Sonic Automotive reported record second-quarter total revenues of $3.9 billion, an 8% increase from the prior year, and all-time record quarterly gross profit of $616.2 million, up 2% year over year. The company posted GAAP earnings of $1.79 per diluted share, with non-GAAP adjusted EPS of $1.82. Franchised dealership segment revenues rose 6% to $3.3 billion, while same-store revenues increased 2%. New vehicle gross profit per unit is tracking above the high end of full-year guidance, prompting Sonic to raise its full-year new GPU guidance to $2,850 to $3,000 per unit. EchoPark revenues grew 15% to $582.9 million, with retail used unit volume up 17% to 19,600 units, and the Powersports segment saw revenues surge 53% to a second-quarter record $73.5 million. The Board approved a cash dividend of $0.41 per share payable on October 15, 2026.
Sonic Automotive IncRecord Q2 revenue and raised GPU guidance indicate strong financial performance.