Sonic Automotive Reports 1st Quarter 2020 Results With All-Time Record EchoPark Revenue And Unit Sales
Sonic Automotive, Inc. (SAH)
Last sonic automotive, inc. earnings: 4/29 07:00 am
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US:NYSE Investor Relations:
sonicautomotive.com/investor-relations.htm
Company Research
Source: Business Wire
Strengthens Balance Sheet and Liquidity CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Inc. (“Sonic” or the “Company”) (NYSE:SAH), one of the nation’s largest automotive retailers, today reported financial results for the first quarter ended March 31, 2020. The Company also provided a business update regarding the effects of the COVID-19 pandemic, and the actions Sonic is taking to protect the health and safety of its guests and teammates.In the first quarter of 2020, the Company was required to record a non-cash goodwill impairment charge of $268.0 million related to its franchised dealerships reporting unit as a result of a decrease in the Company’s market value due to the COVID-19 pandemic’s effect on the stock market and expected reduction in economic activity in the near term. Including the effect of this non-cash goodwill impairment charge, the Company reported GAAP loss per diluted share from continuing operations of $4.67 for the first quarter of 2020, compared to GAAP
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SAH
News
- Sonic Automotive to regrow, revise EchoPark network [Yahoo! Finance]Yahoo! Finance
- Sonic Automotive (NYSE:SAH) was upgraded by analysts at Barclays PLC to a "hold" rating.MarketBeat
- Sonic Automotive (NYSE:SAH) is now covered by analysts at Barclays PLC. They set a "neutral" rating on the stock.MarketBeat
- Sonic Automotive (NYSE:SAH) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating.MarketBeat
- Sonic Automotive (NYSE:SAH) had its price target lowered by analysts at JPMorgan Chase & Co. from $76.00 to $70.00. They now have an "underweight" rating on the stock.MarketBeat
SAH
Earnings
- 10/23/25 - Miss
SAH
Sec Filings
- 10/23/25 - Form 10-Q
- 10/23/25 - Form 8-K
- SAH's page on the SEC website