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Sonic Automotive, Inc. (NYSE: SAH) will release its fiscal 2021 third quarter financial results on October 28, 2021, at 7:00 A.M. ET. A conference call will follow at 11:00 A.M. ET. Interested parties can access the earnings materials on the company's website. Sonic Automotive aims to be the leading automotive retailer in America, enhancing customer experiences through innovation and growth strategies. The company's focus includes expanding the EchoPark brand, offering nearly new pre-owned vehicles while utilizing advanced technology.
Positive
Anticipated continued growth in the EchoPark Segment, aiming for coverage of 90% of U.S. population by 2025.
Plans for innovative technology-enabled sales strategies to enhance the buying process.
Negative
None.
CHARLOTTE, N.C.--(BUSINESS WIRE)--
Sonic Automotive, Inc. (“Sonic Automotive” or “Sonic” or the “Company”) (NYSE:SAH), one of the nation’s largest automotive retailers, today announced it will release fiscal 2021 third quarter financial results on Thursday, October 28, 2021 by 7:00 A.M. (Eastern). Senior management will hold a conference call on Thursday, October 28, 2021 at 11:00 A.M. (Eastern).
Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the Company’s website at ir.sonicautomotive.com.
After registering, you will receive a confirmation that includes dial-in numbers and a unique conference call access code and PIN for entry. Registration remains available through the live call, however, to ensure you are connected for the full call we suggest registering at least 10 minutes before the start of the call.
A conference call replay will be available beginning two hours following the call for 14 days at ir.sonicautomotive.com.
About Sonic Automotive
Sonic Automotive, Inc., a Fortune 500 company based in Charlotte, North Carolina, is on a quest to become the most valuable automotive retailer and service brand in America. Our Company culture thrives on creating, innovating, and providing industry-leading guest experiences, driven by strategic investments in technology, teammates, and ideas that ultimately fulfill ownership dreams, enrich lives, and deliver happiness to our guests and teammates. As one of the largest automotive retailers in America, we are committed to delivering on this goal while pursuing expansive growth and taking progressive measures to be the leader in this category. Our new platforms, programs, and people are set to drive the next generation of automotive experiences. More information about Sonic Automotive can be found at www.sonicautomotive.com and ir.sonicautomotive.com.
About EchoPark Automotive
EchoPark Automotive is the fastest growing and most comprehensive retailer of nearly new pre-owned vehicles in America today. Our rapid growth plan is expected to bring our unique business model to 90% of the U.S. population by 2025, utilizing of one of the most innovative technology-enabled sales strategies in our industry. Our approach provides a personalized and proven guest-centric buying process that consistently delivers award winning guest experiences and superior value to car buyers nationwide, with an average savings up to $3,000 versus the competition. EchoPark is on pace to become the #1 retailer in the nearly new pre-owned vehicle market by 2025, and is already making its mark by earning the 2021 Consumer Satisfaction Award, expanding its Owner Experience Centers, developing an all-new digital ecommerce platform and focusing on growing its brand nationwide. EchoPark’s mission is in its name: Every Car deserves a Happy Owner. This drives the car buying experience for guests and differentiates EchoPark from the competition. More information about EchoPark Automotive can be found at www.echopark.com.
Forward-Looking Statements
Included herein are forward-looking statements, including statements regarding anticipated future pre-owned vehicle sales projections, the opening of additional EchoPark markets, and future population coverage. There are many factors that affect management’s views about future events and trends of the Company’s business. These factors involve risks and uncertainties that could cause actual results or trends to differ materially from management’s views, including, without limitation, economic conditions in the markets in which we operate, new and used vehicle industry sales volume, anticipated future growth in our EchoPark Segment, the success of our operational strategies, the rate and timing of overall economic expansion or contraction, the effect of the COVID-19 pandemic and related government-imposed restrictions on operations, and the risk factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and other reports and information filed with the Securities and Exchange Commission (the “SEC”). The Company does not undertake any obligation to update forward-looking information, except as required under federal securities laws and the rules and regulations of the SEC.
Heath Byrd, Executive Vice President and Chief Financial Officer (704) 566-2400
Danny Wieland, Vice President, Investor Relations & Financial Reporting (704) 927-3462
ir@sonicautomotive.com
Source: Sonic Automotive, Inc.
FAQ
When will Sonic Automotive release its Q3 2021 financial results?
Sonic Automotive will release its Q3 2021 financial results on October 28, 2021, at 7:00 A.M. ET.
What time is the Sonic Automotive Q3 2021 conference call?
The Q3 2021 conference call will take place on October 28, 2021, at 11:00 A.M. ET.
Where can I find the earnings press release for Sonic Automotive?
The earnings press release and materials will be available on Sonic Automotive's investor relations website starting from the morning of the conference call.
What is Sonic Automotive's strategy for growth?
Sonic Automotive is focused on expanding its EchoPark brand and aims to cover 90% of the U.S. population by 2025 through innovative technology-enabled sales strategies.
