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Sonic Automotive beats estimates in Q4

Feb. 27, 2018 10:52 AM ETSonic Automotive, Inc. (SAH) StockBy: Niloofer Shaikh, SA News Editor
  • Sonic Automotive (NYSE:SAH -2%) reports total new vehicles revenue rose 5.5% to $1.49B in Q4, whereas same-store sales expanded 6.2% to $1.48B.
  • Used vehicles same-store sales fell 2% to $625.91M.
  • Wholesale vehicles same-store sales up 29.3% to $40.13M.
  • Used vehicles revenue up 5.3% to $685.97M.
  • Wholesale vehicles revenue down 29.3% to $40.89M.
  • Total new vehicles units sales grew 2.7% to 36,531.
  • Total used vehicles units sales advanced 7.2% to 31.74.
  • Gross margin rate -10 bps to 14.4%.
  • Operating margin rate slipped 30 bps to 2.9%.
  • FY2018 Guidance: Diluted EPS: $2.21 - $2.45; Tax rate: 26% to 28%;

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