Quarterly ResultJul 30, 2026, 04:13 PM
Sonic Automotive Q2 Net Income $57.4M; EPS $1.82
AI Summary
Sonic Automotive reported a significant turnaround in its second quarter of 2026, with net income reaching $57.4 million, or $1.82 per basic share, compared to a net loss of $45.6 million, or $(1.34) per basic share, in the same period last year. Total revenues for the quarter increased to $3,934.0 million from $3,657.2 million year-over-year. The company also expanded its Powersports segment with a $66.3 million acquisition of six locations and divested five dealerships for $60.0 million.
Key Highlights
- Q2 2026 net income was $57.4 million, a significant improvement from a net loss of $45.6 million in Q2 2025.
- Basic earnings per common share for Q2 2026 was $1.82, up from $(1.34) in Q2 2025.
- Total revenues for Q2 2026 increased to $3,934.0 million, up from $3,657.2 million in Q2 2025.
- Acquired one Powersports business (six locations) for approximately $66.3 million during H1 2026.
- Disposed of five dealerships (three import, one domestic, one collision center) for $60.0 million in H1 2026.
- Year-to-date 2026 net income was $118.3 million, up from $25.0 million in H1 2025.
- Year-to-date 2026 basic EPS was $3.63, up from $0.74 in H1 2025.
- Purchased $142.0 million of treasury stock during H1 2026.
Price Impact
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