secwatch.observer — SEC 8-K summary
======================================

Issuer:     SONIC AUTOMOTIVE INC (SAH)
CIK:        0001043509
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001043509-24-000062
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonic Automotive Q2 net income $41.2M (+76% YoY); CDK outage cut pre-tax income ~$30M
--------------------------------------------------------------------------------

- Total revenue $3.5B, down 5% YoY; gross profit $539.1M, down 5%.
- Adjusted diluted EPS $1.47, down 20% YoY; reported EPS $1.18, up 82%.
- CDK outage reduced GAAP pre-tax income by ~$30M, net income by $22.2M ($0.64/share).
- EchoPark segment adjusted EBITDA $7.2M (record Q2), up 123% YoY; gross profit up 91%.
- Quarterly cash dividend approved; amount not disclosed in filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043509/000104350924000062/0001043509-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043509/000104350924000062/sah-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001043509-24-000062

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