Earnings Releases·Oct 29, 2026, 8:44 AM ET

Sonic Automotive — Third Quarter 2026 Earnings Summary

Consolidated revenues and gross profit reached all-time records of $4.0 billion (+0.4% YoY) and $617.5 million (+0.3% YoY), respectively, driven by strong growth in EchoPark and Powersports segments that offset declines in Franchised Dealerships.
Net income and diluted EPS declined 12% and 4% year-over-year to $41.1 million and $1.28, respectively, while EchoPark revenues surged 14% and Powersports revenues jumped 35% to record levels.
The Board approved a quarterly cash dividend of $0.41 per share, payable January 15, 2027, reflecting management's focus on disciplined capital allocation and shareholder returns.
Management highlighted a challenging consumer affordability environment for Franchised Dealerships but expressed confidence in long-term growth opportunities, citing EchoPark's 22% used vehicle unit volume increase and the successful integration of recent Powersports acquisitions.