Sonic Automotive Reports Record Q3 Revenue and Provides EchoPark Q4 Guidance
Sonic Automotive (SAH) has reported record-breaking third-quarter financial results, achieving total quarterly revenues of $4 billion and a record gross profit of $617.5 million. The company's performance highlights significant growth across its business segments during the period. Looking ahead to the fourth quarter, management provided specific guidance for its EchoPark brand, projecting an adjusted EBITDA between $2 million and $4 million. To support this segment's growth, Sonic Automotive plans to initiate a brand spending campaign valued between $5 million and $7 million.
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