NYSE$SAH

Sonic Automotive Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported record first quarter revenues and EPS driven by strong demand and benefits from strategic acquisitions.

Sonic Automotive reported record first quarter revenues of $3.6 billion, up 28.7% year-over-year, and record first quarter net income from continuing operations of $97.3 million ($2.33 per diluted share, up 89.4% year-over-year). The company's performance was driven by persistent consumer demand, enhanced digital sales and marketing initiatives, and the efforts of its teammates.

  • All-time record quarterly revenues of $3.6 billion, up 28.7% year-over-year
  • Record first quarter income from continuing operations before taxes of $128.9 million, up 77.5% year-over-year
  • Record first quarter net income from continuing operations of $97.3 million ($2.33 per diluted share, up 89.4% year-over-year)
  • All-time record quarterly total Finance & Insurance (“F&I”) gross profit per retail unit of $2,495, up 22.0% year-over-year

Headline financials

Total Revenue

$3.59B

Previous: $2.79B+28.7%
EPS (adj)

$2.33

Previous: $1.23+89.4%
F&I Gross Profit Per Retail Unit

$2.5K

Previous: $2.05K+22.0%
Capital Expenditures

-$58.8M

Previous: -$67.7M+13.1%
Free Cash Flow

$38.5M

Previous: -$13.4M+386.4%
Net Income

$97.3M

Previous: $54.2M+79.4%
Operating Income

$154M

Previous: $87.9M+75.8%
Gross Profit

$571M

Previous: $401M+42.5%
Cash & Equivalents

$360M

Previous: $77.2M+366.4%
Total Assets

$5.01B

Previous: $3.69B+35.6%
Stock-Based Comp

$4.5M

Previous: $3.5M+28.6%

Revenue & EPS history

Sonic Automotive · Revenue · Quarterly

$3.59B

Q1 2022+28.7%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Sonic Automotive · $3.02B total across 2 segments · Q3 2023

  • Franchised Dealerships
    $2.96B+4.2%
  • Powersports
    $57M

Forward guidance

Sonic Automotive remains confident in reaching its stated goal of $28 billion in total revenues by 2025.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.0%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+1.6%

Avg return

30 days after

46%

30 / 65 earnings

Positive

+30.2%

Q1 2019

Best reaction

-15.9%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%+7.5%+12.2%
Q4 2025+7.9%+7.7%+3.0%
Q3 2025-15.9%-17.4%-20.4%
Q1 2025+1.8%+3.9%+13.7%
Q4 2024-4.0%-1.8%-21.3%
Q3 2024+2.5%+6.1%+20.0%
Q2 2024+3.0%+7.0%+5.7%
Q1 2024+21.9%+13.1%+10.7%
Q4 2023-5.9%-8.3%-8.2%
Q3 2023+13.4%+10.4%+21.8%
Q2 2023-3.7%-2.9%+1.4%
Q1 2023-14.7%-16.8%-19.9%
Q4 2022-3.8%-2.1%-19.2%
Q3 2022+5.7%+8.1%+13.6%
Q2 2022+4.9%+3.5%+41.5%
Q1 2022-1.0%+8.9%+9.7%
Q4 2021+3.6%+3.4%-3.9%
Q3 2021-0.4%+1.8%-5.6%
Q2 2021+8.3%+8.4%+1.0%
Q1 2021-3.4%+3.9%-5.6%
Q4 2020-10.7%-1.6%+19.2%
Q3 2020-2.6%+4.9%+14.4%
Q2 2020-11.3%-6.8%+2.6%
Q1 2020+14.4%+12.8%+40.3%
Q4 2019-6.0%-3.7%-64.4%
Q3 2019+7.1%+10.4%+6.7%
Q2 2019+4.8%+6.5%-1.9%
Q1 2019+30.2%+27.6%+16.1%
Q4 2018-2.2%+0.6%-12.6%
Q3 2018+5.1%+6.2%-6.5%
Q2 2018+11.1%+10.6%+21.2%
Q1 2018-3.6%-2.9%+4.6%
Q4 2017-3.4%-5.4%-6.7%
Q3 2017+5.0%+6.8%+4.5%
Q2 2017-4.2%-8.7%-11.1%
Q1 2017-0.7%-4.4%-10.4%
Q4 2016+6.3%-4.8%-14.7%
Q3 2016-5.6%-5.6%+19.8%
Q2 2016-5.0%-5.3%-9.3%
Q1 2016+13.9%
Q4 2015+11.0%
Q3 2015+13.2%
Q2 2015-4.1%
Q1 2015+0.5%
Q4 2014-3.2%
Q3 2014-2.2%
Q2 2014-5.3%
Q1 2014+3.7%
Q4 2013+4.1%
Q3 2013-2.9%
Q2 2013-2.0%
Q1 2013+1.4%
Q4 2012-4.1%
Q3 2012+4.3%
Q2 2012+2.4%
Q1 2011-2.3%
Q1 2012+2.9%
Q2 2011-2.8%
Q4 2011-2.8%
Q4 2009-2.8%
Q3 2011-1.4%
Q3 2010-1.4%
Q4 2010-4.1%
Q2 2010-4.1%
Q1 2010+2.7%

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