Sonic Automotive ( (SAH) ) has released its Q1 earnings. Here is a breakdown of the information Sonic Automotive presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Sonic Automotive, Inc., a Fortune 500 company based in Charlotte, North Carolina, is a leading automotive and powersports retailer in the United States, known for its strategic investments in technology and guest-centric experiences. In its first quarter of 2025, Sonic Automotive reported record total revenues of $3.7 billion, an 8% increase year-over-year, and a significant 68% rise in net income to $70.6 million. The EchoPark segment achieved an all-time record quarterly gross profit of $63.9 million, marking a 21% increase from the previous year, and a notable improvement in segment income from a loss to $10.3 million. The Franchised Dealerships segment also saw strong performance with record revenues and an 8% increase in same-store revenues. Despite uncertainties such as tariffs impacting the automotive industry, Sonic Automotive remains focused on strategic growth and optimizing its operations to enhance shareholder value.