Sonic Automotive Reports Record First Quarter Revenues and Earnings Per Share

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Go back to Sonic Automotive Reports Record First Quarter Revenues and Earnings Per Share

Sonic Automotive (SAH) Tops Q1 EPS by 31c, Revenues Beat

April 29, 2021 7:01 AM EDT

Sonic Automotive (NYSE: SAH) reported Q1 EPS of $1.23, $0.31 better than the analyst estimate of $0.92. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.53 billion.

First Quarter Highlights

Record first quarter revenues of $2.8 billion, up 20.7%, and record first quarter income from continuing operations before taxes of $72.6 million, compared to a loss before taxes of $243.2 million in the first quarter of 2020, which included a $268.0 million non-cash goodwill impairment charge (excluding the effect of this prior year goodwill impairment charge, pre-tax earnings increased 193.1%)Record first quarter reported earnings from continuing... More