Sonic Automotive Inc. (SAH) reported that its first-quarter net income increased to $21.29 million or $0.40 per share, from $20.50 million or $0.35 per share, last year. Profit per share from continuing operations was $0.41 compared to $0.36 prior year. Total revenues rose to $2.08 billion from $1.93 billion last year.
Total first-quarter revenues increased 8.1% over prior year quarter. New vehicle retail revenue was up 11.7% over prior year quarter. Total gross profit was up 3.1%. The company said its operating performance continues to improve year-over-year, as it has focused on executing playbooks and being Predictable, Repeatable and Sustainable. On average, nine analysts polled by Thomson Reuters expected the company to report profit of $0.41 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $2.07 billion for the quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.