Sonic Automotive Reports $11.64B Revenue in 2024 10-K
Ticker: SAH · Form: 10-K · Filed: Feb 19, 2025 · CIK: 1043509
| Field | Detail |
|---|---|
| Company | Sonic Automotive Inc (SAH) |
| Form Type | 10-K |
| Filed Date | Feb 19, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, annual-report, automotive, financials
TL;DR
Sonic Auto hit $11.6B revenue in 2024. Assets $3.8B, Liabilities $1.6B. Full 10-K out.
AI Summary
Sonic Automotive, Inc. filed its 2024 10-K on February 19, 2025, reporting total revenue of $11.64 billion for the fiscal year ending December 31, 2024. The company's operations include dealerships, collision centers, and the EchoPark brand. Key financial figures include total assets of $3.826 billion and total liabilities of $1.64 billion.
Why It Matters
This filing provides a comprehensive overview of Sonic Automotive's financial performance and operational structure for the past fiscal year, impacting investors' understanding of the company's market position and future prospects.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not contain immediate red flags or significant positive news that would alter the risk profile.
Key Numbers
- $11.64B — Total Revenue (Fiscal Year 2024)
- $3.826B — Total Assets (As of December 31, 2024)
- $1.64B — Total Liabilities (As of December 31, 2024)
- 500.0 — Revenue (in millions) (Likely a segment or prior year comparison, needs more context from full filing)
- 3.9 — Revenue (in billions) (Likely a segment or prior year comparison, needs more context from full filing)
Key Players & Entities
- SONIC AUTOMOTIVE INC (company) — Filer
- 2024-12-31 (date) — Fiscal Year End
- February 19, 2025 (date) — Filing Date
- $11.64 billion (dollar_amount) — Total Revenue
- $3.826 billion (dollar_amount) — Total Assets
- $1.64 billion (dollar_amount) — Total Liabilities
FAQ
What was Sonic Automotive's net income for the fiscal year 2024?
The provided text does not explicitly state the net income for fiscal year 2024. It focuses on revenue, assets, and liabilities.
How many dealerships does Sonic Automotive operate?
The filing mentions various types of dealerships including 'Dealerships', 'FranchisedDealershipsMember', and 'PowersportsDealershipsMember', but a specific total count is not provided in this excerpt.
What is the company's strategy regarding its EchoPark brand?
The filing indicates 'sah:EchoParkMember' as a segment and provides dates related to it, suggesting it's a significant part of their operations, but specific strategic details are not in this excerpt.
What were the total operating expenses for 2024?
The excerpt does not detail operating expenses for 2024. It lists some financial figures like revenue and assets.
What are the company's future growth plans mentioned in the filing?
While 'sah:Plans' is mentioned as a tag, the specific details of future growth plans are not present in this summary excerpt.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 19, 2025 regarding SONIC AUTOMOTIVE INC (SAH).