M&A
confidence high
sentiment neutral
materiality 0.60
Sonic Automotive files RFJ Auto financials; 9M21 sales $2.27B, net income $63M
SONIC AUTOMOTIVE INC
- Acquisition closed Dec 6, 2021; purchase price ~$700M for goodwill/intangibles plus inventory values.
- RFJ Auto unaudited 9M21: sales $2.27B (+20.7% YoY), net income $62.9M (+92.4% YoY).
- RFJ Auto Sept 30, 2021: total assets $650M, equity $88.4M.
- Pro forma combined financials for year ended Dec 31, 2020 and 9M21 filed in exhibits.