UBS Cuts Price Target on Sonic Automotive (SAH) Following 3Q
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Sonic Automotive, Inc. Reports Third Quarter Earnings
November 1, 2016 7:49 AM EDTCHARLOTTE, N.C., Nov. 1, 2016 /PRNewswire/ --
Third Quarter 2016 Highlights
All-time record quarterly used retail unit sales of 30,933, up 1.5% over the prior year quarter Record third quarter fixed operations gross profit of $170.0 million, up 0.2% over the prior year quarter with one less selling day All-time record F&I quarterly gross profit of $89.6 million, up 4.4% over the prior year quarter EchoPark® stores retail 1,458 units, up 58.5% from the prior year quarter five stores operational in the Denver market
