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Sonic Automotive Inc.

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Sonic Automotive’s second-quarter 2016 earnings per share were in line with the
Zacks Consensus Estimate but increased year over year. Revenues in the quarter fell year over year and missed expectations. The company’s extensive merchandise inventory raises concerns. Moreover, a highly competitive industry and fluctuations in foreign exchange rate remain headwinds. The company is also expected to incur a loss from EchoPark this year.

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