secwatch.observer — SEC 8-K summary
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Issuer:     SONIC AUTOMOTIVE INC (SAH)
CIK:        0001043509
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001043509-23-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043509/000104350923000002/0001043509-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043509/000104350923000002/sah-20230215.htm
  HTML page:      https://secwatch.observer/filing/0001043509-23-000002

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