Sonic Automotive, Inc. Class A Stock News

Sonic Automotive, Inc. (NYSE:SAH ) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants David Smith - Chairman and CEO Heath Byrd - EVP and CFO Jeff Dyke - President Danny Wieland - VP, IR Tim Keen - EchoPark COO Conference Call Participants John Murphy - Bank of America Rajat Gupta - JPMorgan Jeff Lick - Stephens Chris Pierce - Needham & Company Patrick Buckley - ...

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive, Inc. (“Sonic Automotive,” “Sonic,” the “Company,” “we” “us” or “our”) (NYSE:SAH), one of the nation's largest automotive retailers, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Summary Total revenues of $3.5 billion, down 4% year-over-year; total gross profit of $543.6 million, d...

CHARLOTTE, N.C.--(BUSINESS WIRE)--$2 MILLION HURRICANE RELIEF DONATION MADE BY FOUR LEADING NORTH CAROLINA COMPANIES.

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Schedules Release of Third Quarter 2024 Financial Results.

AUSTIN, Texas--(BUSINESS WIRE)-- #CDKGlobal--CDK, the leading automotive retail software provider, today announced the extension of its agreement with Sonic Automotive, Inc. (NYSE: SAH), one of the nation's largest automotive and powersports retailers, to provide its dealerships with the CDK Dealer Management System (DMS) and its Dealership Xperience Modern Retail Suite, a set of powerful softw...

Sonic Automotive is adapting to digital car-buying trends with its EchoPark platform, enhancing its position in the growing pre-owned vehicle market. Despite a 7.5% revenue decline, Sonic maintains stable gross profit through cost-control measures and focuses on certified pre-owned vehicles. Challenges include adapting to the electric vehicle market, requiring significant investments in infrast...

Sonic Automotive is investing in online platforms and dealership acquisitions, enhancing customer experience and expanding revenue growth across the U.S. The decline in late-model used vehicles and ongoing inflation could increase the value of SAH's car inventory and boost sales. Stock repurchases and conservative FCF forecasts suggest SAH is undervalued.

The small-cap rally saw shares of some companies rise more than fundamentals suggest they should have.