Every material Form 8-K Sonic Automotive filed with the SEC in 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 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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Sonic Automotive filing is on SEC EDGAR ↗. 8-K briefs of other companies →