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The latest update is out from Sonic Automotive ( (SAH) ).
Sonic Automotive reported record financial results for the fourth quarter and full year of 2024, with quarterly revenues reaching an all-time high of $3.9 billion and annual revenues at $14.2 billion. Despite a slight annual revenue decline, the company saw significant improvements in profitability, particularly in its EchoPark segment, which achieved a substantial turnaround in adjusted EBITDA. The company also exceeded its technician hiring goals and made strategic acquisitions expected to bolster future revenues. The approval of a quarterly cash dividend reflects Sonic’s robust financial health and commitment to shareholder returns.
More about Sonic Automotive
Sonic Automotive, Inc. is one of the nation’s largest automotive retailers, focusing on the sale of new and used vehicles, as well as providing related services. The company operates franchised dealerships and EchoPark locations, targeting a broad market across the automotive retail sector.
YTD Price Performance: 19.90%
Average Trading Volume: 154,835
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.5B
For detailed information about SAH stock, go to TipRanks’ Stock Analysis page.
