secwatch.observer — SEC 8-K summary
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Issuer:     SONIC AUTOMOTIVE INC (SAH)
CIK:        0001043509
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001043509-24-000069
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonic Automotive Q3 GAAP EPS up 11% to $2.13; adjusted EPS down 38%; dividend raised 17%
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- Revenue $3.5B, down 4% YoY; GAAP net income $74.2M ($2.13 diluted EPS), up 8% and 11% YoY respectively.
- Adjusted net income $44.0M ($1.26 adjusted diluted EPS), down 39% and 38% YoY.
- EchoPark segment record gross profit $55.2M (+5%), segment income $5.2M (+131%), adjusted EBITDA $8.9M (+271%).
- CDK outage impact estimated $17.2M pre-tax, $12.7M after-tax ($0.36 EPS).
- Dividend increased 17% to $0.35/share; payable Jan 15, 2025 to holders of record Dec 13, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043509/000104350924000069/0001043509-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043509/000104350924000069/sah-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001043509-24-000069

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