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Sonic Automotive Reports First Quarter 2026 Financial ResultsApril 30, 2026 6:45 AM
Business Wire
Sonic Reported First Quarter Record Consolidated Revenues and Gross Profit
Sonic's EchoPark Segment Achieved All-Time Record Quarterly Pre-Tax Income and Adjusted EBITDA*
During the First Quarter, Sonic Repurchased Approximately 2.1 Million Shares of its Class A Common Stock, Representing a 6% Reduction In Outstanding Shares from December 31, 2025
Sonic Automotive, Inc. (“Sonic Automotive,” “Sonic,” the “Company,” “we” “us” or “our”) (NYSE:SAH), one of the nation’s largest automotive retailers, today reported financial results for the first quarter ended March 31, 2026.
First Quarter 2026 Financial Summary
First quarter record total revenues of $3.7 billion, up 1% year-over-year; first quarter record total gross profit of $598.8 million, up 6% year-over-year
Reported net income in the first quarter was $60.8 million, down 14% year-over-year ($1.79 earnings per share, down 12% year-over-year)
Reported net income for the first quarter of 2026 includes a $5.1 million pre-tax disposition-related net gain and a $3.6 million pre-tax gain related to the exit of leased dealerships, partially offset by a $0.4 million pre-tax impairment charge related to capital improvement projects (collectively, these items are partially offset by a $2.4 million income tax expense on the above net benefit)
Reported net income for the first quarter of 2025 includes the effect of a $30.0 million pre-tax gain from cyber insurance proceeds, offset partially by a $1.4 million non-cash pre-tax impairment charge, a $1.0 million pre-tax disposition related net loss, and a $0.9 million pre-tax charge related to storm damage (collectively, these items are partially offset by a $7.4 million tax expense on the above net benefit)
Excluding the above items, adjusted net income* for the first quarter of 2026 was $54.9 million, up 7% year-over-year ($1.62 adjusted earnings per diluted share*, up 9% year-over-year)
Total reported selling, general and administrative (“SG&A”) expenses as a percentage of gross profit of 71.3% (71.9% on a Franchised Dealerships Segment basis, 62.9% on an EchoPark Segment basis, and 97.7% on a Powersports Segment basis)
Total adjusted SG&A expenses as a percentage of gross profit* of 72.8% (72.9% on a Franchised Dealerships Segment basis, 68.2% on an EchoPark Segment basis, and 97.7% on a Powersports Segment basis)
EchoPark Segment revenues of $580.5 million, up 4% year-over-year; all-time record quarterly EchoPark Segment total gross profit of $67.9 million, up 6% year-over-year; EchoPark Segment retail used vehicle unit sales volume of 19,326, up 3% year-over-year
All-time record quarterly reported EchoPark Segment income of $16.2 million, as compared to $10.3 million in the prior year period, a 57% increase year-over-year
All-time record quarterly adjusted EchoPark Segment income* of $12.6 million, as compared to $10.1 million in the prior year period, a 25% increase year-over-year
All-time record quarterly EchoPark Segment adjusted EBITDA* of $18.6 million, as compared to $15.8 million adjusted EBITDA* in the prior year period, up 18% year-over-year
Previously announced acquisition of Space Coast Harley-Davidson, Treasure Coast Harley-Davidson, Falcons Fury Harley-Davidson, Raging Bull Harley-Davidson, and San Diego Harley-Davidson in April 2026 is expected to add approximately $100 million in annualized revenue to Sonic's Powersports Segment
During the first quarter, Sonic disposed of four Franchised Dealerships, which generated $113.5 million in revenues in 2025 and $58.7 million in gross proceeds from disposition
During the first quarter, Sonic repurchased approximately 2.1 million shares of its Class A common stock for an aggregate purchase price of approximately $135.7 million, representing a 6% reduction in outstanding shares from December 31, 2025
In April 2026, Sonic's Board of Directors approved $500 million in additional share repurchase authorization, increasing the total remaining share repurchase authorization to $528 million
Sonic’s Board of Directors approved an 8% increase to the quarterly cash dividend, to $0.41 per share, payable on July 15, 2026 to all stockholders of record on June 15, 2026
* Represents a non-GAAP financial measure — please refer to the discussion and reconciliation of non-GAAP financial measures below.
Commentary
David Smith, Chairman and Chief Executive Officer of Sonic Automotive, stated, “I am grateful for our team's efforts in the first quarter, which delivered several first quarter and all-time quarterly records across our operating segments. Our Franchised Dealerships built on fourth quarter momentum to deliver record consolidated first quarter revenue, and our EchoPark team capitalized on a strong tax refund season to deliver an all-time record adjusted EBITDA* of $18.6 million while continuing to provide a world-class guest experience. We are also excited to expand our Powersports segment in the great riding states of California, Florida, Georgia, and North Carolina. The acquisition of five new Harley-Davidson dealerships establishes Sonic Powersports as one of the fastest growing powersports retailers in the country and reinforces our commitment to diversifying our revenue base and enhancing shareholder returns.”
Jeff Dyke, President of Sonic Automotive, commented, “Despite tough year-over-year comparisons, our team outperformed on several key operating metrics. In our Franchised Dealerships segment, our focus on technician hiring and retention resulted in first quarter record fixed operations gross profit, up 10% year-over-year. Continued improvements in our finance and insurance operations led to first quarter records in both total gross profit and gross profit per unit. At EchoPark, our team once again proved that executing on our playbook will drive industry leading returns. With all-time records in quarterly segment total gross profit, pre-tax income, and adjusted EBITDA*, we remain confident in the long-term potential of the EchoPark brand and our plan to resume disciplined expansion of our EchoPark footprint in late 2026, supported by a strategic brand marketing investment beginning in mid-2026.”
Heath Byrd, Chief Financial Officer of Sonic Automotive, added, “As of March 31, 2026, we had approximately $381 million in cash and floor plan deposits on hand, with total liquidity of approximately $770 million. As we move through 2026, we will continue to seek opportunities to strategically deploy capital as markets evolve."
First Quarter 2026 Segment Highlights
The financial measures discussed below are results for the first quarter of 2026 with comparisons made to the first quarter of 2025, unless otherwise noted.
Franchised Dealerships Segment operating results include:
Same store revenues down 4%; same store gross profit flat
Same store retail new vehicle unit sales volume down 10%; same store retail new vehicle gross profit per unit down 4%, to $3,002
Same store retail used vehicle unit sales volume up 3%; same store retail used vehicle gross profit per unit down 4%, to $1,533
Same store parts, service and collision repair (“Fixed Operations”) gross profit up 5%; same store customer pay gross profit up 5%; same store warranty gross profit up 7%; same store Fixed Operations gross profit margin up 40 basis points, to 51.1%
Same store finance and insurance (“F&I”) gross profit up 2%; same store F&I gross profit per retail unit of $2,594, up 6%
On a trailing quarter cost of sales basis, the Franchised Dealerships Segment had 58 days’ supply of new vehicle inventory (including in-transit) and 32 days’ supply of used vehicle inventory
EchoPark Segment operating results include:
Revenues of $580.5 million, up 4%; gross profit of $67.9 million, up 6%
Retail used vehicle unit sales volume of 19,326, up 3%
All-time record quarterly reported segment income of $16.2 million, all-time record quarterly adjusted segment income* of $12.6 million, and all-time record quarterly adjusted EBITDA* of $18.6 million
On a trailing quarter cost of sales basis, the EchoPark Segment had 40 days’ supply of used vehicle inventory
Powersports Segment operating results include:
First quarter record revenues of $40.9 million, up 19%; first quarter record gross profit of $10.1 million, up 19%
Segment loss of $2.0 million, a 43% improvement from a segment loss of $3.5 million in the prior year period, and adjusted EBITDA loss* of $0.1 million, an 86% improvement from an adjusted EBITDA loss* of $0.7 million in the prior year period (note that the first quarter has seasonally lower demand ahead of peak powersports industry demand in the second and third quarters)
* Represents a non-GAAP financial measure — please refer to the discussion and reconciliation of non-GAAP financial measures below.
Dividend
Sonic’s Board of Directors approved an 8% increase to the quarterly cash dividend, to $0.41 per share, payable on July 15, 2026 to all stockholders of record on June 15, 2026.
First Quarter 2026 Earnings Conference Call
Senior management will hold a conference call today at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning prior to the conference call on the Company’s website at ir.sonicautomotive.com.
To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. For telephone access to this conference call, please dial (877) 407-8289 (domestic) or +1 (201) 689-8341 (international) and ask to be connected to the Sonic Automotive First Quarter 2026 Earnings Conference Call. Dial-in access remains available throughout the live call; however, to ensure you are connected for the full call we suggest dialing in at least 10 minutes before the start of the call. A webcast replay will be available following the call for 14 days at ir.sonicautomotive.com.
About Sonic Automotive
Sonic Automotive, Inc., a Fortune 500 company based in Charlotte, North Carolina, is on a quest to become the most valuable diversified automotive retail and service brand in America. Our Company culture thrives on creating, innovating, and providing industry-leading guest experiences, driven by strategic investments in technology, teammates, and ideas that ultimately fulfill ownership dreams, enrich lives, and deliver happiness to our guests and teammates. As one of the largest automotive and powersports retailers in America, we are committed to delivering on this goal while pursuing expansive growth and taking progressive measures to be the leader in these categories. Our new platforms, programs, and people are set to drive the next generation of automotive and powersports experiences. More information about Sonic Automotive can be found at www.sonicautomotive.com and ir.sonicautomotive.com.
About EchoPark Automotive
EchoPark Automotive is one of the most comprehensive retailers of nearly new pre-owned vehicles in America today. Our unique business model offers a best-in-class shopping experience and utilizes one of the most innovative technology-enabled sales strategies in our industry. Our approach provides a personalized and proven guest-centric buying process that consistently delivers award-winning guest experiences and superior value to car buyers nationwide, with savings of up to $3,000 versus the competition. Consumers have responded by putting EchoPark among the top national pre-owned vehicle retailers in products, sales, and service, while receiving the 2023 Consumer Satisfaction Award from DealerRater. EchoPark’s mission is in the name: Every Car, Happy Owner. This drives the experience for guests and differentiates EchoPark from the competition. More information about EchoPark Automotive can be found at www.echopark.com.
Forward-Looking Statements
Included herein are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements address our future objectives, plans and goals, as well as our intent, beliefs and current expectations regarding future operating performance, results and events, and can generally be identified by words such as “may,” “will,” “should,” “could,” “believe,” “expect,” “estimate,” “anticipate,” “intend,” “plan,” “foresee” and other similar words or phrases. You should not place undue reliance on these statements, and you are cautioned that these forward-looking statements are not guarantees of future performance. There are many factors that affect management’s views about future events and trends of the Company’s business. These factors involve risks and uncertainties that could cause actual results or trends to differ materially from management’s views, including, without limitation, the effects of tariffs on vehicle and parts pricing and supply, the effects of tariffs on consumer demand, economic conditions in the markets in which we operate, supply chain disruptions and manufacturing delays, labor shortages, the impacts of inflation and changes in interest rates, new and used vehicle industry sales volume, future levels of consumer demand for new and used vehicles, anticipated future growth in each of our operating segments, the success of our operational strategies and investment in new technologies, the rate and timing of overall economic expansion or contraction, the integration of acquisitions, cybersecurity incidents and other disruptions to our information systems, and the risk factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and other reports and information filed with the United States Securities and Exchange Commission (the “SEC”). The Company does not undertake any obligation to update forward-looking information, except as required under federal securities laws and the rules and regulations of the SEC. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
Non-GAAP Financial Measures
This press release and the attached financial tables contain certain non-GAAP financial measures as defined under SEC rules, such as adjusted net income, adjusted earnings per diluted share, adjusted SG&A expenses, adjusted SG&A expenses as a percentage of gross profit, adjusted segment income (loss), and adjusted EBITDA (loss). As required by SEC rules, the Company has provided reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures in the schedules included in this press release. The Company believes that these non-GAAP financial measures improve the transparency of the Company’s disclosures and provide a meaningful presentation of the Company’s results.
Sonic Automotive, Inc.
Results of Operations (Unaudited)
Results of Operations - Consolidated
Three Months Ended March 31,
Better / (Worse)
2026
2025
% Change
(In millions, except per share
amounts)
Revenues:
Retail new vehicles
$
1,607.4
$
1,656.3
(3
)%
Fleet new vehicles
20.7
22.1
NM
Total new vehicles
1,628.1
1,678.4
(3
)%
Used vehicles
1,269.6
1,225.0
4
%
Wholesale vehicles
71.8
82.7
NM
Total vehicles
2,969.5
2,986.1
(1
)%
Parts, service and collision repair
516.6
474.4
9
%
Finance, insurance and other, net
202.4
190.8
6
%
Total revenues
3,688.5
3,651.3
1
%
Cost of sales:
Retail new vehicles
(1,522.9
)
(1,566.9
)
3
%
Fleet new vehicles
(20.3
)
(21.5
)
6
%
Total new vehicles
(1,543.2
)
(1,588.4
)
3
%
Used vehicles
(1,221.1
)
(1,178.6
)
(4
)%
Wholesale vehicles
(73.4
)
(84.1
)
13
%
Total vehicles
(2,837.7
)
(2,851.1
)
—
%
Parts, service and collision repair
(252.0
)
(233.8
)
(8
)%
Total cost of sales
(3,089.7
)
(3,084.9
)
—
%
Gross profit
598.8
566.4
6
%
Selling, general and administrative expenses
(427.0
)
(380.3
)
(12
)%
Impairment charges
(0.4
)
(1.4
)
NM
Depreciation and amortization
(38.7
)
(39.7
)
3
%
Operating income (loss)
132.7
145.0
(8
)%
Other income (expense):
Interest expense, floor plan
(19.4
)
(20.0
)
3
%
Interest expense, other, net
(28.3
)
(27.6
)
(3
)%
Other income (expense), net
0.1
—
NM
Total other income (expense)
(47.6
)
(47.6
)
—
%
Income before taxes
85.1
97.4
(13
)%
Provision for income taxes - benefit (expense)
(24.3
)
(26.8
)
9
%
Net income
$
60.8
$
70.6
(14
)%
Basic earnings (loss) per common share
$
1.81
$
2.09
(13
)%
Basic weighted-average common shares outstanding
33.6
33.9
1
%
Diluted earnings (loss) per common share
$
1.79
$
2.04
(12
)%
Diluted weighted-average common shares outstanding
34.0
34.6
2
%
Dividends declared per common share
$
0.38
$
0.30
27
%
NM = Not Meaningful
Franchised Dealerships Segment - Reported
Three Months Ended March 31,
Better / (Worse)
2026
2025
% Change
(In millions, except unit and per unit data)
Revenues:
Retail new vehicles
$
1,585.2
$
1,636.9
(3
)%
Fleet new vehicles
20.7
22.1
NM
Total new vehicles
1,605.9
1,659.0
(3
)%
Used vehicles
768.7
745.6
3
%
Wholesale vehicles
43.9
54.6
NM
Total vehicles
2,418.5
2,459.2
(2
)%
Parts, service and collision repair
509.3
467.4
9
%
Finance, insurance and other, net
139.3
130.6
7
%
Total revenues
3,067.1
3,057.2
—
%
Gross Profit:
Retail new vehicles
81.2
86.7
(6
)%
Fleet new vehicles
0.4
0.6
(33
)%
Total new vehicles
81.6
87.3
(7
)%
Used vehicles
40.5
39.9
2
%
Wholesale vehicles
(1.8
)
(1.0
)
(80
)%
Total vehicles
120.3
126.2
(5
)%
Parts, service and collision repair
261.1
237.2
10
%
Finance, insurance and other, net
139.3
130.6
7
%
Total gross profit
520.7
494.0
5
%
Selling, general and administrative expenses
(374.4
)
(325.9
)
(15
)%
Impairment charges
(0.4
)
—
NM
Depreciation and amortization
(31.7
)
(33.4
)
5
%
Operating income
114.2
134.7
(15
)%
Other income (expense):
Interest expense, floor plan
(16.0
)
(16.3
)
2
%
Interest expense, other, net
(27.3
)
(26.6
)
(3
)%
Other income (expense), net
0.1
0.1
NM
Total other income (expense)
(43.2
)
(42.8
)
(1
)%
Income before taxes
71.0
91.9
(23
)%
Add: Impairment charges
0.4
—
NM
Segment income
$
71.4
$
91.9
(22
)%
Unit Sales Volume:
Retail new vehicles
25,830
28,082
(8
)%
Fleet new vehicles
337
383
(12
)%
Total new vehicles
26,167
28,465
(8
)%
Used vehicles
26,335
25,441
4
%
Wholesale vehicles
4,713
6,195
(24
)%
Retail new & used vehicles
52,165
53,523
(3
)%
Used-to-New Ratio
1.02
0.91
12
%
Gross Profit Per Unit:
Retail new vehicles
$
3,144
$
3,089
2
%
Fleet new vehicles
$
1,264
$
1,444
(12
)%
New vehicles
$
3,120
$
3,067
2
%
Used vehicles
$
1,539
$
1,568
(2
)%
Finance, insurance and other, net
$
2,670
$
2,439
9
%
NM = Not Meaningful
Note: Reported Franchised Dealerships Segment results include (i) same store results from the “Franchised Dealerships Segment - Same Store” table below and (ii) the effects of acquisitions, open points, dispositions and holding company impacts for the periods reported. All currently operating franchised dealership stores are included within the same store group as of the first full month following the first anniversary of the store’s opening or acquisition.
Franchised Dealerships Segment - Same Store
Three Months Ended March 31,
Better / (Worse)
2026
2025
% Change
(In millions, except unit and per unit data)
Revenues:
Retail new vehicles
$
1,485.5
$
1,617.0
(8
)%
Fleet new vehicles
18.8
22.0
(15
)%
Total new vehicles
1,504.3
1,639.0
(8
)%
Used vehicles
746.2
732.5
2
%
Wholesale vehicles
41.4
53.6
(23
)%
Total vehicles
2,291.9
2,425.1
(5
)%
Parts, service and collision repair
483.5
462.2
5
%
Finance, insurance and other, net
130.6
128.3
2
%
Total revenues
2,906.0
3,015.6
(4
)%
Gross Profit:
Retail new vehicles
74.2
86.5
(14
)%
Fleet new vehicles
0.5
0.6
(17
)%
Total new vehicles
74.8
87.1
(14
)%
Used vehicles
39.3
39.5
(1
)%
Wholesale vehicles
(1.7
)
(0.7
)
(143
)%
Total vehicles
112.4
125.9
(11
)%
Parts, service and collision repair
247.1
234.5
5
%
Finance, insurance and other, net
130.6
128.3
2
%
Total gross profit
$
490.1
$
488.7
—
%
Unit Sales Volume:
Retail new vehicles
24,725
27,598
(10
)%
Fleet new vehicles
317
383
(17
)%
Total new vehicles
25,042
27,981
(11
)%
Used vehicles
25,636
24,832
3
%
Wholesale vehicles
4,519
5,968
(24
)%
Retail new & used vehicles
50,361
52,430
(4
)%
Used-to-New Ratio
1.04
0.90
16
%
Gross Profit Per Unit:
Retail new vehicles
$
3,002
$
3,135
(4
)%
Fleet new vehicles
$
1,717
$
1,444
19
%
New vehicles
$
2,986
$
3,112
(4
)%
Used vehicles
$
1,533
$
1,592
(4
)%
Finance, insurance and other, net
$
2,594
$
2,448
6
%
Note: All currently operating franchised dealership stores are included within the same store group as of the first full month following the first anniversary of the store’s opening or acquisition.
EchoPark Segment - Reported
Three Months Ended March 31,
Better / (Worse)
2026
2025
% Change
(In millions, except unit and per unit data)
Revenues:
Used vehicles
$
491.8
$
473.7
4
%
Wholesale vehicles
27.3
27.3
NM
Total vehicles
519.1
501.0
4
%
Finance, insurance and other, net
61.4
58.7
5
%
Total revenues
580.5
559.7
4
%
Gross Profit:
Used vehicles
6.3
5.4
17
%
Wholesale vehicles
0.2
(0.2
)
200
%
Total vehicles
6.5
5.2
25
%
Finance, insurance and other, net
61.4
58.7
5
%
Total gross profit
67.9
63.9
6
%
Selling, general and administrative expenses
(42.7
)
(44.8
)
5
%
Impairment charges
—
(0.2
)
NM
Depreciation and amortization
(5.7
)
(5.2
)
(10
)%
Operating income
19.5
13.7
42
%
Other income (expense):
Interest expense, floor plan
(3.0
)
(3.1
)
3
%
Interest expense, other, net
(0.3
)
(0.4
)
25
%
Other income (expense), net
—
(0.1
)
NM
Total other income (expense)
(3.3
)
(3.6
)
8
%
Income before taxes
16.2
10.1
60
%
Add: Impairment charges
—
0.2
NM
Segment income
$
16.2
$
10.3
57
%
Unit Sales Volume:
Used vehicles
19,326
18,798
3
%
Wholesale vehicles
3,127
3,150
(1
)%
Gross Profit Per Unit:
Total used vehicle and F&I
$
3,502
$
3,411
3
%
NM = Not Meaningful
EchoPark Segment - Same Market
Three Months Ended March 31,
Better / (Worse)
2026
2025
% Change
(In millions, except unit and per unit data)
Revenues:
Used vehicles
$
491.8
$
473.7
4
%
Wholesale vehicles
27.4
27.3
—
%
Total vehicles
519.2
501.0
4
%
Finance, insurance and other, net
61.6
59.1
4
%
Total revenues
580.8
560.1
4
%
Gross Profit:
Used vehicles
6.4
5.4
19
%
Wholesale vehicles
0.2
(0.2
)
200
%
Total vehicles
6.6
5.2
27
%
Finance, insurance and other, net
61.6
59.1
4
%
Total gross profit
$
68.2
$
64.3
6
%
Unit Sales Volume:
Used vehicles
19,326
18,798
3
%
Wholesale vehicles
3,127
3,150
(1
)%
Gross Profit Per Unit:
Total used vehicle and F&I
$
3,518
$
3,432
3
%
Note: All currently operating EchoPark stores in a local geographic market are included within the same market group as of the first full month following the first anniversary of the market's opening.
Powersports Segment - Reported
Three Months Ended March 31,
Better / (Worse)
2026
2025
% Change
(In millions, except unit and per unit data)
Revenues:
Retail new vehicles
$
22.3
$
19.4
15
%
Used vehicles
9.2
5.7
61
%
Wholesale vehicles
0.2
0.8
NM
Total vehicles
31.7
25.9
22
%
Parts, service and collision repair
7.4
7.0
6
%
Finance, insurance and other, net
1.8
1.5
20
%
Total revenues
40.9
34.4
19
%
Gross Profit:
Retail new vehicles
3.2
2.7
19
%
Used vehicles
1.6
1.1
45
%
Wholesale vehicles
—
(0.2
)
100
%
Total vehicles
4.8
3.6
33
%
Parts, service and collision repair
3.5
3.4
3
%
Finance, insurance and other, net
1.8
1.5
20
%
Total gross profit
10.1
8.5
19
%
Selling, general and administrative expenses
(9.9
)
(9.6
)
(3
)%
Impairment charges
—
(1.1
)
NM
Depreciation and amortization
(1.2
)
(1.2
)
—
%
Operating income
(1.0
)
(3.4
)
71
%
Other income (expense):
Interest expense, floor plan
(0.4
)
(0.5
)
20
%
Interest expense, other, net
(0.7
)
(0.7
)
—
%
Other income (expense), net
0.1
—
NM
Total other income (expense)
(1.0
)
(1.2
)
17
%
Loss before taxes
(2.0
)
(4.6
)
57
%
Add: Impairment charges
—
1.1
NM
Segment loss
$
(2.0
)
$
(3.5
)
43
%
Unit Sales Volume:
Retail new vehicles
1,124
993
13
%
Used vehicles
832
578
44
%
Wholesale vehicles
49
60
(18
)%
Gross Profit Per Unit:
Retail new vehicles
$
2,891
$
2,681
8
%
Used vehicles
$
1,938
$
1,823
6
%
Finance, insurance and other, net
$
907
$
943
(4
)%
NM = Not Meaningful
Powersports Segment - Same Store
Three Months Ended March 31,
Better / (Worse)
2026
2025
% Change
(In millions, except unit and per unit data)
Revenues:
Retail new vehicles
$
22.3
$
18.8
19
%
Used vehicles
9.2
5.2
77
%
Wholesale vehicles
0.2
0.8
(75
)%
Total vehicles
31.7
24.8
28
%
Parts, service and collision repair
7.4
6.6
12
%
Finance, insurance and other, net
1.8
1.4
29
%
Total revenues
40.9
32.8
25
%
Gross Profit:
Retail new vehicles
3.2
2.6
23
%
Used vehicles
1.6
1.0
60
%
Wholesale vehicles
—
—
—
%
Total vehicles
4.8
3.6
33
%
Parts, service and collision repair
3.5
3.2
9
%
Finance, insurance and other, net
1.8
1.4
29
%
Total gross profit
$
10.1
$
8.2
23
%
Unit Sales Volume:
Retail new vehicles
1,124
969
16
%
Used vehicles
832
533
56
%
Wholesale vehicles
49
60
(18
)%
Retail new & used vehicles
1,956
1,502
30
%
Used-to-New Ratio
0.74
0.55
35
%
Gross Profit Per Unit:
Retail new vehicles
$
2,891
$
2,709
7
%
Used vehicles
$
1,938
$
1,797
8
%
Finance, insurance and other, net
$
907
$
952
(5
)%
Note: All currently operating powersports stores are included within the same store group as of the first full month following the first anniversary of the store’s opening or acquisition.
Non-GAAP Reconciliation - Consolidated - SG&A Expenses
Three Months Ended March 31,
Better / (Worse)
2026
2025
Change
% Change
(In millions)
Reported:
Compensation
$
274.3
$
258.5
$
(15.8
)
(6
)%
Advertising
27.3
23.8
(3.5
)
(15
)%
Rent
9.7
10.2
0.5
5
%
Other
115.7
87.8
(27.9
)
(32
)%
Total SG&A expenses
$
427.0
$
380.3
$
(46.7
)
(12
)%
Adjustments:
Acquisition and disposition-related gain (loss)
$
5.1
$
(1.0
)
Cyber insurance proceeds
—
30.0
Storm damage charges
—
(0.9
)
Gain (loss) on exit of leased dealership
3.6
—
Total SG&A adjustments
$
8.7
$
28.1
Adjusted:
Total adjusted SG&A expenses
$
435.7
$
408.4
$
(27.3
)
(7
)%
Reported:
SG&A expenses as a % of gross profit:
Compensation
45.8
%
45.6
%
(20
)
bps
Advertising
4.6
%
4.2
%
(40
)
bps
Rent
1.6
%
1.8
%
20
bps
Other
19.3
%
15.5
%
(380
)
bps
Total SG&A expenses as a % of gross profit
71.3
%
67.1
%
(420
)
bps
Adjustments:
Acquisition and disposition-related gain (loss)
0.9
%
(0.2
)%
Cyber insurance proceeds
—
%
5.3
%
Storm damage charges
—
%
(0.2
)%
Gain (loss) on lease terminations
0.6
%
—
%
Total effect of adjustments
1.5
%
5.0
%
Adjusted:
Total adjusted SG&A expenses as a % of gross profit
72.8
%
72.1
%
(70
)
bps
Reported:
Total gross profit
$
598.8
$
566.4
$
32.4
6
%
Non-GAAP Reconciliation - Franchised Dealerships Segment - SG&A Expenses
Three Months Ended March 31,
Better / (Worse)
2026
2025
Change
% Change
(In millions)
Reported:
Compensation
$
240.1
$
226.4
$
(13.7
)
(6
)%
Advertising
18.7
15.8
(2.9
)
(18
)%
Rent
12.4
9.7
(2.7
)
(28
)%
Other
103.2
74.0
(29.2
)
(39
)%
Total SG&A expenses
$
374.4
$
325.9
$
(48.5
)
(15
)%
Adjustments:
Acquisition and disposition-related gain (loss)
$
5.1
$
(0.3
)
Cyber insurance proceeds
—
30.0
Storm damage charges
—
(0.9
)
Total SG&A adjustments
$
5.1
$
28.8
Adjusted:
Total adjusted SG&A expenses
$
379.5
$
354.7
$
(24.8
)
(7
)%
Reported:
SG&A expenses as a % of gross profit:
Compensation
46.1
%
45.8
%
(30
)
bps
Advertising
3.6
%
3.2
%
(40
)
bps
Rent
2.4
%
2.0
%
(40
)
bps
Other
19.8
%
15.0
%
(480
)
bps
Total SG&A expenses as a % of gross profit
71.9
%
66.0
%
(590
)
bps
Adjustments:
Acquisition and disposition-related gain (loss)
1.0
%
(0.1
)%
Cyber insurance proceeds
—
%
6.1
%
Storm damage charges
—
%
(0.2
)%
Total effect of adjustments
1.0
%
5.8
%
Adjusted:
Total adjusted SG&A expenses as a % of gross profit
72.9
%
71.8
%
(110
)
bps
Reported:
Total gross profit
$
520.7
$
494.0
$
26.7
5
%
Non-GAAP Reconciliation - EchoPark Segment - SG&A Expenses
Three Months Ended March 31,
Better / (Worse)
2026
2025
Change
% Change
(In millions)
Reported:
Compensation
$
26.9
$
25.9
$
(1.0
)
(4
)%
Advertising
8.3
7.7
(0.6
)
(8
)%
Rent
(2.7
)
0.7
3.4
486
%
Other
10.2
10.5
0.3
3
%
Total SG&A expenses
$
42.7
$
44.8
$
2.1
5
%
Adjustments:
Acquisition and disposition-related gain (loss)
$
—
$
0.2
Gain (loss) on exit of leased dealerships
3.6
—
Total SG&A adjustments
$
3.6
$
0.2
Adjusted:
Total adjusted SG&A expenses
$
46.3
$
45.0
$
(1.3
)
(3
)%
Reported:
SG&A expenses as a % of gross profit:
Compensation
39.6
%
40.5
%
90
bps
Advertising
12.2
%
12.1
%
(10
)
bps
Rent
(4.0
)%
1.1
%
510
bps
Other
15.1
%
16.4
%
130
bps
Total SG&A expenses as a % of gross profit
62.9
%
70.1
%
720
bps
Adjustments:
Acquisition and disposition-related gain (loss)
—
%
0.3
%
Gain (loss) on exit of leased dealerships
5.3
%
—
%
Total effect of adjustments
5.3
%
0.3
%
Adjusted:
Total adjusted SG&A expenses as a % of gross profit
68.2
%
70.4
%
220
bps
Reported:
Total gross profit
$
67.9
$
63.9
$
4.0
6
%
Non-GAAP Reconciliation - Powersports Segment - SG&A Expenses
Three Months Ended March 31,
Better / (Worse)
2026
2025
Change
% Change
(In millions)
Reported:
Compensation
$
7.3
$
6.2
$
(1.1
)
(18
)%
Advertising
0.3
0.2
(0.1
)
(50
)%
Rent
—
(0.2
)
(0.2
)
(100
)%
Other
2.3
3.4
1.1
32
%
Total SG&A expenses
$
9.9
$
9.6
$
(0.3
)
(3
)%
Adjustments:
Acquisition and disposition-related gain (loss)
$
—
$
(0.9
)
Total SG&A adjustments
$
—
$
(0.9
)
Adjusted:
Total adjusted SG&A expenses
$
9.9
$
8.7
Reported:
SG&A expenses as a % of gross profit:
Compensation
71.9
%
72.6
%
70
bps
Advertising
3.3
%
2.9
%
(40
)
bps
Rent
—
%
(2.0
)%
(200
)
bps
Other
22.5
%
39.0
%
1,650
bps
Total SG&A expenses as a % of gross profit
97.7
%
112.5
%
1,480
bps
Adjustments:
Acquisition and disposition-related gain (loss)
—
%
(10.5
)%
Total effect of adjustments
—
%
(10.5
)%
Adjusted:
Total adjusted SG&A expenses as a % of gross profit
97.7
%
102.0
%
430
bps
Reported:
Total gross profit
$
10.1
$
8.5
$
1.6
19
%
Non-GAAP Reconciliation - Franchised Dealerships Segment - Income (Loss) Before Taxes and Segment Income (Loss)
Three Months Ended March 31,
2026
2025
% Change
(In millions)
Reported:
Income before taxes
$
71.0
$
91.9
(23
)%
Add: Impairment charges
0.4
—
Segment income
$
71.4
$
91.9
(22
)%
Adjustments:
Acquisition and disposition-related (gain) loss
$
(5.1
)
$
0.3
Cyber insurance proceeds
—
(30.0
)
Storm damage charges
—
0.9
Total pre-tax adjustments
$
(5.1
)
$
(28.8
)
Adjusted:
Segment income
$
66.3
$
63.1
5
%
Non-GAAP Reconciliation - EchoPark Segment - Income (Loss) Before Taxes and Segment Income (Loss)
Three Months Ended March 31,
2026
2025
% Change
(In millions)
Reported:
Income before taxes
$
16.2
$
10.1
60
%
Add: Impairment charges
—
0.2
Segment income
$
16.2
$
10.3
57
%
Adjustments:
Acquisition and disposition-related (gain) loss
$
—
$
(0.2
)
Loss (gain) on exit of leased dealerships
(3.6
)
—
Total pre-tax adjustments
$
(3.6
)
$
(0.2
)
Adjusted:
Segment income
$
12.6
$
10.1
25
%
Non-GAAP Reconciliation - Powersports Segment - Income (Loss) Before Taxes and Segment Income (Loss)
Three Months Ended March 31,
2026
2025
% Change
(In millions)
Reported:
Loss before taxes
$
(2.0
)
$
(4.6
)
57
%
Add: Impairment charges
—
1.1
Segment loss
$
(2.0
)
$
(3.5
)
43
%
Adjustments:
Acquisition and disposition-related (gain) loss
$
—
$
0.9
Adjusted:
Adjusted segment loss
$
(2.0
)
$
(2.6
)
23
%
Non-GAAP Reconciliation - Consolidated - Net Income (Loss) and Diluted Earnings (Loss) Per Share
Three Months Ended March 31, 2026
Three Months Ended March 31, 2025
Weighted-
Average
Shares
Net Income
(Loss)
Per
Share
Amount
Weighted-
Average
Shares
Net Income
(Loss)
Per
Share
Amount
(In millions, except per share amounts)
Reported net income, diluted shares, and diluted earnings per share
34.0
$
60.8
$
1.79
34.6
$
70.6
$
2.04
Adjustments:
Acquisition and disposition-related (gain) loss
$
(5.1
)
$
1.0
Cyber insurance proceeds
—
(30.0
)
Storm damage charges
—
0.9
Impairment charges
0.4
1.4
Loss (gain) on exit of leased dealerships
(3.6
)
—
Total pre-tax adjustments
$
(8.3
)
$
(26.7
)
Tax effect of above items
2.4
7.4
Adjusted net income, diluted shares, and diluted earnings per share
34.0
$
54.9
$
1.62
34.6
$
51.3
$
1.48
Non-GAAP Reconciliation - Adjusted EBITDA
Three Months Ended March 31, 2026
Three Months Ended March 31, 2025
Franchised
Dealerships
Segment
EchoPark
Segment
Powersports
Segment
Total
Franchised
Dealerships
Segment
EchoPark
Segment
Powersports
Segment
Total
(In millions)
Net income
$
60.8
$
70.6
Provision for income taxes
24.3
26.8
Income (loss) before taxes
$
71.0
$
16.2
$
(2.0
)
$
85.1
$
91.9
$
10.1
$
(4.6
)
$
97.4
Non-floor plan interest (1)
25.6
0.3
0.7
26.6
24.9
0.5
0.7
26.1
Depreciation & amortization (2)
33.3
5.7
1.2
40.2
35.1
5.2
1.2
41.4
Stock-based compensation expense
5.2
—
—
5.2
5.8
—
—
5.8
Loss (gain) on exit of leased dealerships
—
(3.6
)
—
(3.6
)
—
—
—
—
Impairment charges
0.4
—
—
0.4
—
0.2
1.1
1.4
Cyber insurance proceeds
—
—
—
—
(30.0
)
—
—
(30.0
)
Acquisition and disposition related (gain) loss
(5.1
)
—
—
(5.1
)
0.3
(0.2
)
0.9
1.0
Storm damage charges
—
—
—
—
0.9
—
—
0.9
Adjusted EBITDA (loss)
$
130.4
$
18.6
$
(0.1
)
$
148.8
$
128.9
$
15.8
$
(0.7
)
$
144.0
Note: Due to rounding, segment level financial data may not sum to consolidated results.
(1)
Includes interest expense, other, net in the accompanying consolidated statements of operations, net of any amortization of debt issuance costs or net debt discount/premium included in (2) below.
(2)
Includes the following line items from the accompanying consolidated statements of cash flows: depreciation and amortization of property and equipment; debt issuance cost amortization; and debt discount amortization, net of premium amortization.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260430204608/en/
Company Contacts
Investor Inquiries:
Heath Byrd, Executive Vice President and Chief Financial Officer
Danny Wieland, Vice President, Investor Relations & Financial Reporting
ir@sonicautomotive.com
Press Inquiries:
Sonic Automotive Media Relations
media.relations@sonicautomotive.com
Original: Sonic Automotive Reports First Quarter 2026 Financial Results
US Market News
4月前
Sonic Automotive Reports Fourth Quarter and Full Year Financial ResultsFebruary 18, 2026 6:45 AM
Business Wire
Full Year Results Include All-Time Record Annual Revenues of $15.2 Billion, Up 7% from the Prior Year
All-Time Record Annual Gross Profit Driven by All-Time Records in Both Fixed Operations and F&I Gross Profit
All-Time Record Annual EchoPark and Powersports Segment Income and Adjusted EBITDA*
Sonic Automotive, Inc. (“Sonic Automotive,” “Sonic,” the “Company,” "we," "us" or "our") (NYSE:SAH), one of the nation’s largest automotive retailers, today reported financial results for the fourth quarter and fiscal year ended December 31, 2025.
Fourth Quarter 2025 Financial Summary
Total revenues of $3.9 billion, down 1% year-over-year; fourth quarter record total gross profit of $598.7 million, up 4% year-over-year
Reported net income of $46.9 million, down 20% year-over-year ($1.36 earnings per diluted share, down 19% year-over-year)
Reported net income for the fourth quarter of 2025 includes a $5.3 million non-recurring income tax charge
Reported net income for the fourth quarter of 2024 includes the effect of a $10.0 million pre-tax gain from cyber insurance proceeds and a $2.7 million net pre-tax acquisition and disposition related gain, offset partially by a $3.2 million pre-tax storm damage charge, a $1.5 million pre-tax charge related to non-cash impairment charges, and a $0.5 million pre-tax long-term compensation charge (collectively, these items are partially offset by a $2.0 million tax expense on the above net benefit)
Excluding the above items, adjusted fourth quarter net income* was $52.2 million, down 2% year-over-year ($1.52 adjusted earnings per diluted share*, up 1% year-over-year)
Total reported selling, general and administrative (“SG&A”) expenses as a percentage of gross profit of 72.4% (71.4% on a Franchised Dealerships Segment basis, 78.9% on an EchoPark Segment basis, and 96.2% on a Powersports Segment basis)
Franchised Dealerships Segment revenues of $3.4 billion, flat year-over-year; fourth quarter record Franchised Dealerships Segment gross profit of $535.8 million, up 4% year-over-year
EchoPark Segment revenues of $480.7 million, down 5% year-over-year; fourth quarter record EchoPark Segment gross profit of $53.5 million, up 9% year-over-year; EchoPark Segment retail used vehicle unit sales volume of 15,743 units, down 6% year-over-year
Reported EchoPark Segment income of $3.6 million, a 238% improvement year-over-year, as compared to a $2.6 million loss in the prior year period, and adjusted EchoPark Segment income* of $3.6 million, a 300% improvement year-over-year, as compared to a $1.8 million loss in the prior year period
Fourth quarter record EchoPark Segment adjusted EBITDA* of $8.8 million, up 110% year-over-year, as compared to $4.2 million in the prior year period
During the fourth quarter, Sonic repurchased approximately 0.6 million shares of its Class A Common Stock for an aggregate purchase price of approximately $38.3 million
Subsequent to December 31, 2025, Sonic’s Board of Directors approved a quarterly cash dividend of $0.38 per share, payable on April 15, 2026 to all stockholders of record on March 13, 2026
* Please refer to the discussion and reconciliation of Non-GAAP Financial Measures below.
Full Year 2025 Financial Summary
All-time record annual total revenues of $15.2 billion, up 7% year-over-year; all-time record annual total gross profit of $2.4 billion, up 9% year-over-year
Reported full year net income of $118.7 million, down 45% year-over-year ($3.42 earnings per diluted share, down 45% year-over-year)
Reported net income for the full year 2025 includes the effect of a $5.0 million pre-tax charge related to storm damage, a $5.6 million pre-tax disposition-related loss, a $173.8 million pre-tax charge related to non-cash impairment charges in the second quarter, and a $0.7 million net pre-tax charge for legal settlement reserves, offset partially by a $40.0 million pre-tax gain from cyber insurance proceeds (collectively, these items are partially offset by a $39.9 million tax benefit on the above net charge), and a non-recurring income tax charge of $5.3 million.
Reported net income for full year 2024 includes the effect of $13.4 million in excess compensation expense paid to our teammates related to the CDK outage, an $8.3 million pre-tax storm damage charge, $5.5 million in pre-tax severance and long-term compensation charges, a $3.9 million pre-tax charge related to non-cash impairment charges, and a $2.1 million pre-tax charge related to closed store accrued expenses, offset partially by a $10.0 million pre-tax gain from cyber insurance proceeds, a $5.6 million net pre-tax acquisition and disposition related gain, and a $3.0 million pre-tax gain on the exit of leased dealerships (collectively, these items are partially offset by a $3.8 million tax benefit on the above net charges), and a one-time income tax benefit of $31.0 million associated with an out of period adjustment correcting an error recorded in connection with the impairment of franchise assets in a prior period
Excluding these items, adjusted net income* was $229.2 million, up 17% year-over year ($6.60 adjusted earnings per diluted share*, up 18% year-over-year)
Total reported selling, general and administrative (“SG&A”) expenses as a percentage of gross profit of 70.4% (69.9% on a Franchised Dealerships Segment basis, 73.8% on an EchoPark Segment basis, and 77.7% on a Powersports Segment basis)
Total adjusted SG&A expenses as a percentage of gross profit* of 71.6% (71.2% on a Franchised Dealerships Segment basis, 74.2% on an EchoPark Segment basis, and 75.8% on a Powersports Segment basis)
All-time record annual Franchised Dealerships Segment revenues of $12.9 billion, up 8% year-over-year; Franchised Dealerships Segment gross profit of $2.1 billion, up 8% year-over-year
EchoPark Segment revenues of $2.1 billion, down 3% year-over-year; all-time record annual EchoPark Segment gross profit of $233.9 million, up 13% year-over-year; EchoPark Segment retail used vehicle unit sales volume of 67,636 units, down 2% year-over-year
Reported EchoPark Segment income of $28.1 million, up 703% year-over-year from $3.5 million in the prior year, and adjusted EchoPark Segment income* of $27.2 million, up 635% year-over year from $3.7 million in the prior year
All-time record annual EchoPark Segment adjusted EBITDA* of $49.2 million, up 78% year-over-year from $27.6 million in the prior year
All-time record annual Powersports Segment adjusted EBITDA* of $11.5 million, up 83% year-over-year from $6.3 million in the prior year
During 2025, Sonic repurchased approximately 1.3 million shares of its Class A Common Stock for an aggregate purchase price of approximately $82.4 million
* Please refer to the discussion and reconciliation of Non-GAAP Financial Measures below.
Commentary
“Our fourth quarter results reflect the strength of Sonic Automotive’s diversified business model and the disciplined execution of our long-term strategy,” said David Smith, Chairman and Chief Executive Officer of Sonic Automotive. “Despite a dynamic operating environment throughout 2025, our team delivered record performance across all three segments of our business. As we enter the new year, we remain focused on operational excellence, cost control, and continuing to deliver exceptional value to our guests and shareholders.”
“Our operating teams executed with focus and consistency throughout the quarter, driving strong performance across our franchised dealership portfolio while continuing to optimize EchoPark's inventory and pricing strategy,” said Jeff Dyke, President of Sonic Automotive. “We remain disciplined in our approach to inventory management, expense control, and delivering an outstanding guest experience, and we are well positioned to build on this momentum as we move into 2026.”
Heath Byrd, Chief Financial Officer of Sonic Automotive, added, “Our fourth quarter financial results reflect disciplined cost management, strong cash flow generation, and continued balance sheet strength, with over $700 million of available liquidity as of December 31, 2025. We are committed to a prudent approach to capital allocation while investing strategically in our growth initiatives, positioning the company to remain flexible and financially resilient in a changing market environment.”
Fourth Quarter 2025 Segment Highlights
The financial measures discussed below are results for the fourth quarter of 2025 with comparisons made to the fourth quarter of 2024, unless otherwise noted.
Franchised Dealerships Segment operating results include:
Same store revenues down 5%; same store gross profit down 2%
Same store retail new vehicle unit sales volume down 11%; same store retail new vehicle gross profit per unit down 7%, to $3,033
Same store retail used vehicle unit sales volume up 5%; same store retail used vehicle gross profit per unit down 2%, to $1,379
Same store parts, service and collision repair (“Fixed Operations”) gross profit up 3%; same store customer pay gross profit up 6%; same store warranty gross profit up 2%; same store Fixed Operations gross margin up 10 basis points, to 50.8%
Same store finance and insurance (“F&I”) gross profit remained flat; same store F&I gross profit per retail unit of $2,541, up 5%
On a trailing quarter cost of sales basis, the Franchised Dealerships Segment had 48 days’ supply of new vehicle inventory (including in-transit) and 31 days’ supply of used vehicle inventory
EchoPark Segment operating results include:
Revenues of $480.7 million, down 5% year-over-year; fourth quarter record gross profit of $53.5 million, up 9% year-over-year
Retail used vehicle unit sales volume of 15,743, down 6% year-over-year
Reported segment income of $3.6 million and fourth quarter record adjusted EBITDA* of $8.8 million
On a trailing quarter cost of sales basis, the EchoPark Segment had 40 days’ supply of used vehicle inventory
Powersports Segment operating results include:
Fourth quarter record revenues of $36.4 million, up 19%; fourth quarter record gross profit of $9.4 million, up 25%; gross margin of 25.7%
Reported segment loss of $2.0 million and adjusted EBITDA* of $0.1 million
* Please refer to the discussion and reconciliation of Non-GAAP Financial Measures below.
Full Year 2025 Segment Highlights
The financial measures discussed below are results for the full year 2025 with comparisons made to the full year 2024, unless otherwise noted.
Franchised Dealerships Segment operating results include:
Same store revenues up 5%; same store gross profit up 4%
Same store retail new vehicle unit sales volume up 2%; same store retail new vehicle gross profit per unit down 9%, to $3,094
Same store retail used vehicle unit sales volume flat; same store retail used vehicle gross profit per unit up 2%, to $1,516
Same store Fixed Operations gross profit up 8%; same store customer pay gross profit up 6%; same store warranty gross profit up 20%; same store Fixed Operations gross margin up 60 basis points, to 51.0%
Same store F&I gross profit up 9%; same store F&I gross profit per retail unit of $2,551, up 7%
EchoPark Segment operating results include:
Revenues of $2.1 billion, down 3% year-over-year; all-time record annual gross profit of $233.9 million, up 13%
Retail used vehicle unit sales volume of 67,636, down 2%
Reported segment income of $28.1 million, adjusted segment income* of $27.2 million, and all-time record annual adjusted EBITDA* of $49.2 million
Powersports Segment operating results include:
All-time record annual revenues of $202.9 million, up 29%; all-time record annual gross profit of $53.8 million, up 23%; gross margin of 26.5%
Reported segment income of $2.3 million, adjusted segment income* of $3.4 million, and all-time record annual adjusted EBITDA* of $11.5 million
* Please refer to the discussion and reconciliation of Non-GAAP Financial Measures below.
Dividend
Sonic’s Board of Directors approved a quarterly cash dividend of $0.38 per share, payable on April 15, 2026 to all stockholders of record on March 13, 2026.
Fourth Quarter 2025 Earnings Conference Call
Senior management will hold a conference call today at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning prior to the conference call on the Company’s website at ir.sonicautomotive.com.
To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. For telephone access to this conference call, please dial (877) 407-8289 (domestic) or +1 (201) 689-8341 (international) and ask to be connected to the Sonic Automotive Fourth Quarter 2025 Earnings Conference Call. Dial-in access remains available throughout the live call; however, to ensure you are connected for the full call we suggest dialing in at least 10 minutes before the start of the call. A webcast replay will be available following the call for 14 days at ir.sonicautomotive.com.
About Sonic Automotive
Sonic Automotive, Inc., a Fortune 500 company based in Charlotte, North Carolina, is on a quest to become the most valuable diversified automotive retail and service brand in America. Our Company culture thrives on creating, innovating, and providing industry-leading guest experiences, driven by strategic investments in technology, teammates, and ideas that ultimately fulfill ownership dreams, enrich lives, and deliver happiness to our guests and teammates. As one of the largest automotive and powersports retailers in America, we are committed to delivering on this goal while pursuing expansive growth and taking progressive measures to be the leader in these categories. Our new platforms, programs, and people are set to drive the next generation of automotive and powersports experiences. More information about Sonic Automotive can be found at www.sonicautomotive.com and ir.sonicautomotive.com.
About EchoPark Automotive
EchoPark Automotive is one of the most comprehensive retailers of nearly new pre-owned vehicles in America today. Our unique business model offers a best-in-class shopping experience and utilizes one of the most innovative technology-enabled sales strategies in our industry. Our approach provides a personalized and proven guest-centric buying process that consistently delivers award-winning guest experiences and superior value to car buyers nationwide, with savings of up to $3,000 versus the competition. Consumers have responded by putting EchoPark among the top national pre-owned vehicle retailers in products, sales, and service. EchoPark’s mission is in the name: Every Car, Happy Owner. This drives the experience for guests and differentiates EchoPark from the competition. More information about EchoPark Automotive can be found at www.echopark.com.
Forward-Looking Statements
Included herein are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements address our future objectives, plans and goals, as well as our intent, beliefs and current expectations regarding future operating performance, results and events, and can generally be identified by words such as “may,” “will,” “should,” “could,” “believe,” “expect,” “estimate,” “anticipate,” “intend,” “plan,” “foresee” and other similar words or phrases. You should not place undue reliance on these statements, and you are cautioned that these forward-looking statements are not guarantees of future performance. There are many factors that affect management’s views about future events and trends of the Company’s business. These factors involve risks and uncertainties that could cause actual results or trends to differ materially from management’s views, including, without limitation, the effects of tariffs on vehicle and parts pricing and supply, the effects of tariffs on consumer demand, economic conditions in the markets in which we operate, supply chain disruptions and manufacturing delays, labor shortages, the impacts of inflation and changes in interest rates, new and used vehicle industry sales volume, future levels of consumer demand for new and used vehicles, anticipated future growth in each of our operating segments, the success of our operational strategies and investment in new technologies, the rate and timing of overall economic expansion or contraction, the integration of acquisitions, cybersecurity incidents and other disruptions to our information systems, and the risk factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and other reports and information filed with the United States Securities and Exchange Commission (the “SEC”). The Company does not undertake any obligation to update forward-looking information, except as required under federal securities laws and the rules and regulations of the SEC. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
Non-GAAP Financial Measures
This press release and the attached financial tables contain certain non-GAAP financial measures as defined under SEC rules, such as adjusted net income, adjusted earnings per diluted share, adjusted SG&A expenses as a percentage of gross profit, adjusted segment income, and adjusted EBITDA. As required by SEC rules, the Company has provided reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures in the schedules included in this press release. The Company believes that these non-GAAP financial measures improve the transparency of the Company’s disclosures and provide a meaningful presentation of the Company’s results.
Sonic Automotive, Inc.
Results of Operations (Unaudited)
Results of Operations - Consolidated
Three Months Ended December 31,
Better /
(Worse)
Twelve Months Ended December 31,
Better /
(Worse)
2025
2024
% Change
2025
2024
% Change
(In millions, except per share amounts)
Revenues:
Retail new vehicles
$
1,852.2
$
1,932.3
(4
)%
$
7,047.4
$
6,507.5
8
%
Fleet new vehicles
24.1
27.3
(12
)%
101.5
95.3
7
%
Total new vehicles
1,876.3
1,959.6
(4
)%
7,148.9
6,602.8
8
%
Used vehicles
1,213.8
1,197.6
1
%
4,872.6
4,780.1
2
%
Wholesale vehicles
63.6
71.3
(11
)%
314.1
287.1
9
%
Total vehicles
3,153.7
3,228.5
(2
)%
12,335.6
11,670.0
6
%
Parts, service and collision repair
515.3
476.7
8
%
2,019.1
1,846.5
9
%
Finance, insurance and other, net
202.3
190.6
6
%
798.9
707.8
13
%
Total revenues
3,871.3
3,895.8
(1
)%
15,153.6
14,224.3
7
%
Cost of sales:
Retail new vehicles
(1,754.9
)
(1,825.7
)
4
%
(6,664.1
)
(6,119.1
)
(9
)%
Fleet new vehicles
(23.4
)
(26.6
)
12
%
(99.8
)
(92.3
)
(8
)%
Total new vehicles
(1,778.3
)
(1,852.3
)
4
%
(6,763.9
)
(6,211.4
)
(9
)%
Used vehicles
(1,172.4
)
(1,159.8
)
(1
)%
(4,691.5
)
(4,609.4
)
(2
)%
Wholesale vehicles
(68.8
)
(74.6
)
8
%
(325.3
)
(293.1
)
(11
)%
Total vehicles
(3,019.5
)
(3,086.7
)
2
%
(11,780.7
)
(11,113.9
)
(6
)%
Parts, service and collision repair
(253.1
)
(235.1
)
(8
)%
(990.0
)
(917.6
)
(8
)%
Total cost of sales
(3,272.6
)
(3,321.8
)
1
%
(12,770.7
)
(12,031.5
)
(6
)%
Gross profit
598.7
574.0
4
%
2,382.9
2,192.8
9
%
Selling, general and administrative expenses
(433.7
)
(399.6
)
(9
)%
(1,678.2
)
(1,577.0
)
(6
)%
Impairment charges
—
(1.5
)
NM
(173.8
)
(3.9
)
NM
Depreciation and amortization
(41.8
)
(39.4
)
(6
)%
(163.4
)
(150.4
)
(9
)%
Operating income (loss)
123.2
133.5
(8
)%
367.5
461.5
(20
)%
Other income (expense):
Interest expense, floor plan
(22.4
)
(21.4
)
(5
)%
(84.7
)
(86.9
)
3
%
Interest expense, other, net
(27.6
)
(29.9
)
8
%
(110.1
)
(118.0
)
7
%
Other income (expense), net
—
(0.1
)
100
%
0.1
(0.5
)
120
%
Total other income (expense)
(50.0
)
(51.4
)
3
%
(194.7
)
(205.4
)
5
%
Income (loss) before taxes
73.2
82.1
(11
)%
172.8
256.1
(33
)%
Provision for income taxes - benefit (expense)
(26.3
)
(23.5
)
(12
)%
(54.1
)
(40.1
)
(35
)%
Net income (loss)
$
46.9
$
58.6
(20
)%
$
118.7
$
216.0
(45
)%
Basic earnings (loss) per common share
$
1.39
$
1.72
(19
)%
$
3.49
$
6.34
(45
)%
Basic weighted-average common shares outstanding
33.8
34.1
1
%
34.0
34.1
—
%
Diluted earnings (loss) per common share
$
1.36
$
1.67
(19
)%
$
3.42
$
6.18
(45
)%
Diluted weighted-average common shares outstanding
34.4
35.2
2
%
34.7
35.0
1
%
Dividends declared per common share
$
0.38
$
0.35
9
%
$
1.46
$
1.25
17
%
NM = Not Meaningful
Franchised Dealerships Segment - Reported
Three Months Ended December 31,
Better /
(Worse)
Twelve Months Ended December 31,
Better /
(Worse)
2025
2024
% Change
2025
2024
% Change
(In millions, except unit and per unit data)
Revenues:
Retail new vehicles
$
1,831.8
$
1,914.8
(4
)%
$
6,941.9
$
6,425.5
8
%
Fleet new vehicles
24.0
27.2
(12
)%
101.5
95.3
7
%
Total new vehicles
1,855.8
1,942.0
(4
)%
7,043.4
6,520.8
8
%
Used vehicles
799.7
757.0
6
%
3,087.0
2,919.8
6
%
Wholesale vehicles
41.8
49.8
(16
)%
207.0
188.9
10
%
Total vehicles
2,697.3
2,748.8
(2
)%
10,337.4
9,629.5
7
%
Parts, service and collision repair
507.8
469.7
8
%
1,970.2
1,802.9
9
%
Finance, insurance and other, net
149.1
140.5
6
%
571.5
506.8
13
%
Total revenues
3,354.2
3,359.0
—
%
12,879.1
11,939.2
8
%
Gross Profit:
Retail new vehicles
94.3
104.4
(10
)%
367.6
376.9
(2
)%
Fleet new vehicles
0.7
0.7
—
%
1.7
3.0
(43
)%
Total new vehicles
95.0
105.1
(10
)%
369.3
379.9
(3
)%
Used vehicles
38.1
36.0
6
%
157.8
150.2
5
%
Wholesale vehicles
(4.9
)
(2.7
)
(81
)%
(9.3
)
(4.6
)
(102
)%
Total vehicles
128.2
138.4
(7
)%
517.8
525.5
(1
)%
Parts, service and collision repair
258.5
238.5
8
%
1,005.9
908.9
11
%
Finance, insurance and other, net
149.1
140.5
6
%
571.5
506.8
13
%
Total gross profit
535.8
517.4
4
%
2,095.2
1,941.2
8
%
Selling, general and administrative expenses
(382.4
)
(348.5
)
(10
)%
(1,463.6
)
(1,375.4
)
(6
)%
Impairment charges
—
(0.2
)
NM
(165.9
)
(1.2
)
NM
Depreciation and amortization
(35.6
)
(32.7
)
(9
)%
(137.7
)
(124.4
)
(11
)%
Operating income (loss)
117.8
136.0
(13
)%
328.0
440.2
(25
)%
Other income (expense):
Interest expense, floor plan
(19.6
)
(18.0
)
(9
)%
(72.0
)
(70.6
)
(2
)%
Interest expense, other, net
(26.5
)
(28.6
)
7
%
(105.9
)
(112.7
)
6
%
Other income (expense), net
—
—
—
%
0.1
(0.5
)
120
%
Total other income (expense)
(46.1
)
(46.6
)
1
%
(177.8
)
(183.8
)
3
%
Income (loss) before taxes
71.7
89.4
(20
)%
150.2
256.4
(41
)%
Add: Impairment charges
—
0.2
NM
165.9
1.2
NM
Segment income (loss)
$
71.7
$
89.6
(20
)%
$
316.1
$
257.6
23
%
Unit Sales Volume:
Retail new vehicles
29,400
32,250
(9
)%
115,981
111,450
4
%
Fleet new vehicles
458
506
(9
)%
1,991
1,805
10
%
Total new vehicles
29,858
32,756
(9
)%
117,972
113,255
4
%
Used vehicles
27,401
25,702
7
%
104,202
101,976
2
%
Wholesale vehicles
4,811
5,692
(15
)%
22,868
21,018
9
%
Retail new & used vehicles
56,801
57,952
(2
)%
220,183
213,426
3
%
Used:New Ratio
0.93
0.80
17
%
0.90
0.91
(1
)%
Gross Profit Per Unit:
Retail new vehicles
$
3,209
$
3,238
(1
)%
$
3,170
$
3,382
(6
)%
Fleet new vehicles
$
1,398
$
1,363
3
%
$
869
$
1,636
(47
)%
New vehicles
$
3,181
$
3,209
(1
)%
$
3,131
$
3,354
(7
)%
Used vehicles
$
1,389
$
1,401
(1
)%
$
1,514
$
1,473
3
%
Finance, insurance and other, net
$
2,624
$
2,424
8
%
$
2,596
$
2,374
9
%
NM = Not Meaningful
Note: Reported Franchised Dealerships Segment results include (i) same store results from the “Franchised Dealerships Segment - Same Store” table below and (ii) the effects of acquisitions, open points, dispositions and holding company impacts for the periods reported. All currently operating franchised dealership stores are included within the same store group as of the first full month following the first anniversary of the store’s opening or acquisition.
Franchised Dealerships Segment - Same Store
Three Months Ended December 31,
Better /
(Worse)
Twelve Months Ended December 31,
Better /
(Worse)
2025
2024
% Change
2025
2024
% Change
(In millions, except unit and per unit data)
Revenues:
Retail new vehicles
$
1,732.1
$
1,906.7
(9
)%
$
6,696.7
$
6,397.8
5
%
Fleet new vehicles
24.1
27.3
(12
)%
99.5
94.9
5
%
Total new vehicles
1,756.2
1,934.0
(9
)%
6,796.2
6,492.7
5
%
Used vehicles
769.8
752.6
2
%
2,995.0
2,902.3
3
%
Wholesale vehicles
38.8
49.6
(22
)%
197.8
187.7
5
%
Total vehicles
2,564.8
2,736.2
(6
)%
9,989.0
9,582.7
4
%
Parts, service and collision repair
481.7
467.4
3
%
1,903.9
1,794.8
6
%
Finance, insurance and other, net
140.0
139.7
—
%
547.8
503.8
9
%
Total revenues
3,186.5
3,343.3
(5
)%
12,440.7
11,881.3
5
%
Gross Profit:
Retail new vehicles
86.3
104.2
(17
)%
350.2
377.0
(7
)%
Fleet new vehicles
0.6
0.7
(14
)%
1.8
3.0
(40
)%
Total new vehicles
86.9
104.9
(17
)%
352.0
380.0
(7
)%
Used vehicles
36.8
35.9
3
%
154.0
150.9
2
%
Wholesale vehicles
(4.4
)
(2.6
)
(69
)%
(8.8
)
(4.3
)
(105
)%
Total vehicles
119.3
138.2
(14
)%
497.2
526.6
(6
)%
Parts, service and collision repair
244.6
237.1
3
%
971.4
903.9
8
%
Finance, insurance and other, net
140.0
139.7
—
%
547.8
503.8
9
%
Total gross profit
$
503.9
$
515.0
(2
)%
$
2,016.4
$
1,934.3
4
%
Unit Sales Volume:
Retail new vehicles
28,435
32,067
(11
)%
113,181
110,770
2
%
Fleet new vehicles
458
506
(9
)%
1,972
1,797
10
%
Total new vehicles
28,893
32,573
(11
)%
115,153
112,567
2
%
Used vehicles
26,687
25,528
5
%
101,587
101,220
—
%
Wholesale vehicles
4,667
5,648
(17
)%
22,233
20,809
7
%
Retail new & used vehicles
55,122
57,595
(4
)%
214,768
211,990
1
%
Used:New Ratio
0.94
0.80
18
%
0.90
0.91
(1
)%
Gross Profit Per Unit:
Retail new vehicles
$
3,033
$
3,250
(7
)%
$
3,094
$
3,404
(9
)%
Fleet new vehicles
$
1,398
$
1,363
3
%
$
909
$
1,646
(45
)%
New vehicles
$
3,008
$
3,221
(7
)%
$
3,057
$
3,376
(9
)%
Used vehicles
$
1,379
$
1,408
(2
)%
$
1,516
$
1,491
2
%
Finance, insurance and other, net
$
2,541
$
2,425
5
%
$
2,551
$
2,377
7
%
Note: All currently operating franchised dealership stores are included within the same store group as of the first full month following the first anniversary of the store’s opening or acquisition.
EchoPark Segment - Reported
Three Months Ended December 31,
Better /
(Worse)
Twelve Months Ended December 31,
Better /
(Worse)
2025
2024
% Change
2025
2024
% Change
(In millions, except unit and per unit data)
Revenues:
Used vehicles
$
407.5
$
436.0
(7
)%
$
1,747.8
$
1,838.0
(5
)%
Wholesale vehicles
21.5
21.4
—
%
104.6
95.8
9
%
Total vehicles
429.0
457.4
(6
)%
1,852.4
1,933.8
(4
)%
Finance, insurance and other, net
51.7
48.8
6
%
219.2
194.0
13
%
Total revenues
480.7
506.2
(5
)%
2,071.6
2,127.8
(3
)%
Gross Profit:
Used vehicles
2.1
0.8
163
%
16.5
15.2
9
%
Wholesale vehicles
(0.3
)
(0.6
)
50
%
(1.8
)
(1.3
)
(38
)%
Total vehicles
1.8
0.2
800
%
14.7
13.9
6
%
Finance, insurance and other, net
51.7
48.8
6
%
219.2
194.0
13
%
Total gross profit
53.5
49.0
9
%
233.9
207.9
13
%
Selling, general and administrative expenses
(42.2
)
(42.6
)
1
%
(172.8
)
(165.7
)
(4
)%
Impairment charges
—
(1.3
)
NM
(0.2
)
(2.7
)
NM
Depreciation and amortization
(4.9
)
(5.4
)
9
%
(20.4
)
(21.8
)
6
%
Operating income (loss)
6.4
(0.3
)
NM
40.5
17.7
129
%
Other income (expense):
Interest expense, floor plan
(2.5
)
(3.0
)
17
%
(11.1
)
(14.2
)
22
%
Interest expense, other, net
(0.3
)
(0.7
)
57
%
(1.5
)
(2.7
)
44
%
Other income (expense), net
—
0.1
(100
)%
—
—
—
%
Total other income (expense)
(2.8
)
(3.6
)
22
%
(12.6
)
(16.9
)
25
%
Income (loss) before taxes
3.6
(3.9
)
192
%
27.9
0.8
NM
Add: Impairment charges
—
1.3
NM
0.2
2.7
NM
Segment income (loss)
$
3.6
$
(2.6
)
238
%
$
28.1
$
3.5
703
%
Unit Sales Volume:
Used vehicles
15,743
16,674
(6
)%
67,636
69,053
(2
)%
Wholesale vehicles
2,365
2,752
(14
)%
11,836
11,059
7
%
Gross Profit Per Unit:
Total used vehicle and F&I
$
3,420
$
2,974
15
%
$
3,484
$
3,029
15
%
NM = Not Meaningful
EchoPark Segment - Same Market
Three Months Ended December 31,
Better /
(Worse)
Twelve Months Ended December 31,
Better /
(Worse)
2025
2024
% Change
2025
2024
% Change
(In millions, except unit and per unit data)
Revenues:
Used vehicles
$
407.5
$
436.0
(7
)%
$
1,747.8
$
1,828.3
(4
)%
Wholesale vehicles
21.5
21.5
—
%
104.6
92.7
13
%
Total vehicles
429.0
457.5
(6
)%
1,852.4
1,921.0
(4
)%
Finance, insurance and other, net
51.8
49.3
5
%
220.3
195.5
13
%
Total revenues
480.8
506.8
(5
)%
2,072.7
2,116.5
(2
)%
Gross Profit:
Used vehicles
2.1
0.8
163
%
16.5
15.8
4
%
Wholesale vehicles
(0.3
)
(0.6
)
50
%
(1.7
)
(0.6
)
(183
)%
Total vehicles
1.8
0.2
800
%
14.8
15.2
(3
)%
Finance, insurance and other, net
51.8
49.3
5
%
220.3
195.5
13
%
Total gross profit
$
53.6
$
49.5
8
%
$
235.1
$
210.7
12
%
Unit Sales Volume:
Used vehicles
15,743
16,674
(6
)%
67,636
68,690
(2
)%
Wholesale vehicles
2,365
2,752
(14
)%
11,836
10,850
9
%
Gross Profit Per Unit:
Total used vehicle and F&I
$
3,427
$
3,004
14
%
$
3,501
$
3,077
14
%
Note: All currently operating EchoPark stores in a local geographic market are included within the same market group as of the first full month following the first anniversary of the market’s opening.
Powersports Segment - Reported
Three Months Ended December 31,
Better /
(Worse)
Twelve Months Ended December 31,
Better /
(Worse)
2025
2024
% Change
2025
2024
% Change
(In millions, except unit and per unit data)
Revenues:
Retail new vehicles
$
20.4
$
17.5
17
%
$
105.5
$
82.0
29
%
Used vehicles
6.6
4.7
40
%
37.9
22.3
70
%
Wholesale vehicles
0.4
0.1
300
%
2.4
2.3
4
%
Total vehicles
27.4
22.3
23
%
145.8
106.6
37
%
Parts, service and collision repair
7.5
7.0
7
%
48.9
43.6
12
%
Finance, insurance and other, net
1.5
1.3
15
%
8.2
7.1
15
%
Total revenues
36.4
30.6
19
%
202.9
157.3
29
%
Gross Profit:
Retail new vehicles
3.0
2.2
36
%
15.7
11.5
37
%
Used vehicles
1.2
1.0
20
%
6.8
5.3
28
%
Wholesale vehicles
—
(0.1
)
100
%
(0.1
)
(0.3
)
67
%
Total vehicles
4.2
3.1
35
%
22.4
16.5
36
%
Parts, service and collision repair
3.7
3.1
19
%
23.2
20.1
15
%
Finance, insurance and other, net
1.5
1.3
15
%
8.2
7.1
15
%
Total gross profit
9.4
7.5
25
%
53.8
43.7
23
%
Selling, general and administrative expenses
(9.0
)
(8.5
)
(6
)%
(41.8
)
(35.9
)
(16
)%
Impairment charges
—
—
NM
(7.6
)
—
NM
Depreciation and amortization
(1.4
)
(1.2
)
(17
)%
(5.3
)
(4.2
)
(26
)%
Operating income (loss)
(1.0
)
(2.2
)
55
%
(0.9
)
3.6
(125
)%
Other income (expense):
Interest expense, floor plan
(0.3
)
(0.5
)
40
%
(1.6
)
(2.1
)
24
%
Interest expense, other, net
(0.7
)
(0.7
)
—
%
(2.8
)
(2.6
)
(8
)%
Other income (expense), net
—
—
—
%
—
—
—
%
Total other income (expense)
(1.0
)
(1.2
)
17
%
(4.4
)
(4.7
)
6
%
Income (loss) before taxes
(2.0
)
(3.4
)
41
%
(5.3
)
(1.1
)
(382
)%
Add: impairment charges
—
—
NM
7.6
—
NM
Segment income (loss)
$
(2.0
)
$
(3.4
)
41
%
$
2.3
$
(1.1
)
309
%
Unit Sales Volume:
Retail new vehicles
1,085
940
15
%
5,143
4,244
21
%
Used vehicles
640
520
23
%
3,442
2,228
54
%
Wholesale vehicles
76
16
375
%
278
146
90
%
Gross Profit Per Unit:
Retail new vehicles
$
2,742
$
2,338
17
%
$
3,050
$
2,713
12
%
Used vehicles
$
1,927
$
1,940
(1
)%
$
1,980
$
2,397
(17
)%
Finance, insurance and other, net
$
874
$
868
1
%
$
959
$
1,092
(12
)%
NM = Not Meaningful
Powersports Segment - Same Store
Three Months Ended December 31,
Better /
(Worse)
Twelve Months Ended December 31,
Better /
(Worse)
2025
2024
% Change
2025
2024
% Change
(In millions, except unit and per unit data)
Revenues:
Retail new vehicles
$
18.8
$
16.7
13
%
$
93.8
$
79.0
19
%
Used vehicles
5.9
4.2
40
%
33.7
20.9
61
%
Wholesale vehicles
0.5
0.2
150
%
2.5
2.1
19
%
Total vehicles
25.2
21.1
19
%
130.0
102.0
27
%
Parts, service and collision repair
6.8
6.3
8
%
44.7
41.6
7
%
Finance, insurance and other, net
1.4
1.2
17
%
7.8
6.7
16
%
Total revenues
33.4
28.6
17
%
182.5
150.3
21
%
Gross Profit:
Retail new vehicles
2.7
2.1
29
%
13.9
11.2
24
%
Used vehicles
1.1
0.9
22
%
6.1
5.0
22
%
Wholesale vehicles
0.1
(0.1
)
200
%
(0.1
)
(0.3
)
67
%
Total vehicles
3.9
2.9
34
%
19.9
15.9
25
%
Parts, service and collision repair
3.4
2.6
31
%
21.5
19.0
13
%
Finance, insurance and other, net
1.4
1.2
17
%
7.8
6.7
16
%
Total gross profit
$
8.7
$
6.7
30
%
$
49.2
$
41.6
18
%
Unit Sales Volume:
Retail new vehicles
999
900
11
%
4,583
4,115
11
%
Used vehicles
585
470
24
%
3,101
2,087
49
%
Wholesale vehicles
76
16
375
%
275
146
88
%
Retail new & used vehicles
1,584
1,370
16
%
7,684
6,202
24
%
Used:New Ratio
0.59
0.52
13
%
0.68
0.51
33
%
Gross Profit Per Unit:
Retail new vehicles
$
2,743
$
2,280
20
%
$
3,032
$
2,713
12
%
Used vehicles
$
1,935
$
1,965
(2
)%
$
1,982
$
2,419
(18
)%
Finance, insurance and other, net
$
902
$
878
3
%
$
1,019
$
1,073
(5
)%
Note: All currently operating powersports stores are included within the same store group as of the first full month following the first anniversary of the store’s opening or acquisition.
Non-GAAP Reconciliation - Consolidated - SG&A Expenses
Three Months Ended December 31,
Better / (Worse)
2025
2024
Change
% Change
(In millions)
Reported:
Compensation
$
280.6
$
263.5
$
(17.1
)
(6
)%
Advertising
26.5
19.1
(7.4
)
(39
)%
Rent
13.1
10.7
(2.4
)
(22
)%
Other
113.5
106.3
(7.2
)
(7
)%
Total SG&A expenses
$
433.7
$
399.6
$
(34.1
)
(9
)%
Adjustments:
Cyber insurance proceeds
$
—
$
10.0
Acquisition and disposition related gain (loss)
—
2.7
Storm damage charges
—
(3.2
)
Severance and long-term compensation charges
—
(0.5
)
Total SG&A adjustments
$
—
$
9.0
Adjusted:
Total adjusted SG&A expenses
$
433.7
$
408.6
$
(25.1
)
(6
)%
Reported:
SG&A expenses as a % of gross profit:
Compensation
46.9
%
45.9
%
(100
)
bps
Advertising
4.4
%
3.3
%
(110
)
bps
Rent
2.2
%
1.9
%
(30
)
bps
Other
18.9
%
18.5
%
(40
)
bps
Total SG&A expenses as a % of gross profit
72.4
%
69.6
%
(280
)
bps
Adjustments:
Cyber insurance proceeds
—
%
1.8
%
Acquisition and disposition related gain (loss)
—
%
0.5
%
Storm damage charges
—
%
(0.6
)%
Severance and long-term compensation charges
—
%
(0.1
)%
Total effect of adjustments
—
%
1.6
%
Adjusted:
Total adjusted SG&A expenses as a % of gross profit
72.4
%
71.2
%
(120
)
bps
Reported:
Total gross profit
$
598.7
$
574.0
$
24.7
4
%
Non-GAAP Reconciliation - Consolidated - SG&A Expenses (Continued)
Twelve Months Ended December 31,
Better / (Worse)
2025
2024
Change
% Change
(In millions)
Reported:
Compensation
$
1,087.4
$
1,013.9
$
(73.5
)
(7
)%
Advertising
101.2
84.5
(16.7
)
(20
)%
Rent
46.4
36.6
(9.8
)
(27
)%
Other
443.2
442.0
(1.2
)
—
%
Total SG&A expenses
$
1,678.2
$
1,577.0
$
(101.2
)
(6
)%
Adjustments:
Excess compensation related to CDK outage
$
—
$
(11.4
)
Storm damage charges
(5.0
)
(8.3
)
Severance and long-term compensation charges
—
(5.5
)
Closed store accrued expenses
—
(2.1
)
Cyber insurance proceeds
40.0
10.0
Acquisition and disposition related gain (loss)
(5.6
)
5.6
Legal settlements
(0.7
)
—
Gain (loss) on exit of leased dealerships
—
3.0
Total SG&A adjustments
$
28.7
$
(8.7
)
Adjusted:
Total adjusted SG&A expenses
$
1,706.9
$
1,568.3
$
(138.6
)
(9
)%
Reported:
SG&A expenses as a % of gross profit:
Compensation
45.6
%
46.2
%
60
bps
Advertising
4.2
%
3.9
%
(30
)
bps
Rent
1.9
%
1.7
%
(20
)
bps
Other
18.7
%
20.1
%
140
bps
Total SG&A expenses as a % of gross profit
70.4
%
71.9
%
150
bps
Adjustments:
Excess compensation related to CDK outage
—
%
(0.5
)%
Storm damage charges
(0.2
)%
(0.4
)%
Severance and long-term compensation charges
—
%
(0.3
)%
Closed store accrued expenses
—
%
(0.1
)%
Cyber insurance proceeds
1.7
%
0.5
%
Acquisition and disposition related gain (loss)
(0.2
)%
0.3
%
Legal settlements
—
%
—
%
Gain (loss) on exit of leased dealerships
—
%
0.1
%
Total effect of adjustments
1.2
%
(0.4
)%
Adjusted:
Total adjusted SG&A expenses as a % of gross profit
71.6
%
71.5
%
(10
)
bps
Reported:
Total gross profit
$
2,382.9
$
2,192.8
$
190.1
9
%
Adjustments:
Excess compensation related to CDK outage
$
—
$
2.0
Total adjustments
$
—
$
2.0
Adjusted:
Total adjusted gross profit
$
2,382.9
$
2,194.8
$
188.1
9
%
Non-GAAP Reconciliation - Franchised Dealerships Segment - SG&A Expenses
Three Months Ended December 31,
Better / (Worse)
2025
2024
Change
% Change
(In millions)
Reported:
Compensation
$
249.4
$
233.9
$
(15.5
)
(7
)%
Advertising
18.5
11.9
(6.6
)
(55
)%
Rent
12.6
9.6
(3.0
)
(31
)%
Other
101.9
93.1
(8.8
)
(9
)%
Total SG&A expenses
$
382.4
$
348.5
$
(33.9
)
(10
)%
Adjustments:
Cyber insurance proceeds
$
—
$
10.0
Acquisition and disposition related gain (loss)
—
3.5
Storm damage charges
—
(3.2
)
Total SG&A adjustments
$
—
$
10.3
Adjusted:
Total adjusted SG&A expenses
$
382.4
$
358.8
$
(23.6
)
(7
)%
Reported:
SG&A expenses as a % of gross profit:
Compensation
46.5
%
45.2
%
(130
)
bps
Advertising
3.5
%
2.3
%
(120
)
bps
Rent
2.3
%
1.9
%
(40
)
bps
Other
19.1
%
17.9
%
(120
)
bps
Total SG&A expenses as a % of gross profit
71.4
%
67.3
%
(410
)
bps
Adjustments:
Cyber insurance proceeds
—
%
1.9
%
Acquisition and disposition related gain (loss)
—
%
0.7
%
Storm damage charges
—
%
(0.6
)%
Total effect of adjustments
—
%
2.0
%
Adjusted:
Total adjusted SG&A expenses as a % of gross profit
71.4
%
69.3
%
(210
)
bps
Reported:
Total gross profit
$
535.8
$
517.4
$
18.4
4
%
Non-GAAP Reconciliation - Franchised Dealerships Segment - SG&A Expenses (Continued)
Twelve Months Ended December 31,
Better / (Worse)
2025
2024
Change
% Change
(In millions)
Reported:
Compensation
$
956.9
$
892.4
$
(64.5
)
(7
)%
Advertising
69.9
55.1
(14.8
)
(27
)%
Rent
44.3
39.2
(5.1
)
(13
)%
Other
392.5
388.7
(3.8
)
(1
)%
Total SG&A expenses
$
1,463.6
$
1,375.4
$
(88.2
)
(6
)%
Adjustments:
Excess compensation related to CDK outage
$
—
$
(11.0
)
Storm damage charges
(5.0
)
(8.3
)
Long-term compensation charges
—
(2.2
)
Cyber insurance proceeds
40.0
10.0
Legal settlements
(0.7
)
—
Acquisition and disposition related gain (loss)
(5.5
)
3.5
Total SG&A adjustments
$
28.8
$
(8.0
)
Adjusted:
Total adjusted SG&A expenses
$
1,492.4
$
1,367.4
$
(125.0
)
(9
)%
Reported:
SG&A expenses as a % of gross profit:
Compensation
45.7
%
46.0
%
30
bps
Advertising
3.3
%
2.8
%
(50
)
bps
Rent
2.1
%
2.0
%
(10
)
bps
Other
18.8
%
20.1
%
130
bps
Total SG&A expenses as a % of gross profit
69.9
%
70.9
%
100
bps
Adjustments:
Excess compensation related to CDK outage
—
%
(0.7
)%
Storm damage charges
(0.2
)%
(0.5
)%
Long-term compensation charges
—
%
(0.1
)%
Cyber insurance proceeds
1.8
%
0.6
%
Legal settlements
—
%
—
%
Acquisition and disposition related gain (loss)
(0.3
)%
0.2
%
Total effect of adjustments
1.3
%
(0.5
)%
Adjusted:
Total adjusted SG&A expenses as a % of gross profit
71.2
%
70.4
%
(80
)
bps
Reported:
Total gross profit
$
2,095.2
$
1,941.2
$
154.0
8
%
Adjustments:
Excess compensation related to CDK outage
$
—
$
2.0
Total adjustments
$
—
$
2.0
Adjusted:
Total adjusted gross profit
$
2,095.2
$
1,943.2
$
154.0
8
%
Non-GAAP Reconciliation - EchoPark Segment - SG&A Expenses
Three Months Ended December 31,
Better / (Worse)
2025
2024
Change
% Change
(In millions)
Reported:
Compensation
$
24.5
$
23.8
$
(0.7
)
(3
)%
Advertising
7.7
6.7
(1.0
)
(15
)%
Rent
0.7
0.9
0.2
22
%
Other
9.3
11.2
1.9
17
%
Total SG&A expenses
$
42.2
$
42.6
$
0.4
1
%
Adjustments:
Acquisition and disposition related gain (loss)
$
—
$
(0.8
)
Total SG&A adjustments
$
—
$
(0.8
)
Adjusted:
Total adjusted SG&A expenses
$
42.2
$
41.8
$
(0.4
)
(1
)%
Reported:
SG&A expenses as a % of gross profit:
Compensation
45.7
%
48.6
%
290
bps
Advertising
14.5
%
13.7
%
(80
)
bps
Rent
1.4
%
1.9
%
50
bps
Other
17.3
%
22.8
%
550
bps
Total SG&A expenses as a % of gross profit
78.9
%
87.0
%
810
bps
Adjustments:
Acquisition and disposition related gain (loss)
—
%
(1.5
)%
Total effect of adjustments
—
%
(1.5
)%
Adjusted:
Total adjusted SG&A expenses as a % of gross profit
78.9
%
85.5
%
660
bps
Reported:
Total gross profit
$
53.5
$
49.0
$
4.5
9
%
Non-GAAP Reconciliation - EchoPark Segment - SG&A Expenses (Continued)
Twelve Months Ended December 31,
Better / (Worse)
2025
2024
Change
% Change
(In millions)
Reported:
Compensation
$
100.6
$
95.8
$
(4.8
)
(5
)%
Advertising
30.2
27.7
(2.5
)
(9
)%
Rent
3.0
(1.7
)
(4.7
)
(276
)%
Other
39.0
43.9
4.9
11
%
Total SG&A expenses
$
172.8
$
165.7
$
(7.1
)
(4
)%
Adjustments:
Severance and long-term compensation charges
$
—
$
(2.8
)
Closed store accrued expenses
—
(2.1
)
Excess compensation related to CDK outage
—
(0.4
)
Gain (loss) on exit of leased dealerships
—
3.0
Acquisition and disposition related gain (loss)
0.9
2.1
Total SG&A adjustments
$
0.9
$
(0.2
)
Adjusted:
Total adjusted SG&A expenses
$
173.7
$
165.5
$
(8.2
)
(5
)%
Reported:
SG&A expenses as a % of gross profit:
Compensation
43.0
%
46.1
%
310
bps
Advertising
12.9
%
13.3
%
40
bps
Rent
1.3
%
(0.8
)%
(210
)
bps
Other
16.6
%
21.1
%
450
bps
Total SG&A expenses as a % of gross profit
73.8
%
79.7
%
590
bps
Adjustments:
Severance and long-term compensation charges
—
%
(1.4
)%
Closed store accrued expenses
—
%
(1.1
)%
Excess compensation related to CDK outage
—
%
(0.2
)%
Gain (loss) on exit of leased dealerships
—
%
1.5
%
Acquisition and disposition related gain (loss)
0.4
%
1.1
%
Total effect of adjustments
0.4
%
(0.1
)%
Adjusted:
Total adjusted SG&A expenses as a % of gross profit
74.2
%
79.6
%
540
bps
Reported:
Total gross profit
$
233.9
$
207.9
$
26.0
13
%
Non-GAAP Reconciliation - Powersports Segment - SG&A Expenses
Three Months Ended December 31,
Better / (Worse)
2025
2024
Change
% Change
(In millions)
Reported:
Compensation
$
6.7
$
5.9
$
(0.8
)
(14
)%
Advertising
0.3
0.5
0.2
40
%
Rent
(0.2
)
0.1
0.3
300
%
Other
2.2
2.0
(0.2
)
(10
)%
Total SG&A expenses
$
9.0
$
8.5
$
(0.5
)
(6
)%
Adjustments:
Severance and long-term compensation charges
$
—
$
(0.5
)
Total SG&A adjustments
$
—
$
(0.5
)
Adjusted:
Total adjusted SG&A expenses
$
9.0
$
8.0
$
(1.0
)
(12.5
)%
Reported:
SG&A expenses as a % of gross profit:
Compensation
71.7
%
77.5
%
580
bps
Advertising
3.0
%
6.0
%
300
bps
Rent
(2.4
)%
1.4
%
380
bps
Other
23.9
%
28.3
%
440
bps
Total SG&A expenses as a % of gross profit
96.2
%
113.2
%
1,700
bps
Adjustments:
Long-term compensation charges
—
%
(6.6
)%
Total effect of adjustments
—
%
(6.6
)%
Adjusted:
Total adjusted SG&A expenses as a % of gross profit
96.2
%
106.6
%
1,040
bps
Reported:
Total gross profit
$
9.4
$
7.5
$
1.9
25
%
Non-GAAP Reconciliation - Powersports Segment - SG&A Expenses (Continued)
Twelve Months Ended December 31,
Better / (Worse)
2025
2024
Change
% Change
(In millions)
Reported:
Compensation
$
29.9
$
25.7
$
(4.2
)
(16
)%
Advertising
1.1
1.7
0.6
35
%
Rent
(0.9
)
(0.9
)
—
—
%
Other
11.7
9.4
(2.3
)
(24
)%
Total SG&A expenses
$
41.8
$
35.9
$
(5.9
)
(16
)%
Adjustments:
Severance and long-term compensation charges
$
—
$
(0.5
)
Acquisition and disposition related gain (loss)
(1.1
)
—
Total SG&A adjustments
$
(1.1
)
$
(0.5
)
Adjusted:
Total adjusted SG&A expenses
$
40.7
$
35.4
$
(5.3
)
(15
)%
Reported:
SG&A expenses as a % of gross profit:
Compensation
55.6
%
58.7
%
310
bps
Advertising
2.1
%
3.9
%
180
bps
Rent
(1.6
)%
(2.1
)%
(50
)
bps
Other
21.6
%
21.5
%
(10
)
bps
Total SG&A expenses as a % of gross profit
77.7
%
82.0
%
430
bps
Adjustments:
Severance and long-term compensation charges
—
%
(1.1
)%
Acquisition and disposition related gain (loss)
(1.9
)%
—
%
Total effect of adjustments
(1.9
)%
(1.1
)%
Adjusted:
Total adjusted SG&A expenses as a % of gross profit
75.8
%
80.9
%
510
bps
Reported:
Total gross profit
$
53.8
$
43.7
$
10.1
23
%
Non-GAAP Reconciliation - Franchised Dealerships Segment - Income (Loss) Before Taxes and Segment Income (Loss)
Three Months Ended December 31,
Twelve Months Ended December 31,
2025
2024
% Change
2025
2024
% Change
(In millions)
Reported:
Income (loss) before taxes
$
71.7
$
89.4
(20
)%
$
150.2
$
256.4
(41
)%
Add: impairment charges
—
0.2
165.9
1.2
Segment income (loss)
$
71.7
$
89.6
(20
)%
$
316.1
$
257.6
23
%
Adjustments:
Cyber insurance proceeds
$
—
$
(10.0
)
$
(40.0
)
$
(10.0
)
Acquisition and disposition related (gain) loss
—
(3.5
)
5.5
(3.5
)
Legal settlements
—
—
0.7
—
Storm damage charges
—
3.2
5.0
8.3
Long-term compensation charges
—
—
—
2.2
Excess compensation related to CDK outage
—
—
—
13.0
Total pre-tax adjustments
$
—
$
(10.3
)
$
(28.8
)
$
10.0
Adjusted:
Segment income (loss)
$
71.7
$
79.3
(10
)%
$
287.3
$
267.6
7
%
Non-GAAP Reconciliation - EchoPark Segment - Income (Loss) Before Taxes and Segment Income (Loss)
Three Months Ended December 31,
Twelve Months Ended December 31,
2025
2024
% Change
2025
2024
% Change
(In millions)
Reported:
Income (loss) before taxes
$
3.6
$
(3.9
)
192
%
$
27.9
$
0.8
NM
Add: impairment charges
—
1.3
0.2
2.7
Segment income (loss)
$
3.6
$
(2.6
)
238
%
$
28.1
$
3.5
703
%
Adjustments:
Acquisition and disposition related (gain) loss
$
—
$
0.8
$
(0.9
)
$
(2.1
)
Loss (gain) on exit of leased dealerships
—
—
—
(3.0
)
Severance and long-term compensation charges
—
—
—
2.8
Excess compensation related to CDK outage
—
—
—
0.4
Closed store accrued expenses
—
—
—
2.1
Total pre-tax adjustments
$
—
$
0.8
$
(0.9
)
$
0.2
Adjusted:
Segment income (loss)
$
3.6
$
(1.8
)
300
%
$
27.2
$
3.7
635
%
Non-GAAP Reconciliation - Powersports Segment - Income (Loss) Before Taxes and Segment Income (Loss)
Three Months Ended December 31,
Twelve Months Ended December 31,
2025
2024
% Change
2025
2024
% Change
(In millions)
Reported:
Income (loss) before taxes
$
(2.0
)
$
(3.4
)
41
%
$
(5.3
)
$
(1.1
)
(382
)%
Add: impairment charges
—
—
7.6
—
Segment income (loss)
$
(2.0
)
$
(3.4
)
41
%
$
2.3
$
(1.1
)
309
%
Adjustments:
Acquisition and disposition related (gain) loss
$
—
$
—
$
1.1
$
—
Long-term compensation charges
—
0.5
—
0.5
Total pre-tax adjustments
$
—
$
0.5
$
1.1
$
0.5
Adjusted:
Adjusted segment income (loss)
$
(2.0
)
$
(2.9
)
31
%
$
3.4
$
(0.6
)
667
%
Non-GAAP Reconciliation - Consolidated - Net Income (Loss) and Diluted Earnings (Loss) Per Share
Three Months Ended December 31, 2025
Three Months Ended December 31, 2024
Weighted-
Average
Shares
Net Income (Loss)
Per
Share
Amount
Weighted-
Average
Shares
Net Income (Loss)
Per
Share
Amount
(In millions, except per share amounts)
Reported net income (loss), diluted shares, and diluted earnings (loss) per share
34.4
$
46.9
$
1.36
35.2
$
58.6
$
1.67
Adjustments:
Acquisition and disposition related (gain) loss
$
—
$
(2.7
)
Impairment charges
—
1.5
Storm damage charges
—
3.2
Severance and long-term compensation charges
—
0.5
Cyber insurance proceeds
—
(10.0
)
Total pre-tax adjustments
$
—
$
(7.5
)
Tax effect of above items
—
2.0
Non-recurring tax items
5.3
—
Adjusted net income (loss), diluted shares, and diluted earnings (loss) per share
34.4
$
52.2
$
1.52
35.2
$
53.1
$
1.51
Twelve Months Ended December 31, 2025
Twelve Months Ended December 31, 2024
Weighted-
Average
Shares
Net Income (Loss)
Per
Share
Amount
Weighted-
Average
Shares
Net Income (Loss)
Per
Share
Amount
(In millions, except per share amounts)
Reported net income (loss), diluted shares, and diluted earnings (loss) per share
34.7
$
118.7
$
3.42
35.0
$
216.0
$
6.18
Adjustments:
Acquisition and disposition related (gain) loss
$
5.6
$
(5.6
)
Storm damage charges
5.0
8.3
Legal settlements
0.7
—
Impairment charges
173.8
3.9
Loss (gain) on exit of leased dealerships
—
(3.0
)
Severance and long-term compensation charges
—
5.5
Closed store accrued expenses
—
2.1
Cyber insurance proceeds
(40.0
)
(10.0
)
Excess compensation related to CDK outage
—
13.4
Total pre-tax adjustments
$
145.1
$
14.6
Tax effect of above items
(39.9
)
(3.8
)
Non-recurring tax items
5.3
(31.0
)
Adjusted net income (loss), diluted shares, and diluted earnings (loss) per share
34.7
$
229.2
$
6.60
35.0
$
195.8
$
5.60
Non-GAAP Reconciliation - Adjusted EBITDA
Three Months Ended December 31, 2025
Three Months Ended December 31, 2024
Franchised Dealerships Segment
EchoPark Segment
Powersports
Segment
Total
Franchised Dealerships Segment
EchoPark Segment
Powersports
Segment
Total
(In millions)
Net income (loss)
$
46.9
$
58.6
Provision for income taxes
26.3
23.5
Income (loss) before taxes
$
71.7
$
3.6
$
(2.0
)
$
73.2
$
89.4
$
(3.9
)
$
(3.4
)
$
82.1
Non-floor plan interest (1)
24.8
0.3
0.7
25.8
27.1
0.6
0.7
28.4
Depreciation and amortization (2)
37.4
4.9
1.4
43.7
34.2
5.4
1.2
40.8
Stock-based compensation expense
5.8
—
—
5.8
5.5
—
—
5.5
Impairment charges
—
—
—
—
0.2
1.3
—
1.5
Severance and long-term compensation charges
—
—
—
—
—
—
0.5
0.5
Acquisition and disposition-related (gain) loss
—
—
—
—
(3.5
)
0.8
—
(2.7
)
Storm damage charges
—
—
—
—
3.2
—
—
3.2
Cyber insurance proceeds
—
—
—
—
(10.0
)
—
—
(10.0
)
Adjusted EBITDA
$
139.7
$
8.8
$
0.1
$
148.5
$
146.1
$
4.2
$
(1.0
)
$
149.3
Twelve Months Ended December 31, 2025
Twelve Months Ended December 31, 2024
Franchised Dealerships Segment
EchoPark Segment
Powersports
Segment
Total
Franchised Dealerships Segment
EchoPark Segment
Powersports
Segment
Total
(In millions)
Net income (loss)
$
118.7
$
216.0
Provision for income taxes
54.1
40.1
Income (loss) before taxes
$
150.2
$
27.9
$
(5.3
)
$
172.8
$
256.4
$
0.8
$
(1.1
)
$
256.1
Non-floor plan interest (1)
99.1
1.6
2.8
103.5
107.0
2.6
2.6
112.2
Depreciation and amortization (2)
144.4
20.4
5.3
170.1
130.0
21.6
4.3
155.9
Stock-based compensation expense
23.1
—
—
23.1
21.3
—
—
21.3
Loss (gain) on exit of leased dealerships
—
—
—
—
—
(3.0
)
—
(3.0
)
Impairment charges
165.9
0.2
7.6
173.8
1.2
2.7
—
3.9
Loss on debt extinguishment
—
—
—
—
0.6
—
—
0.6
Severance and long-term compensation charges
—
—
—
—
2.2
2.9
0.5
5.6
Acquisition and disposition-related (gain) loss
5.5
(0.9
)
1.1
5.6
(3.8
)
(2.5
)
—
(6.3
)
Storm damage charges
5.0
—
—
5.0
8.3
—
—
8.3
Excess compensation related to CDK outage
—
—
—
—
13.0
0.4
—
13.4
Cyber insurance proceeds
(40.0
)
—
—
(40.0
)
(10.0
)
—
—
(10.0
)
Closed store accrued expenses
—
—
—
—
—
2.1
—
2.1
Loss (gain) on legal settlements
0.7
—
—
0.7
—
—
—
—
Adjusted EBITDA
$
553.9
$
49.2
$
11.5
$
614.6
$
526.2
$
27.6
$
6.3
$
560.1
Note: Due to rounding, segment level financial data may not sum to consolidated results.
(1)
Includes interest expense, other, net in the accompanying consolidated statements of operations, net of any amortization of debt issuance costs or net debt discount/premium included in (2) below.
(2)
Includes the following line items from the accompanying consolidated statements of cash flows: depreciation and amortization of property and equipment; debt issuance cost amortization; and debt discount amortization, net of premium amortization.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260218554758/en/
Company Contacts
Investor Inquiries:
Heath Byrd, Executive Vice President and Chief Financial Officer
Danny Wieland, Vice President, Investor Relations & Financial Reporting
ir@sonicautomotive.com
Press Inquiries:
Sonic Automotive Media Relations
media.relations@sonicautomotive.com
Original: Sonic Automotive Reports Fourth Quarter and Full Year Financial Results