Sonic Automotive Inc. (NYSE:SAH) on Tuesday reported that it sold record numbers of new and used vehicles last year, driving the Charlotte-based auto dealer group to quarterly earnings figures that topped analysts' expectations. Sonic reported net income of $31.1 million, or 62 cents per diluted share, for the fourth quarter, jumping from $26.1 million, or 50 cents per share, in the same period a year ago. Wall Street had reportedly expected the company to post per-share earnings of 59 cents. Revenue…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/news/2016/02/23/sonic-automotive-zooms-past-sales-records-to-beat.html
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