Sonic Automotive Inc SAH reported a 24% increase in its Q1 profit from continuing operations.
Sonic Automotive's revenue from new vehicle sales climbed 12%. Its quarterly total revenue surged 9% to $1.98 billion.
Sonic Automotive's earnings on continuing operations climbed to $19.5 million, or $0.33 per share, from $15.7 million, or $0.27 per share, in the year-ago period. Its net income jumped 37% to $20.5 million.
Sonic Automotive shares closed at $17.93 on Friday.
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