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Sonic Automotive (SAH)
:SAH
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.47Last Year’s EPS
1.63Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 23.79%
|Next Earnings Date:Jul 27, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strong growth in EchoPark and Fixed Operations segments, but significant challenges in new vehicle margins and EPS decline due to operational disruptions. The company's strategic adjustments and segment successes show potential for future growth.Company Guidance
During the Sonic Automotive Q3 2024 earnings call, the company provided detailed guidance for the upcoming quarters. Sonic Automotive reported a third quarter GAAP EPS of $2.13 per share, with an adjusted EPS of $1.26, reflecting a 38% decrease year-over-year, largely due to new vehicle GPU normalization and a $17.2 million impact from the CDK outage. The company ended Q3 with a 57-day supply of new vehicle inventory and affirmed guidance to exit Q4 with a new vehicle GPU in the low $3,000 range, while expecting normalization to $2,500-$3,000 per unit in 2025. EchoPark segment achieved record quarterly adjusted EBITDA of $8.9 million, with a gross profit of $55 million, despite a 13% revenue decrease. The company plans to increase technician headcount by 300 in 2024, expecting an additional $100 million in annualized Fixed Ops gross profit. They ended Q3 with $834 million in available liquidity, excluding unencumbered real estate, and announced a 17% increase in the quarterly cash dividend to $0.35 per share.Record EchoPark Segment Performance
EchoPark reported all-time record quarterly gross profit, segment income, and adjusted EBITDA of $8.9 million. Revenue was $545 million, with gross profit up 5% year-over-year.
Strong Parts and Service Business
Same-store Fixed Ops gross profit increased 8% in Q3. The company is on track to increase technician headcount by 300, contributing an additional $100 million in annualized Fixed Ops gross profit.
Solid F&I Performance
Same-store franchise F&I GPU was $2,339, down only 3% year-over-year, maintaining stability despite elevated interest rates.
Increased Quarterly Dividend
The Board of Directors approved a 17% increase to the quarterly cash dividend to $0.35 per share.
Positive Outlook for EchoPark
EchoPark segment retail unit sales volume was up 7% sequentially from Q2, outpacing the industry growth rate of 2%.
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SAH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SAH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $55.18 | $57.14 | +3.55% |
| Aug 05, 2024 | $55.29 | $57.16 | +3.38% |
| Apr 25, 2024 | $50.31 | $55.77 | +10.85% |
| Feb 14, 2024 | $56.21 | $55.03 | -2.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sonic Automotive (SAH) report earnings?
Sonic Automotive (SAH) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Sonic Automotive (SAH) earnings time?
Sonic Automotive (SAH) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SAH EPS forecast?
SAH EPS forecast for the fiscal quarter 2024 (Q4) is 1.47.
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