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October 28 , 2021 Sonic Automotive Sonic Automotive Reports Record Third Quarter Revenues and Earnings Per Share Fifth Consecutive Quarter of Record EchoPark Revenues , Up 72 % Year - Over - Year Pending Acquisition of RFJ Auto Expected to Add $ 3.2 Billion in Annualized Revenues Recently Amended Credit Facilities and Senior Notes Issuance Extend Runway for Further Growth CHARLOTTE , N.C .-- ( BUSINESS WIRE ) -- Sonic Automotive , Inc. ( " Sonic Automotive , " " Sonic " or the " Company " ) ( NYSE : SAH ) , one of the nation's largest automotive retailers , today reported financial results for the third quarter and nine months ended September 30 , 2021 . This press release features multimedia . View the full release here : https://www.businesswire.com/news/home/20211028005315/en/ Key Highlights • Record third quarter revenues of $ 3.1 billion , up 20.6 % year - over - year • Record third quarter income from continuing operations before taxes of $ 112.2 million , up 39.1 % year - over - year • Record third quarter earnings from continuing operations of $ 84.7 million ( $ 1.96 per diluted share ) • Record third quarter selling , general and administrative ( “ SG & A ” ) expenses as a percentage of gross profit of 68.1 % ( 60.1 % on a Franchised Dealerships Segment basis , a decrease of 670 basis points year - over - year ) • All - time record quarterly total Finance & Insurance ( “ F & I ” ) gross profit per retail unit of $ 2,349 , up 21.2 % year - over - year • All - time record quarterly EchoPark revenues of $ 663.3 million , up 72.3 % year - over year • Sonic announced a definitive agreement to acquire RFJ Auto Partners , Inc. ( “ RFJ Auto " ) , a top - 15 U.S. dealer group by total revenues , which is expected to add $ 3.2 billion in revenues on an annualized basis • During the third quarter , Sonic repurchased 0.5 million shares of Class A Common Stock for an aggregate purchase price of $ 24.8 million In October , the Company amended its credit facilities to increase revolver and floor plan commitments from $ 1.8 billion to $ 2.95 billion , in addition to completing an upsized offering of $ 1.15 billion aggregate principal amount of unsecured senior notes due 2029 and 2031 at a blended rate of 4.73 % , with expected use of net proceeds to fund the acquisition of RFJ Auto , the redemption of outstanding notes , and for general corporate purposes , including the repayment of debt