earnings
confidence high
sentiment neutral
materiality 0.70
Sonic Automotive Q2 net income $41.2M (+76% YoY); CDK outage cut pre-tax income ~$30M
SONIC AUTOMOTIVE INC
2024-Q2 EPS reported
$2.39
revenue$6,837,000,000
- Total revenue $3.5B, down 5% YoY; gross profit $539.1M, down 5%.
- Adjusted diluted EPS $1.47, down 20% YoY; reported EPS $1.18, up 82%.
- CDK outage reduced GAAP pre-tax income by ~$30M, net income by $22.2M ($0.64/share).
- EchoPark segment adjusted EBITDA $7.2M (record Q2), up 123% YoY; gross profit up 91%.
- Quarterly cash dividend approved; amount not disclosed in filing.