Profile
Sector:
Consumer CyclicalIndustry:
Auto & Truck DealershipsCountry:
United StatesIPO:
12 November 1997Website:
http://www.sonicautomotive.comNext earnings report:
26 July 2024Last dividends:
14 June 2024Next dividends:
N/APrice
regular market | 20 min agoAnalysts recommendations
Institutional Ownership
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SAH Latest News
Sonic (SAH) announces a combination of positive and negative results in the first quarter. Earnings surpass estimates and increase compared to the previous year, but revenues fall short of expectations and decrease year over year.
The strong operating profitability of Sonic Automotive's pre-owned vehicle business, EchoPark, exceeded expectations and was the primary reason for the company's 4.8% earnings beat in Q1. Over the past four years, SAH has reduced its total shares outstanding by 20% through active share buybacks. Given the growth potential of EchoPark and the possibility of increased shareholder capital return, Sonic Automotive has received a Buy rating.
The key figures for Sonic Automotive (SAH) offer a glimpse into the company's performance in the first quarter of 2024, but it could be beneficial to analyze certain metrics against Wall Street forecasts and the previous year's results.
Sonic Automotive (SAH) reported earnings of $1.36 per share for the quarter, surpassing the Zacks Consensus Estimate of $1.23 per share and an improvement from earnings of $1.33 per share in the previous year.
Sonic Automotive plans to announce its first quarter financial results for 2024.
While Sonic (SAH) sees a slight uptick in revenues from the Franchised Dealership segment, revenues from EchoPark and Powersports units decline 6% and 5%, respectively.
The headline numbers for Sonic Automotive (SAH) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Sonic Automotive (SAH) came out with quarterly earnings of $1.63 per share, missing the Zacks Consensus Estimate of $1.80 per share. This compares to earnings of $2.61 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Sonic Automotive (SAH), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.
Sonic Automotive's revenue has been growing, but its profitability and cash flows have declined. The company's EchoPark segment, focused on used vehicle sales, has been a major source of losses. Despite the challenges, Sonic Automotive's stock is attractively priced and management is working to improve profitability.
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What type of business is Sonic Automotive?
Sonic Automotive, Inc. operates as an automotive retailer. Its services include the sale of both new and used cars and light trucks, sale of spare parts and vehicle maintenance services, warranty service, painting and repair services, extended maintenance contracts, financing, insurance, vehicle protection products, and other aftermarket products for the automotive industry. The franchised dealers segment provides comprehensive services, including the sale of both new and used cars and light trucks, sale of spare parts, and vehicle maintenance. The EchoPark segment sells used cars and light trucks. Sonic Automotive was founded in 1997 and is headquartered in Charlotte, North Carolina.
What sector is Sonic Automotive in?
Sonic Automotive is in the Consumer Cyclical sector
What industry is Sonic Automotive in?
Sonic Automotive is in the Auto & Truck Dealerships industry
What country is Sonic Automotive from?
Sonic Automotive is headquartered in United States
When did Sonic Automotive go public?
Sonic Automotive initial public offering (IPO) was on 12 November 1997
What is Sonic Automotive website?
https://www.sonicautomotive.com
Is Sonic Automotive in the S&P 500?
No, Sonic Automotive is not included in the S&P 500 index
Is Sonic Automotive in the NASDAQ 100?
No, Sonic Automotive is not included in the NASDAQ 100 index
Is Sonic Automotive in the Dow Jones?
No, Sonic Automotive is not included in the Dow Jones index
When does Sonic Automotive report earnings?
The next expected earnings date for Sonic Automotive is 26 July 2024