Sonic Automotive Q1 revenue rises 1% to $3.7 billion; net income falls 14%
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:54 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 April 30, 2026.
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.