Sonic Automotive Inc - Company Profile
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Sonic Automotive Inc (Sonic) is an automotive retailer that sells new and used cars, light trucks, and replacement parts of leading automotive brands through its network of franchised dealerships and pre-owned stores. The company also provides vehicle maintenance, manufacturer warranty repairs, and pain and collision repair services at its stores. It also offers arrangements of extended warranties, service contracts, financing, insurance and aftermarket products and services. It has operations in the states of Texas, California, Tennessee, Colorado, Florida, Alabama, North Carolina, Virginia, Georgia, Virginia, Maryland, Nevada, and South Carolina in the US. Sonic is headquartered in Charlotte, North Carolina, the US.
Headquarters
United States of America
Address
4401 Colwick Rd, Charlotte, North Carolina, 28211-2311
Website
www.sonicautomotive.com
Telephone
1 704 5662400
No of Employees
10,500
Industry
Automotive
Ticker Symbol & Exchange
SAH (NYSE)
Revenue (2023)
$14.4B
EPS
XYZ
Market Cap*
$1.7B
Net Profit Margin (2023)
XYZ
96.8%
* As of and is in US$
Sonic Automotive Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| New Vehicles | Vehicle Maintenance | Sonic |
| Used Vehicles | Financing and Insurance Services | EchoPark |
| Light Trucks | Manufacturer Warranty Repair | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Corporate Changes/Expansions | In March, the company announced the opening of Audi Downtown Nashville. |
| 2023 | Contracts/Agreements | In January, the company's division entered into a partnership with Matic to provide property and casualty insurance products to EchoPark guests. |
| 2022 | Acquisitions/Mergers/Takeovers | In August, the company acquired the US-based Audi Owings Mills. |
Competitor Comparison
| Key Parameters | Sonic Automotive Inc | Lithia Motors Inc | CarMax Inc | Penske Automotive Group Inc | AutoNation Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Charlotte | Medford | Richmond | Bloomfield Hills | Fort Lauderdale |
| State/Province | North Carolina | Oregon | Virginia | Michigan | Florida |
| No. of Employees | 10,500 | 27,446 | 30,621 | 28,000 | 25,300 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| David Bruton Smith | Chairman; Chief Executive Officer | Executive Board | 2022 | 47 |
| Heath R. Byrd | Executive Vice President; Chief Financial Officer | Senior Management | 2013 | 55 |
| Dino Bernacchi | Chief Marketing Officer - EchoPark Automotive | Senior Management | 2021 | - |
| Harry Harden | Chief Human Resources Officer | Senior Management | 2024 | - |
| Jeff Dyke | Director; President | Executive Board | 2019 | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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