---
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"
generated_at: "2026-06-12T23:36:50.257834+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sonic Automotive Q2 revenue record $3.7B (+4% YoY), net income plunges 75% to $23.4M; EchoPark restructures

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001043509-23-000013
- JSON: https://secwatch.observer/filing/0001043509-23-000013.json
- Plain text: https://secwatch.observer/filing/0001043509-23-000013.txt

## Key facts
- Earnings Releases
  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.
  - Period: second quarter ended June 30, 2023
  - Revenue: $3.7 billion
  - Net income: $23.4 million
  - EPS: $0.65 earnings per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1043509/000104350923000013/0001043509-23-000013-index.htm

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