{"schema_version":"secwatch.filing_event.v1","accession":"0001043509-23-000013","form_type":"8-K","ticker":"SAH","cik":"0001043509","company_name":"SONIC AUTOMOTIVE INC","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.999098+00:00","generated_at":"2026-06-12T23:36:50.257834+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sonic Automotive Q2 revenue record $3.7B (+4% YoY), net income plunges 75% to $23.4M; EchoPark restructures","bullets":["All-time record quarterly revenue of $3.7B, up 4% YoY; gross profit of $568.9M, down 3%.","Reported net income $23.4M ($0.65 diluted EPS), down 75% and 72% YoY; adjusted net income $66.0M ($1.83 adjusted EPS), down 33% and 25%.","EchoPark segment revenues $600.6M (-9% YoY); gross profit $26.8M (-44%); unit sales up 4% to 17,084.","Closed 8 EchoPark hubs and 14 delivery/buy centers plus 3 Northwest Motorsport locations; $13.2M segment loss in Q2.","Recorded $75.2M charge for closed stores including $62.6M non-cash impairment; expects $2.5-3.0M quarterly ongoing expenses."],"urls":{"canonical":"https://secwatch.observer/filing/0001043509-23-000013","json":"https://secwatch.observer/filing/0001043509-23-000013.json","markdown":"https://secwatch.observer/filing/0001043509-23-000013.md","text":"https://secwatch.observer/filing/0001043509-23-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1043509/000104350923000013/0001043509-23-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1043509/000104350923000013/sah-20230727.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T23:36:50.257834+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"de3cd68be3e50de50929b058709804f8ab8512e5","claim":"SONIC AUTOMOTIVE INC reported second quarter ended June 30, 2023 results: revenue $3.7 billion, net income $23.4 million, EPS $0.65 earnings per diluted share. Guidance reaffirmed.","evidence_excerpt":"All-time record quarterly revenues of $3.7 billion, up 4% year-over-year; quarterly gross profit of $568.9 million, down 3% year-over-year • Reported second quarter net income of $23.4 million, down 75% year-over-year ($0.65 earnings per diluted share, down 72% year-over-year)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1043509/000104350923000013/0001043509-23-000013-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$3.7 billion"},{"label":"Net income","value":"$23.4 million"},{"label":"EPS","value":"$0.65 earnings per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}