Sonic Automotive Q2 EPS Tops Estimates As Sales Miss, EchoPark Gross Profit Surges 22%

Sonic Automotive, Inc. (NYSE:SAH) shares are trading lower on Thursday.

Check out the current price of SAH stock here.

The company reported second-quarter adjusted earnings per share of $2.19, beating the analyst consensus estimate of $1.60. Quarterly sales of $3.657 billion (up 6% year over year) missed the Street view of $3.669 billion.

Sonic Automotive reported gross profit of $602.2 million, up 12% year-over-year.

The EchoPark subsidiary generated $508.6 million in segment revenues for the quarter, a 2% year‑over‑year decline. The segment posted a record total gross profit of $62.1 million, marking a 22% increase from last year. ...