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May 22, 2015 10:00 PM ET

Specialty Retail

Company Overview of Sonic Automotive Inc.

Company Overview

Sonic Automotive, Inc. operates as an automotive retailer in the United States. It operates through two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks; sale replacement parts; provision of vehicle maintenance, manufacturer warranty repairs, paint, and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products. The EchoPark segment operates stand-alone pre-owned specialty retail locations, which enables customers to search, buy, service, and sell their pre-owned vehicles. As of December 31, 2014, it operated 118 franch...

4401 Colwick Road

Charlotte, NC 28211

United States

Founded in 1997

9,300 Employees

Phone:

704-566-2400

Key Executives for Sonic Automotive Inc.

Co-Founder, Chairman and Chief Executive Officer
Age: 87
Total Annual Compensation: $1.2M
Co-Founder, President, Chief Strategic Officer and Director
Age: 46
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice President
Age: 48
Total Annual Compensation: $642.7K
Executive Vice President of Operations
Age: 47
Total Annual Compensation: $922.5K
Compensation as of Fiscal Year 2014.

Sonic Automotive Inc. Key Developments

Sonic Automotive Inc. Declares Quarterly Cash Dividend, Payable on July 15, 2015

Sonic Automotive Inc. announced that its Board of Directors approved a quarterly dividend of $0.025 per share payable in cash for stockholders of record on June 15, 2015. The dividend will be payable on July 15, 2015.

Sonic Automotive Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Announces Impairment Charges for the First Quarter Ended March 31, 2015

Sonic Automotive Inc. reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company's total revenues were $2,235,515,000 compared to $2,136,386,000 a year ago. Operating income was $41,496,000 compared to $50,643,000 a year ago. Income from continuing operations before taxes was $23,589,000 compared to $32,233,000 a year ago. Income from continuing operations was $14,389,000 or $0.28 per diluted share compared to $19,984,000 or $0.38 per diluted share a year ago. Net income was $13,967,000 or $0.27 per diluted share compared to $19,386,000 or $0.36 per diluted share a year ago. Adjusted earnings were $18,800,000 or $0.37 per diluted share. Adjusted net income was $18,378,000 or $0.36 per diluted share. The company also announced impairment charges of $6,192,000 for the first quarter ended March 31, 2015 compared to $3,000 a year ago.

Sonic Automotive Inc. to Report Q1, 2015 Results on Apr 21, 2015

Sonic Automotive Inc. announced that they will report Q1, 2015 results at 7:30 AM, US Eastern Standard Time on Apr 21, 2015

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