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Shares of Sonic Automotive (NYSE:SAH) were unchanged after the company reported Q4 results.
Earnings per share were up 54.64% over the past year to $1.50, which beat the estimate of $1.40.
Revenue of $2,799,000,000 higher by 1.86% from the same period last year, which missed the estimate of $2,800,000,000.
Sonic Automotive hasn't issued any earnings guidance for the time being.
Sonic Automotive hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Feb 17, 2021
Time: 11:00 AM
ET Webcast URL: https://www.directeventreg.com/der/toRegistration.action
52-week high: $49.21
Company's 52-week low was at $9.00
Price action over last quarter: Up 22.38%
Sonic Automotive is the fourth-largest public auto dealership group in the United States by new-vehicle sales. The company has 84 franchised stores in 12 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 12 EchoPark used-vehicle stores. In addition to new- and used-vehicle sales, the company derives revenue from parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 90% of new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute over 60% of new-vehicle revenue. 2019's revenue was $10.5 billion, with EchoPark's portion totaling $1.2 billion.
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