---
schema_version: "secwatch.filing_event.v1"
accession: "0001043509-23-000009"
form_type: "8-K"
ticker: "SAH"
cik: "0001043509"
company_name: "SONIC AUTOMOTIVE INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T07:49:30.847817+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sonic Automotive Q1 revenue record $3.5B, net income down 51% YoY; dividend raised 3.6%

## Summary
- Record Q1 revenue of $3.5B, up 1% YoY; gross profit $553.5M, down 3%.
- Net income $47.7M, down 51% YoY; diluted EPS $1.29, down 45%.
- EchoPark segment record revenues $650.5M (+5% YoY); retail used units 19,980 (+34% YoY).
- Repurchased 1.6M shares (~5% of shares outstanding) for $90.7M at avg $55.16/share.
- Quarterly dividend increased 3.6% to $0.29/share; payable July 14, record June 15.

## SEC filing metadata
- accession: 0001043509-23-000009
- form_type: 8-K
- ticker: SAH
- cik: 0001043509
- company_name: SONIC AUTOMOTIVE INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043509/000104350923000009/0001043509-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043509/000104350923000009/sah-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001043509-23-000009
- JSON: https://secwatch.observer/filing/0001043509-23-000009.json
- Plain text: https://secwatch.observer/filing/0001043509-23-000009.txt

## Key facts
- Earnings Releases
  SONIC AUTOMOTIVE INC reported first quarter ended March 31, 2023 results: revenue $3.5 billion, net income $47.7 million, EPS $1.29 earnings per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $3.5 billion
  - Net income: $47.7 million
  - EPS: $1.29 earnings per diluted share
  - Result: reported results
  source text: automotive retailers, today reported financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Summary • Record first quarter revenues of $3.5 billion, up 1% year-over-year; quarterly gross profit of $553.5 million, down 3% year-over-year • Reported first quarter net income of $47.7 million, down 51% year-over-year ($1.29
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043509/000104350923000009/0001043509-23-000009-index.htm

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