Sonic Automotive, Inc., a Fortune 500 company based in Charlotte, North Carolina, is one of the nation's largest automotive retailers.

Company profile
Ticker
SAH
Exchange
Website
CEO
David Smith
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
AnTrev, LLC • Arngar, Inc. • Autobahn, Inc. • Avalon Ford, Inc. • Car Cash of North Carolina, Inc. • Cornerstone Acceptance Corporation • EP: AM Realty GA, LLC • EP: EchoPark AL, LLC • EP: EchoPark Automotive, Inc. • EP: EchoPark AZ, LLC ...
IRS number
562010790
SAH stock data
News
Sonic Automotive Says Company's Founder, Executive Chairman, Bruton Smith Passed Away
23 Jun 22
Sonic Automotive Picks Instabase For Invoice Processing
8 Jun 22
Morgan Stanley Maintains Underweight on Sonic Automotive, Lowers Price Target to $40
23 May 22
Benzinga's Top Ratings Upgrades, Downgrades For April 29, 2022
29 Apr 22
Seaport Global Downgrades Sonic Automotive to Neutral
29 Apr 22
Press releases
A Statement from David Smith, CEO of Sonic Automotive on the Passing of the Company's Founder and Executive Chairman Bruton Smith
23 Jun 22
Legendary Businessman, Philanthropist and NASCAR Hall of Famer Bruton Smith Passes Away
22 Jun 22
Sonic Automotive Celebrates the Start of Construction of Audi Downtown Nashville Heralding the Future of Luxury Automotive Retail
11 May 22
Sonic Automotive Continues to Grow its EchoPark Nationwide Distribution Network with Retail Hub Opening in St. Louis, Missouri
10 May 22
EchoPark Automotive Tampa Announces Winners of Student Mural Contest
9 May 22
Analyst ratings and price targets
Calendar
28 Apr 22
2 Jul 22
31 Dec 22
Financial summary
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Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Apr 22 | Brooks William R | Class A Common Stock | Grant | Acquire A | No | No | 0 | 3,373 | 0 | 103,316 |
28 Apr 22 | Michael Edward Hodge | Class A Common Stock | Grant | Acquire A | No | No | 0 | 3,373 | 0 | 3,373 |
28 Apr 22 | Taylor R Eugene | Class A Common Stock | Grant | Acquire A | No | No | 0 | 3,373 | 0 | 49,709 |
28 Apr 22 | Keri A Kaiser | Class A Common Stock | Grant | Acquire A | No | No | 0 | 3,373 | 0 | 10,160 |
28 Apr 22 | Belk William I | Class A Common Stock | Grant | Acquire A | No | No | 0 | 3,373 | 0 | 92,951 |
Institutional ownership, Q1 2022
83.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 200 |
Opened positions | 21 |
Closed positions | 37 |
Increased positions | 68 |
Reduced positions | 79 |
13F shares | Current |
---|---|
Total value | 977.24M |
Total shares | 22.97M |
Total puts | 0 |
Total calls | 22.7K |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 4.12M | $175.08M |
Vanguard | 2.31M | $98.28M |
Dimensional Fund Advisors | 1.83M | $77.97M |
WHG Westwood | 1.33M | $56.72M |
STT State Street | 850.11K | $36.35M |
Hotchkis & Wiley Capital Management | 794.66K | $33.78M |
LSV Asset Management | 680.8K | $28.94M |
MCQEF Macquarie | 607.17K | $25.81M |
Teewinot Capital Advisers, L.L.C. | 575.33K | $24.46M |
EVR Research | 470K | $19.98M |
Financial report summary
?Risks
- Our investment in new business strategies, services and technologies is inherently risky, and could disrupt our ongoing business or have a material adverse effect on our overall business and results of operations.
- Our ability to make acquisitions, execute our growth strategy for our EchoPark business and grow organically may be restricted by our ability to obtain capital, the terms of the instruments governing our long-term debt and the need to obtain consent from manufacturers.
- We may not adequately anticipate all of the demands that growth through strategic acquisitions or brand development will impose or be able to determine the actual financial condition of dealerships we acquire until after we complete the acquisition and take control of the dealerships. Failure to effectively integrate acquired businesses with our existing operations could adversely affect our future operating results.
- Our business could be adversely affected by the effects of pandemics like the COVID-19 pandemic and other natural disasters.
- Our facilities and operations are subject to extensive governmental laws and regulations. If we are found to be in violation of, or subject to liabilities under, any of these laws or regulations or if new laws or regulations are enacted that adversely affect our operations, then our business, operating results, financial condition, cash flows and prospects could suffer.
- Increasing competition among automotive retailers and the use of the internet reduces our profit margins on vehicle sales and related businesses.
- Challenges to the business model of our franchised dealerships from manufacturers and the effect of companies entering into the automotive space may affect our ability to grow or maintain the business over the long term.
- Our dealers depend upon new vehicle sales and, therefore, their success depends in large part upon consumer demand for and manufacturer supply of particular vehicles.
- Our business is dependent upon access to quality sources of used vehicle inventory. Our business sales and results of operations could be materially adversely affected by obstacles that prevent the efficient acquisition and liquidation of used vehicle inventory.
- A decline of available financing or rising financing costs in the consumer automotive lending market may adversely affect our vehicle unit sales volume.
- Our business may be adversely affected by import product restrictions and foreign trade risks that may impair our ability to sell foreign vehicles profitably.
- Changes in customer demand towards fuel efficient vehicles and electric vehicles, and resulting shifts by manufacturers to meet demand, could disrupt our ongoing business or have a material adverse effect on our overall business and results of operations.
- Our operations may be adversely affected if one or more of our manufacturer franchise or dealer agreements is terminated or not renewed.
- Our failure to meet a manufacturer’s customer satisfaction, financial and sales performance or facility requirements may adversely affect our profitability and our ability to acquire new dealerships.
- If state dealer laws are repealed or weakened, our dealerships will be more susceptible to termination, non-renewal or renegotiation of their franchise and dealer agreements.
- Our sales volume and profit margin on each sale may be materially adversely affected if manufacturers reduce or discontinue their incentive programs.
- Our sales volume may be materially adversely affected if manufacturer captives change their customer financing programs or are unable to provide floor plan financing.
- Our parts and service sales volume and margins are dependent on manufacturer warranty programs.
- Adverse conditions affecting one or more key manufacturers or lenders may negatively impact our results of operations.
- Manufacturer stock ownership restrictions may impair our ability to maintain or renew franchise or dealer agreements or to issue additional equity.
- Our significant indebtedness could materially adversely affect our financial health, limit our ability to finance future acquisitions, expansion plans and capital expenditures and prevent us from fulfilling our financial obligations.
- We may not have sufficient funds to meet our obligation to repay all or a substantial portion of the outstanding principal amount of our indebtedness when it becomes due.
- Our ability to make interest and principal payments when due to holders of our debt securities depends upon our future performance and our receipt of sufficient funds from our subsidiaries.
- Our use of hedging transactions could limit our financial gains or result in financial losses.
- Reforms to and uncertainty regarding LIBOR may adversely affect our business, financial condition and results of operations.
- Potential conflicts of interest between us and our officers or directors could adversely affect our future performance.
- Our business will be harmed if overall consumer demand suffers from a severe or sustained downturn.
- The outcome of legal and administrative proceedings we are or may become involved in could have a material adverse effect on our business, financial condition, results of operations, cash flows or prospects.
- Climate change legislation or regulations restricting emission of greenhouse gases could result in increased operating costs and reduced demand for the vehicles we sell.
- Employee attrition, the loss of key personnel and limited management and personnel resources could adversely affect our operations and growth.
- Natural disasters, adverse weather and other events can disrupt our business.
- Security breaches and other disruptions could compromise our information and expose us to liability, which would cause our business and reputation to suffer.
- We may be subject to substantial withdrawal liability assessments in the future related to a multiemployer pension plan to which certain of our dealerships make contributions pursuant to collective bargaining agreements.
- Tax positions may exist related to our tax filings that could be challenged by governmental agencies and result in higher income tax expenses and affect our overall liquidity if we are unable to successfully defend these tax positions.
- Impairment of our goodwill or other intangible assets could have a material adverse impact on our earnings.
Content analysis
?Positive | ||
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Readability |
H.S. sophomore Avg
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New words:
Award, discount, discounting, equal, exit, FASB, fundamental, guest, heightened, holding, jointly, minimum, Motorsport, newly, Northwest, premium, previously, Qualitative, Quantitative, reclassified, released, Retention, shown, sublease, subleased
Removed:
accelerated, accrual, adjusting, agent, Aid, allocating, Ally, America, area, backdrop, broader, charge, commute, critical, curtailed, daily, deemed, delivery, dependent, determining, employee, essential, estimable, extreme, factor, favorable, federal, funding, furloughed, generation, government, greater, identifying, immaterial, individually, initial, issuer, list, marketing, onset, partly, passed, presently, proceed, put, recognizing, recoverability, reduce, refine, relaxed, relief, request, response, returned, Security, September, spend, subordinated, suppressed, swing, terminated, train, travel, uncertain, virtual, winter
Financial reports
Current reports
8-K
Regulation FD Disclosure
22 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
28 Apr 22
8-K
Sonic Automotive Reports Record First Quarter Financial Results
28 Apr 22
8-K/A
Financial Statements and Exhibits
18 Feb 22
8-K
Sonic Automotive Reports All-Time Record Fourth Quarter and Full Year Revenues and Earnings Per Share
16 Feb 22
8-K
Departure of Directors or Certain Officers
11 Feb 22
8-K
Sonic Automotive Announces Completion of RFJ Auto Partners Acquisition
9 Dec 21
8-K
Termination of a Material Definitive Agreement
29 Oct 21
8-K
Sonic Automotive Reports Record Third Quarter Revenues and Earnings Per Share
28 Oct 21
8-K
Sonic Automotive Announces Closing of $1.15 Billion of Senior Notes in a Private Offering
27 Oct 21
Registration and prospectus
S-8
Registration of securities for employees
8 Jun 21
S-8
Registration of securities for employees
18 Jun 19
424B3
Prospectus supplement
11 Jun 17
S-8
Registration of securities for employees
26 Apr 17
S-8
Registration of securities for employees
7 May 15
424B3
Prospectus supplement
11 Jun 13
S-4/A
Registration of securities issued in business combination transactions (amended)
5 Jun 13
S-4
Registration of securities issued in business combination transactions
22 May 13
424B3
Prospectus supplement
20 Dec 12
Proxies
DEFA14A
Additional proxy soliciting materials
18 Mar 22
DEFA14A
Additional proxy soliciting materials
12 Mar 21
PRE 14A
Preliminary proxy
25 Feb 21
PX14A6G
Letter to shareholders
15 Apr 20
DEFA14A
Additional proxy soliciting materials
14 Apr 20
DEFA14A
Additional proxy soliciting materials
18 Mar 20
DEF 14A
Definitive proxy
18 Mar 20
DEFA14A
Additional proxy soliciting materials
13 Mar 19
Other
EFFECT
Notice of effectiveness
8 Jun 17
UPLOAD
Letter from SEC
1 Dec 16
CORRESP
Correspondence with SEC
20 Nov 16
UPLOAD
Letter from SEC
9 Nov 16
UPLOAD
Letter from SEC
18 Jan 16
CORRESP
Correspondence with SEC
6 Jan 16
UPLOAD
Letter from SEC
29 Dec 15
UPLOAD
Letter from SEC
8 Jan 14
CORRESP
Correspondence with SEC
7 Jan 14
UPLOAD
Letter from SEC
29 Dec 13
Ownership
4
SONIC AUTOMOTIVE / MARCUS G SMITH ownership change
29 Apr 22
4
SONIC AUTOMOTIVE / John W. Harris III ownership change
29 Apr 22
4
SONIC AUTOMOTIVE / R EUGENE TAYLOR ownership change
28 Apr 22
4
SONIC AUTOMOTIVE / Keri A Kaiser ownership change
28 Apr 22
4
SONIC AUTOMOTIVE / Michael Edward Hodge ownership change
28 Apr 22
4
SONIC AUTOMOTIVE / WILLIAM R BROOKS ownership change
28 Apr 22
4
SONIC AUTOMOTIVE / WILLIAM I BELK ownership change
27 Apr 22
4
SONIC AUTOMOTIVE / Paul P. Rusnak ownership change
12 Apr 22
4
SONIC AUTOMOTIVE / Heath Byrd ownership change
4 Apr 22
4
SONIC AUTOMOTIVE / JEFF DYKE ownership change
4 Apr 22
Transcripts
2022 Q1
Earnings call transcript
28 Apr 22
2021 Q4
Earnings call transcript
16 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
1 Aug 21
2021 Q1
Earnings call transcript
2 May 21
2020 Q4
Earnings call transcript
17 Feb 21
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q2
Earnings call transcript
2 Aug 20
2020 Q1
Earnings call transcript
2 May 20
2019 Q4
Earnings call transcript
19 Feb 20
Reddit threads
Pre-market summary - June 23rd
23 Jun 22
Daily Discussion Thread - June 14th, 2022
14 Jun 22
Daily Discussion Thread - June 13th, 2022
13 Jun 22
Teetering on the brink of a bear market, the Greed & Fear Index reaches a super low of 6.... out of 100
12 May 22
Daily Discussion Thread - April 28th, 2022
28 Apr 22
DOJ set to charge Bill Hwang with fraud
27 Apr 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
This nasty looking chart isn’t from Russia. It’s high yield Chinese real estate dollar bonds
14 Mar 22