Sonic Automotive posts Q2 net loss of $45.6 million on $172.4 million impairment charge
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:55 AM ET, from the text of the filing and its press-release exhibits 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 July 24, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.