Sonic Automotive Stock Price, News & Analysis

Sonic Automotive (NYSE:SAH) has acquired four Jaguar Land Rover dealerships from US Auto Trust in California, marking the most valuable JLR sale in automotive retail history. The acquisition includes high-performing dealerships in Los Angeles, Newport Beach, San Jose, and Pasadena.

The transaction positions Sonic as the leading JLR retailer in the US. The dealerships are strategically located in affluent markets, with Land Rover Los Angeles ranking #1 in California and #5 in the US, while Jaguar Land Rover Newport Beach ranks #2 in the US. The deal represents Kerrigan Advisors' 401st franchise sold since 2015.

US Auto Trust will retain ownership of its Aston Martin, Cadillac, and Lotus dealerships in Southern California post-sale. The acquisition leverages California's position as the nation's largest auto retail market, which generated over $150 billion in dealership revenue in 2024.

Sonic Automotive (NYSE:SAH), a Fortune 500 automotive retailer, has become the largest Jaguar Land Rover retail ownership group in the United States following the acquisition of four California dealerships from US Auto Trust. The newly acquired locations include Jaguar Land Rover Los Angeles, Jaguar Land Rover Newport Beach, Jaguar Land Rover San Jose, and Land Rover Pasadena.

The strategic acquisition is expected to generate approximately $500 million in annual revenue and expands Sonic's network to 177 automotive and powersports franchises across 125 locations. The company also operates 18 EchoPark Automotive locations nationwide, which is ranked as the No. 1 used car buying experience in America.

Sonic Automotive (NYSE:SAH) announced its first motorcycle sale at the new Sturgis Harley-Davidson dealership in downtown Sturgis, South Dakota. The company, which acquired Black Hills Harley-Davidson and four sister dealerships in February 2023, received an additional retail franchise point from Harley-Davidson in 2024, marking the first time Harley-Davidson can sell motorcycles in downtown Sturgis in its 85-year history.

The first buyer, Dan Ostermann from Keystone, South Dakota, purchased a 2024 Harley-Davidson® CVO™ Pan America®. To commemorate the 85th Annual Sturgis Motorcycle Rally, the dealership is launching an exclusive Founders Club program limited to the first 85 buyers, offering benefits including serialized challenge coins, commemorative patches, lifetime VIP access, and recognition in the Sturgis Motorcycle Museum & Hall of Fame.

Sonic Automotive (NYSE:SAH) reported strong Q1 2025 financial results with record total revenues of $3.7 billion, up 8% year-over-year, and total gross profit of $566.4 million, up 6%. Net income reached $70.6 million, a 68% increase, with earnings per diluted share of $2.04, up 70%.

The company's EchoPark segment achieved all-time record quarterly performance with gross profit of $63.9 million (up 21%), segment income of $10.3 million (455% improvement), and adjusted EBITDA of $15.8 million (up 116%). Retail used vehicle unit sales volume increased 5% to 18,798 units.

The Board approved a quarterly cash dividend of $0.35 per share, payable July 15, 2025. However, the company updated guidance due to uncertainty around tariff effects on vehicle pricing, inventory levels, and consumer demand.

Sonic Automotive (NYSE:SAH), a Fortune 500 automotive retailer, has scheduled the release of its first quarter 2025 financial results for Thursday, April 24, 2025, before market open at 7:00 A.M. Eastern. The company will host a conference call at 11:00 A.M. Eastern the same day.

Investors can access the earnings materials and presentation through the company's investor relations website at ir.sonicautomotive.com. The conference call can be accessed via webcast or by dialing (877) 407-8289 (domestic) or +1 (201) 689-8341 (international). A replay of the webcast will be available for 14 days following the call.

Sonic Automotive (NYSE:SAH) reported record Q4 2024 results with total revenues of $3.9 billion, up 9% year-over-year. Q4 net income reached $58.6 million ($1.67 per diluted share), up 51% year-over-year.

The Franchised Dealerships Segment achieved record quarterly revenues of $3.4 billion, up 12% year-over-year. The EchoPark Segment showed significant improvement with adjusted EBITDA of $4.2 million, up 146% year-over-year.

For full year 2024, total revenues were $14.2 billion, down 1% year-over-year, with net income of $216.0 million ($6.18 per diluted share), up 21%. The company exceeded its technician hiring goal, adding 335 technicians in 2024. The Board approved a quarterly cash dividend of $0.35 per share, payable April 15, 2025.

Sonic Automotive (NYSE: SAH), a Fortune 500 automotive retailer, has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, February 12, 2025, before market open at 7:00 A.M. Eastern. The company will host a conference call at 11:00 A.M. Eastern the same day to discuss the results.

Investors can access the presentation materials and earnings release through the company's investor relations website at ir.sonicautomotive.com. The conference call can be accessed via webcast through the same website or by telephone at (877) 407-8289 (domestic) or +1 (201) 689-8341 (international). A replay of the webcast will be available for 14 days following the call.

Kerrigan Advisors has facilitated the sale of Audi New Orleans, Louisiana's #1 Audi dealership, from Bohn Brothers Automotive Group to Sonic Automotive (NYSE: SAH). The dealership, located in Metairie's prime automotive market, represents Sonic's first franchised dealership in Louisiana. The sale marks Kerrigan Advisors' 282nd dealership sold, 132nd franchise sold in the Southern region, and 69th luxury franchise sold since 2014.

The Magna Society award-winning Audi New Orleans commands 1/3 of Audi's market share in Louisiana and exceeds the national Audi market share by 16%. The transaction aligns with the trend of large automotive groups acquiring high-volume dealerships, as reported in Kerrigan's Third Quarter 2024 Blue Sky Report.

Sonic Automotive (NYSE:SAH) has announced the acquisition of Audi New Orleans from Bohn Brothers Automotive Group, marking its first franchise automotive location in Louisiana. The dealership, located in Metairie, serves the greater New Orleans area and has been operating since June 2009.

This acquisition represents Sonic's 10th Audi dealership and brings the company's total franchise automotive dealership portfolio to 108 locations nationwide. The deal continues a century-old tradition of automotive sales and service established by George Bohn, Sr. in the New Orleans area. Kerrigan Advisors represented Bohn Brothers Automotive Group in the transaction.