Here's What Key Metrics Tell Us About Sonic Automotive (SAH) Q3 Earnings

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Sonic Automotive (SAH) reported $3.49 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 4.2%. EPS of $1.26 for the same period compares to $2.02 a year ago.

The reported revenue represents a surprise of -1.48% over the Zacks Consensus Estimate of $3.54 billion. With the consensus EPS estimate being $1.42, the EPS surprise was -11.27%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Sonic Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Franchised Dealerships Segment- Same store- Unit Sales Volume- Used vehicles: 24,934 compared to the 26,449 average estimate based on two analysts.

  • Powersports- Same store- Retail new vehicles: 1,266 compared to the 1,274 average estimate based on two analysts.

  • EchoPark Segment- Same Market- Unit Sales Volume- Used vehicles: 17,757 versus the two-analyst average estimate of 17,653.

  • Franchised Dealerships Segment- Unit Sales Volume- Used vehicles: 24,940 versus the two-analyst average estimate of 26,573.

  • Revenues- New vehicles: $1.59 billion compared to the $1.56 billion average estimate based on three analysts.

  • Revenues- Finance, insurance and other, net: $175.60 million versus the three-analyst average estimate of $176.24 million.

  • Revenues- Parts, service and collision repair: $479 million compared to the $475.06 million average estimate based on three analysts.

  • Revenues- Wholesale vehicles: $67.20 million versus $75.59 million estimated by three analysts on average.

  • Revenues- Used vehicles: $1.18 billion versus $1.21 billion estimated by three analysts on average.

  • Revenues- Total vehicles: $2.84 billion versus $2.84 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6% change.

  • Revenues- New vehicles - Retail: $1.57 billion compared to the $1.49 billion average estimate based on two analysts. The reported number represents a change of -0.4% year over year.

  • Revenues- New vehicles - Fleet: $22.20 million compared to the $18.88 million average estimate based on two analysts. The reported number represents a change of -4.3% year over year.