Sonic Automotive Reports Record Q2 Revenue and Adjusts Guidance
On July 30, 2026, Sonic Automotive (SAH) reported record second-quarter revenues of $3.9 billion, an 8% increase from the prior year period. The company also achieved a quarterly gross profit of $616.2 million and non-GAAP adjusted earnings per share (EPS) of $1.82. Despite challenging comparisons due to pre-tariff demand in Q2 2025, franchised dealership segment revenues rose by 6% year-over-year. The company noted that new vehicle gross profit per unit is tracking above its initial guidance range and has therefore raised full-year expectations for GPU from $2.7 thousand to $3 thousand per unit to a revised range of $2.85 thousand to $3 thousand per unit. This adjustment reflects ongoing affordability challenges due to tariffs, which may impact the third and fourth quarters. Sonic Automotive's leadership emphasized strong relationships with teammates, guests, manufacturer partners, and lenders as key drivers for long-term success.
Tickers: $SAH
Topics: automotive financial results Q2 earnings