secwatch.observer — SEC 8-K summary
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Issuer:     SONIC AUTOMOTIVE INC (SAH)
CIK:        0001043509
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001043509-24-000039
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonic Automotive Q1 revenue down 3% to $3.4B; EchoPark adjusted EBITDA hits record $7.3M
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- Reported EPS $1.20 (-7% YoY); adjusted EPS $1.36 (+2% YoY).
- EchoPark gross profit $52.6M (+34% YoY); adjusted EBITDA $7.3M (+120% YoY).
- Company repurchased ~0.5M shares for $27M during Q1.
- Quarterly cash dividend approved (amount not specified in release).
- Total revenues $3.4B (-3% YoY); net income $42M (-12% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043509/000104350924000039/0001043509-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043509/000104350924000039/sah-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001043509-24-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer