Q2 25 EPS
$2.19
BEAT +36.58%
Est. $1.60
Q2 25 Revenue
$3.66B
MISS 0.03%
Est. $3.66B
vs S&P Since Q2 25
+9.1%
BEATING MARKET
SAH +27.1% vs S&P +18.0%
Market Reaction
Did SAH Beat Earnings? Q2 2025 Results
Sonic Automotive delivered a standout second quarter, with adjusted earnings per share of $2.19 beating the $1.60 consensus estimate by 36.58%, even as a $172.40 million non-cash franchise asset impairment charge pushed the company to a GAAP net loss… Read more Sonic Automotive delivered a standout second quarter, with adjusted earnings per share of $2.19 beating the $1.60 consensus estimate by 36.58%, even as a $172.40 million non-cash franchise asset impairment charge pushed the company to a GAAP net loss of $1.34 per diluted share. Revenue reached $3.66 billion, up 5.9% year-over-year and essentially in line with expectations, with the headline profit beat driven by a 49% surge in adjusted net income to $76.20 million, aided partly by the absence of the CDK Global software outage that had weighed on the prior-year quarter. The company's franchised dealership segment stood out for its fixed operations strength, where gross profit hit an all-time quarterly record with same-store margins expanding 90 basis points to 51.3%, reflecting the broader industry trend of public dealers leaning heavily into service and parts growth. EchoPark posted its second consecutive record segment income of $11.70 million. Looking ahead, Sonic targets EchoPark adjusted EBITDA of $50.00 to $55.00 million for full-year 2025, with four newly acquired Jaguar Land Rover dealerships expected to contribute roughly $500.00 million in annualized revenues.
Key Takeaways
- • All-time record quarterly fixed operations gross profit in Franchised Dealerships, up 12% same-store YoY
- • All-time record quarterly F&I gross profit in Franchised Dealerships, up 15% same-store YoY with GPU of $2,718, up 14%
- • EchoPark achieved all-time record quarterly segment income and adjusted EBITDA of $16.4 million, up 128% YoY
- • EchoPark total GPU per unit of $3,747, up 22% YoY driven by F&I optimization and used vehicle margin improvement
- • Same-store new vehicle retail unit volume up 5% YoY in Franchised Dealerships
- • Warranty gross profit up 34% same-store in Franchised Dealerships
- • Prior year quarter negatively impacted by CDK Global software outage reducing Q2 2024 net income by an estimated $22.2 million
- • Consolidated adjusted SG&A expenses as a percentage of gross profit improved to 69.2% from 70.7% YoY
SAH YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
SAH Revenue by Segment
With YoY comparisons, source: SEC Filings
“I am very proud of our team's effort in the second quarter, driving record second quarter consolidated revenues and another all-time record quarterly adjusted EBITDA in our EchoPark Segment. These results validate our efforts to deliver an outstanding experience for our guests and teammates, grow our long-term EchoPark volume and profitability, gain market share in our franchised dealerships and powersports segments, and optimize our expense structure in order to create long-term value for our stakeholders.”
— David Smith, Q2 2025 Earnings Press Release
SAH Earnings Trends
SAH vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SAH EPS Trend
Earnings per share: estimate vs actual
SAH Revenue Trend
Quarterly revenue: estimate vs actual
SAH Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.40 | $1.62 | +15.46% | $3.69B | -1.10% |
| Q4 25 BEAT FY | $1.50 | $1.52 | +1.66% | $3.87B | -1.69% |
| FY Full Year | $6.60 | $6.60 | -0.01% | $15.15B | -0.05% |
| Q3 25 MISS | $1.74 | $1.41 | -18.74% | $3.97B | +9.52% |
| Q2 25 BEAT | $1.60 | $2.19 | +36.58% | $3.66B | -0.03% |
| Q1 25 BEAT | $1.44 | $1.48 | +3.04% | $3.65B | +3.78% |