Market Overview

Recap: Sonic Automotive Q1 Earnings

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

Quarterly Results

Earnings per share increased 2.56% year over year to $0.40, which beat the estimate of $0.22.

Revenue of $2,308,000,000 lower by 3.43% from the same period last year, which beat the estimate of $2,270,000,000.

Looking Ahead

Sonic Automotive hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Apr 30, 2020

Time: 01:03 AM ET

Webcast URL: https://ir.sonicautomotive.com/news-events/ir-calendar/detail/7095/q1-2020-earnings-conference-call

Price Action

52-week high: $35.41

52-week low: $9.00

Price action over last quarter: down 35.50%

Company Overview

Sonic Automotive is the fourth-largest public auto dealership group in the United States by new-vehicle sales. The company has 86 franchised stores in 12 states, primarily in metropolitan areas, plus nine 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 90% of new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute over 60% of new-vehicle revenue. 2019's revenue was $10.5 billion, with EchoPark's portion totaling $1.2 billion.

 

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Posted-In: Earnings News