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Sonic Automotive's CEO Discusses Q3 2011 Results - Earnings Call Transcript

Sonic Automotive, Inc. ( SAH)

Q3 2011 Earnings Conference Call

October 25, 2011 11:00 ET

Executives

Scott Smith – President and Co-Founder

Dave Cosper – Chief Financial Officer

Jeff Dyke – Executive Vice President, Operations

Analysts

Mike Kimlat – JPMorgan

Rick Nelson – Stephens

Scott Stember – Sidoti

Colin Langan – UBS

John Murphy – Bank of America/Merrill Lynch

Presentation

Operator

Good morning and welcome to Sonic Automotive Third Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer period. (Operator Instructions) As a reminder, ladies and gentlemen, this call is being recorded today, Tuesday, October 25, 2011.

Presentation materials which management will be reviewing on the conference call can be accessed on the company’s website at www.sonicautomotive.com by clicking on the For Investors tab and choosing Webcast and Presentations.

At this time, I would like to refer to the Safe Harbor statement under the Private Securities Litigation Reform Act of 1995. During this conference call, management may discuss expectations about the company’s products or markets or other make statements about the future. Such statements are forward-looking and subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These risks and uncertainties are detailed in the company’s filings with the Securities and Exchange Commission.

Thank you. I would now like to introduce Mr. Dave Cosper, CFO of Sonic Automotive. Mr. Cosper, you may begin your conference.

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