earnings
confidence high
sentiment positive
materiality 0.85
Sonic Automotive Q3 revenue $3.1B (+20.6%), EPS $1.96; acquires RFJ Auto for $3.2B annualized revenue
SONIC AUTOMOTIVE INC
2021-Q3 EPS reported
$5.82
revenue$9,211,856,000
- Record Q3 revenue $3.1B (+20.6% YoY), diluted EPS $1.96 vs $1.35 in prior year.
- All-time record EchoPark revenue $663M (+72% YoY); pre-tax loss $32.9M driven by expansion.
- Pending acquisition of RFJ Auto expected to add $3.2B annualized revenue; funded by $1.15B senior notes at 4.73% blended.
- Credit facilities amended to $2.95B from $1.8B; quarterly cash dividend approved (amount not specified).
- Franchised dealership F&I gross profit per unit record $2,349 (+21% YoY); same-store new vehicle gross profit per unit $5,051 (+93%).