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

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Earnings data Q1 2022

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Earnings data Q3 2023

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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.

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Sonic Automotive, Inc. (NYSE:SAH ) Q2 2023 Earnings Conference Call July 27, 2023 11:00 AM ET Company Participants David Smith - Chairman & CEO Jeff Dyke - President Heath Byrd - CFO Tim Keen - Chief Operating Officer, EchoPark Steve Wittman - Chief Digital Retail Officer Danny Wieland - VP of IR Conference Call Participants Daniel Imbro - Stephens Inc. Rajat Gupta - JPMorgan Patrick Buckley - Jefferies John Murphy - BofA Securities David Whiston - Morningstar Operator Good morning, and welcome to the Sonic Automotive Second Quarter 2023 Earnings Conference Call. This conference call is being recorded today, Thursday, July 27, 2023.

Sonic Automotive, Inc. (SAH) Q2 2023 Earnings Call Transcript

Sonic Automotive (SAH) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $2.45 per share a year ago.

Sonic Automotive (SAH) Q2 Earnings and Revenues Surpass Estimates

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive, Inc. (“Sonic Automotive,” “Sonic,” the “Company,” "we," "us" or "our") (NYSE:SAH), one of the nation's largest automotive retailers, today reported financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Summary All-time record quarterly revenues of $3.7 billion, up 4% year-over-year; quarterly gross profit of $568.9 million, down 3% year-over-year Reported second quarter net income of $23.4 million, down 75.

Sonic Automotive Reports All-Time Record Quarterly Revenues

Sonic Automotive (SAH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Sonic Automotive (SAH) Expected to Beat Earnings Estimates: Should You Buy?

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive, Inc. (“Sonic Automotive” or “Sonic” or the “Company”) (NYSE:SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2023 second quarter financial results on Thursday, July 27, 2023 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the confer.

Sonic Automotive Schedules Release of 2023 Second Quarter Financial Results

Sonic (SAH) cancels operations at eight EchoPark locations and related centers for an indefinite period due to ongoing volatility in the used-car market.

Sonic (SAH) Suspends Operations at Eight EchoPark Locations

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Announces EchoPark's Plans to Address Current Pre-Owned Market Volatility.

Sonic Automotive Announces EchoPark's Plans to Address Current Pre-Owned Market Volatility

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Sonic (SAH) misses on Q1 earnings on the wholesale vehicle segment's lower-than-expected performance.

Sonic (SAH) Q1 Earnings Miss on Lower Wholesale Vehicle Sales

Higher interest rates and affordability concerns are weighing on demand. The stock is reasonably priced considering the macroeconomic headwinds it's facing.

Why Sonic Automotive Stock Was Sliding Today

Sonic Automotive, Inc. (SAH) Q1 2023 Earnings Call Transcript.

Sonic Automotive, Inc. (SAH) Q1 2023 Earnings Call Transcript

Sonic Automotive (SAH) came out with quarterly earnings of $1.33 per share, missing the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $2.33 per share a year ago.

Sonic Automotive (SAH) Q1 Earnings Miss Estimates

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive, Inc. (“Sonic Automotive,” “Sonic,” the “Company,” "we," "us" or "our") (NYSE:SAH), one of the nation's largest automotive retailers, today reported financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Summary Record first quarter revenues of $3.5 billion, up 1% year-over-year; quarterly gross profit of $553.5 million, down 3% year-over-year Reported first quarter net income of $47.7 million, down 51% year-.

Sonic Automotive Reports Record First Quarter Revenues

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive, Inc. (“Sonic Automotive” or “Sonic” or the “Company”) (NYSE:SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2023 first quarter financial results on Thursday, April 27, 2023 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern).

Sonic Automotive Schedules Release of 2023 First Quarter Financial Results

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

Why Is Sonic Automotive (SAH) Down 13% Since Last Earnings Report?

An innovative, technology-driven guest experience center located in the heart of downtown Nashville

Sonic Automotive Announces Grand Opening of Audi Downtown Nashville

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive, Inc. (“Sonic'' or the “Company”) (NYSE:SAH), a Fortune 500 Company and one of the nation's largest automotive retailers, today announced the promotion of Angela Broadway to Chief Human Resources Officer (CHRO), effective February 8, 2023.

Sonic Automotive Announces Promotion of Angela Broadway to Chief Human Resources Officer

Sonic (SAH) beats Q4 Earnings Estimates due to better-than-expected sales performance in the EchoPark segment.

Sonic's (SAH) Q4 Earnings Surpass Estimates, Struggle On Y/Y Basis

Sonic Automotive, Inc. (NYSE:SAH ) Q4 2022 Earnings Conference Call February 15, 2023 11:00 AM ET Company Participants David Smith - Chairman & CEO Jeff Dyke - President Heath Byrd - CFO Danny Wieland - VP of IR Conference Call Participants John Murphy - Bank of America Merrill Lynch Daniel Imbro - Stephens Rajat Gupta - JPMorgan Bret Jordan - Jefferies Diego Ortega - Morgan Stanley Operator Good morning, and welcome to the Sonic Automotive Fourth Quarter 2022 Earnings Conference Call. This conference call is being recorded today, Wednesday, February 15, 2023.

Sonic Automotive, Inc. (SAH) Q4 2022 Earnings Call Transcript

Sonic Automotive said last year's investment in omnichannel used car stores has paid off. The auto retailer's latest earnings report showed that its EchoPark preowned vehicle business saw record revenues in its most recent quarter and 2022 as a whole, according to a Wednesday (Feb. 15) news release.

Sonic Automotive Touts Omnichannel Car Buying Amid Record Sales

Sonic Automotive (SAH) delivered earnings and revenue surprises of 15.49% and 3.98%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Sonic Automotive (SAH) Tops Q4 Earnings and Revenue Estimates

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive, Inc. (“Sonic'' or the “Company”) (NYSE:SAH), a Fortune 500 Company and one of the nation's largest automotive retailers, today announced the acquisition of Black Hills Harley-Davidson, the world-wide preeminent Harley-Davidson dealership located in Rapid City, South Dakota and home of the Sturgis Motorcycle Rally, the largest motorcycle rally in the world.

Sonic Automotive Announces Acquisition of Black Hills Harley-Davidson, Home of the Sturgis Motorcycle Rally

All-time record quarterly revenues of $3.6 billion, up 13% year-over-year; record fourth quarter gross profit of $576.1 million, up 9% year-over-year Reported fourth quarter net loss of $190.9 million ($5.22 loss per diluted share) Reported net loss includes the effect of a $320.4 million pre-tax charge related to non-cash impairment charges, offset partially by a $9.1 million pre-tax gain on the disposal of real estate and an income tax benefit of $22.6 million related to these non-recurring items

Sonic Automotive Reports All-Time Record Fourth Quarter and Full Year Revenues

While the U.S. equities sector got off to a fortuitously positive start to the new year, elevated short interest data targeting car dealership Sonic Automotive (US:SAH cnx.cmd.push(function() {var videoId = decodeURIComponent(""); cnx({ playerId: "0a52d238-33b5-4c04-ba5e-323e192cfbe8", mediaId: videoId}).render("b8b49474e42e4a61905a1353db504ac9"); });) suggests that at least some investors were taken aback by its resilience.

News for Sonic Automotive Stock (SAH)