Thu, Apr 24, 8:03 PM (24 days ago)
**Sonic Automotive, Inc. (SAH) Q1 2025 Financial Summary** **Financial Performance:** - **Revenue:** $3,651.3 million, up 8% YoY. - **Net Income:** $70.6 million, up 68% YoY. - **EPS:** $2.09, up 68% YoY. **Segment Performance:** - **Franchised Dealerships:** Revenue up 14% to $3,057.2 million, segment income up 44% to $91.9 million. - **EchoPark:** Revenue flat at $559.7 million, segment income up 455% to $10.3 million. - **Powersports:** Revenue up 24% to $34.4 million, segment loss of $3.5 million. **Operational Metrics:** - **New Vehicles:** Retail revenue up 14% to $1,656.3 million, fleet revenue up 13% to $22.1 million. - **Used Vehicles:** Revenue up 2% to $1,225.0 million. - **Wholesale Vehicles:** Revenue up 7% to $82.7 million. - **Parts, Service, and Collision Repair:** Revenue up 6% to $474.4 million. - **F&I:** Revenue up 13% to $190.8 million. **Cash Flow:** - **Operating Cash Flow:** $195.8 million, up 176% YoY. - **Investing Cash Flow:** -$35.5 million, down 9% YoY. - **Financing Cash Flow:** -$139.7 million, down 215% YoY. **Liquidity and Capital Resources:** - **Cash and Cash Equivalents:** $64.6 million. - **Floor Plan Deposit Balance:** $365.0 million. - **Revolving Credit Facility Availability:** $338.8 million. **Outlook:** - **New Vehicle Industry Volume:** Estimated between 15.6 million and 16.3 million for 2025. - **Liquidity:** Strong liquidity position with available resources of $946.9 million. **Uncertainties:** - **Economic Factors:** Changes in trade policy, tariffs, interest rates, consumer confidence, and economic conditions. - **Supply Chain:** Potential disruptions in vehicle and parts supply. - **Cybersecurity:** Ongoing risks from cybersecurity incidents. **Future Operations Impact:** - **Capital Expenditures:** $45.0 million, focused on facility construction and equipment purchases. - **Share Repurchase:** $35.3 million spent, $217.0 million remaining authorization. - **Dividends:** $0.35 per share approved for Q2 2025. **Conclusion:** Sonic Automotive, Inc. demonstrated strong financial health and performance in Q1 2025, with significant revenue growth and improved profitability. The company's strategic focus on its franchised dealerships, EchoPark, and powersports segments, along with effective capital management, positions it well for future growth. However, uncertainties related to economic factors, supply chain risks, and cybersecurity threats require ongoing vigilance and strategic planning.