Sonic Automotive Reports EPS of $0.62 for the Second Quarter of 2019; EchoPark Revenues Up 61.9% and Expected to Exceed $1.1 Billion for 2019

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Go back to Sonic Automotive Reports EPS of $0.62 for the Second Quarter of 2019; EchoPark Revenues Up 61.9% and Expected to Exceed $1.1 Billion for 2019

Sonic Automotive (SAH) Tops Q2 EPS by 15c, Revenues Beat

July 25, 2019 7:32 AM EDT

Sonic Automotive (NYSE: SAH) reported Q2 EPS of $0.62, $0.15 better than the analyst estimate of $0.47. Revenue for the quarter came in at $2.61 billion versus the consensus estimate of $2.52 billion.

EchoPark revenues of $291.7 million during the second quarter of 2019, up 61.9% from the second quarter of 2018 and on-track to exceed $1.1 billion in full year 2019 revenues.EchoPark pre-tax profit improved $29.5 million, or 101.6%, to $1.7 million in the second quarter of 2019, compared to a pre-tax loss of $27.8 million in the second quarter of 2018.EchoPark generated positive cash flow (Adjusted EBITDA*) of $4.8 million in the second quarter of 2019,... More