Sonic Automotive Q2 2022: record revenue $3.7B, EPS $2.34, adjusted $2.45, buyback authorization increased by $500M

SONIC AUTOMOTIVE INC

2022-Q2 EPS reported $4.67 revenue$7,239,400,000

Record quarterly revenue $3.7B (+9% YoY) and gross profit $588.8M (+15% YoY).
Reported EPS $2.34; adjusted EPS $2.45; record F&I per retail unit $2,503 (+13% YoY).
EchoPark segment revenue record $665.6M (+12% YoY).
Repurchased 1.4M shares for $59.4M; Board added $500M to authorization, total $633M.
Board approved a quarterly cash dividend (amount not specified in excerpt).

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