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Sonic Automotive SAH FranchisedDealershipsMember — Rent expense, SG&A

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Other financials

Income statement

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Revenue$3.7B+1.0%
Gross profit$598.8M+5.7%
Operating income$132.7M-8.5%
Net income$60.8M-13.9%
EPS (diluted)$1.79-12.3%

Balance sheet

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Cash & equivalents$5.7M-91.2%
Total debt$2.4B+12.2%
Total equity$981.3M-10.0%
Total assets$6.1B+4.1%

Cash flow

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Operating cash flow$35.5M-81.9%
CapEx$37.0M-17.8%
Free cash flow-$1.5M-101%

Valuation

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Market cap$2.68B+5.6%
Enterprise value$5.11B+11.0%
P/E24.6×+8.5×
P/S0.2×0.0×

Profitability

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Gross margin15.9%+0.6pp
Operating margin2.3%-1.1pp
Net margin0.7%-1.0pp
FCF margin1.7%

Returns & leverage

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Return on equity10.5%-14.0pp
Debt / equity2.5×+0.5×
Current ratio-0.1×

Where this comes from

Reported directly by Sonic Automotive in its filing.

Tagged under the XBRL concept sah:RentExpenseSGA.

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
Line itemThree Months Ended March 31, 20262025
Selling, general and administrative expenses:
Compensation(240.1)(226.4)
Advertising(18.7)(15.8)
Rent(12.4)(9.7)
Other (1)(103.2)(74.0)
Depreciation and amortization(31.7)(33.4)
Other income (expense):
Interest expense, floor plan(16.0)(16.3)

Item 1. Financial Statements (Unaudited)

FAQ

What is Sonic Automotive's franchiseddealershipsmember — rent expense, SG&A?
Sonic Automotive (SAH) reported franchiseddealershipsmember — rent expense, SG&A of -$12.4M in Q1 2026.
How has Sonic Automotive's franchiseddealershipsmember — rent expense, SG&A changed year-over-year?
Sonic Automotive's franchiseddealershipsmember — rent expense, SG&A decreased by 27.8% year-over-year, from -$9.7M to -$12.4M.
What does franchiseddealershipsmember — rent expense, SG&A mean?
This represents the lease and rental costs associated with the physical facilities used by the franchised dealership segment, recorded as a selling, general, and administrative expense. It reflects the fixed cost burden of maintaining dealership properties and showrooms. High rent expenses can impact the overall profitability of the segment and are a key factor in real estate strategy.

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