USX:SAH - Sonic Automotive Inc Sonic Automotive Inc
Sector: Consumer Discretionary, Industry: Automotive Retail
Next Earnings: 25 Apr 2024
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USD 48.06    -0.56 (-1.15%)

18 Apr 2024


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General

CEO: Mr. David Bruton Smith

IPO: 1997-11-12

Headquarters: US

Employees: 10,300

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Description

Sonic Automotive is one of the largest auto dealership groups in the United States. The company has 108 franchised stores in 18 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 25 EchoPark used-vehicle stores, 16 collision centers, and 13 powersports locations. The franchise stores derive revenue from new and used vehicles plus parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 86% of franchise new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute about 58% of new-vehicle revenue. BMW is the largest brand at about 25%. 2023's revenue was $14.4 billion, with EchoPark's portion totaling $2.4 billion. Sonic bought RFJ Auto in December 2021, which added $3.2 billion in sales.

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