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Dec 31, 2019
Sonic Automotive Q4 2019 Earnings Report
Sonic Automotive reported all-time record fourth quarter and full year 2019 results, with EchoPark achieving record revenues.
Key Takeaways
Sonic Automotive reported record-breaking consolidated total revenues and earnings per diluted share from continuing operations for the fourth quarter of 2019. EchoPark's revenues increased by 52% compared to the fourth quarter of 2018, and same store franchised dealerships segment revenues increased by 8.5%.
All-time record quarterly earnings per diluted share from continuing operations of $1.04, up 104% compared to Q4 2018.
All-time record quarterly consolidated total revenues of $2.7 billion and gross profit of $393.9 million.
EchoPark revenues of $308.6 million, up 52% from Q4 2018, with retail volume of 12,676 units, up 45%.
Same Store Franchised Dealerships Segment revenues up 8.5%, gross profit up 9.4% compared to Q4 2018.
Revenue by Segment
Forward Guidance
2020 marks the beginning of our march towards our long-term goal of achieving $20 billion in total annual revenues this decade.
Positive Outlook
- Expect to include three new EchoPark stores by the end of 2020.
- Capitalize on opportunities to expand EchoPark’s reach into new markets
- EchoPark is poised for further growth in 2020
- Continued strength of franchised dealerships
- Continue to strategically grow our core franchised business
Challenges Ahead
- Economic conditions in the markets in which we operate
- New and used vehicle industry sales volume
- The success of our operational strategies
- The rate and timing of overall economic expansion or contraction
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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