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Dec 31, 2024
Sonic Automotive Q4 2024 Earnings Report
Reported all-time record quarterly revenues and increased net income.
Key Takeaways
Sonic Automotive reported all-time record quarterly revenues of $3.9 billion, a 9% increase year-over-year. Net income increased by 51% to $58.6 million, or $1.67 per diluted share. The company exceeded its technician hiring goal, adding 335 technicians in 2024, positioning them well for continued growth in 2025.
Achieved all-time record quarterly revenues of $3.9 billion, up 9% year-over-year.
Reported net income of $58.6 million, up 51% year-over-year, with earnings per diluted share of $1.67, up 50% year-over-year.
Franchised Dealerships Segment revenues reached an all-time quarterly record of $3.4 billion, up 12% year-over-year.
EchoPark Segment adjusted EBITDA was $4.2 million, a 146% increase year-over-year.
Sonic Automotive
Sonic Automotive
Sonic Automotive Revenue by Segment
Revenue by Segment
Franchised Dealerships Revenue
CapyFin.comPowersports Revenue
CapyFin.com Forward Guidance
Sonic Automotive anticipates opportunities to deploy capital to grow its revenue base and enhance shareholder returns in 2025, focusing on delivering outstanding experiences, growing EchoPark's volume and profitability, and gaining market share in franchised dealerships and powersports.
Positive Outlook
- Continued growth in 2025 driven by strong Q4 2024 performance.
- Focus on delivering outstanding guest and teammate experiences.
- Growth of EchoPark volume and profitability.
- Gaining market share in franchised dealerships and powersports segments.
- Optimization of expense structure to drive sustained success.
Challenges Ahead
- Affordability challenges for guests.
- Operational disruptions from the CDK outage.
- Manufacturer stop-sale orders on certain makes and models.
- Continued normalization of new vehicle margins.
- Potential economic conditions in the markets
Revenue & Expenses
Visualization of income flow from segment revenue to net income