DOCSLIB.ORG

Sonic Automotive, Inc

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Sonic Automotive, Inc UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ FORM 8-K ____________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 19, 2020 ____________________________________ SONIC AUTOMOTIVE, INC. (Exact name of registrant as specified in its charter) ____________________________________ Delaware (State or other jurisdiction of incorporation) 1-13395 56-2010790 (Commission (IRS Employer File Number) Identification No.) 4401 Colwick Road Charlotte, North Carolina 28211 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (704) 566-2400 Not Applicable (Former name or former address, if changed since last report.) ____________________________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.01 per share SAH New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 2.02. Results of Operations and Financial Condition. On February 19, 2020, Sonic Automotive, Inc. (the “Company”) issued a press release announcing its financial results for its fourth fiscal quarter and fiscal year ended December 31, 2019 (the “Earnings Press Release”). A copy of the Earnings Press Release is attached hereto as Exhibit 99.1 and a copy of the earnings call presentation materials is attached hereto as Exhibit 99.2. Item 7.01. Regulation FD Disclosure. On February 19, 2020, in the Earnings Press Release, the Company announced the approval of a quarterly cash dividend. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release of Sonic Automotive, Inc., dated February 19, 2019. 99.2 Earnings Call Presentation Materials. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). The information in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 attached hereto, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SONIC AUTOMOTIVE, INC. February 19, 2020 By: /s/ STEPHEN K. COSS Stephen K. Coss Senior Vice President and General Counsel Exhibit 99.1 Sonic Automotive Reports All-Time Record Fourth Quarter and All-Time Record Full Year 2019 EchoPark Hits Record Revenues of $1.2 Billion; Sonic Announces Total Annual Revenue Target of $20 Billion CHARLOTTE, N.C. – February 19, 2020 - Sonic Automotive, Inc. (“Sonic” or the “Company”) (NYSE:SAH), one of the nation’s largest automotive retailers, today reported financial results for the fourth quarter and full year ended December 31, 2019. Fourth Quarter Highlights • All-time record quarterly earnings per diluted share from continuing operations of $1.04 for the fourth quarter of 2019, up 104% compared to the fourth quarter of 2018 • All-time record quarterly consolidated total revenues of $2.7 billion and gross profit of $393.9 million for the fourth quarter of 2019, compared to $2.6 billion and $370.7 million, respectively, for the fourth quarter of 2018 • EchoPark revenues of $308.6 million, up 52% from the fourth quarter of 2018, EchoPark retail volume of 12,676 units, up 45% from the fourth quarter of 2018 • EchoPark segment income of $2.1 million, up 145% compared to the fourth quarter of 2018 • Same Store Franchised Dealerships Segment operating results: ◦ Revenues up 8.5%, gross profit up 9.4% compared to the fourth quarter of 2018 ◦ New vehicle unit volume up 7.5%; new vehicle gross profit per unit up 1.4%, to $2,213 per unit ◦ Retail used vehicle unit volume up 9.7%; retail used vehicle gross profit per unit up 2.6%, to $1,269 per unit ◦ Parts, service and collision repair gross profit up 6.2%, Customer Pay gross profit up 10.2% compared to the fourth quarter of 2018 ◦ Finance and insurance (“F&I”) gross profit up 13.7% compared to the fourth quarter of 2018 (all-time record quarterly F&I gross profit per retail unit of $1,809 on a total Sonic consolidated basis) Full Year Highlights • All-time record full year earnings per diluted share from continuing operations of $3.31, up 171% compared to 2018 • All-time record full year consolidated total revenues of $10.5 billion and gross profit of $1.5 billion, compared to $10.0 billion and $1.4 billion, respectively, for 2018 • EchoPark revenues of $1.2 billion, up 66% from 2018, EchoPark retail volume of 49,520 units, up 68% from 2018 • EchoPark segment income of $9.1 million, up 117% compared to 2018 • Fiscal year 2019 debt reduction of $238 million, in line with $300 million target by mid-to-late 2020 • Same Store Franchised Dealerships Segment operating results: ◦ Revenues up 5.5%, gross profit up 6.7% compared to 2018 ◦ New vehicle unit volume up 0.6%; new vehicle gross profit per unit up 0.4%, to $2,083 per unit ◦ Retail used vehicle unit volume up 7.7%; retail used vehicle gross profit per unit down 1.8%, to $1,272 per unit ◦ Parts, service and collision repair gross profit up 6.0%, Customer Pay gross profit up 8.2% compared to 2018 ◦ F&I gross profit up 10.3% compared to 2018 (all-time record annual F&I gross profit per retail unit of $1,743 on a total Sonic consolidated basis) Commentary David Smith, Sonic’s and EchoPark’s Chief Executive Officer, commented, “Our 2019 performance was exceptional, with record-breaking consolidated total revenues and earnings per diluted share from continuing operations. This was led by tremendous year-over-year annual revenue growth of 66% at EchoPark, our specialty pre-owned vehicle stores, as well as strong performance from our franchised dealerships.” Mr. Smith continued, “During the fourth quarter, EchoPark opened its Long Beach, California store, our ninth location nationwide and our first in California. Upon opening, this location proceeded to sell over 450 vehicles within the first 45 days of operation. This is an excellent start and it speaks to the strength of our unique business model and the industry-leading guest experience our EchoPark stores provide. EchoPark experienced strong growth in 2019, and we believe it is poised for further growth in 2020 as we capitalize on opportunities to expand EchoPark’s reach into new markets, which we expect to include three new stores by the end of 2020. Taking into consideration EchoPark’s growth trajectory and the continued strength of our franchised dealerships, 2020 marks the beginning of our march towards our long-term goal of achieving $20 billion in total annual revenues this decade.” Jeff Dyke, Sonic's and EchoPark’s President, commented, “In 2019, we continued improving our operational performance, driving increased gross profit to our bottom line. As a result, we achieved record net income from continuing operations of $3.31 per diluted share for the year. At the same time, we moved forward with our deleveraging initiatives, resulting in a total debt reduction of $238 million. With the progress we have made, we are well on our way to reaching our stated goal of reducing debt by $300 million by mid-to-late 2020. With our strong 2019 results and improved balance sheet, we are well positioned to execute on our growth plans for our increasingly profitable EchoPark business, even as we continue to strategically grow our core franchised business.” Fourth Quarter 2019 Operational Summary For the fourth quarter of 2019, Sonic consolidated total revenues were $2.7 billion, up 7% compared to the fourth quarter of 2018. EchoPark Segment revenues were $308.6 million for the fourth quarter of 2019, representing a 52% increase from the fourth quarter of 2018. Franchised Dealerships Segment revenues were $2.4 billion for the fourth quarter of 2019, up 3% from the fourth quarter of 2018, despite the disposal of ten franchised dealerships in 2019 which generated revenues of $165.7 million during the fourth quarter of 2018. SG&A expenses were $260.9 million in the fourth quarter of 2019, a decrease of 5% compared to the year-ago period, including the effect of items of interest below.
Load more

Recommended publications
  • Top-Rated Dealership Grows Market Share and Optimizes Its Digital Strategy
    Case Study | AdWords Top-rated dealership grows market share and optimizes its digital strategy From humble beginnings About Sonic Today, Denver-based Mountain States Toyota is a Sonic Automotive dealership • www.sonicautomotive.com and one of the nation’s highest-rated Toyota stores with an inventory spanning • Headquartered in Charlotte, North Carolina more than 800 new Toyota vehicles and nearly 250 quality used cars. But that • A publicly traded company that operates wasn’t always the case. over 100 dealerships across 14 states, When General Manager Tim Van Binsbergen arrived in 2005, he realized that the brands store had a unique marketing challenge: the location was relatively isolated, not easily accessible or visible from the freeway, and it did not sit on a traditional heavily in traditional media with only a modest allocation to digital media, the dealership was earning a meager 8% of market share. To overcome its geographical challenge and turn the dealership into a premier car-buying destination, Mountain States Toyota began to focus on developing a strategy to drive more shoppers to the store and increase market share. By 2007, it had increased market share to 13% but found itself “stuck” at that number with traditional media. In 2008, the dealership signed on to About Mountain States Toyota • www.mountainstatestoyota.com Autotrader's Alpha program, which provided significanty more online exposure • Based in Denver, Colorado and an immediate, substantial lift in sales while uncovering unforeseen value • A Sonic Automotive, market-leading, in online advertising. and award-winning Toyota dealership in business since 2003 Shifting exclusively to digital By 2009, Mountain States Toyota was ready to make an even bigger and bolder business decision: it shifted all of its marketing dollars out of traditional media and into digital.
    [Show full text]
  • Top 150 Dealership Groups-FINAL.Indd
    Prime jumps into top 15 in annual ranking James B. Treece some very large ones, chose [email protected] not to participate. For example, estwood, Mass.-based Prime Automotive Group Terry Taylor’s extensive group bounded into the top 15 on Automotive News’ of dealerships, for which his annual Top 150 Dealership Groups list, which Automotive Management Ser- ranks dealership groups based in the U.S. by vices Inc., of West Palm Beach, Wnew-vehicle retail sales. at was one of several revisions in the Fla., provides support, didn’t rankings due to ownership changes amid an active buy-sell respond to the survey. Neither market in 2017. did Berkshire Hathaway Auto- Prime surged 53 rungs, to No. 13, as its new-vehicle retail sales motive. more than tripled to 46,163 from 13,853 a year earlier. e group’s Several large groups on last store count also increased more than that of any other group on year’s list disappeared from the list, to 57 from 28, largely because of a this year’s list because they change in the company’s structure. have been acquired. In October, Abrams Capital, a private-eq- Lithia, for instance, bought uity rm that had rst invested in Prime Shammas Automotive Group, Motor Group 11 years earlier, cashed out. It of Los Angeles, which was No. sold a majority stake in the group to GPB 55 last year, as well as Day Au- Capital, a New York asset-management tomotive Group, of Monro- company, which already had majority eville, Penn., which was No.
    [Show full text]
  • 10150 Southwest Freeway, Houston, Tx for Sale Or Lease Offering Memorandum Investment Overview | 10150 Southwest Fwy, Houston, Tx 77074
    Christopher S. Klein +1 713 830 2141 [email protected] Bill Byrd +1 713 830 2131 [email protected] PREMIER AUTO DEALERSHIP SITE 10150 SOUTHWEST FREEWAY, HOUSTON, TX FOR SALE OR LEASE OFFERING MEMORANDUM INVESTMENT OVERVIEW | 10150 SOUTHWEST FWY, HOUSTON, TX 77074 > 100% LEASED AUTO DEALERSHIP: 10.59 acres occupied by Sonic Automotive (Jaguar/Land Rover) with the lease to expire 10-15-21 on absolute net terms. > FINANCIALLY STRONG TENANT: Sonic Automotive (NYSE: SAH) | Ranked #298 on the Fortune 500 List | Russell 2000 Index member > SURROUNDED BY NUMEROUS CAR DEALERSHIPS: Area auto dealers include: Sterling McCall Lexus, Sterling McCall Hyundai, Sterling McCall Acura, Momentum BMW/Mini Cooper, Gillman Honda Houston, Gillman Subaru, Greenway Mazda, Toyota, Cadilac, Lincoln, Jeep Dodge, Porche, GMC, Buick and Crysler. > ACCESS AND VISIBILITY: Strategically located along the auto dealer strip of the Southwest Fwy| Excellent visibility and access to US 59/I69 and Beltway 8 | 184,600 VPD on Southwest Fwy in front of the property, > STRONG DEMOGRAPHICS: Over 203,328 and 505,328 people within a 3-mile and 5-mile radius, respectively | Average HH Income of $56,722 and $65,134 within a 3-mile and 5-mile radius, respectively. > DRIVE TIMES FROM: Galleria - 12 minutes | West University - 18 minutes | Sugar Land - 12 minutes | Energy Corridor/I-10W - 20 minutes > LOCATED IN DESIGNATED OPPORTUNITY ZONE: Click here for details about Opportunity Zones 10150 Southwest Fwy | Offering Memorandum | Page 2 PHYSICAL DESCRIPTION | 10150 SOUTHWEST
    [Show full text]
  • Sonic Automotive Annual Report 2021
    Sonic Automotive Annual Report 2021 Form 10-K (NYSE:SAH) Published: February 23rd, 2021 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________________ FORM 10-K ___________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13395 ___________________________________________________________________ SONIC AUTOMOTIVE, INC. (Exact name of registrant as specified in its charter) ___________________________________________________________________ Delaware 56-2010790 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 4401 Colwick Road Charlotte, North Carolina 28211 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (704) 566-2400 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.01 per share SAH New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None ___________________________________________________________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ N o ☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ N o ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Download File
    WARDSAUTO WARDSAUTO MEGADEALER 100 MEGADEALER 100 Total New New Used Used Whole- Finance & Parts & Dealer- Retail Retail Fleet Fleet Retail Retail Wholesale sale Insurance Service Body Shop Accessories Total Total Rank Megadealer Group Name City ST Executive(s) ships Revenue Units Revenue Units Revenue Units Revenue Units Revenue Revenue Revenue Revenue Units Revenue 1 AutoNation Inc. Fort Lauderdale FL Michael Jackson 260 - 337,622 - 3,738 - 225,713 - 82,342 - - - - 649,415 $21,609,000,000 2 Penske Automotive Group Bloomfield Hills MI Roger S. Penske 294 $9,547,145,000 249,695 $175,692,000 6,994 $5,663,647,000 207,556 $842,953,000 92,094 $494,901,000 $1,948,542,000 - - 556,339 $18,672,880,000 3 Group 1 Automotive Houston TX Earl Hesterberg 159 - 172,053 - - - 129,131 - 57,339 - - - - 358,523 $10,887,612,000 4 Sonic Automotive, Inc. Charlotte NC B. Scott Smith 112 $5,180,535,000 134,288 $53,970,000 1,715 $2,533,122,000 119,174 $211,047,000 35,098 $343,285,000 $621,520,000 $55,186,000 $733,113,000 290,275 $9,731,778,000 Bryan DeBoer; 5 Lithia Motors, Inc. Medford OR Sidney DeBoer 154 - 145,772 - 2,338 - 113,498 - 40,615 - - - - 302,223 $8,678,157,062 Rick Hendrick; 6 Hendrick Automotive Group Charlotte NC Edward Brown 102 $4,192,273,475 117,946 $185,736,311 4,646 $1,982,999,699 88,458 $444,318,091 56,569 $437,354,115 $365,775,534 $122,433,816 $820,362,091 267,619 $8,551,253,132 Craig Monaghan; 7 Asbury Automotive Group Duluth GA Michael Kearney; 79 - 102,360 - - - 79,259 - - - - - - 181,619 $6,527,800,000 Charles.
    [Show full text]
  • Sonic Automotive 2020 Annual Meeting of Stockholders
    Sonic Automotive 2020 Annual Meeting Of Stockholders April 29, 2020 Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events, are not historical facts and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. These statements can generally be identified by lead-in words such as “may,” “will,” “should,” “could,” “believe,” “expect,” “estimate,” “anticipate,” “intend,” “plan,” “foresee” and other similar words or phrases. Statements that describe our Company’s objectives, plans or goals are also forward-looking statements. Examples of such forward-looking information we may be discussing in this presentation include, without limitation, the effects of COVID-19 on operations, anticipated future new vehicle unit sales volume, anticipated future used vehicle unit sales volume, anticipated future parts, service and collision repair (“Fixed Operations”) gross profit, anticipated expense reductions, long-term annual revenue targets, anticipated future growth and profitability in our EchoPark Segment, anticipated openings of new EchoPark stores, anticipated future performance and growth of our Franchised Dealerships Segment, anticipated liquidity positions, anticipated 2020 industry new vehicle sales volume, the implementation of growth and operating strategies, including acquisitions of dealerships and properties, the return of capital to stockholders, anticipated future success and impacts from the implementation of our strategic initiatives, and earnings per share expectations. You are cautioned that these forward-looking statements are not guarantees of future performance, involve risks and uncertainties and actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
    [Show full text]
  • Top 125 Dealership Groups Based in the United
    14TOP125DEALERSHIPGROUPS.qxp 3/10/2014 12:59 PM Page 1 AN-Supplement Landscape_AN-Supplement Landscape.qxd 3/3/2014 11:41 AM Page 1 2014 final pages.qxp 3/10/2014 12:57 PM Page 3 Top 125 dealership groups based in the United States – ranked on 2013 new-vehicle retail sales units Total Total Total Total Total 2013 new retail used fleet wholesale Total number of Group revenue 2012 rank Dealership group Address Top executive units units units units units dealerships all departments* rank 1 AutoNation Inc.† 200 S.W. 1st Ave. Mike Jackson 292,922 204,572 3,743 70,742 571,979 228 $17,517,600,000 1 (954) 769-7000; autonation.com Fort Lauderdale, FL 33301 chairman & CEO 2 Penske Automotive Group Inc.†‡ 2555 Telegraph Road Roger Penske 199,795 166,419 5,889 69,329 441,432 243 $14,705,417,000 2 (248) 648-2540; penskeautomotive.com Bloomfield Hills, MI 48302 chairman & CEO 3 Group 1 Automotive Inc.†‡ 800 Gessner, Ste. 500 Earl Hesterberg 155,866 98,813 – 50,736 305,415 148 $8,918,581,000 4 (713) 647-5700; group1auto.com Houston, TX 77024 president & CEO 4 Sonic Automotive Inc.† 4401 Colwick Road O. Bruton Smith 132,363 107,054 5,911 29,961 275,289 102 $8,843,081,000 3 (704) 566-2400; sonicautomotive.com Charlotte, NC 28211 chairman & CEO 5 Van Tuyl Group 1550 E. Missouri, Ste. 300 Larry Van Tuyl 130,447 89,093 8,790 65,683 294,013 75 $7,967,398,735 5 (602) 230-1051; vantuylgroup.com Phoenix, AZ 85014 CEO 6 Hendrick Automotive Group 6000 Monroe Road Edward Brown III 102,750 74,494 3,965 56,784 237,993 87 $6,745,829,972 6 (704) 568-5550; hendrickauto.com Charlotte, NC 28212 president & CEO 7 Asbury Automotive Group Inc.† 2905 Premiere Pkwy., Ste.
    [Show full text]
  • Sonic Automotive Annual Report 2020
    Sonic Automotive Annual Report 2020 Form 10-K (NYSE:SAH) Published: February 21st, 2020 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________________ FORM 10-K ___________________________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13395 ___________________________________________________________________ SONIC AUTOMOTIVE, INC. (Exact name of registrant as specified in its charter) ___________________________________________________________________ Delaware 56-2010790 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 4401 Colwick Road Charlotte, North Carolina 28211 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (704) 566-2400 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.01 per share SAH New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None ___________________________________________________________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ N o ☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ N o ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • SONIC AUTOMOTIVE, INC. (Exact Name of Registrant As Specified in Its Charter) ______Delaware 56-2010790 (State Or Other Jurisdiction of (I.R.S
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13395 ______________________________________ SONIC AUTOMOTIVE, INC. (Exact name of registrant as specified in its charter) ______________________________________ Delaware 56-2010790 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 4401 Colwick Road Charlotte, North Carolina 28211 (Address of principal executive offices) (Zip Code) (704) 566-2400 (Registrant’s telephone number, including area code) ______________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.01 per share SAH New York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
    [Show full text]
  • Active Dealers by County
    Approved Titles for 2 / 2021 DBA ANDERSON County ALL STAR AUTOPLEX, L.L.C. - P149668 ALL STAR FORD - PALESTINE - P18569 PUBLIC AUTOMOTIVE GROUP - P125876 ANDREWS County SEWELL CHEVROLET-BUICK-GMC TRU - P111776 THE SEWELL FAMILY OF COMPANIES, INC. - P4966 ANGELINA County HYUNDAI OF LUFKIN - P149107 JDRA ENTERPRISES, INC. - P115104 LOVING NISSAN - P133428 LOVING TOYOTA - P100362 LUFKIN FORD - P11313 MOTORPHILIA - P137718 PREMIER KIA - P130557 RACEWAY MOTORS, L.L.C. - P53276 SJS LUFKIN SALES, LLC - P121089 SOUTHERN CDJ LTD - P5750 WRIGHT BUICK GMC - P107385 ARANSAS County LITHIA CHRYSLER JEEP DODGE OF - P102702 ARCHER County PATTERSON AUTO CENTER - P12221 PATTERSON CHRYSLER DODGE JEEP - P56038 PATTERSON KIA - P56038 WICHITA FALLS FORD-LINCOLN, INC. - P43086 ATASCOSA County ALAMO TOYOTA - P17871 ATASCOSA CHRYSLER DODGE JEEP R - P32414 ECHOPARK TX, LLC - P144241 GUNN BUICK-GMC, LTD - P121830 GUNN CHEVROLET LTD - P123348 MERCEDES-BENZ OF SAN ANTONIO - P16567 NORTHSIDE CHEVROLET - P5766 PRICE CHEVROLET - P11774 PURSCH MOTORS INC - P20160 AUSTIN County A J DEALERSHIP INC - P160291 AMERITRAIL INC - P4406X BOBBY FORD CHRYSLER DODGE JEEP RAM - P161054 RYAN FORD - P56043 TEGELER CHEVROLET INC - P140337 BANDERA County ALAMO TOYOTA - P17871 CRENWELGE MOTORS OF KERRVILLE - P10401 ECHOPARK TX, LLC - P144241 GUNN CHEVROLET LTD - P123348 GUNN IMPORTS LTD - P15160 GUNN MISSION LEASING LTD - P9278 HILL COUNTRY HONDA - P145953 NORTH PARK I-10 WEST, INC. - P118258 NORTH PARK LEXUS AT DOMINION - P126872 NORTH PARK LINCOLN MERCURY INC - P18808 NORTH PARK SUBARU
    [Show full text]
  • In the United States District Court Northern District of Alabama Southern Division Deborah Standifer, ) Plaintiff, ) Vs. ) 2:04
    Case 2:04-cv-02359-JHH Document 51 Filed 11/08/05 Page 1 of 32 FILED 2005 Nov-08 PM 04:46 U.S. DISTRICT COURT N.D. OF ALABAMA IN THE UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ALABAMA SOUTHERN DIVISION DEBORAH STANDIFER, ) PLAINTIFF, ) VS. ) 2:04-CV-2359-JHH SONIC-WILLIAMS MOTORS, LLC ) d/b/a TOM WILLIAMS LEXUS, ) DEFENDANT. MEMORANDUM OF DECISION The court has before it the September 15, 2005 motion (doc. # 32) of defendant Sonic Williams Motors, LLC d/b/a Tom Williams Lexus for summary judgment. Pursuant to the court’s September 16, 2005 and October 3, 2005 orders, the motion was deemed submitted, without oral argument, on November 1, 2005. I. Procedural History Plaintiff Deborah Standifer commenced this action on July 30, 2004 by filing a complaint in this court alleging gender and pregnancy discrimination under Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 2000e, et seq, and violation of the Family and Medical Leave Act, 29 U.S.C. §§ 2601-54. Plaintiff contends that defendant’s alleged conduct constitutes (1) disparate treatment Case 2:04-cv-02359-JHH Document 51 Filed 11/08/05 Page 2 of 32 regarding pay and promotion under Title VII, (2) constructive discharge under Title VII, (3) a hostile work environment under Title VII, (4) interference with her FMLA rights, and (5) retaliation in violation of the FMLA. Defendant’s September 15, 2005 motion for summary judgment asserts that plaintiff has failed to establish a prima face case for any of plaintiff’s claims, and, in the alternative, that she cannot establish that defendant’s legitimate, nondiscriminatory reasons for its actions was pretext.
    [Show full text]
  • Top 150 Dealership Groups Based in the US – Ranked
    15TOP150DEALERSHIPGROUPS.qxp 3/9/2015 3:18 PM Page 1 AN-Supplement Landscape_AN-Supplement Landscape.qxd 3/2/2015 3:58 PM Page 1 : 2015 FINAL Pages.qxp 3/9/2015 3:25 PM Page 3 Big, medium-sized dealership groups grow Arlena Sawyers his employees. [email protected] He built five dealerships last year for a total of 19 new roy Duhon believes annual U.S. sales of new light stores, out of 20, over the last 10 years. Nice dealerships at- vehicles will remain at around 16 million for the tract customers and good employees, he believes. And five foreseeable future. So he thinks it’s a good time to of his dealerships include training centers for service tech- Tbuy dealerships. nicians, salespeople and new hires. The owner of Premier Automotive in New Orleans in- “We’ve created Zeigler University and the culmination of creased his dealership count to 21 last year from 14 — and that over the last couple of years is really helping to drive increased his new-vehicle retail sales 38 percent to 20,599. sales at this point,” he said. The added stores, in a year when U.S. light-vehicle sales Prime Motor Group of Westwood, Mass., is new to the list rose 5.9 percent, helped to propel his dealership group up this year, debuting at No. 44 with new 22 spots to No. 35 on the annual Automotive News list of retail vehicle sales of 18,342. the top dealership groups based in the U.S. The listing is But CEO David Rosenberg is not new ranked by 2014 retail unit sales of new cars and light trucks.
    [Show full text]