About Sonic Automotive
Sonic Automotive is a company based in Charlotte (United States) founded in 1997.. The company has 10,800 employees as of December 31, 2024. Sonic Automotive has completed 10 acquisitions, including Audi Owings Mills, Audineworleans and Black Hills Harley-Davidson. Sonic Automotive offers products and services including New Car Inventory, Used Car Inventory, and Financial Services. Sonic Automotive operates in a competitive market with competitors including Carvana, Porsche, Copart, Vroom and Cars.com, among others.
- Headquarter Charlotte, United States
- Employees 10800 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sonic Automotive, Inc.
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Annual Revenue
$14.22 B-1.03as on Dec 31, 2024
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Net Profit
$216 M21.21as on Dec 31, 2024
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EBITDA
$610.1 M-8.38as on Dec 31, 2024
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Latest Funding Round
- Investors
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Employee Count
10800
as on Dec 31, 2024
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Investments & Acquisitions
Audi Owings Mills
& 9 more
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IPO & Listings of Sonic Automotive
Sonic Automotive is a publicly listed company on the NYSE with ticker symbol SAH in USA, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Sonic Automotive
Sonic Automotive offers a comprehensive portfolio of products and services, including New Car Inventory, Used Car Inventory, and Financial Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for browsing and purchasing new vehicles online
Selection of pre-owned vehicles for sale and trade
Services for vehicle financing and appraisals
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Finance and Accounting
42 people
Leadership Team
30 people
Software Development Team
26 people
Sales and Marketing
22 people
Human Resources and Administration
14 people
Senior Team
10 people
Operations Team
10 people
General Team
9 people
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Funding Insights of Sonic Automotive
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(10 Mar 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2023 | Amount | Post-IPO - Sonic Automotive | Valuation |
investors |
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| Mar, 2017 | Amount | Debt – Conventional - Sonic Automotive | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sonic Automotive
Sonic Automotive has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include High Tower. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of wealth management services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sonic Automotive
Sonic Automotive has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Audi Owings Mills, Audineworleans and Black Hills Harley-Davidson. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of car dealership services
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2016 | ||||
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Manufacturer of automotive spare parts and accessories
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2014 | ||||
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Online marketplace of new and used vehicles
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sonic Automotive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sonic Automotive Comparisons
Competitors of Sonic Automotive
Sonic Automotive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carvana, Porsche, Copart, Vroom and Cars.com, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Pre-owned vehicles are sold online with financing and valuation services.
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| domain | founded_year | HQ Location |
Luxury sports cars are designed, manufactured, and distributed internationally.
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Used cars are purchased and resold online through Vroom's platform.
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| domain | founded_year | HQ Location |
Used cars are listed and analyzed on an online platform.
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| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sonic Automotive
Frequently Asked Questions about Sonic Automotive
When was Sonic Automotive founded?
Sonic Automotive was founded in 1997 and raised its 1st funding round 20 years after it was founded.
Where is Sonic Automotive located?
Sonic Automotive is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
How many employees does Sonic Automotive have?
As of Dec 31, 2024, the latest employee count at Sonic Automotive is 10,800.
What is the annual revenue of Sonic Automotive?
Annual revenue of Sonic Automotive is $14.22B as on Dec 31, 2024.
What does Sonic Automotive do?
Sonic Automotive was founded in 1997 and is headquartered in Charlotte, United States. The company operates in the automotive sector as an online dealer of new and used vehicles. Dealership services are provided across various locations in the U.S. In 2022, annual revenues of 14 billion were recorded, alongside a net profit of 0.08 billion. Operations focus on vehicle sales and related automotive services.
Who are the top competitors of Sonic Automotive?
What products or services does Sonic Automotive offer?
Sonic Automotive offers New Car Inventory, Used Car Inventory, and Financial Services.
Is Sonic Automotive publicly traded?
Yes, Sonic Automotive is publicly traded on NYSE under the ticker symbol SAH.
How many acquisitions has Sonic Automotive made?
Sonic Automotive has made 10 acquisitions, including Audi Owings Mills, Audineworleans, and Black Hills Harley-Davidson.
Who are Sonic Automotive's investors?
Sonic Automotive has 1 investor. Key investors include High Tower.
What is Sonic Automotive's ticker symbol?
The ticker symbol of Sonic Automotive is SAH on NYSE.
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