Highest-materiality recent filing
Sonic Automotive Q2 2026 revenue $3.9B (+8% YoY); net income $57.4M (+226%); EchoPark units +17%
Q2 total revenues $3.9B (+8% YoY); total gross profit $616.2M (+2% YoY) - record.
Sonic Automotive grants performance-based RSUs to CEO, COO, and CFO
David Bruton Smith receives 69,872 RSUs; Jeff Dyke 38,175; Heath R. Byrd 26,183.
Sonic Automotive shareholders approve 2026 Equity Incentive Plan with 2.3M share reserve
Plan replaces 2012 Stock Incentive Plan; 2,318,148 shares authorized, effective Feb 11, 2026.
Sonic Automotive Q1 record revenue $3.7B; net income down 14%; dividend raised 8%
Revenue $3.7B (+1% YoY); gross profit $598.8M (+6% YoY); reported EPS $1.79 vs $2.04 prior year.
Sonic Automotive enters $150M bridge facility with PNC Bank, fully drawn
Entered $150M senior unsecured bridge term loan with PNC Bank, drawn in full on March 27, 2026.
Sonic Automotive reports record annual revenue of $15.2B; Q4 net income down 20%
Full-year revenue $15.2B (+7% YoY); Q4 revenue $3.9B (-1% YoY) with record quarterly gross profit $598.7M.
Sonic Automotive sets 2026 performance-based bonus parameters for CEO, President, and CFO
Compensation Committee established 2026 bonus criteria on Feb 11, 2026, for CEO David Bruton Smith, President Jeff Dyke, and CFO Heath R. Byrd.
Sonic Automotive reports record Q3 revenues of $4.0B, up 14% YoY; adjusted EPS $1.41, up 12%
Record quarterly total revenues of $4.0B (+14% YoY); total gross profit $615.5M (+13% YoY).
Sonic Automotive Q2 adjusted EPS $2.19, up 49%; revenue record $3.7B; dividend up 9%
Total revenue $3.7B (+6% YoY); reported net loss $45.6M from $172.4M non-cash impairment.
Sonic Automotive reports record Q1 revenue $3.7B, EPS $2.04 (+70% YoY); declares $0.35 dividend
Record total revenue $3.7B (+8% YoY); reported net income $70.6M ($2.04 EPS), up 68% and 70% YoY.
Sonic Automotive shareholders elect all nine directors, ratify Grant Thornton, approve say-on-pay
All nine director nominees elected; David Bruton Smith received 128.5M votes for and 10.5M against.
Sonic Automotive posts Q4 record revenue $3.9B; EPS $1.67; declares $0.35 dividend
Record quarterly revenue of $3.9B, up 9% YoY; net income $58.6M (EPS $1.67) up 51%.
Sonic Automotive raises base salaries for CEO, President, CFO; grants performance RSUs
CEO David Bruton Smith base salary increased from $1,336,366 to $1,737,276 (30% raise).
Sonic Automotive enters $149M mortgage loan facility maturing 2027
Credit agreement with PNC Bank establishes a $149,137,000 syndicated mortgage loan facility maturing November 17, 2027.
Sonic Automotive Q3 GAAP EPS up 11% to $2.13; adjusted EPS down 38%; dividend raised 17%
Revenue $3.5B, down 4% YoY; GAAP net income $74.2M ($2.13 diluted EPS), up 8% and 11% YoY respectively.
Sonic Automotive reports $0.64 EPS hit from CDK cyber incident; systems restored
CDK cyber incident on June 19 disrupted DMS and CRM systems; access now restored as of this filing.
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%.
Sonic Automotive updates CDK cyber incident; expects material adverse impact on Q2 earnings
DMS basic functionality restored as of July 5; CRM and certain DMS functions remain offline.
Sonic Automotive reports cybersecurity incident at CDK Global disrupting DMS and CRM systems.
On June 19, 2024, CDK Global notified Sonic that it suspended certain systems due to a cybersecurity incident.
Sonic Automotive Q1 revenue down 3% to $3.4B; EchoPark adjusted EBITDA hits record $7.3M
Reported EPS $1.20 (-7% YoY); adjusted EPS $1.36 (+2% YoY).
Sonic Automotive shareholders elect all 9 director nominees, ratify auditor, approve say-on-pay
All 9 director nominees elected; votes for ranged from 127.1M to 134.0M, no opposition majority.
Fifth Amendment to Mortgage Facility executed March 22, 2024 with PNC Bank and other lenders.
Total floor plan commitments cut by $550M from $2.95B to $2.4B; new vehicle floor plan up $320M to $1.35B.
Q4 revenues $3.6B flat YoY; reported EPS $1.11 (incl $16.7M impairment); adj EPS $1.63.
Sonic Automotive sets 2024 bonus criteria and grants RSUs to three executives
2024 cash bonuses tied to adjusted EPS and customer satisfaction goals; payouts by March 15, 2025.
Sonic Automotive Q3 revenue record $3.6B; net income down 22% YoY to $68.4M
Record Q3 revenue $3.6B (+6% YoY); gross profit $582.2M flat; net income $68.4M (-22%); diluted EPS $1.92 (-14%).
Sonic Automotive corrects director resignation date in 8-K/A; Harris to depart Aug 31
John W. Harris III notified resignation on July 26, 2023 (corrected from July 21), effective August 31, 2023.
Director John W. Harris III resigns from Sonic Automotive board effective Aug 31, 2023
John W. Harris III notified Sonic Automotive of his resignation from the Board of Directors on July 21, 2023.
All-time record quarterly revenue of $3.7B, up 4% YoY; gross profit of $568.9M, down 3%.
Sonic Automotive suspends operations at 8 EchoPark locations; expects $60-80M impairment charge
Indefinite suspension at eight EchoPark locations and related delivery/buy centers due to pre-owned market volatility.
Sonic Automotive shareholders approve all 6 proposals at 2023 annual meeting
All 10 director nominees elected with highest vote 135.2M for David Bruton Smith, lowest 127.6M for R. Eugene Taylor.
Sonic Automotive Q1 revenue record $3.5B, net income down 51% YoY; dividend raised 3.6%
Record Q1 revenue of $3.5B, up 1% YoY; gross profit $553.5M, down 3%.
Sonic Automotive dismisses KPMG, appoints Grant Thornton as auditor
Audit Committee dismissed KPMG as independent auditor effective March 17, 2023 after a competitive process.
Q4 2022 revenue $3.6B (record), up 13% YoY; full-year revenue $14B (record), up 13% YoY.
Sonic Automotive sets 2023 bonus and RSU grants for CEO, President, CFO
Compensation Committee set 2023 cash bonus criteria: adjusted EPS and customer satisfaction goals.
Sonic Automotive closes $320M term loan and extends Mortgage Facility to 2027
Incurred $320M term loan under amended Mortgage Facility; used $77.6M to repay prior term loan.
Sonic Automotive restates Q1-Q2 2022 fleet revenue; internal control material weakness
Restatement corrects overstatement of fleet new vehicle revenue by $130.4M (Q1) and $146.6M (Q2); no impact on gross profit or net income.
Sonic Automotive Q3 2022: record revenue $3.4B, net income $87.3M, dividend raised 12%
Record Q3 revenue $3.4B (+12% YoY); gross profit $580.7M (+23%).
Sonic Automotive amends credit agreement; replaces LIBOR with Term SOFR
Amendment No. 2 replaces LIBOR-based Eurodollar rate with one-month Term SOFR as reference rate.
Sonic Automotive elects David Bruton Smith as Chairman; B. Scott Smith rejoins board
David Bruton Smith, current CEO, elected Chairman of the Board effective July 27, 2022.
Record quarterly revenue $3.7B (+9% YoY) and gross profit $588.8M (+15% YoY).
Sonic Automotive founder and Executive Chairman O. Bruton Smith dies on June 22, 2022
O. Bruton Smith, founder and Executive Chairman, passed away on June 22, 2022.
Sonic Automotive Q1 record revenue $3.6B, EPS $2.33 up 89% YoY; raises dividend 108%
Record Q1 revenue $3.6B (+28.7% YoY); diluted EPS $2.33 (+89.4% YoY).
Sonic Automotive shareholders elect all 10 director nominees, ratify KPMG, approve say-on-pay
All 10 director nominees elected with votes-for ranging from 127.2M to 138.8M.
Sonic Automotive files RFJ Auto financials; 9M21 sales $2.27B, net income $63M
Acquisition closed Dec 6, 2021; purchase price ~$700M for goodwill/intangibles plus inventory values.
Sonic Automotive reports record Q4 revenue $3.2B, EPS $2.66 (adj.)
Q4 record revenue $3.2B, up 13.8% YoY; net income $96.3M ($2.25 diluted EPS).
Sonic Automotive board loses two directors, adds Michael Hodge; comp set for 2022
Directors Victor H. Doolan and Robert Heller will not seek reelection at the 2022 annual meeting; terms end on that date.
Sonic Automotive completes $950M acquisition of RFJ Auto Partners; adds 33 locations
Total consideration ~$950.2M; $222.4M funded from floor plan credit facilities.
On Oct 28, 2021, Sonic redeemed all outstanding 6.125% Senior Subordinated Notes due 2027.
Record Q3 revenue $3.1B (+20.6% YoY), diluted EPS $1.96 vs $1.35 in prior year.
On July 26, 2023, John W. Harris III, notified the Company of his decision to resign from the Board of Directors of the Company, effective as of August 31, 2023.
Also on July 27, 2022, the Board of the Company elected B. Scott Smith, Co-Founder of the Company and a greater than 10% beneficial owner of the Company, to the Board to fill the vacancy created by the passing of O. Bruton Smith, effective that day, with a term expiring at the Company’s 2023 annual meeting of stockholders.
On July 27, 2022, the Board of Directors (the “Board”) of Sonic Automotive, Inc. (the “Company”) elected David Bruton Smith, the Company’s Chief Executive Officer and a member of the Board, to also serve as Chairman of the Board, effective that day.
Victor H. Doolan and Robert Heller notified Sonic Automotive, Inc. (the “Company”) of his intention not to seek reelection to the Company’s board of directors
Victor H. Doolan and Robert Heller notified Sonic Automotive, Inc. (the “Company”) of his intention not to seek reelection to the Company’s board of directors
Max materiality 0.90 · Median 0.70 · Most common event earnings