- Sonic Automotive (SAH, Financial) reports first quarter 2025 revenues of $3.7 billion, reflecting an 8% increase year-over-year.
- The company achieved a net income of $70.6 million, marking a 68% increase from the prior year.
- EchoPark Segment reported an all-time record gross profit of $63.9 million, up 21% year-over-year.
Sonic Automotive, Inc. (SAH), one of the leading automotive retailers in the United States, has announced its financial results for the first quarter ending March 31, 2025. The company reported a record total revenue of $3.7 billion, representing an 8% increase compared to the same period in the previous year. The gross profit for the quarter reached $566.4 million, marking a 6% year-over-year increase.
Net income for the quarter surged by 68% to $70.6 million, translating into earnings of $2.04 per diluted share, a 70% increase from the previous year. These figures were partly driven by a $30.0 million pre-tax gain from cyber insurance proceeds and a gain on the sale of real estate, among other factors.
In its EchoPark Segment, Sonic Automotive reported an all-time high quarterly gross profit of $63.9 million, up 21% from the previous year. The segment's retail used vehicle unit sales increased by 5% to 18,798 units, leading to a segment income of $10.3 million, a remarkable 455% improvement year-over-year.
The company's Franchised Dealerships Segment also experienced growth, with revenues climbing 8% and gross profit up by 3%. Same-store retail new vehicle unit sales volume saw a 10% rise, despite a 17% decline in gross profit per unit.
Additionally, Sonic Automotive's Board of Directors declared a quarterly cash dividend of $0.35 per share, set to be distributed on July 15, 2025, to shareholders of record as of June 13, 2025.
Moving forward, Sonic Automotive remains focused on optimizing its expense structure, enhancing guest experiences, and expanding its EchoPark volume and profitability, against a backdrop of industry challenges including tariffs and consumer demand fluctuations.
