SONIC AUTOMOTIVE, INC.
boothcheck covers SONIC AUTOMOTIVE, INC. (SAH) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed August 8, 2026.
• The durable profit in a franchised dealer group is made in the service bays rather than the showroom, and Sonic's FY2025 annual report has Fixed Operations revenue up 12% with ⟦"Fixed Operations gross profit increased 15% in 2025"⟧. • The cyclical half is moving the other way: retail new vehicle gross profit fell $133 per unit to $3,002 in the March 2026 quarter, and franchise rights were written down by about 173.1 million dollars in 2025. • EchoPark is the piece the next quarterly print shou
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217 institutional managers reported holding SAH in 13F filings for the quarter ended 2026-03-31. Together they hold about 42% of the company; the top 10 hold 26%. 32 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 2.5M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (10.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SAH has cut its share count 19.2% over the past five years, spending $743.09M on repurchases. It pays a dividend; the current rate is $0.24 a share annually. Cash returned over the past three years: $339.40M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at SAH over the trailing three years: 2026: 6 buys totaling $5.99M. 10 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SAH's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-28 | -3.5% | -3.0% |
| 2023-10-27 | +13.0% | +14.6% |
| 2024-02-23 | -5.9% | +20.2% |
| 2024-04-26 | +21.6% | -12.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SAH's latest 8-K filings: 2026-07-30 (items 2.02, 7.01, 9.01); 2026-05-08 (items 5.02); 2026-05-01 (items 5.02, 5.07, 9.01); 2026-04-30 (items 2.02, 7.01, 9.01); 2026-04-02 (items 1.01, 2.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: August 8, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.