Sonic Automotive Inc (N:SAH)
Business Focus: Auto Vehicles, Parts & Service Retailers
| Sector: Consumer Cyclicals | Industry: Auto Vehicles, Parts & Service Retailers |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4401 Colwick Rd CHARLOTTE NC 28211-2311 |
| Tel: | 1-704-9273462 |
| Website: | https://www.sonicautomotive.com |
| IR: | See website |
| Key People | ||
| David Bruton Smith Chairman of the Board, Chief Executive Officer | Jeff Dyke President, Director | Heath R. Byrd Chief Financial Officer, Executive Vice President | Harry M. Harden Chief Human Resource Officer |
| Business Overview |
| Sonic Automotive, Inc. is an automotive retailer in the United States. The Company operates through three segments. The Franchised Dealerships segment provides comprehensive sales and services, including sales of both new and used cars and light trucks; sales of replacement parts and performance of vehicle maintenance, manufacturer warranty repairs, and paint and collision repair services, collectively, Fixed Operations; and arrangement of third-party financing, extended warranties, service contracts, insurance, and other aftermarket products, collectively, finance and insurance (F&I) for its guests. The EchoPark segment sells used cars and light trucks and arranges third-party F&I product sales for its guests in pre-owned vehicle specialty retail locations. The Powersports segment offers guests sales of both new and used powersports vehicles, such as motorcycles, personal watercraft, and all-terrain vehicles; Fixed Operations activities; and F&I services. |
| Financial Overview |
| For the three months ended 31 March 2024, Sonic Automotive Inc revenues decreased 3% to $3.38B. Net income decreased 12% to $42M. Revenues reflect EchoPark Segment decrease of 14% to $559.4M, Franchised Dealerships Segment decrease of less than 1% to $2.8B. Net income also reflects Interest expense, floor plan increase of 39% to $20.3M (expense), Depreciation and amortization increase of 6% to $36.3M (expense). |
| Employees: | 10,500 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $5,548M as of Mar 31, 2024 |
| Annual revenue (TTM): | $14,265M as of Mar 31, 2024 |
| EBITDA (TTM): | $651.60M as of Mar 31, 2024 |
| Net annual income (TTM): | $172.50M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$161.80M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $3,635M as of Mar 31, 2024 |
| Shares outstanding: | 33,891,146 as of Apr 23, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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