secwatch.observer — SEC 8-K summary
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Issuer:     SONIC AUTOMOTIVE INC (SAH)
CIK:        0001043509
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001043509-22-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonic Automotive Q2 2022: record revenue $3.7B, EPS $2.34, adjusted $2.45, buyback authorization increased by $500M
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- Record quarterly revenue $3.7B (+9% YoY) and gross profit $588.8M (+15% YoY).
- Reported EPS $2.34; adjusted EPS $2.45; record F&I per retail unit $2,503 (+13% YoY).
- EchoPark segment revenue record $665.6M (+12% YoY).
- Repurchased 1.4M shares for $59.4M; Board added $500M to authorization, total $633M.
- Board approved a quarterly cash dividend (amount not specified in excerpt).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043509/000104350922000010/0001043509-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043509/000104350922000010/sah-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001043509-22-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer