Sonic Automotive SAH Franchise — Impairment Charges
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Where this comes from
Reported directly by Sonic Automotive in its filing.
Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.
The source filing: Sonic Automotive’s 10-Q, filed April 30, 2026.
- Filed
- Apr 30, 2026, 4:01 PM EDT
- Fiscal quarter
- Q3 FY2026
- Calendar quarter
- Q3 2026
- Accession
- 0001628280-26-028847
(5) For the three months ended March 31, 2026, amount includes approximately $0.4 million of non-cash pre-tax impairment charges related to construction-in-progress projects for the Franchised Dealerships Segment. For the three months ended March 31, 2025, amount includes approximately $0.2 million of pre-tax property and equipment charges for real estate held for sale in the EchoPark Segment and approximately $1.1 million of pre-tax property, equipment and right-of-use asset charges for the Powersports Segment.
Item 1. Financial Statements (Unaudited)
FAQ
- What is Sonic Automotive's franchise — impairment charges?
- Sonic Automotive (SAH) reported franchise — impairment charges of $400K in Q1 2026.
- What does franchise — impairment charges mean?
- This metric represents non-cash charges recognized when the carrying value of long-lived assets, such as goodwill, franchise rights, or property and equipment within the franchise dealership segment, exceeds their fair value. It serves as a critical indicator of potential declines in the long-term economic viability or market value of the company's franchised dealership operations. Investors monitor these charges to assess management's capital allocation effectiveness and the underlying health of the dealership portfolio.
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