Auto dealer Sonic reports higher earnings

Newswire

CHARLOTTE, N.C., Oct 28 (Reuters) - Auto dealer Sonic Automotive Inc. said quarterly earnings rose 43 percent as new purchases of dealerships helped boost profits. Sonic said it earned $31.6 million, or 73 cents a share, in the third quarter, up from $22.1 million, or 53 cents a share, a year earlier. Revenues rose 37 percent. In July, Sonic had told analysts to expect earnings of 69 cents to 71 cents a share. Sonic is one of several dealership groups such as AutoNation Inc. that have ...

Premium Content (PAID Subscription Required)

"Auto dealer Sonic reports higher earnings" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×