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