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

Sonic Automotive Q3 revenue falls 4% to $3.5 billion; net income rises 8%

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanySonic Automotive (SAH)
Form8-K, current report
Filed with the SECOct 24, 2024, 8:45 AM ET
Accession number0001043509-24-000069

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 October 24, 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.