Quarterly ResultJul 30, 2026, 08:57 AM
Sonic Automotive Q2 Revenue $3.9B, Gross Profit $616.2M; Dividend $0.41
AI Summary
Sonic Automotive Inc. reported strong financial results for its second fiscal quarter ended June 30, 2026, achieving record consolidated revenues of $3.9 billion and an all-time record quarterly gross profit of $616.2 million. Reported net income surged 226% to $57.4 million, with diluted earnings per share reaching $1.79. The company's Board of Directors also approved a quarterly cash dividend of $0.41 per share, marking a 17% increase from the prior year.
Key Highlights
- Q2 total revenues reached $3.9 billion, an 8% increase year-over-year.
- Q2 total gross profit was an all-time record $616.2 million, up 2% year-over-year.
- Reported net income for Q2 was $57.4 million, up 226%, with diluted EPS of $1.79, up 234%.
- EchoPark Segment revenues grew 15% to $582.9 million, with gross profit up 4% to $64.3 million.
- Powersports Segment achieved record revenues of $73.5 million, up 53%, and record gross profit of $19.7 million, up 58%.
- Board of Directors approved a quarterly cash dividend of $0.41 per share, a 17% increase year-over-year.
- Acquired five Harley-Davidson dealerships in April 2026, expected to add $100 million in annualized revenue.
- Ended the quarter with $294 million in cash and $676 million in total available liquidity.
Price Impact
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