CDK outage doesn’t stop EchoPark’s rise as Sonic Automotive’s star
File photo of EchoPark location. Photo credit: Sonic Automotive.
File photo of EchoPark location. Photo credit: Sonic Automotive.
CDK or no CDK, EchoPark kept going full speed ahead in the second quarter of 2024.
Sonic Automotive’s used-car stores had another stellar performance, posting quarterly adjusted EBITDA of $7.2 million – a second-quarter record and just short of the record $7.3 million of Q1 – which chairman and CEO David Smith said was “ahead of our previous guidance for a seasonally lighter second quarter, despite headwinds from the CDK outage at the end of June.”
In Sonic’s earnings call for the quarter ending June 30, Smith ran through EchoPark’s encouraging numbers for Q2, including ...
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