Shares of Sonic Automotive SAH decreased 0.0% in pre-market trading after the company reported Q1 results.
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.
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.
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