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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Sonic Automotive, which operates 95 US car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its sales. Then, it changed its executives’ pay packages — handing them a multimillion-dollar windfall.

Companies protect CEO compensation as workers suffer furloughs, layoffs

Sonic Automotive (SAH) is well poised to benefit from expanding the network of its stores to boost sales. However, weak demand for vehicle amid the coronavirus pandemic remains a concern.

E-Commerce Efforts Aid Sonic Automotive Amid Coronavirus Woes

Sonic Automotive Group is looking for its sales to bounce back by August, now that many states are relaxing stay-at-home restrictions aimed at containing the pandemic.

Auto Restart: Dealership Chain  Sonic Automotive Expects Sales To Recover By This Summer

Sonic Automotive Inc. SAH, +17.46% said Tuesday that it has seen "increasing consumer activity" over the past few weeks in most of its market, as the stay-at-home orders resulting from the COVID-19 pandemic have been gradually relaxed, leading to new and used vehicle volume performing better than expected week to week.

Sonic Automotive sees May sales improvement as a result of 'increasing consumer activity'

AutoNation

Group 1 Automotive

CarMax

Detroit is reopening, China is rebounding, and two other developments sent auto stocks soaring Monday.

Why These 4 Automotive Stocks Soared Monday

Sonic Automotive, Inc. (SAH) CEO David Smith on Q1 2020 Results - Earnings Call Transcript

Sonic Automotive's (SAH) revenues from the EchoPark segment of $331.7 million in first-quarter 2020 reflects a 33% uptick from the year-ago figure.

Sonic Automotive (SAH) Q1 Earnings Beat on EchoPark Strength

Sonic Automotive (SAH) delivered earnings and revenue surprises of 100.00% and -0.75%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Sonic Automotive (SAH) Surpasses Q1 Earnings Estimates

Shares of Sonic Automotive (NYSE:SAH) were unchanged in pre-market trading after the company reported Q1 results.

Recap: Sonic Automotive Q1 Earnings

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

Why Is Sonic Automotive (SAH) Down 57.4% Since Last Earnings Report?

Sonic Automotive shows rising price performance, earning an upgrade to its IBD Relative Strength Rating.
The post Sonic Automotive Shows Market Leadership With 92 RS Rating appeared first on Investor's Business Daily.

Sonic Automotive Shows Market Leadership With 92 RS Rating

Sonic Automotive (SAH) delivers Q4 earnings beat on the back of higher-than-expected gross profit from new and used-vehicle units.

Sonic Automotive (SAH) Q4 Earnings Top, Sales Lag Estimates

Sonic Automotive is stepping on the gas to expand its EchoPark used-car dealerships, the company said in announcing Q4 earnings.

Sonic Automotive Chain Ramps Up Its EchoPark Used Car-Only Dealerships

Sonic Automotive's (SAH) CEO David Smith on Q4 2019 Results - Earnings Call Transcript

Sonic Automotive (SAH) delivered earnings and revenue surprises of 8.99% and -0.63%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Sonic Automotive (SAH) Beats Q4 Earnings Estimates

Solid contribution from Sonic Automotive's (SAH) used vehicle unit, particularly the EchoPark business, is likely to drive fourth-quarter 2019 results.

Is a Beat in Store for Sonic Automotive's (SAH) Q4 Earnings?

Sonic Automotive (SAH) is well positioned to outperform the market, as it exhibits above-average growth in financials.

3 Reasons Growth Investors Will Love Sonic Automotive (SAH)

Penske Automotive Group

While highly-priced new vehicles amid mounting R&D costs could deter debt-weary millennials to make big ticket purchases, the demand for used vehicles is likely to remain robust.

U.S. Used-Vehicle Market Red Hot: Stocks to Watch Out For

AbbVie

Best Buy

Geopolitcal headwinds sent stocks lower on Friday as US officials confirmed that President Trump's airstrike killed Iran's top military commander.

3 Stocks with Solid Entry Points to Consider for 2020

Boot Barn Hlds

Genesco

Insight Enterprises

Zumiez

U.S. holiday retails sales have been a winner this year and with the trend northward. Here are five stocks that can soar further.

U.S. Retail Sales Soar in Holiday Season: 5 Top Picks

America's Car-Mart

DaVita

Guardant Health Inc

Lithia Motors

U.S. Consumer spending rises in November and with consumer sentiments' higher in December, these five stocks are a good buy.

U.S. Consumer Spending Bolsters Economic Growth: 5 Picks

Fulgent Genetics

Teekay Tankers

Ultra Clean

Buy these five bets that reap solid returns from the Wall Street's rally in 2019 and are poised to yield high in the coming year.

2019 Hits a Purple Patch So Far: Check the Movers & Shakers

PC Connection

Here are 5 retail stocks for the holiday season.

5 Retailers in the Hottest Selling Season

Sonic Automotive (SAH) projects continued execution of EchoPark development strategies, omni-channel sales and other online initiatives in the upcoming period.

Sonic Automotive (SAH) Unveils 9th EchoPark in California

Builders FirstSource

Tempur Sealy International

The year 2019 has been a topsy-turvy ride for retailers, which have witnessed fundamental changes in dynamics. Here are a few stocks that have displayed outstanding performance on the bourses.

News for Sonic Automotive Stock (SAH)