Welcome to our dedicated page for Sonic Automotive SEC filings (Ticker: SAH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Sonic Automotive, Inc. filings document the regulatory record for an automotive retailer with franchised dealerships, EchoPark used-vehicle operations and powersports activities. Form 8-K disclosures cover operating results, earnings presentation materials, quarterly cash dividends, material definitive agreements and credit-facility terms.
Proxy and compensation-related filings describe annual meeting matters, shareholder votes, equity incentive plans, Class A common stock reserved for awards, executive bonus metrics and performance-based restricted stock units. The filings also address governance procedures, capital-structure matters and disclosure controls tied to Sonic Automotive's public-company reporting obligations.
Sonic Automotive Inc. major shareholder Paul P. Rusnak bought 100,000 SAH shares in the open market. The Form 4 shows six direct, non-derivative purchases between February 5, 2026 and February 17, 2026, all coded as open-market transactions.
Individual trades included 11,481 shares at $59.95 per share on February 17, 48,540 shares at $59.92 per share on February 13, and several smaller trades. After these purchases, Rusnak directly owned 5,100,000 Sonic Automotive shares.
Sonic Automotive reported strong 2025 top-line growth but weaker GAAP profit. Full-year revenue reached $15.2 billion, up 7%, with record gross profit of $2.4 billion, up 9%. Reported net income fell 45% to $118.7 million (EPS $3.42) due mainly to significant non-cash impairment charges.
Excluding specified items, adjusted net income rose 17% to $229.2 million with adjusted EPS of $6.60, up 18%. Fourth-quarter revenue was $3.9 billion, down 1%, while net income was $46.9 million, down 20%; adjusted net income was $52.2 million and adjusted EPS $1.52, up 1%.
The Franchised Dealerships segment delivered record $12.9 billion revenue and $2.1 billion gross profit, both up 8%. EchoPark produced all-time record adjusted EBITDA of $49.2 million, up 78%, and the Powersports segment’s adjusted EBITDA rose 83% to $11.5 million. In 2025 Sonic repurchased about 1.3 million Class A shares for $82.4 million, and the board approved a quarterly dividend of $0.38 per share.
Sonic Automotive, Inc. approved a new performance-based cash bonus framework for key executives for the period from January 1, 2026 through December 31, 2026. The plan covers the Chairman and Chief Executive Officer, the President, and the Executive Vice President and Chief Financial Officer.
Bonus payouts will depend on two main factors: adjusted earnings per share and customer satisfaction, measured by the percentage of dealerships that meet or exceed manufacturer-defined targets. After the performance period ends, the Compensation Committee will review results and set final bonus amounts by March 15, 2027.
Sonic Automotive EVP and CFO Heath Byrd reported share deliveries to cover taxes on vested stock awards. On February 7, 2026, he delivered 5,020 shares of Class A Common Stock at $62.46 per share, and on February 8, 2026, he delivered an additional 4,167 shares at the same price. These shares were delivered to Sonic Automotive to satisfy withholding tax obligations upon vesting of restricted stock units. After these transactions, he directly owned 148,539 shares, with another 12,129 shares held indirectly through Bucknell Avenue, LLC, for which he disclaims beneficial ownership except for his pecuniary interest.
Sonic Automotive president and director Jeff Dyke reported using shares to cover tax withholding on vested restricted stock units. On 02/07/2026 he delivered 6,379 shares of Class A common stock at $62.46 per share, and on 02/08/2026 he delivered 5,346 shares at the same price.
After these transactions he held 593,668 Class A shares directly. He also had 161,622 Class A shares indirectly held through Ash & Erin, LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Sonic Automotive (SAH) Chairman and CEO David Bruton Smith, who is also a director and 10% owner, reported two tax-related share transactions in Class A Common Stock. On 02/07/2026 and 02/08/2026, he delivered 9,245 and 12,348 shares, respectively, at $62.46 per share to Sonic Automotive, Inc. to satisfy withholding tax obligations triggered by the vesting of restricted stock units. After these transactions, he directly beneficially owned 532,000 Class A shares. The filing also reports 836,534 Class A shares held indirectly by OBS Family, LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Sonic Automotive director and 10% owner Marcus G. Smith reported updates to his beneficial ownership of Class A Common Stock. During the issuer’s fiscal year ended 12/31/2025, he acquired 1,250 shares on 07/07/2025 in a transaction coded “W,” at a price of $0 per share. According to the footnotes, these shares were received from The Estate of Bonita Smith under the laws of descent and distribution.
After this inheritance, Smith directly held 100,121 shares of Sonic Automotive Class A Common Stock. He is also reported as having indirect beneficial ownership of 836,534 shares held by OBS Family, LLC, and he disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.
Sonic Automotive director and 10% owner B. Scott Smith filed an annual statement of changes in beneficial ownership for the fiscal year ended 12/31/2025. On 07/07/2025 he acquired 1,250 shares of Class A Common Stock, coded "W", from The Estate of Bonita Smith under the laws of descent and distribution at a reported price of $0. After this transaction, he directly held 397,457 Class A shares and indirectly held 836,534 Class A shares through OBS Family, LLC. He disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.
Sonic Automotive, Inc. Chairman and CEO David Bruton Smith filed an annual Form 5 reporting a change in his beneficial ownership of Class A common stock for the fiscal year ended 12/31/2025. On 07/07/2025, he acquired 1,250 shares of Class A common stock in a transaction coded "W" at a reported price of $0, reflecting receipt from The Estate of Bonita Smith under the laws of descent and distribution.
Following this transaction, he beneficially owned 553,593 Class A shares directly. He is also reported as indirectly beneficially owning 836,534 Class A shares through OBS Family, LLC, while disclaiming beneficial ownership of those shares except to the extent of his pecuniary interest.
Sonic Automotive reported Q3 2025 results with total revenue of $3,973.8 million, up from $3,491.5 million a year ago. Net income was $46.8 million versus $74.2 million, and diluted EPS was $1.33 compared to $2.13. Operating income reached $122.7 million, while gross profit was $615.5 million.
Year to date, Sonic recorded non-cash franchise asset impairment charges of $173.8 million. The company generated $500.5 million in operating cash flow for the first nine months, driven by working capital movements and add-backs, and used $494.3 million in investing cash flows, including $440.3 million to acquire five Jaguar Land Rover dealerships in California, which contributed $137.6 million of revenue and $3.5 million of earnings since acquisition. Cash was $89.4 million; long-term debt stood at $1,437.5 million. Revolver availability was $306.5 million as of September 30, 2025. The company declared quarterly dividends of $0.38 per Class A and Class B share. As of October 21, 2025, shares outstanding were 22,143,309 Class A and 12,029,375 Class B.