Sonic Automotive Inc (NYSE:SAH)
$ 58.17 0.11 (0.19%) Market Cap: 1.97 Bil Enterprise Value: 5.83 Bil PE Ratio: 11.92 PB Ratio: 2.18 GF Score: 90/100
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Sonic Automotive Inc at Bank of America Global Automotive Virtual Summit Transcript

Mar 30, 2021 / 07:50PM GMT
Release Date Price: $50.66 (+2.68%)
John Joseph Murphy
BofA Securities, Research Division - MD and Lead United States Auto Analyst

Welcome back, everybody. Sorry, we had a little bit of a technical difficulty on our end, so I apologize for the delay.

Next up, we're very happy to have Sonic Automotive, one of the largest vehicle retailers in the United States. Management made a commitment to streamlining ops digitally in dealerships as well as establishing EchoPark, a stand-alone used vehicle business long before it was in vogue as it is now. It has taken some time to get these efforts off the ground, but they are really starting to roll and lift, especially at EchoPark. And Sonic has been outperforming on a traditional basis as the industry has gone through a constrained supply environment that's actually led to favorable macro dynamics, but has also executed incredibly well to take advantage of that environment.

Today, we are very happy to have Jeff Dyke, President; and Danny Wieland, Vice President of Investor Relations and Financial Reporting. I really appreciate you guys joining us today, and thank you so much for

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