Sonic Automotive Reports 1st Quarter 2020 Results With All-Time Record EchoPark Revenue And Unit Sales
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Sonic Automotive (SAH) Tops Q1 EPS by 18c, Revenues Beat
April 29, 2020 7:04 AM EDTSonic Automotive (NYSE: SAH) reported Q1 EPS of $0.40, $0.18 better than the analyst estimate of $0.22. Revenue for the quarter came in at $2.31 billion versus the consensus estimate of $2.27 billion.
First Quarter Highlights
Adjusted earnings per diluted share from continuing operations* of $0.40 for the first quarter of 2020, compared to $0.39 for the first quarter of 2019SG&A expenses as a percentage of gross profit were 80.5% for the first quarter of 2020, compared to 68.8% for the first quarter of 2019 (adjusted SG&A expenses as a percentage of gross profit* were 80.5% for the first quarter of 2020 and 80.1% for... More