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Sonic Automotive, Inc. 8-K Filings

SAH NYSE

Every 8-K that Sonic Automotive, Inc. (SAH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow SAH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SAH filings page.

Rhea-AI Summary

Sonic Automotive reported record second-quarter revenues of $3,934.0 million, up 8% year-over-year, and all‑time record quarterly gross profit of $616.2 million, up 2%. Reported net income was $57.4 million (diluted EPS $1.79), a sharp rebound from a $45.6 million loss a year earlier. On an adjusted basis, net income was $58.3 million and adjusted EPS $1.82, down 23% and 17% year-over-year, as expenses outpaced gross profit growth and consolidated SG&A rose to 72.2% of gross profit from 68.5%.

The Franchised Dealerships segment generated revenues of $3,277.6 million, up 6%, but segment income fell 23% to $70.7 million amid lower per‑unit margins. EchoPark revenues grew 15% to $582.9 million, with retail used unit volume up 17% to 19,601, yet segment income declined 38% and total used+F&I GPU fell 12% to $3,292. Powersports delivered record quarterly revenues of $73.5 million (up 53%) and gross profit of $19.7 million, with segment income improving to $2.3 million.

The company ended the quarter with roughly $294 million of cash and floor plan deposits and total liquidity of about $676 million, supporting a quarterly cash dividend of $0.41 per share payable October 15, 2026. Management reiterated a diversified growth strategy across Franchised Dealerships, EchoPark and Powersports, and provided FY 2026 guidance including new‑vehicle GPU of $2,850–$3,000, used‑vehicle GPU of $1,350–$1,450, EchoPark adjusted EBITDA of $35–$40 million, Powersports adjusted EBITDA of $14–$17 million, and consolidated adjusted SG&A in the low‑70% range of gross profit.

Rhea-AI Summary

Sonic Automotive, Inc. approved new performance-based restricted stock unit awards for three senior executives under its 2026 Equity Incentive Plan, effective May 6, 2026. Grants total 134,230 units, including 69,872 units for CEO David Bruton Smith, 38,175 for Jeff Dyke, and 26,183 for Heath R. Byrd.

The units lack dividend equivalents and voting rights and remain subject to forfeiture until February 11, 2029 based on continued employment and compliance with restrictive covenants and confidentiality obligations. Payout also depends on achieving defined adjusted earnings per share performance for calendar 2026.

Subject to meeting the performance condition, the awards vest in three tranches: 25% on March 31, 2027, 30% on February 11, 2028, and 45% on February 11, 2029. After vesting, they are settled in Sonic’s Class A common stock, cash, or a mix, at the Compensation Committee’s discretion.

Rhea-AI Summary

Sonic Automotive, Inc. reported results of its 2026 annual meeting of stockholders and the approval of a new long-term incentive plan. Stockholders approved the 2026 Equity Incentive Plan, which became effective as of February 11, 2026 upon stockholder approval.

The 2026 Equity Incentive Plan replaces the 2012 Stock Incentive Plan and reserves 2,318,148 shares of Class A common stock for equity awards such as stock options, stock appreciation rights, restricted stock and restricted stock units. Shares from expired or forfeited awards under the 2012 plan can be recycled into the new plan under specified conditions.

At the meeting, stockholders elected all nine director nominees, ratified Grant Thornton LLP as independent auditor for fiscal 2026, approved on an advisory basis 2025 named executive officer compensation, and approved an updated restricted stock and deferral plan for non-employee directors.

Rhea-AI Summary

Sonic Automotive reported first quarter 2026 results showing modest growth in sales and stronger performance at key segments. Total revenue reached $3.69 billion, up 1% year-over-year, while gross profit rose 6% to $598.8 million, reflecting better mix and higher profitability in parts, service and finance operations.

Reported net income was $60.8 million, down 14%, or $1.79 per diluted share, largely against a prior year that included sizeable cyber insurance gains. On an adjusted basis, net income rose to $54.9 million and adjusted EPS to $1.62, both up year-over-year.

The EchoPark used‑vehicle segment delivered all‑time record results, including revenue of $580.5 million, gross profit of $67.9 million, segment income of $16.2 million and adjusted EBITDA of $18.6 million. Powersports revenue grew 19% to $40.9 million with a narrower segment loss of $2.0 million.

Capital returns were significant. Sonic repurchased about 2.1 million Class A shares for $135.7 million, a 6% reduction in outstanding shares from December 31, 2025. The Board approved an additional $500 million share repurchase authorization, bringing remaining capacity to $528 million, and raised the quarterly dividend 8% to $0.41 per share.

Rhea-AI Summary

Sonic Automotive, Inc. entered into a new Bridge Facility Credit Agreement with PNC Bank providing a senior unsecured term loan of $150 million. The company immediately borrowed the full amount, creating a short‑term financing source alongside its existing PNC Mortgage Facility.

The bridge loan matures on the earlier of 364 days after closing or a refinancing of the PNC Mortgage Facility. Borrowings bear interest at either Term SOFR plus 2.50% per annum or a Base Rate plus 1.50% per annum, at the company’s option, and may be prepaid without penalty.

The agreement includes customary covenants that can limit additional indebtedness, dividends, capital spending, and major asset transactions, as well as standard events of default such as cross‑defaults and change of control that could trigger immediate repayment of the outstanding balance.

Rhea-AI Summary

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.

Rhea-AI Summary

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.

Rhea-AI Summary

Sonic Automotive (SAH) filed an 8-K noting it issued a press release with financial results for its fiscal third quarter ended September 30, 2025, and provided accompanying earnings call presentation materials.

The company also announced the approval of a quarterly cash dividend in the same release. The press release and presentation are furnished as Exhibits 99.1 and 99.2 and are not deemed filed under the Exchange Act.

Rhea-AI Summary

On July 24, 2025, Sonic Automotive, Inc. (NYSE: SAH) filed a Form 8-K to furnish its fiscal Q2 2025 results and related materials. The filing contains no financial line-items; instead, it attaches two exhibits: Exhibit 99.1, the earnings press release, and Exhibit 99.2, the earnings-call presentation. The company also disclosed Board approval of a quarterly cash dividend announced within the press release.

The information is furnished—not filed—under Items 2.02 (Results of Operations and Financial Condition) and 7.01 (Regulation FD). As such, it is not subject to Section 18 liabilities nor automatically incorporated into other SEC filings. No additional transactions, guidance, or financial details appear in the 8-K.