---
schema_version: "secwatch.filing_event.v1"
accession: "0001043509-23-000002"
form_type: "8-K"
ticker: "SAH"
cik: "0001043509"
company_name: "SONIC AUTOMOTIVE INC"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T10:22:50.294023+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Sonic Automotive Reports Record Q4 Revenue $3.6B, FY $14B; Acquires 13 Powersports Stores; Declares Dividend

## Summary
- Q4 2022 revenue $3.6B (record), up 13% YoY; full-year revenue $14B (record), up 13% YoY.
- Reported Q4 net loss $190.9M due to $320.4M non-cash impairment charge; adjusted net income $97.8M.
- Acquired 13 Powersports locations to further diversify retail portfolio.
- Repurchased 5.6M shares in 2022 for $261.9M, average $47.08 per share.
- Quarterly cash dividend approved as part of the earnings press release.

## SEC filing metadata
- accession: 0001043509-23-000002
- form_type: 8-K
- ticker: SAH
- cik: 0001043509
- company_name: SONIC AUTOMOTIVE INC
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043509/000104350923000002/0001043509-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043509/000104350923000002/sah-20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001043509-23-000002
- JSON: https://secwatch.observer/filing/0001043509-23-000002.json
- Plain text: https://secwatch.observer/filing/0001043509-23-000002.txt

## Key facts
- Earnings Releases
  SONIC AUTOMOTIVE INC reported fiscal year ended December 31, 2022 results: revenue $14.0 billion, net income $88.5 million ($2.23 earnings per diluted share), EPS $2.23 earnings per diluted share.
  - Period: fiscal year ended December 31, 2022
  - Revenue: $14.0 billion
  - Net income: $88.5 million ($2.23 earnings per diluted share)
  - EPS: $2.23 earnings per diluted share
  - Result: reported results
  source text: Stock for an aggregate purchase price of approximately $35.8 million, or an average of $48.25 per share Full Year 2022 Financial Summary • All-time record annual revenues of $14.0 billion, up 13% year-over-year; all-time record annual gross profit of $2.3 billion, up 21% year-over-year • Reported full year net income of $88.5 million ($2.23 earnings per diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043509/000104350923000002/0001043509-23-000002-index.htm
- Earnings Releases
  SONIC AUTOMOTIVE INC reported fourth quarter and fiscal year ended December 31, 2022 results: revenue $3.6 billion, net income $190.9 million ($5.22 loss per diluted share), EPS $5.22 loss per diluted share.
  - Period: fourth quarter and fiscal year ended December 31, 2022
  - Revenue: $3.6 billion
  - Net income: $190.9 million ($5.22 loss per diluted share)
  - EPS: $5.22 loss per diluted share
  - Result: reported results
  source text: today reported financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter 2022 Financial Summary • All-time record quarterly revenues of $3.6 billion, up 13% year-over-year; record fourth quarter gross profit of $576.1 million, up 9% year-over-year • Reported fourth quarter net loss of $190.9 million ($5.22 loss per diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043509/000104350923000002/0001043509-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.