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Sonic Automotive's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Sonic Automotive, Inc. ( SAH)

Q4 2011 Earnings Call

February 28, 2012; 11:00 am ET


Scott Smith - Co-Founder & President

David Smith - Executive Vice President

Dave Cosper - Chief Financial Officer

Jeff Dyke - Executive Vice President of Operations


Elizabeth Lane - Bank of America

Aditya Oberoi - Goldman Sachs

Rick Nelson - Stephens

Scott Stember - Sidoti & Company

Colin Langan - UBS

John Evans - Edmunds White Partners

Clint Fendley - Davenport



Good morning and welcome to the Sonic Automotive, fourth 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).

Presentation materials which management will be reviewing on the conference call can be accessed on the company’s website at, by clicking on the Investor Relations tab under Our Company 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 financial projections, expectations about the company’s products or market or otherwise make statements about the future. Such statements are forward-looking and subject to a number of risk 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.

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