Quarterly ResultApr 30, 2026, 04:15 PM
SAH Q1 Net Income $60.8M, EPS $1.79; Dealership Divestment
AI Summary
SONIC AUTOMOTIVE INC reported Q1 2026 net income of $60.8 million, a decrease from $70.6 million in Q1 2025, with diluted EPS falling to $1.79. Total revenues saw a slight increase to $3,688.5 million. The company completed the divestment of four franchised dealerships and related real estate, generating $58.7 million in gross proceeds and a pre-tax gain of $5.1 million. Additionally, SAH secured a new $150.0 million Bridge Facility and significantly increased treasury stock purchases.
Key Highlights
- Q1 2026 Net Income: $60.8 million, down 13.9% from $70.6 million in Q1 2025.
- Q1 2026 Diluted EPS: $1.79, down 12.3% from $2.04 in Q1 2025.
- Q1 2026 Total Revenues: $3,688.5 million, up 1.0% from $3,651.3 million in Q1 2025.
- Disposed of four franchised dealerships and related real estate for $58.7 million gross proceeds.
- Generated a pre-tax gain of $5.1 million from dealership dispositions.
- Purchased $135.7 million of treasury stock in Q1 2026, significantly up from $35.3 million in Q1 2025.
- Secured a new $150.0 million Bridge Facility on March 27, 2026.
- Quarterly depreciation expense reduced by $4.6 million due to adjusted asset useful lives.