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AI brief of an SEC Form 8-K · Sonic Automotive (SAH)

Sonic Automotive Q2 revenue falls 5% to $3.5 billion; GAAP EPS rises 82% to $1.18

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanySonic Automotive (SAH)
Form8-K, current report
Filed with the SECAug 5, 2024, 8:48 AM ET
Accession number0001043509-24-000062

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.