Sonic Automotive Reports Record First Quarter Revenues and Earnings Per Share
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Q1 2021
For quarter ended March 31, 2021
$2.8B
Record first quarter revenues of $2.8 billion, up 20.7%, and record first quarter income from continuing operations before taxes of $72.6 million, compared to a loss before taxes of $243.2 million in the first quarter of 2020, which included a $268.0 million non-cash goodwill impairment charge (excluding the effect of this prior year goodwill impairment charge, pre-tax earnings increased 193.1%)
$53.7M
Record first quarter reported earnings from continuing operations of $53.7 million ($1.23 per diluted share), compared to a loss of $199.1 million (loss of $4.67 per diluted share) and adjusted earnings from continuing operations* of $17.6 million ($0.40 per diluted share) in the first quarter of 2020
8.5%
All-time record quarterly total Finance & Insurance (“F&I”) gross profit per retail unit of $2,045, up 8.5%
All-time record quarterly EchoPark revenues of $507.1 million, up 52.9%
All-time record quarterly EchoPark retail sales volume of 19,670, up 40.6%
EchoPark pre-tax earnings of $2.0 million and Adjusted EBITDA* of $6.2 million
For complete information regarding our financials, see our periodic filings
A Fortune 500 Auto Retailer
Sonic Automotive, Inc., a Fortune 500 company based in Charlotte, North Carolina, is one of the nation’s largest automotive retailers. Sonic can be reached on the web at www.sonicautomotive.com. More information about EchoPark Automotive can be found at www.echopark.com.
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Company
Sonic Automotive, Inc.
4401 Colwick Road
Charlotte, NC 2211
(704) 566-2400
Investor Relations
Danny Wieland
(704) 927-3462
ir@sonicautomotive.com
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