Sonic Automotive, Inc. Class A Aktie News

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Announces Retirement of Rachel Richards and Promotion of Dino Bernacchi to Chief Marketing Officer.

The better-than-expected operating profitability of Sonic Automotive's pre-owned vehicle business (EchoPark) was the main factor contributing to the company's +4.8% Q1 earnings beat. SAH has decreased its total shares outstanding by a fifth in the last four years with its active share buybacks. Sonic Automotive is awarded a Buy rating considering EchoPark's growth prospects and SAH's potential ...

Sonic Automotive, Inc. (NYSE:SAH ) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants David Smith - Chairman & CEO Heath Byrd - CFO Jeff Dyke - President Danny Wieland - VP of IR & Financial Reporting Conference Call Participants John Murphy - Bank of America Rajat Gupta - JPMorgan Patrick Buckley - Jefferies Operator Good morning, and welcome to the Sonic Automoti...

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Reports First Quarter Financial Results.

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Schedules Release of 2024 First Quarter Financial Results.

Sonic Automotive, Inc. (SAH) Q4 2023 Earnings Call Transcript

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive, Inc. (“Sonic Automotive,” “Sonic,” the “Company,” "we," "us" or "our") (NYSE:SAH), one of the nation's largest automotive retailers, today reported financial results for the fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter 2023 Financial Summary Total revenues of $3.6 billion, flat year-over-year; total gross profit of $5...

Sonic Automotive's revenue has been growing, but its profitability and cash flows have declined. The company's EchoPark segment, focused on used vehicle sales, has been a major source of losses. Despite the challenges, Sonic Automotive's stock is attractively priced and management is working to improve profitability.