With a combined revenue of $21 trillion and $2.1 trillion in profits, the 2026 Fortune 500 is the definitive list of America's largest companies.

Fortune 500

Almost $20 trillion in revenue—and a record-breaking $1.87 trillion in profits. Introducing the 2025 Fortune 500, the definitive list of the biggest companies in America.

Industries included in the sector are automotive retail, general merchandisers, internet retail, and specialty retail.

Fortune Sector Leaders: Retailing

The Fortune 500, in its 70th year in 2024, ranks the biggest U.S. companies by revenue.

The Fortune 500, in its 69th year in 2023, ranks the biggest U.S. companies by revenue.

This year’s Fortune 500 marks the 68th running of the list.

This year’s Fortune 500 marks the 67th running of the list.

F500-2021-308-Sonic Automotive

The automotive retailer operates more than 100 dealerships and 25 different brands of automobiles.

This year's Fortune 500 marks the 66th running of the list.

F500 2020 301 Sonic Automotive

The Charlotte, N.C.-based automotive retailer sells new and used cars and light trucks, replacement parts, and vehicle services via a network of dealerships in 12 states.

This year's Fortune 500 marks the 65th running of the list.

This year's Fortune 500 marks the 64th running of the list.

This year's Fortune 500 marks the 63rd running of the list.

This year's Fortune 500 marks the 62nd running of the list.

This year's Fortune 500 marks the 61st running of the list. Wal-Mart claims the top spot again. See who made the list.

Wal-Mart stayed on top as its sales crept closer to half-a-trillion dollars. Apple moved into the top five. And UnitedHealth Group continued its steady climb. 

Key Financials (last Fiscal Year)

Revenues ($M)

Profits ($M)

Assets ($M)

Total Stockholder Equity ($M)

Profit Ratios

Profit as % of Revenues

Profits as % of Assets

Profits as % of Stockholder Equity

Earnings Per Share (last Fiscal Year)

Earnings Per Share ($)

EPS % Change (from prior fiscal year)

EPS % Change (5 year annual rate)

EPS % Change (10 year annual rate)

Total Return

Total Return to Investors (last year)

Total Return to Investors (5 year, annualized)

Total Return to Investors (10 year, annualized)

Sonic Automotive is one of the largest automotive retailers in the United States. Operating over 100 dealerships across 13 states, Sonic represents more than 25 automotive brands, offering new and used vehicle sales, replacement parts, vehicle maintenance, and collision repair services. The company also owns EchoPark Automotive, a rapidly growing network specializing in pre-owned vehicles, providing a unique car-buying experience. Committed to delivering exceptional guest experiences, Sonic emphasizes transparency, efficiency, and customer satisfaction through its innovative One Sonic One Experience approach.

Q2 2026

Q1 2026

Q4 2025

Q2 2025

Q1 2025

Q4 2024

Sonic Automotive (SAH): Company Profile, Stock Price, News, Rankings

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Sonic Automotive

sonic automotive

Good morning, and welcome to the Sonic Automotive Fourth Quarter twenty twenty four Earnings Conference Call. This conference call is being recorded today, Wednesday, 02/12/2025. Presentation materials, which accompany management's discussions on the conference call, can be accessed at the

company's website at ir.sonicautomotive.com.

At this time, I would like to refer to the Safe Harbor statement under the Private Securities Litigation Reform Act of 1995. During this conference call, management may discuss financial projections, information or expectations about the company's products or market or otherwise make statements about the future. Such statements are forward looking and subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These risks and uncertainties are detailed in the company's filings with the Securities and Exchange Commission. In addition, management may discuss certain non GAAP financial measures as defined by the Securities and Exchange Commission.

Please refer to the non GAAP reconciliation tables in the company's current report on Form eight ks filed with the Securities and Exchange Commission earlier today. I'd now like to introduce Mr. David Smith, Chairman and Chief Executive Officer of Sonic Automotive. Mr. Smith, you may begin your conference.

Thank you very much, and good morning, everyone. Welcome to the Sonic Automotive fourth quarter twenty twenty four earnings call. As he mentioned, I'm David Smith, the company's Chairman and CEO. Joining me on today's call is our President, Jeff Dyke our CFO, Heath Byrd our EchoPark Chief Operating Officer, Tim Keane and our Vice President of Investor Relations, Mr. Danny Weiland.

We would like to open the call by sincerely thanking our amazing teammates for continuing to deliver a world class guest experience for our customers. Our EchoPark Automotive teammates have once again earned the top spot as the number one pre owned automotive dealer and guest satisfaction ranked by reputation.com. And our Sonic Automotive franchise teammates set a second consecutive annual record in customer satisfaction scores. Our teammates are truly living our sonic purpose to deliver an experience for our guests and our teammates that fulfills dreams, enriches lives and delivers happiness. We believe our strong relationships with our teammates, our manufacturer and lending partners and our guests are key to our future success.

And as always, I would like to thank them all for their support and loyalty to the Sonic Automotive team. I'd also like to welcome our newest Sonic teammates from our fourth quarter acquisition of the remaining 50% joint venture of Northpointe Volvo in Greater Atlanta. In addition to acquiring Audi New Orleans and Motorcycles of Charlotte and Greensboro, collectively, we expect these acquisitions to add approximately $145,000,000 in annualized revenues to our business. We would also like to announce that we are back in the market and actively pursuing major acquisitions of new vehicle franchises in 2025. Turning now to our fourth quarter results, Our GAAP EPS was $1.67 per share and excluding the effect of certain items as detailed in our press release this morning, adjusted EPS was $1.51 per share, a 7% decrease year over year.

Fourth quarter consolidated total revenues were an all time quarterly record, up 9% year over year, while consolidated gross profit grew 6% and consolidated adjusted EBITDA increased 5%. Moving now to our franchise dealership segment results. In the fourth quarter, we generated all time record quarterly franchise revenues of $3,400,000,000 up 12% year over year. This revenue growth was driven by 13% increase in new retail volume, a 5% increase in used retail volume and a 10% increase in fixed operations revenues. Our fixed operations gross profit and F and I gross profit also set all time quarterly records, up 1214% year over year, respectively.

With the acceleration in new vehicle sales volume in the fourth quarter, new vehicle day supply decreased to forty six days, down from fifty seven days at the end of the third quarter. Same store new vehicle GPU was $3,241 up sequentially from the third quarter due to our luxury brand mix and in line with our previous guidance to exit the year in the low $3,000 range. On the used vehicle side of the franchise business, while we grew volume by 5% year over year, supply constraints and consumer affordability remain a challenge. Our used inventory day supply was in our target range at thirty one days and used GPU was stable sequentially at $13.96 dollars per unit on a same store basis, approaching normalized GPU levels in this supply environment. Our F and I performance continues to be a strength with same store franchised F and I GPU of $2,427 in the fourth quarter, up 4% sequentially and year over year.

The continued stability in F and I at these levels supports our view that F and I per unit will remain structurally higher than pre pandemic levels, even in a challenging consumer affordability environment. Our parts and service or fixed operations business remains very strong with a 12% increase in same store fixed operations gross profit in the fourth quarter. This strong growth was driven in part by higher levels of warranty repairs, combined with the effects of our initiative to increase technician headcount by 300 net technicians during 2024. We are very excited to announce that we exceeded this challenging goal, adding three thirty five net technicians during 2024, which we expect to set the stage for strong fixed operations growth in 2025 as we continue to focus on technician hiring and retention. Turning now to our EchoPark segment.

Fourth quarter adjusted EBITDA was $4,200,000 below our previous guidance for $7,000,000 to $8,000,000 in EchoPark adjusted EBITDA. This shortfall was driven primarily by $200 sequential decline in used GPU from the third quarter as a result of building inventory a little bit too quickly exiting the third quarter, which led to aging inventory and depreciation risk amidst a seasonal slowdown in used demand. In response, we have taken steps to right size our inventory at EchoPark heading into the first quarter and expect for used GPU to improve sequentially. For the fourth quarter, we reported EchoPark revenues of $5.00 $6,000,000 down 9% from the prior year and fourth quarter record EchoPark gross profit of $49,000,000 up 14% from the prior year. EchoPark

stores, EchoPark revenue was flat. Gross profit was up 29% and retail unit sales volume increased 4% year over year. EchoPark segment total gross profit per unit was $3,004 per unit, up $6.00 $6 per unit year over year, despite lower than expected front end used GPU. EchoPark used vehicle supply finished the fourth quarter at thirty eight days compared to thirty three days at the end of the third quarter. Our unwavering confidence in EchoPark's long term potential has allowed us to weather the challenges in the used vehicle market in recent years.

And we believe our performance in 2024 demonstrates the tremendous opportunity for this brand. Full year 2024 adjusted EBITDA was $27,600,000 up from a loss of $83,000,000 in 2023 and the EchoPark segment achieved profitability on a pre tax basis in 2024. We believe these results validate the strategic adjustments we made over the past several quarters and we look forward to resuming disciplined long term growth for EchoPark as used vehicle market conditions continue to improve over the next several quarters. Turning now to our Power Sports segment. For the fourth quarter, we generated revenues of $30,600,000 gross profit of $7,500,000 and a segment adjusted EBITDA loss of $1,000,000 which was in line with our expectations for a seasonally lighter fourth quarter.

We continue to focus on identifying operational synergies within our current powersports network, while fine tuning our operating playbooks. While we are taking a disciplined approach to expansion in this segment, we remain optimistic about the future growth opportunities in this adjacent retail sector when the time is right. Finally,

to our balance sheet, we ended the year with $862,000,000 in available liquidity, excluding unencumbered real estate, including three eighty four million dollars in combined cash and floor plan deposits on hand. We continue to maintain a conservative balance sheet approach with the ability to deploy capital strategically as the market evolves. Additionally, I'm pleased to report today that our Board of Directors approved a quarterly cash dividend of $0.35 per share, payable on 04/15/2025, to all stockholders of record on 03/14/2025.

can see in the investor presentation we released this morning, we have once again provided certain limited financial guidance for 2025. Note that there are many variables that may affect our business in 2025, including the impact of potential tariffs, shifts in electric vehicle production and demand and changes in the interest rate environment and consumer affordability, among others. In closing, our team remains focused on near term execution and adapting to ongoing changes in the automotive retail environment and macroeconomic backdrop. While making strategic decisions to maximize long term returns. Furthermore, we continue to believe that our diversified business model provides significant earnings growth opportunities in our EchoPark and Powersports segments that may help to offset any industry driven margin headwinds we may face in the franchise business.

And as I mentioned earlier, we look forward to announcing some major new vehicle franchise acquisitions in 2025. We remain confident that we have the right strategy, the right people and the right culture to continue to grow our business and create long term value for our stakeholders. This concludes our opening remarks and we look forward to answering any questions you may have. Thank you.

Thank you. We're now conducting a question and answer session. Our first question today is coming from John Murphy from Bank of America. Your line is now live.

Good morning, guys. David, just a Just a first question on the acceleration in M and A. Lithia just mentioned that they thought multiples were a little bit high, valuations were a little bit high, so they were slowing down and we hear that from some folks. But like you, we hear some folks that are kind of leaning into this. So I'm just curious what you're seeing in the market, what you think of evaluations.

And there's many ways to play the game and regions and strategies to go after. So I'm just curious what you're seeing that might be somewhat different and what really the target is for your acquisitions?

of the day, our background and our strength sits in luxury. We're seeing a lot of opportunities on the luxury side across the country. Multiples have actually gotten better from our perspective, not worse. We're seeing more deals come across. I've been with Sonic for twenty years.

We're seeing more deals come across our desk now than we ever have. And we're in a great position. We're agreeing to buy in just about every single manufacturer that we have, certainly across all the luxury import lines. And so it's we're set up for that. We've got a great balance sheet.

We've been saving our dollars. We've got the liquidity to go out and do this without adding debt to our balance sheet. And so it's a great opportunity for us. We're ready for that. Our team is ready for that.

We don't have to add any overhead. So it's just immediate addition of EBITDA and the lowering of your SG and A. And it's the right thing to do for us at this moment. We've got a lot of deals in the hopper, and would expect us to be announcing deals here in the coming month or two.

Yes. And this is David. I would mention just to piggyback on Jeff's comments about our teammates and the record customer satisfaction scores that I mentioned earlier have allowed us to have some opportunities on the table that our competitors don't have. So it creates a strategic advantage for us to have that performance. So we really appreciate our team's efforts there.

I'm sorry, just to follow-up, other than luxury, is there a specific sort of region or strategy that you're going after size and scale, large dealerships, lower smaller dealerships, I mean, what's or is it sort of all comers on the luxury side?

Well, I mean, I would tell you it's Jeff again. I would tell you luxury and import, and there might be a domestic deal here or there. But from California, from Sea to Shining Sea, there are deals across all markets on the East Coast, Alabama, Florida, California, Texas. We're looking at multiple deals, have multiple deals in the hopper in each of our big markets and it rounds out where we might not have a luxury brand in particular market, allows us sort of round out our package for that market for our consumer. So, there's a lot of opportunity out there, John, and we're going to take advantage of that here in 'twenty five.

And we particularly love growth markets. And if we're taking a look at and some markets we've looked at recently are not in growth areas and we decided to pass on some deals there. But so it's something to keep in mind. And Jeff is from Texas, so he always tries to bring

There's nothing wrong with Texas. On new GPUs, which is the hottest topic of when they're going to normalize or where they're going, I appreciate the outlook that you gave in the slide deck. But maybe could you give us some color of how big a weight or drag EVs have been on GPUs? And hopefully as we get through clearing out some of that inventory here and you don't get restocked or re stuffed to put it politely with more EVs. What kind of relief that can create on new GPUs?

Well, first of all, I sure as hell hope that's the case. We don't want to get restocked with all the EVs and you're exactly right. They need to do a much better job of managing their day supply across the board. Now day supplies came down in the fourth quarter because volumes went way up. Let's see what happens in the first two quarters of this year and particularly against the domestic.

But I think it's about a $400 drag for us and that needs to go away. That will heavily offset the reduction in new GPU. And it's really, I mean, a big drag on the West Coast, in particular in the luxury brands, that we just we got to do a better job as an industry and the manufacturers got to do a better job of managing their electric vehicle output, along with what the consumer is willing to buy. And that's something that's just really incredibly important. It's going to become even more important as we go through this year.

And hopefully, the new government and their focus will give us a little relief there. And John, this is Danny.

One more point on that. That's part of that wide range, the 2,500 to 3,000 of new GPU we guided to for 2025 is the variability in BEV. The good news is that we finished Q4 with about 10% of our inventory mix being electric vehicles on 11% sales. Again, we're a little higher sales penetration than the industry because of the luxury and California exposure. But that was down from 14% of our inventory mix at electric vehicles at the end of the third quarter.

So while we didn't get the benefit of an improving headwind in EV GPU, we've at least right sized and aligned the inventory levels as of now or as of the end of the year with what our sales rate is. So that's a big step in the right direction.

And don't forget the manufacturer are heavily incentivizing EVs right now. So you probably have a little false positive in terms of the amount of volume that we're doing in the country right now.

I think you're being polite calling a false positive

Just real quick lastly on EchoPark. Things are turning the corners here. What are the KPIs or the things that you need to see internally and potentially externally to turn the tap back on for store openings? Just want to understand where that goes?

Yes. So I'll let Tim talk a little bit here in a second. But look, we want to get through this year. I think it's really important to watch affordability continue to drop. We're buying cars in the auction lanes in the 23,000 to 23,500 range.

We're buying more of a percentage of our cars off the street. We're testing some things to see if we can buy even more off the street. And as prices come down and affordability comes back, we're going to start opening stores. It is our intention to begin opening stores first quarter, second quarter of '20 '20 '6. That's how things are going right now.

Should that get better from an affordability perspective? Maybe we could pull that up a little bit. As you know, we already own real estate, we already have facilities, so it's not going to be that big of a deal for us to go out and start opening stores. It is a big deal though to wait and make sure we're very mature how and when we open those based on what's going on in the marketplace. And we got a little bit out of hand in the third quarter with the level of inventory that we had going into the fourth quarter.

Our system did what it's supposed to do, it right sized things, cost us $200 a copy, and that or we would have been in the $7,800,000 to $8,000,000 range in EBITDA. So we've got that all corrected and margins have returned to normal here in the first quarter. Tim, anything you'd add to that?

No. I mean, certainly, we had to make the adjustment in

it cost us, but we're going to benefit from that in the

first quarter because our inventories were right

And John, this is Steve. Just to add, the external factors are obvious that we've all been talking about. The used car supply is going to hit the bottom in theory in 2025. So we think the second half of 'twenty five and going into 'twenty six will be back on the upswing and that also is appropriate for expansion of EchoPark.

Totally. I mean, John, we opened a store in Houston. We closed a smaller store and opened a bigger store in Stafford in Houston, Texas. And it just shot out of the gates. It had a great opening.

It's just rolling this month, should do three fifty to 400 cars, maybe close to 400, which would put it in there as our second or third largest store automatically. So big markets, the big store, all that's working as we had hoped for. Just want to see the pricing continue to drop a little bit here. Lease returns come back, those things it's all going to help and benefit EchoPark. If the manufacturers continue to not be able to help themselves on the new car day supply, EchoPark is just going to win and win in a big way.

Thank you. Next question is coming from Rajat Gupta from JPMorgan. Your line is now live.

Hey, thanks for taking the question. Just a quick follow-up on EchoPark for the fourth quarter. And I appreciate the comments around like the inventory, some liquidation happening there, hurting the grosses. But I was surprised to see volumes not do better. I mean, some of your peers like CarMax, Carvana, like just more independent used car dealers have put up pretty good numbers for November and December.

I'm curious why we did not see that strength at EchoPark. Was it just due to just lack of like younger car supply? Anything else that you can point to? And then I have a quick follow-up. Thanks.

I mean, look, on a same store basis, we grew at 4% or 5% somewhere in that ballpark, kind of right along with where our franchise stores were. Look, I think there's an opportunity for us to grow more than that, Rizat. The over aged inventory took a little bit of focus from us. There's some marketing things that we could have done a little bit differently. And I think we'll still see that happen in the first quarter.

It wasn't a bad fourth quarter. We projected at the beginning of the year that first and third would be very similar and second and fourth would be very similar from a volume perspective they were. So we'll see. It wasn't a bad quarter, but at the end of the day, that aged inventory or the potential for aging inventory, which is what we had, caused a little bit of a slowdown for us. And we focused on that, got that cleaned up.

And as we said a minute ago, as Tim said, we're rolling in the first quarter and should be a really nice first quarter.

Got it. Got it. That's helpful clarification. And then just a follow-up on parts and services. You've done a great job increasing technician count to 2024.

I would have expected you get the full benefit of that in 2025, like at least the hiring that took place in the second half of twenty twenty four. It looks like you're going to add more technicians again in 2025. You have some easy comparisons from CDK in 2Q, 3Q. I was curious like is the mid single digit growth guide just some conservatism in your part? I would have expected that to be much higher just given all these Dynamics around technicians and just CDK comps?

Well, I'm not going to give you everything right off the bat there, Rishi. I mean, yes, look, at the end of the day, mid single digits is kind of what we're guiding to, but there's upside. There's no question when you look at the number of technicians that we've hired, we're very excited about that. Got to keep them all, but we've got plans in place to do that. And as you can see, that's really paying off.

The kind of growth that we saw in the fourth quarter, we had an amazing January in fixed operations, if that carries through, what you just said is going to be accurate and we're going to have a little better fixed year than probably what we're projecting. But it does get tougher as the year goes on. So it'll get tougher in the fourth quarter because we were a little bit at full strength in the fourth quarter of twenty twenty four. But first quarter, second quarter, maybe first half or third quarter, you should see some really nice growth from a fixed operations perspective.

And Rajeev, this is Heath. I just want to add that we do believe we're going to get $100,000,000 in annualized fixed operations gross profit from those technicians, but they're not all going to be up to the level it's going to take through the year. So you should see that getting better and better, helping offset some of the difficulties in the third and fourth quarter from a comp perspective. But that is the $100,000,000 is a number once they are fully mature and in place.

Got it. Got it. That's helpful. Thank you and good luck.

Thank you. Next question is coming from Brett Jordan from Jefferies. Your line is now live.

Did you talk about, I guess, the powersports segment and sort of what you see as the TAM there? I mean, how big could it be? And given how tough the cycle is in that space right now, is now a good time to be buying there? Like isn't wouldn't you be piling it on here because they would be cheaper or is that not really the case?

Now that we're kind of dipping our toe in the water, people think their deals are worth more. So, I think that one of the things that's important to us is to get really good at what we're doing, and our team is maturing around that. And I really would like to see another quarter or two of great playbook execution or even this year of great playbook execution. We've got a chart of accounts now. These are really wild, wild west stores that are doing things a million different ways and to bring them in under the umbrella and get them all operating in the same direction is a bit of a lift.

But we're learning how to do that and do that better. We made a small acquisition in the fourth quarter. Probably some opportunities, we got an ad point in Sturgis, we're adding we got a Harley Davidson ad point in Sturgis for the show this year, which is going to be great. That's going to add some extra revenue for us. Typically, we're doing 500, six hundred motorcycles during that Sturgis rally and that's going to go up significantly for this year.

We'll see. We're hopeful that the pan we think the pan is greater. We hope we're hopeful that we can grow this business, but we're being very cautious and not getting in over our heads and being very prudent with the dollars that we have to spend on acquisitions.

Yes. And this is David. It's important to keep in mind that our list of priorities, right? We've got our core business, our franchise business and our EchoPark business and the focus and dollars that it takes to grow those is a big one where we've gotten into powersports, which we think there's a great opportunity there, but we don't want anybody to think we're getting distracted with something else.

Okay. And then a question on EchoPark, I mean, the inventory mix is this year is a trough year at lease returns. Do you need to take the average age of the vehicle mix up this year just to have available supply? And I guess, if you just talked about sort of how much is being sourced internally, you talked about more direct buy versus picking up those $23,000 cars at auction, like where do you see EchoPark's average vehicle being this year?

Yes. So, we've moved from about 12% of our over mix to 20% plus of our overall mix, which is great. And, Tim, you want to add into that?

Yes. I mean, I think the average in '25 is going to continue to get better as the year goes on, but I think it's going to fall in that twenty four thousand range. We'd like to see it go lower. We don't know what the post COVID normal is look like. We know it was '21 at our peak.

So somewhere between '21 and '24 is a sweet spot and that's where we're looking for it to go.

I don't think we have to change our mix in terms of year age though. We did that in 2023 and 2024, but I don't think we need to do that in 2025. We've got enough there's plenty of inventory out there to support 17 stores that we have. That's not an issue as we prove that at the end of the third quarter by having too much inventory and being a little bit aggressive there. So we're not really concerned about being able to buy and handle and support, in particular in the zero to or one to five year old category throughout this year.

And that's only going to get better as affordability gets better, lease returns start to come back next year. All these things really play into our hand as we move forward. If we're patient and that's the thing, I just think if you look at '25 at EchoPark, it's very similar to '24 with operational improvements in stores that weren't making money. We're going to make a little more money. I think we guided to 30 to 33 somewhere in that ballpark in EBITDA, do a little more volume, continue to execute really well and really prep ourselves for beginning to open stores in 2026.

Thank you. Next question is coming from Jeff Flake from Stephens. Your line is now live.

Good morning. Thanks for taking our question. I wanted to ask a question that maybe kind of bridges or brings together your franchise business and EchoPark. First part is, I was wondering how much of the Q4 the 4Q franchise, the new business do you think was due to kind of pent up demand from 2Q and 3Q? Like just curious how much how sustainable do you think that's going through?

And then as it relates to EchoPark, I mean, I guess, I was a little surprised to hear you could have too much inventory given availability and affordability was an issue. And as I guess if I look at 4Q for the new business, the new environment, it seems like this was the first quarter where availability and affordability might have been a little better. So I'm just wondering if there's maybe some relationship there where there's some substitute. So just if you could comment on how unique you think 4Q was and what that means for 2025 on the new side then just the relationship as it relates to EchoPark?

Probably some pent up demand on BMW from the stop sales coming out of Q3 going into Q4. We always have big Q4s. I mean, but just because of our luxury mix, we and it all comes down to December and then it all comes down to the last ten days of December and we just go berserk. I don't know if I would draw a correlation between that and what's going on the EchoPark side. It's a different mix, a lot of trades and we mostly sell trades on the franchise side.

We're buying cars some off the street like 20% of our overall mix, mostly from the auction, 80% of the mix. I don't think there's a correlation there. The correlation is as new car inventory day supply increases, which it's doing, prices come down, which we're seeing on Nissan, we're seeing it on Stellantis, two brands that have just been unable to manage their inventory. And we can buy those vehicles back now pre COVID type pricing. But there's still further to go.

Affordability needs to come back down. But there's plenty of inventory. But like I said, I probably couldn't go out and buy enough inventory to supply 50 or 60 stores right now, but we can darn well do it for 17 to 25 stores. That's something that's in our in our Bailey wick. And we want to just watch what happens here over the next six to nine to twelve months before we pull the trigger and open our first location for EchoPark.

This is David. I also think that it being an election year, I think just having some definitive answer on that, I think played into people making decisions about their transportation.

And then maybe just a quick follow-up given you get the whole senior team on. One of the things that's fascinating is when you if you put a blindfold on people and didn't give everyone the ticker symbols and just showed the results, your results look as good or better than some of the other public peers. And a lot of times that is the case throughout the years, but you seem to always trade at a little bit of a discounted multiple. I'm curious how you guys think about that. What do you think maybe you could do to close that gap?

Because it seems like it's at this point an unwarranted gap.

Sonic Automotive (SAH) Q4 2024 Earnings Call Transcript

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