Sonic Automotive Inc (SAH) Releases Earnings Results, Reports EPS of $0.50 EPS

Sonic Automotive Inc (SAH) reported quarterly earnings results on Tuesday, Jul-26-2016. The company reported $0.50 EPS for the quarter. Analysts had a consensus estimate of $0.50. The company posted revenue of $2382.00 million in the period, compared to analysts expectations of $2456.80 million. The company’s revenue was down -1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Sonic Automotive Inc opened for trading at $18.66 and hit $18.97 on the upside on Wednesday, eventually ending the session at $18.92, with a gain of 2.05% or 0.38 points. The heightened volatility saw the trading volume jump to 1,51,588 shares. Company has a market cap of $867 M.

In a different news, on Mar 10, 2016, Victor H Doolan (director) sold 3,500 shares at $19.48 per share price. According to the SEC, on Nov 3, 2015, Bryan Scott Smith (CEO and President) sold 124,778 shares at $25.02 per share price. On Mar 27, 2015, David Bruton Smith (Vice Chairman) sold 20,000 shares at $24.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Sonic Automotive Inc. is an automotive retailer in the United States. The Company operates through two segments: Franchised Dealerships and EchoPark. The Franchised Dealerships segment consists of traditional retail automotive franchises that sell new and used vehicles replacement parts and vehicle repair and maintenance services and finance and insurance products. The EchoPark segment consists of standalone pre-owned specialty retail locations that provide customers an opportunity to search buy service and sell their pre-owned vehicles. The Company’s dealerships provide services such as sales of new and used cars and light trucks sales of replacement parts performance of vehicle maintenance manufacturer warranty repairs paint and collision repair services and arrangement of extended warranties service contracts financing insurance and other aftermarket products. The Company’s specialty retail locations operate under the EchoPark brand.

Sonic Automotive Inc

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