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 (SAH) maintains this dedicated news hub to provide stakeholders with direct access to official corporate communications and market-relevant updates. Our curated collection features verified press releases, financial disclosures, and strategic announcements from one of America's leading automotive retail enterprises.
Investors and industry observers will find essential documentation including quarterly earnings reports, dealership acquisitions, leadership updates, and operational milestones. The archive serves as a critical resource for tracking SAH's evolving position in luxury vehicle retail, used-car market expansion through EchoPark, and powersports sector developments.
All content undergoes strict verification to ensure compliance with financial disclosure regulations. For ongoing monitoring of SAH's market performance and corporate strategy, we recommend bookmarking this page and checking regularly for new filings and announcements.
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.
Sonic Automotive (NYSE: SAH) has acquired Motorcycles of Charlotte and Motorcycles of Greensboro in North Carolina from Mark and Gail Engel. This acquisition expands Sonic's powersports division, following their previous acquisition of 13 dealerships across South Dakota and Texas.
The acquired dealerships are among the top European motorcycle dealers in the Southeast, carrying brands like BMW, Ducati, Triumph, and Royal Enfield. The Charlotte location operates from a 19,000-square-foot facility, while both dealerships will maintain their current locations. This transaction strengthens Sonic Automotive's presence in the Southeast powersports market.
Sonic Automotive, a Fortune 500 company, is ranked #6 on the 2024 Automotive News Top 150 Dealership Groups based on 2023 new vehicle retail sales units.
Sonic Automotive (NYSE: SAH) has announced the relocation of its EchoPark Automotive Houston Southwest Freeway to a new, larger facility in Stafford, Texas. The new 16,825-square-foot experience center, which opened on December 2, 2024, offers an expanded inventory of pre-owned vehicles and enhanced shopping experience.
The facility, located at 12057 Southwest Freeway, replaces the original Houston location that opened in 2020. As part of the grand opening celebration, EchoPark is offering no payments for 90 days on select inventory until December 31, 2024. The company highlights that 50% of its inventory is priced under $25,000.
Sonic Automotive (NYSE:SAH) reported Q3 2024 financial results with total revenues of $3.5 billion, down 4% year-over-year. Net income increased 8% to $74.2 million, while adjusted net income decreased 39% to $44.0 million. The company's EchoPark segment achieved record quarterly performance with gross profit of $55.2 million, up 5% year-over-year.
The quarter was impacted by CDK Global software outage effects, reducing income before taxes by $17.2 million. The Board approved a 17% increase in quarterly cash dividend to $0.35 per share. The company maintained strong liquidity with $418 million in cash and floor plan deposits, and total liquidity of approximately $834 million.
Sonic Automotive (NYSE:SAH), a Fortune 500 automotive retailer, has announced the release date for its fiscal 2024 third quarter financial results. The results will be published on Thursday, October 24, 2024, at 7:00 A.M. (Eastern). Following the release, senior management will host a conference call at 11:00 A.M. (Eastern) to discuss the results.
Investors can access the earnings press release and presentation materials on the company's website at ir.sonicautomotive.com. The conference call will be available via live webcast on the same website, and interested parties can also dial in via telephone at (877) 407-8289 (domestic) or +1 (201) 689-8341 (international).
A webcast replay of the call will be available for 14 days following the event on the company's investor relations website.
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