Sonic Automotive (SAH) Misses Q3 EPS by 12c, Miss on Revenues

Sonic Automotive (NYSE: SAH) reported Q3 EPS of $0.40, $0.12 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $2.51 billion versus the consensus estimate of $2.57 billion.

Third Quarter 2017 Results

• EchoPark units retailed up 37.7% over the prior year quarter
• All-time record quarterly F&I gross profit and gross profit per retail unit of $92.9 million and $1,408, respectively
• Record Q3 total gross profit of $362.6 million, up 1.0% over the prior year quarter
• Repurchased 0.7 million Class A shares (approximately 1.5% of outstanding stock) for $11.4 million and declared $0.05/share dividend
• GAAP continuing operations net income of $19.7 million with EPS of $0.45 per diluted share
• Adjusted continuing operations net income of $17.4 million with adjusted EPS of $0.40 per diluted share

For earnings history and earnings-related data on Sonic Automotive (SAH) click here.

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