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CHARLOTTE, N.C. - Sonic Automotive, Inc. (NYSE:SAH) reported mixed first quarter 2025 results on Thursday, with revenue beating analyst estimates but earnings per share falling short of expectations.
The automotive retailer’s stock edged up 0.12% following the report.
Sonic reported first quarter revenue of $3.7 billion, up 8% year-over-year and above the consensus estimate of $3.47 billion. However, adjusted earnings per share came in at $1.48, missing analyst expectations of $1.42.
The company’s EchoPark used vehicle segment delivered record quarterly gross profit of $63.9 million, up 21% from the prior year. EchoPark retail used vehicle unit sales increased 5% to 18,798 units.
"In the first quarter, our team continued to execute at a high level, driving record first quarter consolidated revenues and combined new and used retail unit sales volume, in addition to all-time record quarterly adjusted EBITDA in our EchoPark Segment," said David Smith, Chairman and CEO of Sonic Automotive.
Total (EPA:TTEF) gross profit rose 6% year-over-year to $566.4 million. The company’s Franchised Dealerships segment saw same store revenues increase 8%, while same store gross profit grew 3%.
Sonic’s Board of Directors approved a quarterly cash dividend of $0.35 per share, payable on July 15, 2025.
Sonic faces uncertainty around the impact of tariffs but remains focused on executing its growth strategy.
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