Sonic Automotive, one of the largest car retailers in the world, reported an earnings beat but missed on revenue in the third quarter.

For the third quarter, the auto retailer reported earnings-per-share (EPS) of $1.29, beating analysts’ estimates of $1.14 a share.

The company reported a net income of $59.8 million, or $1.35 per diluted share, for the third quarter, compared to a net income of $29 million, or 66 cents a share, for the third quarter last year.

The company reported a gross profit of $376.6 million for the quarter and consolidated revenue of $2.5 billion. Revenue for the third quarter last year was at $2.7 billion. Analysts had expected $2.58 billion in revenue.

The company cited record EchoPark revenue and expansion and record unit sales volume as reasons for the record quarter. EchoPark sells previously-owned vehicles that are still under a manufacturer’s warranty.

Total vehicle revenue for EchoPark locations rose 23.8 percent from the same quarter last year, with unit sales volume increasing 14.5 percent compared to the previous year.

The closely-followed same franchised store revenues were down 5.6 percent compared to the third quarter of 2019, but gross profit was up 1.5 percent.

In the earnings call, Jeff Dyke, President of Sonic Automotive, said he expects the company to see record growth for 2021 due to EchoPark revenues.

Dyke also said the company on track with its 140-plus expansion plan for EchoPark locations throughout the United States by 2025. Dyke said EchoPark revenues altogether are still on the way to reach $14 billion by 2025.

Dyke said the company had learned a great deal from consumer data on the car-buying experience’s evolving preferences for customers.

According to the executive, “15 to 17 percent of customers are now shopping the car inventory online, but the customer still wants to come into the store to test drive the car and see the physical features of the car.”

The company also announced two new executives on the earnings call: Steve Wittman as its chief digital retail officer and Stephen Conrad as vice president of e-commerce. Dyke said the two executives would help develop the omnichannel business as interest continues to grow in a hybrid car-buying approach.

The company did not comment on the status of current CEO David Bruton Smith, who was arrested on Oct. 5 on a felony charge of assault by strangulation and two misdemeanors, including an assault on a female and false imprisonment, according to a report from the Charlotte Mecklenburg Police Department’s website. Smith was not on the earnings call.

Shares of Sonic (SAH) have added about 19.5 percent for the year. The stock ended Friday at $36.06, down 68 cents, of 1.85 percent.