Sonic Automotive

Sonic Automotive, Inc. operates as a automotive retailer. Its services include sales of both new and used cars and light trucks, sales of replacement parts and performance of vehicle maintenance, warranty, paint and repair services and arrangement of extended service contracts, financing, insurance, vehicle protection products and other aftermarket products for automotive customers. The firm operates through the following segments: Franchised Dealerships and EchoPark. The Franchised Dealerships segment provides comprehensive services, which include sales of both new and used cars and light trucks, sales of replacement parts and performance of vehicle maintenance, manufacturer warranty repairs, and paint and collision repair services. The EchoPark segment sales used cars and light trucks. The company was founded by Ollen Bruton Smith and Bryan Scott Smith in January 1997 and is headquartered in Charlotte, NC.

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Earnings data Q4 2024

Sonic Automotive reports record Q4 earnings, eyes EchoPark expansion

Sonic Automotive delivered strong financial performance in Q4 2022, with record revenues and gross profit. While challenges like potential volatility in consumer demand exist, the company is well-positioned to navigate market changes. Opportunities lie in the expansion of EchoPark and the addition of the Powersports segment.

Sonic Automotive posts record Q1 revenues, addresses profitability challenges

Sonic Automotive delivered strong financial results with record revenues and solid earnings, driven by operational efficiency and robust F&I performance.
While facing challenges in used vehicle pricing and EchoPark segment losses, the company aims to improve profitability and address cost concerns.
Management's confidence in future performance, dividend increase, and strategic investments signal a positive outlook for Sonic Automotive's growth and financial stability.

Sonic Automotive reports record revenues, EchoPark aims for profitability

Sonic Automotive delivered strong revenues but faced challenges with adjusted EPS and wholesale auction prices. Opportunities lie in EchoPark's restructuring and potential acquisitions.

Sonic Automotive reports record Q3 revenues amidst EV market challenges

Sonic Automotive delivered strong Q3 results with record revenues and solid EPS. Strategic adjustments at EchoPark drove improved financial performance.
Challenges include declining new vehicle gross profit and market dynamics like heavy discounts. Opportunities exist in adapting to EV trends and maximizing returns.
The company's focus on resilience and growth positions it well for the future amidst market transitions. EchoPark's positive EBITDA outlook signals continued progress.
Sonic Automotive's performance reflects a balance of strengths and challenges, with opportunities in EV adaptation and market dynamics driving future prospects.

Sonic Automotive reports Q4 growth, EchoPark shows improvement

Sonic Automotive's Q4 showed revenue growth and stable EPS.
EchoPark segment making progress with reduced losses.
Challenges include declining vehicle profits and pricing.
Opportunities lie in improving F&I and overall operational performance.

Sonic Automotive reports mixed Q1 results, focuses on EchoPark growth

Sonic Automotive's Q1 2024 performance reflects mixed results with revenue decline but improved EPS, highlighting segment-specific challenges and opportunities for growth.
Strong F&I performance and liquidity position are key strengths, while pricing dynamics and segment earnings pose challenges that require strategic management.
The company's focus on EchoPark segment growth and financial stability sets the stage for navigating market uncertainties and driving long-term value creation.

Sonic Automotive reports Q2 challenges, but segments show resilience

Sonic Automotive faced challenges from the CDK software outage and inventory increases but maintained strong F&I performance.
The company's EchoPark and Powersports segments showed resilience, with record EBITDA and solid revenues.
Despite headwinds, Sonic Automotive reaffirmed its 2024 financial guidance and approved a cash dividend, signaling confidence in future performance.
Opportunities lie in segment improvements, margin enhancement strategies, and customer experience enhancements.

Sonic Automotive's EchoPark shines in Q3 amidst challenges

Sonic Automotive reported strong performance in EchoPark and F&I segments, despite challenges from CDK outage and market dynamics. The company maintains a focus on growth opportunities in F&I trends and EchoPark's expansion plans.

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CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Schedules Release of 2021 Second Quarter Financial Results

Sonic Automotive Schedules Release of 2021 Second Quarter Financial Results

Sonic leveraged the drive-in to attract customers as indoor dining rooms closed amid the COVID pandemic.

This is how Sonic increased sales by $1 billion during the pandemic, according to the drive-in chain's president

Sonic Automotive (SAH) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Sonic Automotive (SAH): Strong Industry, Solid Earnings Estimate Revisions

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15 Upcoming Dividend Increases Including A New Dividend King

HOUSTON--(BUSINESS WIRE)--Sonic Automotive Partners with Dave Ward & Friends Podcast To Raise Funds for Houston Children's Charity

Sonic Automotive Partners with Dave Ward & Friends Podcast To Raise Funds for Houston Children's Charity

NEW YORK, May 11, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Sonic Automotive, Inc. ("Sonic" or the "Company") (NYSE: SAH).  Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sonic Automotive, Inc. - SAH

Sonic Automotive's (SAH) EchoPark segment records revenues of $507.1 million during the first quarter, reflecting a 52.9% year-on-year uptick.

Sonic Automotive (SAH) Q1 Earnings & Sales Top Estimates, Up Y/Y

Sonic Automotive, Inc. (SAH) CEO David Smith on Q1 2021 Results - Earnings Call Transcript

New-car dealership chain Sonic Automotive has its foot on the gas, to add dealerships for EchoPark, its used-car-only brand.

EchoPark Used-Car Dealerships Gain Momentum In Q1 For Sonic Automotive

Sonic Automotive (SAH) delivered earnings and revenue surprises of 30.85% and 9.74%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Sonic Automotive (SAH) Q1 Earnings and Revenues Top Estimates

Shares of Sonic Automotive (NYSE:SAH) decreased 0.0% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 207.50% over the past year to $1.23, which beat the estimate of $0.92.

Sonic Automotive: Q1 Earnings Insights

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Reports Record First Quarter Revenues and Earnings Per Share

Sonic Automotive Reports Record First Quarter Revenues and Earnings Per Share

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CHARLOTTE, N.C.--(BUSINESS WIRE)--SONIC AUTOMOTIVE SCHEDULES RELEASE OF 2021 FIRST QUARTER FINANCIAL RESULTS

Sonic Automotive Schedules Release of 2021 First Quarter Financial Results

Sonic Automotive, Inc. has grown its network of EchoPark pre-owned vehicle stores with the opening of a new location in Birmingham, Alabama, according to a Monday (April 12) announcement. EchoPark Birmingham, which is located at 2001 Tom Williams Way in Birmingham, is anticipated to employ about 70 EchoPark workers when completely staffed.

Sonic Automotive Opens EchoPark Dealership In Alabama

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Sonic Automotive Expands its EchoPark Network with Newest Store in Birmingham, Alabama

Sonic Automotive Expands its EchoPark Network with Newest Store in Birmingham, Alabama

NEW ORLEANS, March 19, 2021 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq.

SONIC AUTOMOTIVE INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Sonic Automotive, Inc. - SAH

Sonic Automotive (SAH) reported earnings 30 days ago. What's next for the stock?

Why Is Sonic Automotive (SAH) Up 35.8% Since Last Earnings Report?

BALTIMORE--(BUSINESS WIRE)--Sonic Automotive Delivers the EchoPark Brand to the Greater Baltimore-Washington Metro Area with Acquisition of Carbiz

Sonic Automotive Delivers the EchoPark Brand to the Greater Baltimore-Washington Metro Area with Acquisition of Carbiz

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Los Angeles, California--(Newsfile Corp. - March 9, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Sonic Automotive, Inc. ("Sonic" or "the Company") (NYSE: SAH) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Sonic is the subject of a report published by Bloomberg on...

ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Sonic Automotive, Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

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LOS ANGELES--(BUSINESS WIRE)---- $SAH #investors--The Law Offices of Frank R. Cruz Continues Its Investigation of Sonic Automotive, Inc. (SAH) on Behalf of Investors

The Law Offices of Frank R. Cruz Continues Investigation of Sonic Automotive, Inc. (SAH) on Behalf of Investors

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Inducted into Training Magazine Hall of Fame

Sonic Automotive Inducted into Training Magazine Hall of Fame

CHARLOTTE, N.C.--(BUSINESS WIRE)--EchoPark Automotive Awarded a 2021 DealerRater Consumer Satisfaction Award

News for Sonic Automotive Stock (SAH)