earnings
confidence high
sentiment neutral
materiality 0.80
Sonic Automotive Q3 GAAP EPS up 11% to $2.13; adjusted EPS down 38%; dividend raised 17%
SONIC AUTOMOTIVE INC
2024-Q3 EPS reported
$4.52
revenue$10,328,500,000
- Revenue $3.5B, down 4% YoY; GAAP net income $74.2M ($2.13 diluted EPS), up 8% and 11% YoY respectively.
- Adjusted net income $44.0M ($1.26 adjusted diluted EPS), down 39% and 38% YoY.
- EchoPark segment record gross profit $55.2M (+5%), segment income $5.2M (+131%), adjusted EBITDA $8.9M (+271%).
- CDK outage impact estimated $17.2M pre-tax, $12.7M after-tax ($0.36 EPS).
- Dividend increased 17% to $0.35/share; payable Jan 15, 2025 to holders of record Dec 13, 2024.