Form 10-K SONIC AUTOMOTIVE INC

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2024or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission File Number: 1-13395___________________________________________________________________ SONIC AUTOMOTIVE, INC. (Exact name of registrant as specified in its charter)___________________________________________________________________ Registrant’s telephone number, including area code: (704) 566-2400Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes☐No☒Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days.☒Yes☐NoIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).☒Yes☐NoIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ Accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issuedits audit report.☒If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).☐Yes☒NoThe aggregate market value of the voting common equity held by non-affiliates of the registrant was approximately $1.1 billion based upon the closing sales price of the registrant’s Class A Common Stock on June 30, 2024 of $54.47 per share. The registrant has no non-voting common equity.As of February 7, 2025, there were 21,692,669 shares of Class A Common Stock, par value $0.01 per share, and 12,029,375 shares of Class B Common Stock,par value $0.01 per share, outstanding.DOCUMENTS INCORPORATED BY REFERENCE 来源：SEC整理：洞见研报djyanbao.com微信搜索「洞见研报」 UNCERTAINTY OF FORWARD-LOOKING STATEMENTS AND INFORMATION This Annual Report on Form 10-K contains, and written or oral statements made from time to time by us or by our authorizedofficers may contain, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Theseforward-looking statements address our future objectives, plans and goals, as well as our intent, beliefs and current expectationsregarding future operating performance, results and events, and can generally be identified by words such as “may,” “will,” “should,”“could,” “believe,” “expect,” “estimate,” “anticipate,” “intend,” “plan,” “foresee” and other similar words or phrases. These forward-looking statements are based on ourcurrent estimates and assumptions and involve various risks anduncertainties. As a result, you should not place undue reliance on these statements, and you are cautioned that these forward-lookingstatements are not guarantees of future performance, and that actual results could differ materially from those projected in theseforward-looking statements. Factors which may cause actual results to differ materially from our projections include those risksdescribed in “Item 1A. Risk Factors” of this Annual Report on Form 10-K and elsewhere herein, as well as: •high levels of competition i