NYSE$SAH

Sonic Automotive Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Reported all-time record quarterly revenues and increased net income.

Sonic Automotive reported all-time record quarterly revenues of $3.9 billion, a 9% increase year-over-year. Net income increased by 51% to $58.6 million, or $1.67 per diluted share. The company exceeded its technician hiring goal, adding 335 technicians in 2024, positioning them well for continued growth in 2025.

  • Achieved all-time record quarterly revenues of $3.9 billion, up 9% year-over-year.
  • Reported net income of $58.6 million, up 51% year-over-year, with earnings per diluted share of $1.67, up 50% year-over-year.
  • Franchised Dealerships Segment revenues reached an all-time quarterly record of $3.4 billion, up 12% year-over-year.
  • EchoPark Segment adjusted EBITDA was $4.2 million, a 146% increase year-over-year.

Headline financials

Total Revenue

$3.9B

Previous: $3.58B+8.7%
EPS (adj)

$1.51

Previous: $1.63-7.4%
Total Reported Selling General And Administrative Expenses As Percentage Of Gross Profit

69.6%

No prior period
Total Adjusted Selling General And Administrative Expenses As Percentage Of Gross Profit

71.2%

No prior period
Franchised Dealerships Same Store Retail New Vehicle Gross Profit Per Unit

$3.25K

No prior period
Franchised Dealerships Same Store Retail Used Vehicle Gross Profit Per Unit

$1.41K

No prior period
F&I Gross Profit Per Retail Unit

$2.43K

No prior period
Capital Expenditures

-$41.4M

Previous: -$357M+88.4%
Net Income

$58.6M

Previous: $38.7M+51.4%
Operating Income

$134M

Previous: $102M+31.5%
Gross Profit

$574M

Previous: $541M+6.1%

Revenue & EPS history

Sonic Automotive · Revenue · Quarterly

$3.9B

Q4 2024+8.7%vs Q4 2023
Beat estimate in 5 of 15 quarters(33%)
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 anticipates opportunities to deploy capital to grow its revenue base and enhance shareholder returns in 2025, focusing on delivering outstanding experiences, growing EchoPark's volume and profitability, and gaining market share in franchised dealerships and powersports.

Tailwinds

  • Continued growth in 2025 driven by strong Q4 2024 performance.
  • Focus on delivering outstanding guest and teammate experiences.
  • Growth of EchoPark volume and profitability.
  • Gaining market share in franchised dealerships and powersports segments.
  • Optimization of expense structure to drive sustained success.

Headwinds

  • Affordability challenges for guests.
  • Operational disruptions from the CDK outage.
  • Manufacturer stop-sale orders on certain makes and models.
  • Continued normalization of new vehicle margins.
  • Potential economic conditions in the markets

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 Q4 2024

Historical avgQ4 2024

+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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