Sonic Automotive reported record second-quarter total revenues of $3.9 billion, an 8% increase year over year, and an all-time quarterly record gross profit of $616.2 million, up 2%. GAAP earnings per diluted share were $1.79, while adjusted EPS came in at $1.82. The company raised its full-year new vehicle gross profit per unit guidance to a range of $2,850 to $3,000, up from the prior $2,700 to $3,000, citing better-than-expected first-half performance. EchoPark segment revenue grew 15% to $582.9 million, with retail used unit volume surging 17% to 19,600 units, significantly outpacing the broader industry. Powersports segment revenue jumped 53% to a second-quarter record $73.5 million, and adjusted EBITDA in that segment rose 145% to $4.9 million, reflecting the integration of recently acquired Harley-Davidson dealerships. The Board approved a quarterly cash dividend of $0.41 per share, payable on October 15, 2026, to shareholders of record as of September 15, 2026.
Sonic Automotive IncRecord Q2 revenue and gross profit, raised full-year GPU guidance, and increased dividend.
Harley-Davidson IncEchoPark and Powersports segments show strong growth, with Powersports revenue up 53% partly due to acquired Harley-Davidson dealerships.