Financial Data and Key Metrics Changes - Reported GAAP EPS for Q3 2025 was $1.33 per share, with adjusted EPS at $1.41 per share, reflecting a 12% year-over-year increase [4] - Consolidated total revenues reached an all-time quarterly record of $4 billion, up 14% year-over-year [4] - Consolidated gross profit grew 13%, and adjusted EBITDA increased by 11% [4] Business Line Data and Key Metrics Changes - Franchise dealership segment generated record quarterly revenues of $3.4 billion, up 17% year-over-year, with same-store revenue growth of 11% [4] - Same-store new vehicle volume increased by 7%, used vehicle volume by 3%, and fixed operations revenues by 6% [4] - EchoPark segment revenues were $523 million, down 4% year-over-year, with adjusted segment income at $2.7 million [8] - Power Sports segment achieved record revenues of $84 million, up 42% year-over-year, and adjusted EBITDA of $10.1 million, up 74% [9] Market Data and Key Metrics Changes - New vehicle gross profit per unit (GPU) decreased by 7% year-over-year to $2,852, attributed to a higher mix of electric vehicle sales [6] - Used vehicle GPU increased by 10% year-over-year to $1,530 per unit, despite a 4% sequential decrease [6] - F&I GPU reached a record of $2,597 per unit, up 11% year-over-year [6] Company Strategy and Development Direction - The company aims to deploy capital through a diversified growth strategy across franchise dealerships, EchoPark, and Power Sports segments to enhance shareholder returns [11] - Focus on increasing non-auction sourced inventory for EchoPark to improve consumer affordability [9] - Plans to resume disciplined store openings for EchoPark in 2026, contingent on improved used vehicle market conditions [9] Management's Comments on Operating Environment and Future Outlook - Management noted a significant increase in medical expenses and a higher effective income tax rate negatively impacted earnings [4] - The company remains focused on adapting to ongoing changes in the automotive retail environment and macroeconomic conditions [11] - Confidence in the strategy and team to create long-term value for shareholders [12] Other Important Information - The Board of Directors approved a quarterly cash dividend of $0.38 per share, payable on January 15, 2026 [11] - The company completed the acquisition of Jaguar Land Rover Santa Monica, enhancing its luxury brand portfolio [10] Q&A Session Summary Question: Insights on the used car market and EchoPark's performance - Management discussed challenges in acquiring used vehicles due to rental supply headwinds, impacting EchoPark's sales volume [18][19] - Focus on reducing average cost of sales and increasing vehicle acquisitions off the street [18] Question: Impact of medical expenses on SG&A - Medical expenses were a significant driver of increased SG&A, with expectations for flat costs moving into Q4 [21] Question: Franchise growth outlook - Management expects a return to normal margins and improvement in Q4, with a focus on reducing inventory exposure [31][32] Question: Warranty penetration and EV impact - Warranty penetration dropped due to a higher lease mix of electric vehicles, with expectations for normalization in 2026 [61][62] Question: EchoPark's future growth - Management is optimistic about EchoPark's growth in 2026, with plans to open new stores and improve inventory sourcing [73][74]

General Motors Company (NYSE:GM) is revving up attention as momentum builds across EVs and its stalwart trucks.GM shares are advancing steadily. See what is driving the move here.The Detroit icon is pressing the accelerator, from factory expansions to pricing power on the showroom floor.General Motors will report third-quarter results on Oct. 21 before the market opens. Wedbush analyst Daniel Ives reiterated the stock’s Outperform rating and price forecast of $65.Also Read: Stellantis Teams Up With Pony AI ...

$7,500 Federal Tax Credit EndingOrder by September 30.@tesla @tesla_na https://t.co/jDfXm9o6fg ...

Financial Incentives - Up to $10,000 in auto loan interest is now deductible for Americans [1] - This deduction can be combined with the $7,500 federal tax credit [1] Cost Savings - Tesla vehicles offer long-term cost savings due to zero gas expenses and minimal maintenance [1]