Here's What Key Metrics Tell Us About Sonic Automotive (SAH) Q3 Earnings

Core Viewpoint - Sonic Automotive reported a revenue of $3.49 billion for Q3 2024, marking a year-over-year decline of 4.2% and an EPS of $1.26, down from $2.02 a year ago, indicating challenges in financial performance [1] Financial Performance - Revenue of $3.49 billion was below the Zacks Consensus Estimate of $3.54 billion, resulting in a surprise of -1.48% [1] - EPS of $1.26 was also below the consensus estimate of $1.42, leading to an EPS surprise of -11.27% [1] Segment Performance - Franchised Dealerships Segment: Used vehicle unit sales were 24,934, below the average estimate of 26,449 [1] - Powersports Segment: Retail new vehicle sales were 1,266, slightly below the average estimate of 1,274 [1] - EchoPark Segment: Used vehicle unit sales were 17,757, slightly above the average estimate of 17,653 [1] - Franchised Dealerships Segment: Used vehicle unit sales were 24,940, below the average estimate of 26,573 [1] Revenue Breakdown - New vehicles revenue was $1.59 billion, slightly above the average estimate of $1.56 billion [1] - Finance, insurance, and other net revenues were $175.60 million, slightly below the average estimate of $176.24 million [1] - Parts, service, and collision repair revenues were $479 million, above the average estimate of $475.06 million [1] - Wholesale vehicle revenues were $67.20 million, below the average estimate of $75.59 million [1] - Used vehicle revenues were $1.18 billion, below the average estimate of $1.21 billion [1] - Total vehicle revenues were $2.84 billion, matching the average estimate [1] - Retail new vehicle revenues were $1.57 billion, slightly above the average estimate of $1.49 billion, representing a -0.4% change year over year [1] - Fleet new vehicle revenues were $22.20 million, above the average estimate of $18.88 million, representing a -4.3% change year over year [1] Stock Performance - Shares of Sonic Automotive have returned -2.8% over the past month, underperforming the Zacks S&P 500 composite's +1.5% change [2] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [2]