Sonic Automotive, Inc. - Ordinary Shares - Class A

NYSE:SAH   1:45:46 PM EDT
53.81
-0.74 (-1.36%)
Earnings Announcements

Sonic Automotive Reports Q2 Financial Results

Published: 07/28/2022 11:36 GMT
Sonic Automotive, Inc. - Ordinary Shares - Class A (SAH) - Sonic Automotive Reports Second Quarter Financial Results.
Q2 Adjusted Earnings per Share $2.45 From Continuing Operations Excluding Items.
Q2 Revenue Rose 9 Percent to $3.7 Billion.
Board of Directors Increases Share Repurchase Authorization by $500 Million for Total Availability of $633 Million.
Sonic Automotive - Concluded Review Process for Its Echopark Business.
Sonic Automotive - Board Determined Timing and Current Market Conditions Do Not Align With Company's Value Creation Objectives for Echopark Business.
Sonic Automotive - Current Market Environment Caused Co to Adjust Echopark's Projected Revenue Growth, Push Back Achievement of Previously Stated Goals Beyond 2025.
Q2 Earnings per Share View $2.55, Revenue View $3.90 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $3.77 Billion
Adjusted EPS is expected to be $2.49

Next Quarter Revenue Guidance is expected to be $3.91 Billion
Next Quarter EPS Guidance is expected to be $2.48

More details on our Analysts Page.