Sonic Automotive Q1 adjusted EPS beats estimates

Sonic Automotive

30/04/2026 12:00

Overview

US auto retailer's Q1 revenue up 1% yr/yr, missing analyst expectations

Adjusted EPS for Q1 rose 9% yr/yr, beating analyst expectations

Company repurchased 2.1 mln shares in Q1, reducing outstanding shares by 6%

Outlook

Company expects recent Harley-Davidson acquisitions to add about $100 mln in annualized revenue

Result Drivers

FIXED OPERATIONS GROWTH - Record fixed operations gross profit in Franchised Dealerships, up 10% yr/yr, supported by technician hiring and retention

IMPROVED FINANCE & INSURANCE - Continued improvements in finance and insurance operations led to record gross profit and gross profit per unit in Franchised Dealerships

Company press release: ID:nBw3nkV7Ba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$3.69 bln
$3.73 bln (8 Analysts)
Q1 Adjusted EPS
Beat
$1.62
$1.39 (8 Analysts)
Q1 EPS
$1.79
Q1 Net Income
$60.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"

Wall Street's median 12-month price target for Sonic Automotive Inc is $74.50, about 1.6% above its April 29 closing price of $73.31

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)