Sonic Closes 2017 With Good Quarter, Raises Dividend 20%
Sonic Automotive reported a good quarter to end 2017 with adjusted diluted EPS from continuing operations of $0.84 beating consensus of $0.81 and increasing by 27% year over year. All major segments posted same-store revenue growth, except for used vehicles which fell by 2%, and the company reported an all-time record fourth-quarter revenue of about $2.7 billion to slightly edge consensus. We are leaving our moat and fair value estimate in place, but we will update all our modeling assumptions i...
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