- 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%.
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FY2018 Guidance: Diluted EPS: $2.21 - $2.45; Tax rate: 26% to 28%;