Every material Form 8-K Sonic Automotive has filed with the SEC since August 05, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Sonic Automotive reported record third-quarter 2026 total revenues of $4.0 billion, up 0.4% year-over-year, but net income fell 12% to $41.1 million and diluted earnings per share fell 4% to $1.28. The board also approved a quarterly cash dividend of $0.41 per share, up from $0.38 a year earlier, payable January 15, 2027.
Total revenues of $4.0 billion, up 0.4%; gross profit of $617.5 million, up 0.3%
Net income of $41.1 million, down 12%; diluted EPS of $1.28, down 4%; adjusted diluted EPS of $1.30, down 8%
EchoPark retail used vehicle unit sales volume of 19,923, up 22%
Quarterly dividend of $0.41 per share, payable January 15, 2027 to holders of record December 15, 2026
Sonic Automotive reported second-quarter 2026 revenue of $3.9 billion, up 8% year over year, and gross profit of $616.2 million, up 2%. Reported net income rose to $57.4 million from a loss of $45.6 million a year earlier, which included impairment charges, but adjusted net income fell 23% to $58.3 million. The Board also approved a quarterly dividend of $0.41 per share.
Total revenues $3.9 billion, up 8%; gross profit $616.2 million, up 2%
Reported diluted EPS $1.79 versus a loss of $1.34 a year earlier; adjusted diluted EPS $1.82, down 17%
EchoPark retail used unit volume up 17% to 19,601; EchoPark segment income $7.2 million, down 38%
Quarterly dividend of $0.41 per share, payable October 15, 2026, to holders of record on September 15, 2026
Sonic Automotive's Compensation Committee approved performance-based restricted stock unit grants to three executive officers, effective May 6, 2026. The awards are tied to the company's adjusted earnings per share for 2026 and vest in installments through February 2029, so they align executive pay with future per-share results.
Grants: David Bruton Smith 69,872 units; Jeff Dyke 38,175 units; Heath R. Byrd 26,183 units
Awards are subject to forfeiture based on achievement of defined adjusted EPS measures for calendar year 2026
Vesting: 25% on March 31, 2027; 30% on February 11, 2028; 45% on February 11, 2029, subject to the performance condition
At its April 29, 2026 annual meeting, Sonic Automotive stockholders approved a new 2026 Equity Incentive Plan, which replaces the 2012 Stock Incentive Plan, and re-elected all nine director nominees. The filing also reports approval of the auditor, an advisory say-on-pay vote, and an amended director restricted stock plan, so shareholders should note the new share reserve for future equity awards.
The 2026 Equity Incentive Plan reserves 2,318,148 Class A shares, including 318,148 shares left available under the 2012 plan, and runs until February 10, 2036.
The equity plan received 133,026,040 votes for and 5,662,777 votes against, with 2,955 abstentions and 1,961,571 broker non-votes.
The advisory vote on fiscal 2025 executive pay received 133,238,802 votes for and 5,439,356 against.
Grant Thornton LLP was ratified as the independent auditor for fiscal 2026 with 140,643,605 votes for and 1,535 against.
Sonic Automotive reported first quarter 2026 results, with total revenues of $3.7 billion, up 1%, and gross profit of $598.8 million, up 6%. Net income fell 14% to $60.8 million, and diluted earnings per share fell 12% to $1.79, though the prior-year quarter included a $30.0 million pre-tax cyber insurance gain. The board also raised the quarterly dividend 8% and approved an additional $500 million share repurchase authorization.
Total revenues $3.7 billion, up 1%; gross profit $598.8 million, up 6%
Net income $60.8 million, down 14%; diluted EPS $1.79, down 12%; adjusted diluted EPS $1.62, up 9%
Quarterly dividend raised 8% to $0.41 per share, payable July 15, 2026 to holders of record June 15, 2026
Board approved $500 million in added buyback authority; total unused repurchase authority is $528 million
Sonic Automotive entered into a Bridge Facility Credit Agreement with PNC Bank on March 27, 2026, and borrowed the full $150 million available under it. The loan matures on the earlier of 364 days after closing or a refinancing of its existing PNC Mortgage Facility, and carries interest of Term SOFR plus 2.50% or a base rate plus 1.50%. For shareholders, this adds $150 million of short-term debt, with the filing noting customary covenants that could restrict dividends and other payments.
Bridge facility totals $150 million, fully drawn on March 27, 2026, from PNC Bank as administrative agent and lender
Loan matures on the earlier of 364 days after closing or a refinancing of the PNC Mortgage Facility
Interest is Term SOFR plus 2.50% per annum or base rate plus 1.50%, at the company's option
Facility can be prepaid without premium or penalty; covenants could restrict indebtedness and dividends
Sonic Automotive reported fourth-quarter 2025 revenue of $3.9 billion, down 1%, and net income of $46.9 million, down 20%, while full-year revenue rose 7% to a record $15.2 billion. Full-year net income fell 45% to $118.7 million, reflecting a $173.8 million non-cash impairment charge, and the board approved a $0.38 quarterly dividend payable April 15, 2026.
Q4 2025 diluted EPS was $1.36, down 19%; adjusted diluted EPS was $1.52, up 1%
Q4 gross profit was a record $598.7 million, up 4%
Full-year 2025 diluted EPS was $3.42, down 45%, including a $173.8 million second-quarter impairment charge
Quarterly dividend of $0.38 per share is payable April 15, 2026 to holders of record on March 13, 2026
Sonic Automotive's Compensation Committee set 2026 performance criteria for cash bonuses for Chairman and CEO David Bruton Smith, President Jeff Dyke, and CFO Heath R. Byrd. Bonus amounts will be determined after the performance period ends and paid by March 15, 2027, so the filing does not show a financial result or a payout amount.
Bonus parameters were set February 11, 2026 for the January 1, 2026 through December 31, 2026 performance period.
Bonuses are tied to adjusted earnings per share goals and customer satisfaction goals based on the share of dealerships meeting manufacturer objectives.
Actual bonus amounts will be determined by the Compensation Committee and paid no later than March 15, 2027.
Sonic Automotive reported third quarter 2025 total revenues of $4.0 billion, up 14% and an all-time quarterly record, with gross profit of $615.5 million, also a record. Net income fell 37% to $46.8 million and diluted earnings per share fell 38% to $1.33, driven by a significant increase in medical expenses and a higher effective tax rate. The board approved a quarterly dividend of $0.38 per share, up from $0.30 a year earlier.
Total revenues of $4.0 billion rose 14% and gross profit of $615.5 million rose 13%, both all-time quarterly records.
Net income of $46.8 million fell 37%; diluted earnings per share of $1.33 fell 38%.
Excluding listed items, adjusted diluted earnings per share were $1.41, up 12%.
Board approved a $0.38 quarterly dividend, payable January 15, 2026, to stockholders of record on December 15, 2025.
Sonic Automotive reported second quarter 2025 revenue of $3.7 billion, up 6% year-over-year, but a net loss of $45.6 million, or $1.34 per diluted share, after a $172.4 million non-cash franchise asset impairment charge. The company also raised its quarterly cash dividend 9% to $0.38 per share, which matters to shareholders because it increases the regular cash payment while GAAP results turned to a loss.
Total revenues were $3.7 billion, up 6%, and gross profit was $602.2 million, up 12%.
Reported net loss was $45.6 million, or $1.34 per share, compared with net income of $41.2 million, or $1.18 per diluted share, a year earlier.
Excluding certain items, adjusted earnings per diluted share were $2.19, up 49%, a non-GAAP measure the company defines.
Quarterly dividend rises to $0.38 per share, payable October 15, 2025, to holders of record on September 15, 2025.
Sonic Automotive reported first-quarter 2025 revenue of $3.7 billion, up 8% year over year, and net income of $70.6 million, up 68%. The company included a $30.0 million pre-tax gain from cyber insurance proceeds in those results and said it updated or withdrew certain items of its 2025 guidance because of uncertainty about tariffs.
Diluted earnings per share were $2.04, up 70%; adjusted diluted earnings per share were $1.48, up 9%
EchoPark Segment posted an all-time record quarterly gross profit of $63.9 million and segment income of $10.3 million
Board approved a quarterly cash dividend of $0.35 per share, payable July 15, 2025 to holders of record on June 13, 2025
Sonic Automotive reported fourth quarter 2024 revenue of $3.9 billion, up 9% year-over-year, with reported net income of $58.6 million, up 51%, and diluted earnings of $1.67 per share, up 50%. For the full year, revenue was $14.2 billion, down 1%, while reported net income rose 21% to $216.0 million; adjusted net income fell 7% in the quarter and 20% for the year, and the board approved a $0.35 per share quarterly dividend.
Q4 2024 total revenues $3.9 billion, up 9%; reported net income $58.6 million, up 51%; diluted EPS $1.67, up 50%
Q4 adjusted net income $53.1 million, down 7%; adjusted diluted EPS $1.51, down 7%
Full year 2024 revenues $14.2 billion, down 1%; reported net income $216.0 million, up 21%; diluted EPS $6.18, up 24%
Board approved quarterly cash dividend of $0.35 per share, payable April 15, 2025, to holders of record on March 14, 2025
On February 5, 2025, Sonic Automotive's Compensation Committee set 2025 performance bonus criteria tied to adjusted earnings per share and customer satisfaction, granted performance-based restricted stock units, and approved higher base salaries retroactive to January 1, 2025. Shareholders may track these awards because the salary increases raise fixed executive pay, while the bonuses and RSUs depend on the company's 2025 adjusted earnings per share.
Base salaries rise retroactive to January 1, 2025: David Bruton Smith (Chairman and CEO) from $1,336,366 to $1,737,276; Jeff Dyke (President) from $1,193,230 to $1,491,538; Heath R. Byrd (EVP and CFO) from $930,000 to $1,023,000.
Performance-based RSU grants of 53,035 units to Smith, 30,135 to Dyke and 23,487 to Byrd, subject to forfeiture based on 2025 adjusted EPS, with vesting on March 31, 2026 (25%), February 5, 2027 (30%) and February 5, 2028 (45%).
2025 bonuses are tied to adjusted EPS and dealership customer satisfaction goals for the January 1 to December 31, 2025 Performance Period, with amounts to be determined by March 15, 2026.
On December 27, 2024, Sonic Automotive and certain subsidiaries entered into a credit agreement with PNC Bank as administrative agent, establishing a syndicated mortgage loan facility with maximum lender commitments of $149,137,000 that matures on November 17, 2027. The facility is separate from an existing PNC Mortgage Facility, which remains outstanding, and is secured by liens on certain subsidiary-owned properties and guaranteed by subsidiaries.
Maximum aggregate lender commitments of $149,137,000, available upon satisfaction of funding conditions
Facility matures November 17, 2027; interest priced above SOFR or the Base Rate on a leverage-based pricing grid
Secured by liens on certain subsidiary properties and guaranteed by subsidiaries under a Subsidiary Guaranty Agreement dated December 27, 2024
Agreement includes customary covenants and events of default; the company could be required to repay all amounts upon a default
Sonic Automotive reported third quarter 2024 total revenues of $3.5 billion, down 4% year over year, and gross profit of $543.6 million, down 7%. Reported net income rose 8% to $74.2 million, but that figure includes a $31.0 million income tax benefit from an out-of-period adjustment, and adjusted net income fell 39% to $44.0 million. The board also approved a 17% increase in the quarterly cash dividend to $0.35 per share.
Total revenues of $3.5 billion, down 4%; gross profit of $543.6 million, down 7%
Reported net income of $74.2 million, up 8%; diluted EPS of $2.13, up 11%
Adjusted net income of $44.0 million, down 39%; adjusted diluted EPS of $1.26, down 38%
Quarterly dividend raised 17% to $0.35 per share, payable January 15, 2025 to holders of record December 13, 2024
Sonic Automotive reported second quarter 2024 results, with total revenues of $3.45 billion, down 5% year over year, and reported diluted EPS of $1.18, up 82%. Excluding items including the estimated CDK Global outage impact, adjusted EPS was $1.47, down 20%, so shareholders face a mixed picture. The board also approved a quarterly dividend of $0.30 per share.
Total revenues of $3.5 billion, down 5%; gross profit of $539.1 million, down 5%
Reported net income of $41.2 million, up 76%; adjusted net income of $51.3 million, down 22%
CDK Global software outage estimated to have reduced Q2 GAAP pre-tax income by about $30.0 million, or $0.64 per diluted share
Quarterly cash dividend of $0.30 per share, payable October 15, 2024, to holders of record September 13, 2024
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