ADVFN - Advanced Financial Network.
HOME» NYSE » S » SAH Stock Price » SAH Stock News

Sonic Automotive Share News

 Sonic Automotive, Inc. Stock Price
SAH Stock Price
 Sonic Automotive, Inc. Stock Chart
SAH Stock Chart
 Sonic Automotive, Inc. Stock News
SAH Stock News
 Sonic Automotive, Inc. Company Information
SAH Company Information
 Sonic Automotive, Inc. Stock Trades
SAH Stock Trades

Sonic Automotive 1Q Surges On Strong Vehicle Sales

DOW JONES NEWSWIRES Sonic Automotive Inc.'s (SAH) first-quarter profit more than doubled on strong vehicle sales, especially for used cars. But the profit fell short of analysts' expectations. The improved results are the latest sign a recovery is underway in the auto-retailing business after a disastrous 2009, when vehicle sales plunged and both General Motors Co. and Chrysler Group LLC were reorganized in bankruptcy court. Last week, larger peer AutoNation Inc. (AN), reported a strong rise in first-quarter profit. "The quarter got off to a slow start as our stores came out of a very strong December and as we continued investing in our associates, but profitability improved dramatically as we progressed through the quarter," said President B. Scott Smith. The third-largest U.S. auto-dealership chain behind AutoNation and Penske Automotive Group Inc. (PAG) posted a profit of $4.2 million, or 8 cents a share, up from $1.7 million, or 4 cents a share, a year earlier. Excluding debt-refinancing activities and mark-to-market adjustments on interest rate swaps, Sonic's adjusted earnings from continuing operations rose to 14 cents from 10 cents. Revenue grew 13% to $1.56 billion. Analysts surveyed by Thomson Reuters expected a profit of 19 cents on revenue of $1.48 billion. Gross margin narrowed to 17.2% from 18%. Same-store revenue for the company's new vehicles improved 11%, and grew 29% for used cars. Shares of Sonic, which operates predominately in the Southeast, West and Southwest, closed at $13.09 Monday and were inactive premarket. -By John Kell, Dow Jones Newswires; 212-416-2480;

Stock News for Sonic Automotive (SAH)
02/11/201610:07:57Amended Statement of Ownership (sc 13g/a)
02/09/201616:35:57Statement of Ownership (sc 13g)
02/01/201611:32:53Statement of Changes in Beneficial Ownership (4)
01/27/201615:57:05Amended Statement of Ownership (sc 13g/a)
01/27/201607:30:00Sonic Automotive, Inc. Schedules Release Of 2015 Fourth Quarter...
01/21/201606:03:01Current Report Filing (8-k)
01/15/201616:36:11Current Report Filing (8-k)
11/15/201509:07:03Want to Invest Like Billionaires Warren Buffett and George Soros?...
11/08/201511:03:02Automotive Dealership Groups Look Increasingly Attractive for...
11/03/201516:18:00Statement of Changes in Beneficial Ownership (4)
10/30/201515:17:06Quarterly Report (10-q)
10/28/201507:31:00Sonic Automotive, Inc. Increases Quarterly Cash Dividend
10/28/201507:30:00Sonic Automotive, Inc. Reports Record Earnings
10/06/201514:16:13Statement of Changes in Beneficial Ownership (4)
10/05/201513:30:00Sonic Automotive, Inc. Schedules Release Of Third Quarter Results...
07/29/201514:05:00TrueCar and Sonic Reach Settlement in Trademark Dispute
07/27/201511:25:14Current Report Filing (8-k)
07/27/201507:30:00Sonic Automotive, Inc. Names O. Bruton Smith As Executive Chairman...
07/23/201515:04:00Quarterly Report (10-q)
07/20/201508:18:29Current Report Filing (8-k)

Sonic Automotive and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations