Sonic Automotive Reports All-Time Record Third Quarter Earnings
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Q3 2020
For quarter ended September 30, 2020
$2.5B
Total Sonic consolidated third quarter 2020 revenues of $2.5 billion and gross profit of $376.6 million
68.3%
Selling, general and administrative (“SG&A”) expenses as a percentage of gross profit were 68.3% for the third quarter of 2020, compared to 76.7% for the third quarter of 2019 (results for the third quarter of 2020 include an 80 basis point benefit related to a gain on franchise disposals)
$1.35
All-time record earnings per diluted share from continuing operations of $1.35 for the third quarter of 2020, an increase of 105% compared to $0.66 for the third quarter of 2019 (included in the results for the third quarter of 2020 is a pre-tax gain of $3.2 million, or $0.06 per share, related to franchise disposals)
All-time record EchoPark quarterly revenues of $385.1 million, up 23.3% from the third quarter of 2019
All-time record EchoPark quarterly retail sales volume of 15,127 units, up 14.5% from the third quarter of 2019
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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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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