Sonic Automotive (SAH) 8-K Earnings (loss) and shares

Exhibit 99.1

Sonic Automotive, Inc.

Results of Operations (Unaudited)

	Three Months Ended March 31, 2016
			Income (Loss)					Income (Loss)
			From Continuing					From Discontinued
			Operations					Operations						Net Income (Loss)
	Weighted					Per					Per						Per
	Average					Share					Share						Share
	Shares		Amount			Amount		Amount			Amount			Amount			Amount
	(In thousands, except per share amounts)
Reported:
Earnings (loss) and shares		46,950	$	14,464				$	160					$	14,624
Effect of participating securities:
Non-vested restricted stock				(6	)				—						(6	)
Basic earnings (loss) and shares		46,950	$	14,458		$	0.31	$	160		$	—		$	14,618		$	0.31
Effect of dilutive securities:
Stock compensation plans		172
Diluted earnings (loss) and shares		47,122	$	14,458		$	0.31	$	160		$	—		$	14,618		$	0.31
Adjustments (net of tax):
Storm damage and other			$	3,698		$	0.08	$	(320	)	$	(0.01	)	$	3,378		$	0.07
Total adjustments			$	3,698		$	0.08	$	(320	)	$	(0.01	)	$	3,378		$	0.07
Adjusted:
Earnings (loss) and diluted earnings (loss) per share (1)			$	18,162		$	0.39	$	(160	)	$	(0.01	)	$	18,002		$	0.38

(1) Net loss attributable to EchoPark^® operations was $0.05 per fully diluted share in the three months ended March 31, 2016.

	Reported Three Months Ended March 31, 2016			Forecast Three Months Ending March 31, 2017
				Low		High
	(In thousands, except per share amounts)
Diluted earnings per share from continuing operations	$	0.31		$	0.22	$	0.26
Net income	$	14,624		$	9,876	$	11,672
Non-floor plan interest expense		11,910			12,018		13,018
Depreciation and amortization		22,220			24,155		25,155
Income tax expense		9,271			6,381		7,541
(Gain) loss on disposal of dealerships		48			—		—
(Gain) loss on exit of leased dealerships		(409	)		87		287
Adjusted EBITDA	$	57,664		$	52,517	$	57,673