Sonic Automotive Q1 revenue down 3% to $3.4B; EchoPark adjusted EBITDA hits record $7.3M

SONIC AUTOMOTIVE INC

2024-Q1 EPS reported $1.20 revenue$3,384,000,000

Reported EPS $1.20 (-7% YoY); adjusted EPS $1.36 (+2% YoY).
EchoPark gross profit $52.6M (+34% YoY); adjusted EBITDA $7.3M (+120% YoY).
Company repurchased ~0.5M shares for $27M during Q1.
Quarterly cash dividend approved (amount not specified in release).
Total revenues $3.4B (-3% YoY); net income $42M (-12% YoY).

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SONIC AUTOMOTIVE INC reported first quarter ended March 31, 2024 results: revenue $3.4 billion, net income $42.0 million, EPS $1.20 earnings per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $3.4 billion
Net income: $42.0 million
EPS: $1.20 earnings per diluted share
Result: reported results

Exact text from the filing

the nation’s largest automotive retailers, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Summary • Total revenues of $3.4 billion, down 3% year-over-year; total gross profit of $536.2 million, down 3% year-over-year • Reported net income of $42.0 million, down 12% year-over-year ($1.20 earnings per diluted

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Source: SEC EDGAR

accession 0001043509-24-000039

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