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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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 Continues Expansion of its Franchised Dealership Network with the Acquisition of Bobby Ford Chrysler Dodge Jeep RAM

Sonic Automotive Continues Expansion of its Franchised Dealership Network with the Acquisition of Bobby Ford Chrysler Dodge Jeep RAM

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Announces Pricing of $1.15 Billion of Senior Notes in a Private Offering

Sonic Automotive Announces Pricing of $1.15 Billion of Senior Notes in a Private Offering

Does Sonic Automotive (SAH) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Sonic Automotive (SAH) is a Great Choice

Sonic Automotive (SAH) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Sonic Automotive (SAH): Will It Gain?

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There has been a flurry of deal making in the auto retail space of late. Kerrigan Advisers predicts that 2021 would mark the biggest year for dealership M&A activities in decades.

Is 2021 Shaping Up to be Another Banner Year for Dealership M&As?

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Announces Offering of Senior Notes

Sonic Automotive Announces Offering of Senior Notes

Sonic Automotive (SAH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Sonic Automotive (SAH) Beat Estimates Again in Its Next Earnings Report?

The mean of analysts' price targets for Sonic Automotive (SAH) points to a 26.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict a 26% Upside in Sonic Automotive (SAH): Here's What You Should Know

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

Sonic Automotive Schedules Release of Third Quarter 2021 Financial Results

Sonic Automotive (SAH) possesses solid growth attributes, which could help it handily outperform the market.

Looking for a Growth Stock? 3 Reasons Why Sonic Automotive (SAH) is a Solid Choice

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Sonic Automotive (SAH) Stock Undervalued Right Now?

While Sonic's (SAH) used car segment EchoPark is the key attraction of the firm, we believe that its recent acquisition announcements are set to significantly boost the stock's prospects.

Is Sonic's (SAH) EchoPark Unit the Sole Driver of the Stock?

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Sonic Automotive (SAH) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Looking for a Fast-paced Momentum Stock at a Bargain? Consider Sonic Automotive (SAH)

NEW ORLEANS--(BUSINESS WIRE)--Sonic Automotive Continues to Grow Its EchoPark Nationwide Distribution Network & Digital Expansion with Opening in New Orleans, Louisiana

Sonic Automotive Continues to Grow Its EchoPark Nationwide Distribution Network & Digital Expansion with Opening in New Orleans, Louisiana

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Names Industry Veteran as Chief Marketing Officer for EchoPark Automotive

Sonic Automotive Names Industry Veteran as Chief Marketing Officer for EchoPark Automotive

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Names Fintech Industry Expert as Chief Revenue Officer for EchoPark Automotive

Sonic Automotive Names Fintech Industry Expert as Chief Revenue Officer for EchoPark Automotive

Sonic Automotive (SAH) is a Great Momentum Stock: Should You Buy?

The acquisition of RFJ Auto is expected to add $3.2 billion to Sonic's (SAH) annual revenues.

Sonic (SAH) Revs Up Buyout Game, to Acquire RFJ Auto for $700M

Sonic Automotive Inc. SAH, +2.73% announced Wednesday an agreement to buy RFJ Auto Partners Inc., which Sonic said is a top-15 U.S. auto dealer group by revenue. While Sonic did not disclose details of the deal, the auto retailer said it represents one of the largest deals in automotive retail history, and is expected to lift Sonic into the top-5 largest dealer groups in the U.S. by revenue.

Sonic to buy RFJ Auto Partners, in one of largest deals in auto retail history

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Adds $3.2 Billion in Annualized Revenues with Acquisition of RFJ Auto Partners, a Top-15 U.S. Dealer Group

Sonic Automotive Adds $3.2 Billion in Annualized Revenues with Acquisition of RFJ Auto Partners, a Top-15 U.S. Dealer Group

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Why Sonic Automotive (SAH) is a Top Momentum Stock for the Long-Term

Why Fast-paced Mover Sonic Automotive (SAH) Is a Great Choice for Value Investors

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Acquires Audi and Volkswagen Franchises, Continuing Expansion of Its Franchised Dealership Network in the State of Colorado

Sonic Automotive Acquires Audi and Volkswagen Franchises, Continuing Expansion of Its Franchised Dealership Network in the State of Colorado

Sonic Automotive (SAH) has been struggling lately, but the selling pressure may be coming to an end soon.

Sonic Automotive (SAH) Sees Hammer Chart Pattern: Time to Buy?

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Increases Minimum Hourly Wage to $15; Focus on Teammate Wellbeing Continues to Drive Record Operating Results

News for Sonic Automotive Stock (SAH)