Sonic Automotive, Inc. operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products. The EchoPark segment sells used cars and light trucks; and arranges finance and insurance product sales in pre-owned vehicle specialty retail locations. As of December 31, 2020, the company operated 96 new vehicle franchises representing 21 brands of cars and light trucks; 14 collision repair centers in 12 states; and 16 EchoPark stores. Sonic Automotive, Inc. was founded in 1997 and is based in Charlotte, North Carolina.
IPO Year: 1997
Exchange: NYSE
Website: sonicautomotive.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/23/2025 | $64.00 | Neutral | Citigroup |
| 3/19/2025 | $100.00 → $93.00 | Buy | Needham |
| 11/22/2024 | $74.00 | Neutral → Buy | Seaport Research Partners |
| 9/25/2024 | $40.00 → $58.00 | Underweight → Equal-Weight | Morgan Stanley |
| 9/12/2024 | $64.00 | Equal-Weight | Stephens |
| 8/20/2024 | $73.00 | Buy | Needham |
| 8/6/2024 | $58.00 → $63.00 | Neutral → Overweight | JP Morgan |
| 6/10/2024 | $53.00 → $58.00 | Underweight → Neutral | JP Morgan |
| 4/26/2024 | $55.00 → $68.00 | Underperform → Buy | BofA Securities |
| 10/31/2023 | $50.00 | Neutral → Underweight | JP Morgan |
EchoPark Reports All-Time Record Quarterly Gross Profit, Segment Income, and Adjusted EBITDA* Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we" "us" or "our") ((SAH), one of the nation's largest automotive retailers, today reported financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Summary First quarter record total revenues of $3.7 billion, up 8% year-over-year; total gross profit of $566.4 million, up 6% year-over-year Reported net income of $70.6 million, up 68% year-over-year ($2.04 earnings per diluted share, up 70% year-over-year) Reported net income for the first quarter of 2025 includes the effect of a $30.0 mill
Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2025 first quarter financial results on Thursday, April 24, 2025 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the Company's website at ir.sonicautomotive.com. To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. To dial in to the conference call
Fourth Quarter Results Include All-Time Record Quarterly Revenues of $3.9 Billion All-Time Record Annual EchoPark Segment Adjusted EBITDA* The Company Exceeded Its Technician Hiring Goal, Increasing Headcount By 335 Technicians In 2024 Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we," "us" or "our") (NYSE:SAH), one of the nation's largest automotive retailers, today reported financial results for the fourth quarter and fiscal year ended December 31, 2024. Fourth Quarter 2024 Financial Summary All-time record quarterly total revenues of $3.9 billion, up 9% year-over-year; total gross profit of $574.0 million, up 6% year-over-year Reported net income of $
Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2024 fourth quarter and full year financial results on Wednesday, February 12, 2025 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the Company's website at ir.sonicautomotive.com. To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. To dial in t
IRVINE, Calif., Dec. 6, 2024 /PRNewswire/ -- Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of Motorcycles of Charlotte and Motorcycles of Greensboro in North Carolina to Sonic Automotive from Mark and Gail Engel. Performance Brokerage Services, North America's highest volume dealership brokerage firm, is pleased to announce the sale of Motorcycles of Charlotte and Motorcycles of Greensboro in North Carolina to Sonic Automotive from Mark and Gail Engel. Sonic Automotive, a publicly traded Fortune 500 company headquartered in Charlotte, North Carolina (NYSE stock symbol: SAH), is ranked #6 on the 2024 Automotive News Top 150 Dealership Groups b
EchoPark Reports All-Time Record Quarterly Gross Profit, Segment Income, and Adjusted EBITDA* Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we" "us" or "our") ((SAH), one of the nation's largest automotive retailers, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Summary Total revenues of $3.5 billion, down 4% year-over-year; total gross profit of $543.6 million, down 7% year-over-year Reported net income of $74.2 million, up 8% year-over-year ($2.13 earnings per diluted share, up 11% year-over-year) Reported net income includes the pre-tax effects of $1.8 million in excess compensation expense pai
Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2024 third quarter financial results on Thursday, October 24, 2024 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the Company's website at ir.sonicautomotive.com. To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. To dial in to the conference cal
EchoPark Reported Record Second Quarter Adjusted EBITDA* The CDK Global Software Outage Is Estimated To Have Reduced Second Quarter GAAP Income Before Taxes By Approximately $30.0 Million, Or $0.64 In GAAP Diluted Earnings Per Share Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we" "us" or "our") ((SAH), one of the nation's largest automotive retailers, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Summary Total revenues of $3.5 billion, down 5% year-over-year; total gross profit of $539.1 million, down 5% year-over-year Reported net income of $41.2 million, up 76% year-over-year ($1.18 earnings
Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2024 second quarter financial results on Monday, August 5, 2024 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 10:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the Company's website at ir.sonicautomotive.com. To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. To dial in to the conference cal
EchoPark Segment Achieved All-Time Record Quarterly Adjusted EBITDA* in the First Quarter of 2024, Exceeding Previously Stated Target of Breakeven Adjusted EBITDA* in the First Quarter Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we," "us" or "our") ((SAH), one of the nation's largest automotive retailers, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Summary Total revenues of $3.4 billion, down 3% year-over-year; total gross profit of $536.2 million, down 3% year-over-year Reported net income of $42.0 million, down 12% year-over-year ($1.20 earnings per diluted share, down 7% year-over-year) Rep
Citigroup initiated coverage of Sonic Automotive with a rating of Neutral and set a new price target of $64.00
Needham reiterated coverage of Sonic Automotive with a rating of Buy and set a new price target of $93.00 from $100.00 previously
Seaport Research Partners upgraded Sonic Automotive from Neutral to Buy and set a new price target of $74.00
Morgan Stanley upgraded Sonic Automotive from Underweight to Equal-Weight and set a new price target of $58.00 from $40.00 previously
Stephens initiated coverage of Sonic Automotive with a rating of Equal-Weight and set a new price target of $64.00
Needham initiated coverage of Sonic Automotive with a rating of Buy and set a new price target of $73.00
JP Morgan upgraded Sonic Automotive from Neutral to Overweight and set a new price target of $63.00 from $58.00 previously
JP Morgan upgraded Sonic Automotive from Underweight to Neutral and set a new price target of $58.00 from $53.00 previously
BofA Securities upgraded Sonic Automotive from Underperform to Buy and set a new price target of $68.00 from $55.00 previously
JP Morgan downgraded Sonic Automotive from Neutral to Underweight and set a new price target of $50.00
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
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The dealership is announcing an inaugural Founders Club in celebration of its grand opening and to welcome in the 85th Annual Sturgis Rally Sonic Automotive, Inc. ("Sonic'' or the "Company") ((SAH), a Fortune 300 Company and one of the nation's largest automotive and powersports retailers, today announced the first motorcycle sale at its all-new Sturgis Harley-Davidson dealership located in the heart of downtown Sturgis, South Dakota. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250520529498/en/Dan Ostermann from Keystone, South Dakota, with his 2024 Harley-Davidson® CVO Pan America®, Tim Sutherland, Sales Manager, Sturgis Ha
EchoPark Reports All-Time Record Quarterly Gross Profit, Segment Income, and Adjusted EBITDA* Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we" "us" or "our") ((SAH), one of the nation's largest automotive retailers, today reported financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Summary First quarter record total revenues of $3.7 billion, up 8% year-over-year; total gross profit of $566.4 million, up 6% year-over-year Reported net income of $70.6 million, up 68% year-over-year ($2.04 earnings per diluted share, up 70% year-over-year) Reported net income for the first quarter of 2025 includes the effect of a $30.0 mill
Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2025 first quarter financial results on Thursday, April 24, 2025 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the Company's website at ir.sonicautomotive.com. To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. To dial in to the conference call
Fourth Quarter Results Include All-Time Record Quarterly Revenues of $3.9 Billion All-Time Record Annual EchoPark Segment Adjusted EBITDA* The Company Exceeded Its Technician Hiring Goal, Increasing Headcount By 335 Technicians In 2024 Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we," "us" or "our") (NYSE:SAH), one of the nation's largest automotive retailers, today reported financial results for the fourth quarter and fiscal year ended December 31, 2024. Fourth Quarter 2024 Financial Summary All-time record quarterly total revenues of $3.9 billion, up 9% year-over-year; total gross profit of $574.0 million, up 6% year-over-year Reported net income of $
Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2024 fourth quarter and full year financial results on Wednesday, February 12, 2025 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the Company's website at ir.sonicautomotive.com. To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. To dial in t
Sale of New Orleans' #1 dealership marks Kerrigan Advisors' 282nd dealership sold, 132nd franchise sold in the Southern region and 69th luxury franchise sold since 2014; sale underscores trend of largest auto groups acquiring higher volume dealerships, as reported in Kerrigan Advisor's Third Quarter 2024 Blue Sky Report® Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented New Orleans-based Bohn Brothers Automotive Group in the sale of its Audi New Orleans dealership, the #1 Audi dealership in Louisiana, to Charlotte, NC-based Sonic Automotive Group (NYSE:SAH), one of the largest automotive retailers in the United States. "We are p
The acquisition marks the company's first franchise automotive location in Louisiana Sonic Automotive, Inc. ("Sonic'' or the "Company") ((SAH), a Fortune 500 Company and one of the nation's largest automotive and powersports retailers, today announced the recent acquisition of Audi New Orleans, located in Metairie, Louisiana, serving the greater New Orleans area. The Company purchased Audi New Orleans from the Bohn Brothers Automotive Group, which has a deep history of automotive dealership operations in Louisiana. Audi New Orleans opened its doors in June 2009, continuing a tradition of quality automotive sales and service established by George Bohn, Sr., in the greater New Orleans are
IRVINE, Calif., Dec. 6, 2024 /PRNewswire/ -- Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of Motorcycles of Charlotte and Motorcycles of Greensboro in North Carolina to Sonic Automotive from Mark and Gail Engel. Performance Brokerage Services, North America's highest volume dealership brokerage firm, is pleased to announce the sale of Motorcycles of Charlotte and Motorcycles of Greensboro in North Carolina to Sonic Automotive from Mark and Gail Engel. Sonic Automotive, a publicly traded Fortune 500 company headquartered in Charlotte, North Carolina (NYSE stock symbol: SAH), is ranked #6 on the 2024 Automotive News Top 150 Dealership Groups b
Relocation to Stafford, Texas, offers more inventory and an enhanced shopping experience Sonic Automotive, Inc. ("Sonic'' or the "Company") ((SAH), a Fortune 500 Company and one of the nation's largest automotive and powersports retailers, today announced the relocation of EchoPark Automotive Houston Southwest Freeway to a new, larger state-of-the-art experience center at 12057 Southwest Freeway in Stafford, Texas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241205819808/en/EchoPark Automotive Houston Southwest Freeway (Photo: Business Wire) EchoPark Automotive, a subsidiary of Sonic Automotive, opened the original Houston
EchoPark Reports All-Time Record Quarterly Gross Profit, Segment Income, and Adjusted EBITDA* Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we" "us" or "our") ((SAH), one of the nation's largest automotive retailers, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Summary Total revenues of $3.5 billion, down 4% year-over-year; total gross profit of $543.6 million, down 7% year-over-year Reported net income of $74.2 million, up 8% year-over-year ($2.13 earnings per diluted share, up 11% year-over-year) Reported net income includes the pre-tax effects of $1.8 million in excess compensation expense pai
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The dealership is announcing an inaugural Founders Club in celebration of its grand opening and to welcome in the 85th Annual Sturgis Rally Sonic Automotive, Inc. ("Sonic'' or the "Company") ((SAH), a Fortune 300 Company and one of the nation's largest automotive and powersports retailers, today announced the first motorcycle sale at its all-new Sturgis Harley-Davidson dealership located in the heart of downtown Sturgis, South Dakota. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250520529498/en/Dan Ostermann from Keystone, South Dakota, with his 2024 Harley-Davidson® CVO Pan America®, Tim Sutherland, Sales Manager, Sturgis Ha
Rachel Richards Retires After a Distinguished 40-Year Career in the Automotive Industry Sonic Automotive, Inc. ("Sonic'' or the "Company") ((SAH), a Fortune 500 Company and one of the nation's largest automotive and powersports retailers, today announced the retirement of Rachel Richards as the company's Chief Marketing Officer (CMO). Dino Bernacchi will be promoted to Chief Marketing Officer of the company effective May 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430693488/en/Rachel Richards, Sonic Automotive, Inc. (Photo: Business Wire) Rachel Richards joined Sonic Automotive in 2006 as the company's Vice Pres
Carvelli Appointed as First CTO of Sonic Automotive and EchoPark Automotive Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), a Fortune 500 company and one of the nation's largest automotive retailers, today announced the appointment of Stephen Carvelli as Chief Technology Officer of Sonic Automotive and EchoPark Automotive, a subsidiary of Sonic Automotive. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220322005129/en/Stephen Carvelli CTO, Sonic Automotive (Photo: Business Wire) Carvelli joins the company after most recently serving as the Vice President of Software Development Engineering for Com
Dino Bernacchi Appointed as First CMO of EchoPark Automotive as Nationwide Expansion Continues Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), a Fortune 500 company and one of the nation's largest automotive retailers, today announced the appointment of Dino Bernacchi as Chief Marketing Officer of EchoPark Automotive, the Company's growing nationwide pre-owned vehicle segment, effective October 4, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211004005256/en/Dino Bernacchi (Photo: Business Wire) Bernacchi joins EchoPark Automotive after most recently serving as the Senior Vice President of
Thien Truong Appointed as the First CRO for EchoPark Automotive Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), a Fortune 500 company and one of the nation's largest automotive retailers, today announced the appointment of Thien Truong as Chief Revenue Officer of EchoPark Automotive, the Company's growing nationwide pre-owned vehicle segment, effective October 4, 2021. Truong is a fintech industry veteran with over 25 years of leadership and managerial experience building transformative products and solutions for companies including Coinstar and American Express. Truong joins Sonic's pre-owned vehicle segment from Brightloom, where he served as the company'