Sonic Automotive Inc Class A

SAH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$35.00	Mtpvn	Vdxdwwwx

Sonic Automotive Earnings: EchoPark Closures Set Remaining Stores Up To Do Better

David Whiston

Jul 27, 2023

Sonic Automotive’s second quarter saw all-time record quarterly sales, which were up 4.2% year over year. Adjusted diluted EPS of $1.83, though down 25.3%, beat the $1.65 Refinitiv consensus. We are raising our fair value estimate by $2 to $61 on the time value of money and slightly higher revenue to account for 2023 U.S. light vehicle sales trending higher than our prediction of as much as 14.7 million.

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