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 Appoints Keri Kaiser to Board of Directors

Sonic Automotive Appoints Keri Kaiser to Board of Directors

Sonic Automotive, Inc. (SAH) CEO David Smith on Q2 2020 Results - Earnings Call Transcript

Sonic's (SAH) EchoPark segment generates second-quarter revenues of $315.3 million, reflecting an 8.1% uptick from the year-ago figure.

Sonic (SAH) Q2 Earnings Beat Estimates, EchoPark Sales Surge

Sonic Automotive now plans to open “140-plus” EchoPark used-car locations, up from a five-year plan of “at least 25.”

Sonic Automotive Vastly Increases Plans For EchoPark Used-Car Stores

Sonic Automotive (SAH) delivered earnings and revenue surprises of 106.45% and -5.16%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Sonic Automotive (SAH) Q2 Earnings Top Estimates

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Reports 2nd Quarter 2020 EPS Growth;
Accelerated EchoPark Expansion Expected To Generate Over $10 Billion In Incremental Revenue

Sonic Automotive Reports 2nd Quarter 2020 EPS Growth

Sonic Automotive's (SAH) EchoPark brand of standalone used-vehicle stores is likely to have supported top-line growth in Q2 amid coronavirus woes.

Sonic Automotive (SAH) to Post Q2 Earnings: What's in Store?

Is  (SAH) Outperforming Other Retail-Wholesale Stocks This Year?

Is Sonic Automotive (SAH) Stock Outpacing Its Retail-Wholesale Peers This Year?

Sonic Automotive (SAH) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.

Why Sonic Automotive (SAH) Could Be Positioned for a Surge

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

Why Sonic Automotive (SAH) Might be Well Poised for a Surge

BERWYN, Pa., July 14, 2020 /PRNewswire/ -- RM LAW, P.C. announces an investigation on behalf of Sonic Automotive, Inc. ("Sonic Automotive" or the "Company") (NYSE: SAH) investors concerning the Company and its officers' possible violations of federal securities laws. If you purchased...

RM LAW Announces Investigation of Sonic Automotive, Inc.

SAN DIEGO & CHARLOTTE, N.C.--(BUSINESS WIRE)---- $SAH #ClassAction--Shareholder rights law firm Robbins LLP announces it investigating whether certain officers and directors of Sonic Automotive, Inc. (NYSE: SAH) breached their fiduciary duties to shareholders. Sonic operates as an automotive retailer in the United States. Sonic Automotive, Inc. (SAH) Shareholders Have Legal Options Contact us to learn more: Leo Kandinov (800) 350-6003 lkandinov@robbinsllp.com Shareholder Information Form Want to be notified if a cla

Robbins LLP Announces It Is Investigating the Officers and Directors of Sonic Automotive, Inc. (SAH) on Behalf of Shareholders

As of late, it has definitely been a great time to be an investor of Sonic Automotive

Will Sonic Automotive Continue to Surge Higher?

Los Angeles, California--(Newsfile Corp. - June 30, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Sonic Automotive, Inc. ("Sonic" or "the Company") (NYSE: SAH) for potential breaches of fiduciary duty on the part of its directors and management.If you are a shareholder, click here to participate.We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century...

ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Sonic Automotive, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

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With stay-at-home orders being lifted and business activities resuming normalcy, used car prices are picking up. The used vehicle market is likely to stay strong, going forward.

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Sonic (SAH) expects earnings per diluted share from continuing operations in the range of 23-33 cents for second-quarter 2020.

Sonic Sees Recovery in Sales as Lockdown Restrictions Ease

Sonic Automotive Inc. SAH, +3.61% provided Tuesday an earnings update for the second quarter that was better than expected, with the auto retailer's Chief Executive Jeff Dkye saying sales have experienced a "V-shaped recovery" as the reopening of the economy continues in the aftermath of the COVID-19-related shutdowns.

Sonic Automotive expects to report a surprise Q2 profit as sales experience 'V-shaped' recovery

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

Sonic Automotive (SAH) Up 27.6% Since Last Earnings Report: Can It Continue?

Sonic Automotive, which operates 95 US car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its sales. Then, it changed its executives’ pay packages — handing them a multimillion-dollar windfall.

Companies protect CEO compensation as workers suffer furloughs, layoffs

Sonic Automotive (SAH) is well poised to benefit from expanding the network of its stores to boost sales. However, weak demand for vehicle amid the coronavirus pandemic remains a concern.

E-Commerce Efforts Aid Sonic Automotive Amid Coronavirus Woes

Sonic Automotive Group is looking for its sales to bounce back by August, now that many states are relaxing stay-at-home restrictions aimed at containing the pandemic.

Auto Restart: Dealership Chain  Sonic Automotive Expects Sales To Recover By This Summer

Sonic Automotive Inc. SAH, +17.46% said Tuesday that it has seen "increasing consumer activity" over the past few weeks in most of its market, as the stay-at-home orders resulting from the COVID-19 pandemic have been gradually relaxed, leading to new and used vehicle volume performing better than expected week to week.

Sonic Automotive sees May sales improvement as a result of 'increasing consumer activity'

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Sonic Automotive, Inc. (SAH) CEO David Smith on Q1 2020 Results - Earnings Call Transcript

Sonic Automotive's (SAH) revenues from the EchoPark segment of $331.7 million in first-quarter 2020 reflects a 33% uptick from the year-ago figure.

News for Sonic Automotive Stock (SAH)