Earnings ·
Sonic Automotive reports Q3 revenue of $4.0B, approves $0.41 quarterly dividend
SAHSonic Automotive Inc
Sonic Automotive reported all-time record third-quarter total revenues of $4.0 billion and gross profit of $617.5 million. Reported net income was $41.1 million ($1.28 per diluted share), down 12% year-over-year, while adjusted net income fell 15% to $41.9 million. The company's Board approved a quarterly cash dividend of $0.41 per share, payable on January 15, 2027 to stockholders of record on December 15, 2026. Sonic Automotive operates as one of the nation’s largest automotive and powersports retailers.