Sonic Automotive, Inc. reported its financial results for the third quarter ended September 30, 2026, and announced a new quarterly cash dividend during an earnings press release dated October 29, 2026.
The company reported all-time record quarterly total revenues of $4.0 billion, a 0.4% increase year-over-year. Total gross profit for the quarter was also an all-time record at $617.5 million, up 0.3% year-over-year. Reported net income for the period was $41.1 million, a decrease of 12% year-over-year, which equates to earnings per diluted share of $1.28, down 4%.
On the segment level, the Franchised Dealerships segment experienced a 2% decline in same store revenues and a 1% decline in same store gross profit. Conversely, the EchoPark segment saw revenues rise to $596.0 million, up 14% year-over-year, and recorded a record gross profit of $58.9 million, up 8%. The Powersports segment achieved record quarterly revenues of $113.7 million, up 35% year-over-year, and record quarterly gross profit of $29.3 million, up 26%.
Regarding capital allocation, Sonic Automotive’s Board of Directors approved a quarterly cash dividend of $0.41 per share. This dividend is payable on January 15, 2027, to all stockholders of record as of December 15, 2026.
