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Sonic Automotive, Inc. - SAH STOCK NEWS

Welcome to our dedicated page for Sonic Automotive news (Ticker: SAH), a resource for investors and traders seeking the latest updates and insights on Sonic Automotive stock.

Sonic Automotive, Inc. (SAH) is a leading player in the US automotive retail industry. As a Fortune 500 company and a member of the Russell 2000 Index, Sonic operates over 100 dealerships across 18 states, primarily in major metropolitan areas including California, Texas, and the Southeast. The company’s dealerships offer a broad range of services, including the sale of both new and used cars and light trucks, replacement parts, vehicle maintenance, warranty services, paint and collision repair, and the arrangement of extended warranty contracts, financing, and insurance options for customers.

Sonic's portfolio features approximately 30 different automotive brands, with a strong focus on luxury and import brands. Notably, Honda, BMW, Mercedes, and Toyota contribute about 58% of the company’s new-vehicle revenue, with BMW alone accounting for roughly 25%.

Beyond traditional dealerships, Sonic Automotive also owns 25 EchoPark used-vehicle stores, 16 collision centers, and 13 powersports locations. EchoPark has been a significant growth driver, contributing $2.4 billion to the company's $14.4 billion in revenue for 2023.

Sonic Automotive's commitment to excellence extends beyond sales. The company emphasizes delivering an outstanding automotive experience with professionalism, integrity, and enthusiasm. This dedication is evident in their industry-leading customer service and comprehensive automotive solutions.

In December 2021, Sonic expanded its footprint by acquiring RFJ Auto for $3.2 billion, bolstering its market position and increasing its revenue streams.

Stay updated with Sonic Automotive’s latest news and developments, ranging from new dealership openings to financial performance updates.

News

Sonic Automotive Reports First Quarter Financial Results

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Sonic Automotive reported its first quarter 2024 financial results, with total revenues of $3.4 billion, down 3% year-over-year. The EchoPark segment achieved an all-time record quarterly adjusted EBITDA of $7.3 million, exceeding the target for breakeven. The company repurchased approximately 0.5 million shares of its Class A Common Stock for $27.0 million. The Franchised Dealerships Segment saw same store revenues up 1% and same store retail new vehicle unit sales volume up 5%. The Powersports Segment had a 19% revenue decrease and a loss of $2.3 million. Sonic's Board of Directors approved a quarterly cash dividend of $0.30 per share.
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Sonic Automotive Schedules Release of 2024 First Quarter Financial Results

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Sonic Automotive, Inc. announces the release of fiscal 2024 first quarter financial results with a conference call for investors. The webcast and earnings press release will be available on the company's website.
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Sonic Automotive Reports Fourth Quarter and Full Year Financial Results

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Sonic Automotive, Inc. reports record annual revenues of $14.4 billion for 2023, with EchoPark segment expected to achieve breakeven adjusted EBITDA in Q1 2024. The company's financial results show total revenues of $3.6 billion in Q4 2023, with a reported net income of $38.7 million. Franchised Dealerships Segment revenues were $3.0 billion, up 1% year-over-year, while EchoPark Segment revenues were $556.6 million, down 6% year-over-year.
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Sonic Automotive Schedules Release of 2023 Fourth Quarter and Full Year Financial Results

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Sonic Automotive, Inc. (SAH) will release its fiscal 2023 fourth quarter and full year financial results on February 14, 2024. The company will hold a conference call at 11:00 A.M. (Eastern) with senior management. Investor presentation and earnings press release materials will be accessible on the company's website. The live webcast of the conference call can be accessed on the company's website as well. Dial-in access for the conference call will be available, and a webcast replay will be available for 14 days following the call.
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Sonic Automotive Announces Promotion of Harry Harden to Chief Human Resources Officer

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Sonic Automotive, Inc. (SAH) Promotes Harry Harden to Chief Human Resources Officer (CHRO) After Angela Broadway's Retirement
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Sonic Automotive Reports Record Third Quarter Revenues

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Sonic Automotive reports Q3 2023 financial results, with record revenues of $3.6 billion and net income of $68.4 million. EchoPark Segment sees improvements in sales volume and profitability. Sonic repurchases 1.7 million shares of its stock for $86.7 million. Quarterly cash dividend increased by 3.4% to $0.30 per share.
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Sonic Automotive Schedules Release of 2023 Third Quarter Financial Results

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Sonic Automotive will release fiscal 2023 Q3 financial results on October 26, 2023. Investor presentation and earnings press release materials will be accessible on the company's website. Conference call at 11:00 A.M. (Eastern).
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Sonic Automotive Announces Successful Rally at Exit 55 During the 2023 Sturgis Motorcycle Rally

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Sonic Automotive announces successful 'Rally at Exit 55' hosted by Black Hills Harley-Davidson during the Sturgis Motorcycle Rally, selling 550 new and pre-owned motorcycles despite some bad weather. Governor Kristi Noem visits the dealership. Strong partnerships and planning contribute to the event's success.
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Sonic Automotive Reports All-Time Record Quarterly Revenues

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Sonic Automotive, Inc. (SAH) Reports All-time Record Quarterly Revenues of $3.7 Billion in Q2 2023. EchoPark Segment Revenues Down 9% Year-Over-Year, Strategic Adjustments Expected to Enhance Near-Term Performance.
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Sonic Automotive Schedules Release of 2023 Second Quarter Financial Results

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FAQ

What is the current stock price of Sonic Automotive (SAH)?

The current stock price of Sonic Automotive (SAH) is $66.62 as of January 14, 2025.

What is the market cap of Sonic Automotive (SAH)?

The market cap of Sonic Automotive (SAH) is approximately 2.2B.

What services does Sonic Automotive offer?

Sonic Automotive offers sales of new and used cars, replacement parts, vehicle maintenance, warranty services, paint and collision repair, and financing and insurance options.

How many dealerships does Sonic Automotive operate?

Sonic Automotive operates over 100 dealerships across 18 states, plus 25 EchoPark used-vehicle stores, 16 collision centers, and 13 powersports locations.

Which automotive brands does Sonic Automotive represent?

Sonic Automotive represents approximately 30 different automotive brands, with a focus on luxury and import brands like Honda, BMW, Mercedes, and Toyota.

What is EchoPark?

EchoPark is Sonic Automotive's used-vehicle store brand, contributing $2.4 billion to the company's revenue in 2023.

How much revenue did Sonic Automotive generate in 2023?

Sonic Automotive generated $14.4 billion in revenue in 2023.

What significant acquisition did Sonic Automotive make in 2021?

In December 2021, Sonic Automotive acquired RFJ Auto, adding $3.2 billion in sales.

Where are Sonic Automotive dealerships primarily located?

Sonic Automotive dealerships are primarily located in major metropolitan areas, including California, Texas, and the Southeast.

What percentage of Sonic Automotive's revenue comes from luxury and import brands?

Approximately 86% of Sonic Automotive's franchise new-vehicle revenue comes from luxury and import brands.

What is Sonic Automotive's approach to customer service?

Sonic Automotive is committed to providing an outstanding automotive experience with professionalism, integrity, and enthusiasm.

Is Sonic Automotive part of any stock market indexes?

Yes, Sonic Automotive is a member of the Fortune 500 and the Russell 2000 Index.
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Sonic Automotive, Inc.

NYSE:SAH

SAH Rankings

#1880 Ranked by Market Cap
#1377 Ranked by Dividends

SAH Stock Data

2.24B
14.77M
33.33%
71.81%
3.69%
Auto & Truck Dealerships
Retail-auto Dealers & Gasoline Stations
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United States of America
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