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Sonic Automotive: Q4 Earnings Snapshot
By AP News - Feb 12, 2025, 07:04 AM ET
Last Updated - Feb 12, 2025, 07:04 AM EST
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Sonic Automotive Inc. (SAH) on Wednesday reported fourth-quarter earnings of $58.6 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.67. Earnings, adjusted for one-time gains and costs, came to $1.51 per share.
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The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The auto dealer posted revenue of $3.9 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $3.61 billion.
For the year, the company reported profit of $216 million, or $6.18 per share. Revenue was reported as $14.22 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAH at https://www.zacks.com/ap/SAH
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