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Shares of Sonic Automotive (NYSE:SAH) decreased 0.0% in pre-market trading after the company reported Q1 results.
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Quarterly Results
Earnings per share were up 207.50% over the past year to $1.23, which beat the estimate of $0.92.
Revenue of $2,787,000,000 rose by 20.75% year over year, which beat the estimate of $2,530,000,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Sonic Automotive hasn't issued any revenue guidance for the time being.
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Conference Call Details
Date: Apr 29, 2021
Time: 11:00 AM
Recent Stock Performance
Company's 52-week high was at $56.07
52-week low: $18.11
Price action over last quarter: Up 29.73%
Company Description
Sonic Automotive is by our estimate the sixth-largest public auto dealership group in the United States by new-vehicle unit sales. The company has 84 franchised stores in 12 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 16 EchoPark used-vehicle stores. In addition to new- and used-vehicle sales, the company derives revenue from parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 88% of new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute about 60% of new-vehicle revenue. BMW is the largest brand at over 24%. 2020's revenue was $9.8 billion, with EchoPark's portion totaling $1.4 billion.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.