Latest News on SAH

Financial News Based On Company


Advertisement
Advertisement

Sonic Automotive Reports Fourth Quarter and Full Year Financial Results

https://www.businesswire.com/news/home/20260218554758/en/Sonic-Automotive-Reports-Fourth-Quarter-and-Full-Year-Financial-Results
Sonic Automotive announced its financial results for the fourth quarter and full fiscal year ended December 31, 2025. The company achieved all-time record annual revenues of $15.2 billion and record annual gross profit. Despite a dynamic environment, all segments—Franchised Dealerships, EchoPark, and Powersports—contributed to strong performance, with particularly notable improvements in EchoPark's segment income and adjusted EBITDA.

Do Sonic Automotive’s New EPS-Linked Bonuses Reveal a Shift in Strategic Priorities for SAH?

https://www.sahmcapital.com/news/content/do-sonic-automotives-new-eps-linked-bonuses-reveal-a-shift-in-strategic-priorities-for-sah-2026-02-16
Sonic Automotive is adjusting its executive bonus plan for 2026 to link incentives directly to adjusted earnings per share and customer satisfaction, signaling a shift towards increased focus on profitability and service quality amid lower analyst earnings estimates. This change aims to sharpen management's focus on maintaining margins in both traditional dealerships and its EchoPark platform. Investors are advised to consider this new incentive structure when evaluating the company's response to upcoming Q4 2025 earnings and long-term market pressures.

A Look At Sonic Automotive (SAH) Valuation As Earnings Estimates Are Cut Before February 18 Report

https://www.sahmcapital.com/news/content/a-look-at-sonic-automotive-sah-valuation-as-earnings-estimates-are-cut-before-february-18-report-2026-02-15
Analysts have recently trimmed their earnings forecasts for Sonic Automotive (SAH) ahead of its February 18 quarterly report, leading to a renewed focus on its valuation. Despite the share price easing and short-term declines, the company is considered undervalued by approximately 33%, with a fair value of $77.60 against its current $60.11. This valuation is supported by assumptions of steady medium-term growth, particularly from its EchoPark used vehicle platform, although risks from direct-to-consumer competition and EV adoption exist.

Cautious Investors Not Rewarding Sonic Automotive, Inc.'s (NYSE:SAH) Performance Completely

https://www.sahmcapital.com/news/content/cautious-investors-not-rewarding-sonic-automotive-incs-nysesah-performance-completely-2026-02-09
Sonic Automotive's (NYSE:SAH) P/E ratio of 16.4x is lower than the broader U.S. market, despite analyst forecasts predicting 33% annual growth for the company over the next three years, significantly higher than the market's 12%. This disconnect suggests investors are cautious due to a recent 34% decline in profits over the last year and a 60% EPS drop over three years, indicating skepticism about the company's ability to achieve future growth expectations. While the low P/E might suggest a buying opportunity, the article notes that investors are not convinced the company will meet its future growth potential.

At US$61.23, Is Sonic Automotive, Inc. (NYSE:SAH) Worth Looking At Closely?

https://www.sahmcapital.com/news/content/at-us6123-is-sonic-automotive-inc-nysesah-worth-looking-at-closely-2026-01-25
Sonic Automotive, Inc. (NYSE:SAH) appears to be undervalued at its current trading price of US$61.23, with an intrinsic value estimated at $87.24. The company has a bright future outlook, with profits expected to more than double in the coming years, which should lead to higher cash flow and share valuation. This analysis suggests it may be a good time for both current shareholders to increase holdings and potential investors to consider buying SAH before its growth is fully factored into the share price.
Advertisement

Assessing Sonic Automotive (SAH) Valuation As EchoPark Concerns And Used Car Normalization Add Pressure

https://www.sahmcapital.com/news/content/assessing-sonic-automotive-sah-valuation-as-echopark-concerns-and-used-car-normalization-add-pressure-2026-01-09
This article evaluates Sonic Automotive (SAH) amidst concerns regarding EchoPark's profitability and the normalization of the used car market. Despite a recent short-term decline, the stock has shown substantial long-term gains. Simply Wall St assesses SAH as 17.5% undervalued, with a fair value of $78.10, driven by its dealership portfolio optimization and strong performance in growth markets.

Sonic Automotive, Inc. (NYSE:SAH) Receives Average Recommendation of "Hold" from Analysts

https://www.marketbeat.com/instant-alerts/sonic-automotive-inc-nysesah-receives-average-recommendation-of-hold-from-analysts-2026-01-04/
Sonic Automotive, Inc. (NYSE:SAH) has received an average "Hold" recommendation from ten brokerages, with an average 12-month target price of $80.25. The company recently reported mixed Q3 results, missing EPS estimates but exceeding revenue expectations, and declared a quarterly dividend of $0.38 per share. Institutional investors have shown increased activity, with some boosting their holdings in SAH.

Sonic Automotive, Inc. (NYSE:SAH) Q3 2025 Earnings Call Transcript

https://www.msn.com/en-us/money/other/sonic-automotive-inc-nyse-sah-q3-2025-earnings-call-transcript/ar-AA1P7047?ocid=BingNewsVerp
This is likely a placeholder or an error in the input given that the input for "Content" is "MSN" and there is no actual content provided to summarize. Therefore, a meaningful summary is not possible based on the provided information.

Sonic Automotive (SAH): Revisiting Valuation After Recent Share Price Rebound

https://www.sahmcapital.com/news/content/sonic-automotive-sah-revisiting-valuation-after-recent-share-price-rebound-2025-12-11
Sonic Automotive (SAH) has seen a recent share price rebound of 7% over the past month, offsetting a previous 16.59% decline. Despite this volatility, the stock shows strong long-term returns and is considered by one narrative to be undervalued by 14.7% at $66.60 compared to a fair value near $78. This valuation is supported by the expected growth of its EchoPark used vehicle platform due to increased access to lease returns.

Sonic Automotive to regrow, revise EchoPark network

https://www.wardsauto.com/news/sonic-automotive-echopark-used-vehicles-rebuild/806677/
Sonic Automotive is preparing to rebuild its EchoPark network of used-only dealerships with a revised strategy focusing on conservative growth and sourcing inventory from its franchised new-vehicle dealerships. President Jeff Dyke explained that the company closed many EchoPark locations due to a shortage of late-model used cars and high prices post-COVID, but market conditions are improving with recovering lease returns and growing used-car demand. The new approach will emphasize building cheaper, simpler facilities and integrating inventory sourcing from Sonic's new-car stores.
Advertisement

Investors Met With Slowing Returns on Capital At Sonic Automotive (NYSE:SAH)

https://www.sahmcapital.com/news/content/investors-met-with-slowing-returns-on-capital-at-sonic-automotive-nysesah-2025-12-01
Sonic Automotive (NYSE:SAH) has shown a consistent 16% Return On Capital Employed (ROCE) over the last five years, a satisfactory return that's better than the Specialty Retail industry average of 13%. While the company has reinvested capital steadily, increasing capital employed by 74%, the returns have remained stable rather than growing. Despite the moderate ROCE, shareholders have seen a respectable 57% return, indicating that the positive underlying trends have been recognized by investors.

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sonic Automotive, Inc. - SAH

https://www.louisianafirstnews.com/business/press-releases/accesswire/1099861/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-sonic-automotive-inc-sah
Pomerantz LLP is investigating potential claims against Sonic Automotive, Inc. (NYSE: SAH) and its officers/directors for securities fraud or unlawful business practices, following a significant decline in the company's stock price. This decline occurred after Sonic Automotive reported a 33% drop in net income for Q3 2025, attributed to increased medical expenses and a higher tax rate. Investors are encouraged to contact the law firm to learn more about joining a potential class action.

Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Sonic Automotive, Inc. (SAH) and Encourages Shareholders to Learn More About the Investigation

https://www.news10.com/business/press-releases/accesswire/1091674/bronstein-gewirtz-grossman-llc-announces-an-investigation-against-sonic-automotive-inc-sah-and-encourages-shareholders-to-learn-more-about-the-investigation
Bronstein, Gewirtz & Grossman, LLC has launched an investigation into Sonic Automotive, Inc. (NYSE:SAH) following a 33% decline in net income reported for Q3 2025. This drop, attributed to increased medical expenses and a higher income tax rate, led to a 15.88% fall in the company's stock price on October 23, 2025. The firm is encouraging shareholders who purchased Sonic Automotive securities to join their investigation.

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sonic Automotive, Inc. - SAH

https://fox40.com/business/press-releases/accesswire/1099862/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-sonic-automotive-inc-sah
Pomerantz LLP is investigating potential securities fraud claims against Sonic Automotive, Inc. following a significant drop in its stock price. This investigation comes after the company reported a 33% decline in net income for the third quarter of 2025, attributed to increased medical expenses and a higher income tax rate. Investors who may have been affected are encouraged to contact the law firm.

Sonic Automotive Reports Third Quarter 2025 Financial Results

https://www.businesswire.com/news/home/20251023658260/en/Sonic-Automotive-Reports-Third-Quarter-2025-Financial-Results
Sonic Automotive, Inc. reported all-time record quarterly consolidated revenues of $4.0 billion (up 14% year-over-year) and gross profit of $615.5 million (up 13% year-over-year) for the third quarter of 2025. Despite these records, reported net income decreased 37% year-over-year to $46.8 million, primarily due to increased medical expenses and a higher effective income tax rate. The company's Powersports Segment achieved all-time record quarterly revenues and adjusted EBITDA, and leadership highlighted strategic acquisitions and continued focus on enhancing customer experience across segments.
Advertisement

Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Sonic Automotive, Inc. (SAH) and Encourages Shareholders to Learn More About the Investigation

https://www.wric.com/business/press-releases/accesswire/1091674/bronstein-gewirtz-grossman-llc-announces-an-investigation-against-sonic-automotive-inc-sah-and-encourages-shareholders-to-learn-more-about-the-investigation
Bronstein, Gewirtz & Grossman, LLC has launched an investigation into Sonic Automotive, Inc. (NYSE: SAH) following a significant decline in its net income and stock price. The company reported a 33% drop in net income for the third quarter of 2025, primarily due to increased medical expenses and a higher effective income tax rate. Shareholders who purchased Sonic Automotive securities are encouraged to learn more and potentially assist in the investigation.

Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Sonic Automotive, Inc. (SAH) and Encourages Shareholders to Learn More About the Investigation

https://www.cbs42.com/business/press-releases/accesswire/1091674/bronstein-gewirtz-grossman-llc-announces-an-investigation-against-sonic-automotive-inc-sah-and-encourages-shareholders-to-learn-more-about-the-investigation
Bronstein, Gewirtz & Grossman, LLC has launched an investigation into potential claims against Sonic Automotive, Inc. (SAH) after the company reported a significant decline in net income for the third quarter of 2025, leading to a 15.88% drop in stock price. The firm is encouraging investors who purchased Sonic Automotive securities to learn more and assist in the investigation. The net income decline was attributed to increased medical expenses and a higher effective income tax rate.

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sonic Automotive, Inc. - SAH

https://www.prnewswire.com/news-releases/investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-sonic-automotive-inc---sah-302596712.html
Pomerantz LLP is investigating potential securities fraud claims against Sonic Automotive, Inc. (NYSE: SAH) following a significant 33% decline in net income reported for Q3 2025. This drop, attributed to increased medical expenses and a higher effective income tax rate, led to a 15.88% fall in the company's stock price on October 23, 2025. Investors who suffered losses are encouraged to contact the firm regarding involvement in a potential class action.

Bronstein, Gewirtz & Grossman, LLC Is Investigating Sonic Automotive, Inc. (SAH) And Encourages Investors to Connect

https://fox59.com/business/press-releases/accesswire/1091670/bronstein-gewirtz-grossman-llc-is-investigating-sonic-automotive-inc-sah-and-encourages-investors-to-connect
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sonic Automotive, Inc. (NYSE:SAH) after the company reported a significant decline in net income for Q3 2025, which led to a 15.88% drop in its stock price. Investors affected by this decline are encouraged to contact the firm for more information regarding the investigation.

SAH Investors Have Opportunity to Join Sonic Automotive, Inc. Fraud Investigation with the Schall Law Firm

https://markets.financialcontent.com/lightport.lightport1/article/bizwire-2025-11-1-sah-investors-have-opportunity-to-join-sonic-automotive-inc-fraud-investigation-with-the-schall-law-firm
The Schall Law Firm has announced an investigation into Sonic Automotive, Inc. (NYSE: SAH) for potential securities law violations. This investigation follows a 33% decline in Sonic's net income reported in Q3 2025, which led to a nearly 15.9% drop in share price. The firm is inviting investors who suffered losses to participate in the fraud inquiry.
Advertisement

INVESTOR ALERT: Investigation of Sonic Automotive, Inc. (SAH) Announced by Holzer & Holzer, LLC

https://www.news10.com/business/press-releases/globenewswire/9564083/investor-alert-investigation-of-sonic-automotive-inc-sah-announced-by-holzer-holzer-llc
Holzer & Holzer, LLC has announced an investigation into Sonic Automotive, Inc. (NYSE: SAH) regarding potential violations of federal securities laws. This follows Sonic Automotive's Q3 2025 financial results, which reported a 37% year-over-year decrease in net income, attributed to increased medical expenses and a higher effective income tax rate, leading to a drop in the company's stock price. Shareholders who experienced losses are encouraged to contact Holzer & Holzer to discuss their legal rights.

Earnings call transcript: Sonic Automotive Q3 2025 misses EPS forecast, stock falls

https://www.investing.com/news/transcripts/earnings-call-transcript-sonic-automotive-q3-2025-misses-eps-forecast-stock-falls-93CH-4305522
Sonic Automotive Inc. reported Q3 2025 adjusted EPS of $1.41, missing analyst expectations of $1.74, causing its stock to fall 15.2%. Despite the EPS miss, the company surpassed revenue forecasts at $4 billion. Key takeaways include robust revenue growth, increased EV sales, and strategic plans for future growth in its franchise dealerships, EchoPark, and Power Sports segments, while navigating challenges like rising medical expenses and a slowdown in the luxury vehicle market.

Sonic Automotive Q2 2025 slides: record EchoPark EBITDA drives 49% EPS growth - Investing.com Canada

https://ca.investing.com/news/company-news/sonic-automotive-q2-2025-slides-record-echopark-ebitda-drives-49-eps-growth-93CH-4245760
This article indicates an application error preventing the content from loading. Therefore, no information regarding record EchoPark EBITDA or 49% EPS growth for Sonic Automotive in Q2 2025 can be extracted or summarized. The title suggests positive financial performance for the company.

Earnings call transcript: Sonic Automotive Q2 2025 sees 49% EPS surge - Investing.com

https://www.investing.com/news/transcripts/earnings-call-transcript-sonic-automotive-q2-2025-sees-49-eps-surge-93CH-4287129
This document appears to be an error page from Investing.com, stating that a client-side exception occurred while loading the content related to Sonic Automotive's Q2 2025 earnings call transcript. As such, no actual article content or financial details are available.

Sonic Automotive Schedules Release of Third Quarter 2025 Financial Results

https://finance.yahoo.com/news/sonic-automotive-schedules-release-third-104500788.html
Sonic Automotive, Inc. announced it will release its fiscal 2025 third-quarter financial results on Thursday, October 23, 2025, by 7:00 A.M. (Eastern). Senior management will host a conference call at 11:00 A.M. (Eastern) on the same day. Investors can access the presentation and earnings press release on the company's website, and a webcast replay will be available for 14 days following the call.
Advertisement

Sonic Powersports Shatters Sales Records at 85th Sturgis Rally

https://www.motorcyclepowersportsnews.com/sonic-powersports-shatters-sales-records-85th-sturgis-rally/
Sonic Powersports, a division of Sonic Automotive Inc. (NYSE: SAH), announced record-breaking sales and rider engagement at the 85th Sturgis Motorcycle Rally. Operating five Harley-Davidson dealerships in the Black Hills, including Sturgis Harley-Davidson and Black Hills Harley-Davidson, the company sold over 1,100 motorcycles and achieved unprecedented demand in parts, service, and merchandise. This performance solidified Black Hills Harley-Davidson as the top dealership in combined new and used motorcycle sales in America, showcasing Sonic Powersports' growing influence in the Harley-Davidson community.

What Sonic Automotive (SAH)'s Federal Securities Probe After Q3 Earnings Drop Means For Shareholders

https://www.sahmcapital.com/news/content/what-sonic-automotive-sahs-federal-securities-probe-after-q3-earnings-drop-means-for-shareholders-2025-11-10
Levi & Korsinsky are investigating Sonic Automotive for potential federal securities law violations following a 33% decline in net income in Q3 2025 earnings. Despite the probe, the company affirmed its quarterly dividend, signaling management's confidence in cash flow. The investigation adds uncertainty to Sonic Automotive's outlook, which predicts $17.5 billion in revenue and $310.7 million in earnings by 2028.

SONIC POWERSPORTS SHATTERS SALES RECORDS AT THE 85TH STURGIS MOTORCYCLE RALLY

https://ir.sonicautomotive.com/news-events/press-releases/detail/335/sonic-powersports-shatters-sales-records-at-the-85th
Sonic Powersports, a division of Sonic Automotive, announced record-breaking sales at the 85th Annual Sturgis Motorcycle Rally through its five Black Hills Harley-Davidson dealerships. The company sold over 1,100 motorcycles, with Black Hills Harley-Davidson becoming the No. 1 dealership in combined new and used motorcycle sales nationwide. This performance underscores Sonic Powersports' growing influence and sets a high bar for future rallies, reflecting strong rider engagement and strategic execution.

Major Auto Retail Digital Transformation: NETSOL to Power Sonic Automotive's EchoPark Customer Experience

https://www.stocktitan.net/news/NTWK/netsol-chosen-by-sonic-automotive-to-power-next-gen-digital-retail-l0vuvc6vi2p1.html
NETSOL Technologies has been selected by Sonic Automotive to lead a discovery engagement for developing a next-generation digital retail platform, leveraging NETSOL's Transcend Retail platform. This partnership aims to enhance customer experience and dealer operations across Sonic's EchoPark Automotive operations by unifying workflows and enabling deeper system integration. The collaboration seeks to create a future-state blueprint for a technology-driven retail experience, reflecting a broader industry trend toward digital-first strategies.

NETSOL Chosen by Sonic Automotive to Power Next-Gen Digital Retail Experience

https://finance.yahoo.com/news/netsol-chosen-sonic-automotive-power-130300732.html
NETSOL Technologies has been selected by Sonic Automotive to develop a next-generation omnichannel digital retail platform using NETSOL's Transcend Retail. This partnership aims to enhance customer experience and dealer operations for Sonic Automotive's EchoPark Automotive through a scalable, technology-driven retail experience. The engagement will define requirements and a roadmap, leveraging existing technology and aiming for unified workflows and deeper system integration.
Advertisement

Daily 5 report for Aug. 7: Why dealership groups ratcheted up service and parts business in Q2

https://www.autonews.com/retail/service-and-parts/an-daily5-intro-dealers-service-business-0807/
All six U.S. public auto retailers increased their same-store service and parts revenue and gross profit in the second quarter. The article highlights this growth and includes related stories about EV market shifts, Ford's potential joint ventures with China, GM's output in Korea, and Mercedes' sales goals.

Sonic Automotive Has Growth Drivers in New and Used Vehicles, and Powersports

https://www.morningstar.com/company-reports/1306943-sonic-automotive-has-growth-drivers-in-new-and-used-vehicles-and-powersports
Sonic Automotive is expanding its business beyond traditional franchise auto dealerships by focusing on omnichannel sales for new and used vehicles. The company is streamlining the car-buying process to be nearly paperless and quicker for customers. Additionally, Sonic Automotive is developing a powersports segment, initially concentrating on motorcycle dealerships like Harley-Davidson, with plans for further acquisitions.

Sonic Automotive (SAH): Company Profile, Stock Price, News, Rankings

https://fortune.com/company/sonic-automotive/
This article provides a company profile for Sonic Automotive (SAH), highlighting its operations as one of the largest automotive retailers in the U.S. It details the company's extensive network of dealerships, its specialization in new and used vehicle sales, and its rapidly growing EchoPark Automotive brand. The profile also mentions Sonic's commitment to customer experience through its "One Sonic One Experience" approach and includes sections for key financials, stock information, and Fortune rankings.

Sonic Automotive (NYSE:SAH) Has No Shortage Of Debt

https://www.sahmcapital.com/news/content/sonic-automotive-nysesah-has-no-shortage-of-debt-2025-05-30
Sonic Automotive (NYSE:SAH) carries significant debt, reporting US$3.45 billion in debt by March 2025, offset by US$429.6 million in cash, resulting in a net debt of US$3.03 billion. The company's liabilities significantly outweigh its assets, and its interest cover ratio is very weak at 2.4, indicating high leverage and potential difficulty in managing debt payments, especially given a 3.8% decrease in EBIT over the last year. Ultimately, the article suggests Sonic Automotive has too much debt, posing a notable risk for investors.

Sonic Automotive Q1 net income up on cyber insurance payout, but 2025 guidance adjusted for tariffs

https://www.autonews.com/retail/an-sonic-automotive-reports-q1-earnings-0424/
Sonic Automotive reported an increase in Q1 net income, partly due to a cyber insurance payout. However, the company has adjusted its 2025 financial guidance (forecast) to account for anticipated tariffs. This adjustment reflects the broader economic impact of trade policies on the automotive sector.
Advertisement

Amazon Autos wants to sell used cars—here’s what it can’t screw up

https://news.dealershipguy.com/p/amazon-autos-wants-to-sell-used-cars-here-s-what-it-can-t-screw-up-2025-03-27
Amazon Autos is planning to expand its platform to include used car sales, building on its existing partnership with Hyundai for new car sales. The article highlights three critical non-negotiables for Amazon to succeed in this venture while aligning customer experience with dealer profitability: preserving dealer F&I profits, reinforcing the value of used car listings beyond just price, and minimizing dealer exposure to return policies. The success hinges on Amazon understanding and supporting the complex mechanics that make used car retailing profitable for dealerships.

Sonic Automotive net income jumps in Q4 amid record revenue

https://www.autonews.com/retail/an-sonic-releases-q4-earnings/
Sonic Automotive reported a significant increase in net income for Q4, reaching $58.6 million, alongside record revenue. This financial boost was highlighted following their acquisition of Audi New Orleans. The article also touches upon broader automotive industry concerns for 2026, including affordability, shifts in EV technology, and sales records.

Sonic Automotive adds first franchised dealership in Louisiana

https://www.autonews.com/retail/mergers-acquisitions/an-sonic-buys-audi-store/
Sonic Automotive has acquired Audi New Orleans in Metairie, La., marking its first franchised dealership in Louisiana. The brothers Scott, Donny, and Van Bohn sold the dealership to Sonic Automotive. It is not yet clear if the store will undergo a name change.

Texas EchoPark store gets bigger with move to new ‘experience center’

https://www.autoremarketing.com/ar/retail/texas-echopark-store-gets-bigger-with-move-to-new-experience-center/
Sonic Automotive has moved its EchoPark Houston Southwest Freeway used-car store to a new, larger 16,825-square-foot “experience center” in Stafford, Texas. This move provides space for more inventory, with 50% priced under $25,000, reflecting EchoPark's recent success as Sonic's most successful segment. Additionally, Sonic expanded its powersports division by acquiring two motorcycle dealerships in North Carolina.

EchoPark Automotive Expands Houston Southwest Freeway Experience Center

https://www.businesswire.com/news/home/20241205819808/en/EchoPark-Automotive-Expands-Houston-Southwest-Freeway-Experience-Center
EchoPark Automotive, a subsidiary of Sonic Automotive, has relocated and expanded its Houston Southwest Freeway Experience Center to a larger, state-of-the-art facility in Stafford, Texas, offering more inventory and an enhanced shopping experience. The new 16,825-square-foot center officially opened on December 2, 2024, providing Houston-area residents with a wider selection of high-quality pre-owned vehicles. To celebrate the grand opening, EchoPark is offering guests no payments for 90 days on select inventory until the end of the year.
Advertisement

Sonic Automotive reports $30M loss from CDK cyberattack in SEC filing

https://www.repairerdrivennews.com/2024/08/08/sonic-automotive-reports-30m-loss-from-cdk-cyberattack-in-sec-filing/
Sonic Automotive estimates a $30 million loss from the recent CDK cyberattack, as reported in an 8-K SEC filing. This loss, primarily due to operational disruptions and excess compensation expenses, negatively impacted their second-quarter GAAP income before taxes and diluted earnings per share. Other automotive groups like AutoNation and Asbury Automotive also reported significant financial impacts from the same cyberattack.

CDK cyberattack stalls industry as car dealers disclose widespread impacts

https://www.cybersecuritydive.com/news/cdk-cyberattack-car-dealers/719633/
A cyberattack targeting CDK Global, a software provider for over 15,000 North American car dealers, has caused widespread disruption, leading at least five publicly traded car dealership groups to file disclosures with the SEC. The companies, including Sonic Automotive, Penske Automotive Group, Autonation, Group 1 Automotive, and Lithia Motors, are using workarounds to minimize impact while CDK expects to restore systems within days. This incident highlights the significant downstream effects cyberattacks on single software vendors can have across an industry.

Dealer group news: Sonic’s new chief marketing officer & more

https://www.autoremarketing.com/ar/retail/dealer-group-news-sonics-new-chief-marketing-officer-more/
Rachel Richards, Sonic Automotive's first chief marketing officer, is retiring, and Dino Bernacchi will succeed her. Bernacchi, formerly CMO of EchoPark Automotive, will now lead marketing for Sonic's franchise dealership business, EchoPark, and Sonic Powersports. Additionally, Zeigler Auto Group announced the relocation and renaming of its Merrillville Subaru dealership to Zeigler Subaru of Schererville.

Toyota of Fort Worth Constructing New Complex on the West Loop

https://fortworthinc.com/news/toyota-of-fort-worth-constructing-new-complex-on-the-west-lo/
Toyota of Fort Worth is constructing a new 82,000-square-foot complex on the West Loop at a cost of $19 million. Construction is scheduled to begin on April 1 and conclude by October 31, 2025. VLK Architects of Fort Worth is the architect for the project, which is part of the Doherty Automotive Group.

Sonic Automotive Reports Fourth Quarter and Full Year Financial Results

https://ir.sonicautomotive.com/news-events/press-releases/detail/314/sonic-automotive-reports-fourth-quarter-and-full-year
Sonic Automotive reported its fourth quarter and full-year 2023 financial results, achieving all-time record annual revenues of $14.4 billion. The EchoPark segment is anticipated to reach breakeven adjusted EBITDA in Q1 2024, demonstrating improved performance and strategic adjustments. The company also announced a quarterly cash dividend of $0.30 per share and highlighted its strong liquidity position for future endeavors.
Advertisement

Longtime Speedway Motorsports, Sonic Automotive exec a driving force for two prominent Charlotte companies

https://www.bizjournals.com/charlotte/news/2023/07/20/cbj-cfo-of-the-year-awards-bill-brooks-speedway.html
Bill Brooks, a longtime executive for both Speedway Motorsports and Sonic Automotive, has been named the Lifetime Achievement Award recipient in the Charlotte Business Journal's CFO of the Year Awards program for 2023. Brooks' career highlights and continued interest in his work will be featured in an interview. He is recognized for his significant contributions to two prominent Charlotte companies.

Charlotte-based Sonic Automotive shutting 8 stores, buy centers

https://www.qcnews.com/news/charlotte-based-sonic-automotive-shutting-8-stores-buy-centers/
Charlotte-based Sonic Automotive is closing eight stores and additional delivery and buy centers due to the scarce pre-owned car market, supply chain issues, low inventory, and inflation. The company announced it will focus on its EchoPark brand and improving its financials. Sonic Automotive is one of the largest auto dealers in the country.

EchoPark Automotive Establishes Itself as a Major Player With Selection of VaynerMedia as Fully Integrated Agency of Record

https://www.businesswire.com/news/home/20220810005077/en/EchoPark-Automotive-Establishes-Itself-as-a-Major-Player-With-Selection-of-VaynerMedia-as-Fully-Integrated-Agency-of-Record
EchoPark Automotive has selected VaynerMedia as its fully integrated agency of record, a partnership designed to provide full creative, strategic, analytical, social, and media services. This collaboration aims to broaden EchoPark’s cultural relevance and engage new audiences as the brand expands its advertising and marketing capabilities, supporting its growth trajectory to reach 90% of the U.S. car-buying population by 2025. VaynerMedia will apply its volume-based content model, the Vayner Volume Model, holding itself accountable for business results.

CEO David Smith named chairman of Sonic Automotive; former CEO Scott Smith returns to board

https://www.autonews.com/executives/ceo-david-smith-named-chairman-sonic-automotive-former-ceo-scott-smith-returns-board/
David Smith, the current CEO of Sonic Automotive, has also been appointed as the company's chairman. In a related move, former CEO Scott Smith will be returning to the company's board of directors. This announcement details changes in the leadership structure at Sonic Automotive.

Sonic Automotive CEO David Smith succeeds his late father as board chairman

https://www.bizjournals.com/triad/news/2022/07/31/david-smith-sonic-automotive-chairman.html
David Smith, CEO of Sonic Automotive Inc., has been elected as the chairman of the Fortune 500 company's board of directors. He succeeds his late father, Bruton Smith, in this role. The appointment follows the passing of Bruton Smith, a motorsports mogul and NASCAR track pioneer.
Advertisement
Advertisement
Advertisement
Advertisement

Sign Up free to view live trades and discussion forum to make more informed financial decisions. No credit card is required for sign up!
View Daily Trades
Join Discussion

Advertisement
Advertisement
Advertisement
Advertisement