Sonic Automotive (SAH) Tops Q3 EPS by 1c, Revenues Miss

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Sonic Automotive, Inc. Reports Third Quarter Results

October 25, 2018 7:30 AM EDT

CHARLOTTE, N.C., Oct. 25, 2018 /PRNewswire/ -- Sonic Automotive, Inc. (NYSE: SAH), one of the nation's largest automotive retailers, today reported financial results for the third quarter of 2018.

Third quarter revenue and gross profit of $2.5 billion and $360.5 million, respectively Record third quarter pre-owned retail unit sales of 34,952 units Record third quarter F&I gross profit per retail unit of $1,505 Record third quarter F&I gross of $98.1 million EchoPark stores retailed 7,698 units during the quarter, up 221% from the third quarter of 2017 GAAP continuing... More