| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 3.9K | 6.7% | 7.6% |
| Total Income | 3.9K | 6.7% | 7.6% |
| Expenditure | 3.8K | 6.9% | 3.3% |
| PBT | 80.30 | 5.6% | 216.2% |
| Net Profit | 57.40 | 5.6% | 225.9% |
| OPM | 3.35% | 0.25pp | 3.98pp |
| NPM | 1.46% | 0.19pp | 2.71pp |
| EPS | 1.82 | 0.6% | 235.8% |
Sonic Automotive Reports Q2 2026 Record Revenues and Gross Profit
30 Jul 2026 · 30 Jul, 6:27 pm
Summary
Sonic Automotive announced strong second quarter 2026 financial results, highlighted by record consolidated revenues of $3.9 billion, an 8% increase year-over-year, and an all-time record quarterly gross profit of $616.2 million, up 2% year-over-year. Net income saw a substantial rise of 226% to $57.4 million. The company's diversified business model drove growth across segments, with EchoPark delivering double-digit unit volume growth and record gross profit, while the Powersports segment also achieved record revenue and gross profit. Management expressed confidence in their diversified model and commitment to investing in platforms that broaden their earnings base and create long-term shareholder value.
Key Highlights
- 1
Sonic Automotive reported second quarter total revenues of $3.9 billion, an increase of 8% year-over-year.
- 2
The company achieved a second quarter record for total gross profit of $616.2 million, up 2% year-over-year.
- 3
Reported net income in the second quarter was $57.4 million, a significant increase of 226% year-over-year, with earnings per diluted share up 234% to $1.79.
- 4
The EchoPark Segment saw revenues of $582.9 million, up 15% year-over-year, and achieved a second quarter record for total gross profit of $64.3 million, up 4% year-over-year.
- 5
EchoPark Segment retail used vehicle unit sales volume increased by 17% year-over-year to 19,601 units.
- 6
The Powersports Segment reported second quarter record revenues of $73.5 million, up 53%, and record gross profit of $19.7 million, up 58% year-over-year.
- 7
Sonic’s Board of Directors approved a quarterly cash dividend of $0.41 per share.
Management Comments
David Smith
Our second quarter performance reflects the strength of Sonic’s diversified business model and the commitment of our teammates across the organization. We generated second quarter record consolidated revenues of $3.9 billion and all-time record quarterly gross profit of $616.2 million, driven by growth across our diversified operating segments. EchoPark delivered double-digit unit volume growth and second quarter record gross profit, while Powersports achieved record second quarter revenue and gross profit. Our latest results and outlook reaffirm our commitment to investing in differentiated platforms that broaden our earnings base and position Sonic to create sustainable long-term value for our stockholders.
Jeff Dyke
Our teams executed well in a quarter that included difficult year-over-year comparisons and a challenging consumer affordability backdrop. Our continued focus on opportunities in our used vehicle and fixed operations businesses led to our Franchised Dealerships segment delivering strong used vehicle volume growth and all-time record quarterly fixed operations gross profit, along with second quarter record F&I gross profit. At EchoPark, retail used vehicle volume increased 17% year-over-year, driving revenue and gross profit growth despite lower total gross profit per unit. We remain focused on improving our inventory sourcing mix, optimizing F&I performance, and positioning EchoPark for disciplined footprint expansion beginning in the fourth quarter of 2026.
Heath Byrd
We ended the quarter with approximately $294 million of cash and floor plan deposits and approximately $676 million of total available liquidity resources. Our balance sheet and liquidity position provide the flexibility to fund our existing operations, support targeted growth investments and return capital to stockholders. We will continue to apply a disciplined approach to capital allocation, balancing strategic acquisitions, organic investment and share repurchases as opportunities arise and market conditions evolve.
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