UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ (Mark One) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13395 ______________________________________ SONIC AUTOMOTIVE, INC. (Exact name of registrant as specified in its charter) ______________________________________ (State or other jurisdiction ...

For the quarter ended March 2025, Sonic Automotive (SAH) reported revenue of $3.65 billion, up 7.9% over the same period last year. EPS came in at $1.48, compared to $1.36 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.54 billion, representing a surprise of +3.18%. The company delivered an EPS surprise of +1.37%, with the consensus EPS estimate being $1.46.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Core Insights - Sonic Automotive reported quarterly earnings of $1.48 per share, exceeding the Zacks Consensus Estimate of $1.46 per share, and showing an increase from $1.36 per share a year ago, representing an earnings surprise of 1.37% [1] - The company achieved revenues of $3.65 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.18% and increasing from $3.38 billion year-over-year [2] - Sonic Automotive has outperformed the market with a year-to-date decline of 6.8%, compared to the S&P 500's decline of 8.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.56 on revenues of $3.64 billion, and for the current fiscal year, it is $6.27 on revenues of $14.53 billion [7] - The estimate revisions trend for Sonic Automotive is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Automotive - Retail and Whole Sales industry is currently in the top 19% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Asbury Automotive Group, a competitor in the same industry, is expected to report quarterly earnings of $6.84 per share, reflecting a year-over-year decline of 5.1%, with revenues projected at $4.4 billion, up 4.8% from the previous year [9][10]

Financial Performance - First quarter total revenues reached $3.7 billion, an increase of 8% year-over-year; total gross profit was $566.4 million, up 6% year-over-year[2] - Reported net income for the first quarter was $70.6 million, a 68% increase year-over-year, translating to $2.04 earnings per diluted share, up 70% year-over-year[2] - Total revenues for the three months ended March 31, 2025, increased by 8% to $3,651.3 million compared to $3,384.0 million in 2024[18] - Net income for the same period rose by 68% to $70.6 million, up from $42.0 million in 2024[18] - Operating income improved by 36% to $145.0 million, compared to $106.7 million in the prior year[18] - Reported net income for Q1 2025 was $70.6 million, compared to $42.0 million in Q1 2024, representing a 68.1% increase[33] - Adjusted net income for Q1 2025 was $51.3 million, up from $47.5 million in Q1 2024, reflecting a 6.4% increase[33] Segment Performance - EchoPark Segment revenues were $559.7 million, flat year-over-year, with an all-time record quarterly gross profit of $63.9 million, up 21% year-over-year[2] - EchoPark Segment reported income was $10.3 million, compared to a segment loss of $2.9 million in the prior year, marking a 455% improvement year-over-year[2] - Adjusted EBITDA for the EchoPark Segment reached an all-time record of $15.8 million, up 116% year-over-year from $7.3 million[2] - The Franchised Dealerships Segment reported total revenues of $3,057.2 million, a 9% increase from $2,796.9 million in 2024[19] - The EchoPark Segment achieved total revenues of $559.7 million, slightly up from $559.4 million in 2024[22] - Powersports Segment achieved first quarter record revenues of $34.4 million, a 24% increase year-over-year, although it reported a segment loss of $3.5 million, a 52% increase from the prior year[11] Cash and Liquidity - As of March 31, 2025, the company had approximately $430 million in cash and floor plan deposits, with total liquidity of approximately $947 million[3] - The Board of Directors approved a quarterly cash dividend of $0.35 per share, payable on July 15, 2025[5] - The company declared dividends of $0.35 per common share, representing a 17% increase from $0.30 in the previous year[18] Sales and Profitability - Retail new vehicle revenues grew by 14% to $1,656.3 million, while total new vehicle revenues also increased by 14% to $1,678.4 million[18] - The unit sales volume for retail new vehicles in the Franchised Dealerships Segment increased by 11% to 28,082 units[19] - Gross profit per unit for retail new vehicles decreased by 17% to $3,089 compared to $3,722 in 2024[21] - EchoPark segment used vehicle unit sales rose by 7% to 18,798 units in Q1 2025 compared to 17,618 units in Q1 2024[23] - Powersports segment retail new vehicle unit sales increased by 18% to 993 units in Q1 2025 from 845 units in Q1 2024[24] Expenses and Adjustments - Total adjusted SG&A expenses decreased by 6% to $408.4 million in Q1 2025 from $385.8 million in Q1 2024[26] - Total SG&A expenses for the Franchised Dealerships Segment decreased by 4% to $325.9 million in Q1 2025 from $338.5 million in Q1 2024[27] - Total SG&A expenses for the EchoPark Segment increased by 2% to $44.8 million in Q1 2024 from $45.6 million in Q1 2023[28] - Total SG&A expenses for the Powersports Segment increased by 19% to $9.6 million in Q1 2025 from $8.1 million in Q1 2024[29] - Total pre-tax adjustments for Q1 2025 amounted to $(26.7) million, compared to $7.4 million in Q1 2024[33] - The company incurred a cyber insurance payment adjustment of $(30.0) million in Q1 2025[33] - The tax effect of adjustments in Q1 2025 was $7.4 million, compared to $(1.9) million in Q1 2024[33]

Sonic Automotive (SAH) shares soared 10% in the last trading session to close at $62.17. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 13.5% loss over the past four weeks.Sonic stock surged yesterday amid a broader market rebound following Trump’s 90-day pause in reciprocal tariffs on most countries (except China). The move came in response to steep market declines and growing fears that tariff increases could push the economy ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________________ FORM 10-K ___________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13395 ___ ...

SONIC AUTOMOTIVE Investor Presentation | Fourth Quarter 2024 Updated February 12, 2025 Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events, are not historical facts and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. These statements can generally be identified by lead-in words such as "may," ...

Sonic Automotive, Inc. (NYSE:SAH) Q4 2024 Earnings Conference Call February 12, 2025 11:00 AM ET Company Participants David Smith - Chairman and CEO Jeff Dyke - President Danny Wieland - VP, IR Heath Byrd - EVP and CFO Tim Keen - EchoPark COO Conference Call Participants John Murphy - Bank of America Rajat Gupta - JPMorgan Bret Jordan - Jefferies Jeff Lick - Stephens Chris Pierce - Needham & Company Operator Good morning, and welcome to the Sonic Automotive Fourth Quarter 2024 Earnings Conference Call. This ...

Sonic Automotive (SAH) reported $3.9 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 8.7%. EPS of $1.51 for the same period compares to $1.63 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.61 billion, representing a surprise of +7.84%. The company delivered an EPS surprise of +3.42%, with the consensus EPS estimate being $1.46.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Group 1: Earnings Performance - Sonic Automotive reported quarterly earnings of $1.51 per share, exceeding the Zacks Consensus Estimate of $1.46 per share, but down from $1.63 per share a year ago, representing an earnings surprise of 3.42% [1] - The company posted revenues of $3.9 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 7.84%, compared to $3.58 billion in the same quarter last year [2] - Over the last four quarters, Sonic Automotive has surpassed consensus EPS estimates three times [2] Group 2: Stock Performance and Outlook - Sonic Automotive shares have increased approximately 18% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [3] - The current consensus EPS estimate for the upcoming quarter is $1.25 on revenues of $3.44 billion, and for the current fiscal year, it is $6.15 on revenues of $14.37 billion [7] - The estimate revisions trend for Sonic Automotive is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Group 3: Industry Context - The Automotive - Retail and Whole Sales industry is currently in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]