Company
Sonic Automotive, Inc.
Headquarters: Charlotte, NC, United States
Founded: 1 January 1997
Employees: 10,200
CEO: Mr. David Bruton Smith
Market Cap
$1.84 Billion
USD as of Jan. 1, 2024
Sonic Automotive, Inc. Categories
United States Consumer Discretionary Auto & Truck DealershipsUnited States Consumer Discretionary United States Auto & Truck Dealerships
Top Competitors by Market Capitalization
Industry: Auto & Truck Dealerships
| Company | Market Cap (USD) |
|---|---|
| Hotai Motor Co.,Ltd. | $12.46 B |
| CarMax, Inc. | $11.46 B |
| Penske Automotive Group, Inc. | $10.30 B |
| Lithia Motors, Inc. | $8.34 B |
| AutoNation, Inc. | $6.10 B |
Detailed Description
Sonic Automotive, Inc. operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests. The EchoPark segment sells used cars and light trucks; and arranges finance and insurance product sales for its guests in pre-owned vehicle specialty retail locations. As of December 31, 2021, the company operated 140 new vehicle franchises representing 28 brands of cars and light trucks; 17 collision repair centers in 17 states; and 46 EchoPark stores in 16 states, including 11 Northwest Motorsport pre-owned vehicle stores. Sonic Automotive, Inc. was incorporated in 1997 and is based in Charlotte, North Carolina.
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Stocks & Indices
Sonic Automotive, Inc. has the following listings and related stock indices.
Stock: NYSE: SAH wb_incandescent
Stock: FSX: SA8A wb_incandescent
Key People
Founder(s): Ollen Bruton Smith
Ollen Bruton Smith (Chairman of the Board) David Smith (CEO) Jeff Dyke (President)