Stock Data
$1.97 (2.32%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
AUTO & TRUCK DEALERSHIPS
Sonic Automotive Inc, based in Charlotte, North Carolina, is a prominent automotive retailer in the U.S. The company operates through three main segments: Franchised Dealerships, EchoPark, and Powersports. It offers a wide range of automotive services including the sale of new and used cars and light trucks, vehicle maintenance, and repair services. Additionally, Sonic Automotive provides financial services such as extended warranties, financing, and insurance. Its EchoPark segment specializes in used vehicle sales, while the Powersports segment deals with motorcycles, personal watercraft, and all-terrain vehicles.
Sonic Automotive beat on both earnings and revenue in Q2, but SG&A expenses widened 370 basis points as a percentage of gross profit to 72.2%, eroding margins despite record consolidated revenue. Management flagged tariff uncertainty as a key headwind for the second half while raising EchoPark volume guidance and expanding powersports with five newly acquired Harley-Davidson dealerships.
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