---
schema_version: "secwatch.filing_event.v1"
accession: "0001043509-23-000018"
form_type: "8-K"
ticker: "SAH"
cik: "0001043509"
company_name: "SONIC AUTOMOTIVE INC"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T07:42:38.071031+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sonic Automotive Q3 revenue record $3.6B; net income down 22% YoY to $68.4M

## Summary
- Record Q3 revenue $3.6B (+6% YoY); gross profit $582.2M flat; net income $68.4M (-22%); diluted EPS $1.92 (-14%).
- Adjusted net income $72M (-18%); adjusted diluted EPS $2.02 (-9%).
- EchoPark segment revenues $626.7M (+6%); record gross profit $52.8M (+22%); used units up 25% to 19,050.
- Board approved 3.4% dividend increase to $0.30/share, payable Jan 12, 2024 to holders of record Dec 15, 2023.
- Repurchased 1.7M shares in Q3 for $86.7M; YTD 3.3M shares (9% of shares outstanding at Dec 31, 2022).

## SEC filing metadata
- accession: 0001043509-23-000018
- form_type: 8-K
- ticker: SAH
- cik: 0001043509
- company_name: SONIC AUTOMOTIVE INC
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043509/000104350923000018/0001043509-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043509/000104350923000018/sah-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001043509-23-000018
- JSON: https://secwatch.observer/filing/0001043509-23-000018.json
- Plain text: https://secwatch.observer/filing/0001043509-23-000018.txt

## Key facts
- Earnings Releases
  SONIC AUTOMOTIVE INC reported third quarter ended September 30, 2023 results: revenue $3.6 billion, net income $68.4 million, EPS $1.92 earnings per diluted share. Guidance reaffirmed.
  - Period: third quarter ended September 30, 2023
  - Revenue: $3.6 billion
  - Net income: $68.4 million
  - EPS: $1.92 earnings per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: automotive retailers, today reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Summary • Record third quarter revenues of $3.6 billion, up 6% year-over-year; gross profit of $582.2 million, flat year-over-year • Reported third quarter net income of $68.4 million, down 22% year-over-year ($1.92 earnings per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043509/000104350923000018/0001043509-23-000018-index.htm

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