Sonic Automotive Q1 Revenue Hits $3.7B, EPS Up 9%; EchoPark EBITDA Jumps 18%
SAH•Sonic Automotive posted record Q1 revenue of $3.7 billion (+1% YoY) and gross profit of $598.8 million, driving adjusted EPS up 9% to $1.62. EchoPark gross profit reached $67.9 million and EBITDA hit $18.6 million (+18%), as the board approved $500 million buybacks and an 8% dividend raise to $0.41.
1. Financial Results Overview
Sonic Automotive delivered record first-quarter revenue of $3.7 billion, up 1% year-over-year, and gross profit of $598.8 million. Reported net income was $60.8 million, while adjusted net income rose 7% to $54.9 million, lifting adjusted EPS to $1.62 per share, up 9%.
2. EchoPark Segment Performance
The EchoPark division achieved all-time quarterly gross profit of $67.9 million (+6% YoY) and adjusted EBITDA of $18.6 million (+18%), driven by a strong tax refund season and retail used vehicle volume growth. Segment income climbed 57% to $16.2 million, with adjusted segment income up 25% to $12.6 million.
3. Share Repurchases and Dividend Increase
During Q1, the company repurchased 2.1 million shares for $135.7 million, reducing outstanding shares by 6%, and the board authorized an additional $500 million buyback capacity (total remaining $528 million). The quarterly dividend was raised 8% to $0.41 per share, payable July 15, 2026.
