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Sep 30, 2024
Sonic Automotive Q3 2024 Earnings Report
Reported financial results for the third quarter of 2024.
Key Takeaways
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.
Total revenues were $3.5 billion, a 4% decrease year-over-year.
Net income was $74.2 million, an 8% increase year-over-year.
EchoPark segment revenues were $544.9 million, a 13% decrease year-over-year.
Board of Directors approved a 17% increase to the quarterly cash dividend, to $0.35 per share.
Sonic Automotive
Sonic Automotive
Sonic Automotive Revenue by Segment
Revenue by Segment
Franchised Dealerships Revenue
CapyFin.comPowersports Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income