains well-positioned to build long-term value and deliver returns to its stockholders.