- Sonic Automotive (NYSE:SAH) reports total new vehicles revenue rose 0.6% to $1.41B in Q4, whereas same-store sales dropped 0.1% to $1.39B.
- Used vehicles same-store sales expanded 4.9% to $632.86M.
- Wholesale vehicles same-store sales grew 64.6% to $56.7M.
- Used vehicles revenue increased 7.3% to $651.61M.
- Wholesale vehicles revenue soar 67.5% to $57.91M.
- Total new vehicles units sales dropped 0.8% to 35,562.
- Total used vehicles units sales up 5% to 29,621.
- Gross margin rate squeezed 20 bps to 14.5%.
- Operating margin rate improved 40 bps to 3.2%.
- The company expects diluted EPS to range from $2 - $2.1 for FY2017.