Sonic Automotive's Management Discusses Q2 2012 Results - Earnings Call Transcript

Sonic Automotive, Inc. (SAH)

Q2 2012 Earnings Conference Call

July 23, 2012 11:00 AM ET

Executives

David Smith - Executive Vice President, Director

David Cosper - Vice Chairman, Chief Financial Officer

Jeff Dyke - Executive Vice President, Operations

Analysts

Rick Nelson – Stephens

Brett Hoselton – KeyBanc

Colin Langan – UBS

Scott Stember - Sidoti & Company

Clint Fendley – Davenport

John Murphy – Bank of America Merrill Lynch

Presentation

Operator

Good morning and welcome to the Sonic Automotive’s Second 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, July 23, 2012. 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 Investor Relations tab under our company and choosing Webcast and Presentations on the right side of the page.

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 those 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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