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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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sonic Automotive's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sonic Automotive's position in the market.

News
Sonic Automotive Announces Retirement of Rachel Richards and Promotion of Dino Bernacchi to Chief Marketing Officer
Rhea-AI Summary

Sonic Automotive, Inc. announced the retirement of Rachel Richards, the Chief Marketing Officer, after a distinguished 40-year career in the automotive industry. Dino Bernacchi will succeed her effective May 1, 2024. Richards played a pivotal role in strategic planning and operational leadership, while Bernacchi is an industry veteran with significant marketing experience. The company expresses gratitude to Richards and excitement for Bernacchi's leadership.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.19%
Tags
none
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News
Sonic Automotive Reports First Quarter Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.86%
Tags
earnings
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News
Sonic Automotive Schedules Release of 2024 First Quarter Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.92%
Tags
earnings
News
Sonic Automotive Reports Fourth Quarter and Full Year Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.11%
Tags
earnings
-
News
Sonic Automotive Schedules Release of 2023 Fourth Quarter and Full Year Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
earnings
-
News
Sonic Automotive Announces Promotion of Harry Harden to Chief Human Resources Officer
Rhea-AI Summary
Sonic Automotive, Inc. (SAH) Promotes Harry Harden to Chief Human Resources Officer (CHRO) After Angela Broadway's Retirement
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.33%
Tags
management
News
Sonic Automotive Reports Record Third Quarter Revenues
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.45%
Tags
none
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News
Sonic Automotive Schedules Release of 2023 Third Quarter Financial Results
Rhea-AI Summary
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).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
earnings
-
News
Sonic Automotive Announces Successful Rally at Exit 55 During the 2023 Sturgis Motorcycle Rally
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.18%
Tags
none
News
Sonic Automotive Reports All-Time Record Quarterly Revenues
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
none
Stock SAH logo
Sonic Automotive, Inc.

NYSE:SAH

SAH Rankings

#1924 Ranked by Market Cap
#1681 Ranked by Stock Gains
#1371 Ranked by Dividends

SAH Stock Data

1.94B
14.73M
33.51%
74.12%
6.42%
New Car Dealers
Retail Trade
Link
United States of America
CHARLOTTE

About SAH

sonic automotive, as a fortune 500 company and member of the russell 2000 index, is among the largest automotive retailers in the united states. these dealerships provide comprehensive services, including sales of both new and used cars and light trucks, sales of replacement parts, performance of vehicle maintenance, warranty, paint and collision repair services, and arrangement of extended warranty contracts, financing and insurance for the company's customers. sonic automotive operates over 100 dealerships spread across 14 states and 25 major metropolitan markets. we represent approximately 30 different automotive brands with the majority of our dealerships being luxury and import brands. we are an industry-leading automotive retailer committed to providing our customers with an outstanding automotive experience that is delivered with professionalism, integrity and enthusiasm.