Sonic Automotive Reports Fourth Quarter and Full Year Financial Results
Sonic Automotive, Inc. (SAH)
Last sonic automotive, inc. earnings: 4/29 07:00 am
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US:NYSE Investor Relations:
sonicautomotive.com/investor-relations.htm
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Source: Business Wire
Full Year 2023 Results Include All-Time Record Annual Revenues of $14.4 BillionEchoPark Segment Expected to Achieve Breakeven Adjusted EBITDA* in the First Quarter of 2024 CHARLOTTE, N.C.--(BUSINESS WIRE)--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, 2023.Fourth Quarter 2023 Financial SummaryTotal revenues of $3.6 billion, flat year-over-year; total gross profit of $541.1 million, down 6% year-over-yearReported net income of $38.7 million ($1.11 earnings per diluted share)Reported fourth quarter net income includes the effect of a $16.7 million pre-tax charge related to non-cash impairment charges (partially offset by a $4.3 million tax benefit on above charges), and a one-time income tax charge of $5.8 million related to certain non-deductible tax itemsExcluding these items, adjusted fou
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SAH
News
- Sonic Automotive, Inc. (NYSE: SAH) had its price target raised by analysts at JPMorgan Chase & Co. from $48.00 to $53.00. They now have an "underweight" rating on the stock.MarketBeat
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- Sonic Automotive, Inc. (NYSE:SAH) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Sonic (SAH) Q1 Earnings Exceed Expectations, Sales Miss [Yahoo! Finance]Yahoo! Finance
- Sonic Automotive Announces Retirement of Rachel Richards and Promotion of Dino Bernacchi to Chief Marketing OfficerBusiness Wire
SAH
Earnings
- 4/25/24 - Miss
SAH
Sec Filings
- 5/1/24 - Form 4
- 4/29/24 - Form 144
- 4/26/24 - Form 4
- SAH's page on the SEC website