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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.
Sonic Automotive
Sonic Automotive
Sonic Automotive Revenue by Segment
Revenue by Segment
Franchised Dealerships Revenue
CapyFin.comEchoPark Revenue
CapyFin.com 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
- Risk factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018
Revenue & Expenses
Visualization of income flow from segment revenue to net income