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Sonic's Management Discusses Q1 2012 Results - Earnings Call Transcript

Sonic Automotive Inc. (SAH)

Q1 2012 Results Earnings Call

April 23, 2012 11:00 AM ET

Executives

Scott Smith – Co-Founder and President

Dave Cosper – Chief Financial officer

Jeff Dyke – Executive Vice President, Operations

Analysts

John Murphy – Bank of America-Merrill Lynch

Rick Nelson – Stephens

Patrick Archambault – Goldman Sachs

Scott Stember – Sidoti & Company

Brett Hoselton – KeyBanc

Clint Fendley – Davenport

Presentation

Operator

Good morning. And welcome to the Sonic Automotive First 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, Monday, April 23, 2012. Presentation materials which management may -- will be reviewing on the conference call can be accessed on the company’s website at www.sonicautomotive.com, by clicking on the Investor Relations tab under our company and choosing Webcast and Presentations on the left side of the monitor.

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, information or 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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