S

Sonic

Diversified automotive retail and service provider

Parts Associate

Full-Time
$17.75/hr
Entry
San Diego, CA, USA
In Person
RetailCheckout & Customer Service

About the job

Requirements
  • Previous customer service, retail, cashiering, automotive, powersports, or parts experience is preferred.
  • Strong attention to detail and organizational skills are required.
  • Ability to multitask effectively in a fast-paced environment is required.
  • Strong verbal and written communication skills are required.
  • Basic computer and point-of-sale system proficiency is required.
  • Ability to learn dealership systems, parts catalogs, inventory procedures, and product information is required.
  • Dependability, punctuality, and ability to work effectively as part of a team are required.
  • Ability to regularly lift and move parts and merchandise weighing up to 40 pounds is required.
  • Ability to stand, walk, bend, reach, and perform physical activities associated with stocking and organizing inventory is required.
  • Availability to work weekends, extended hours, and dealership event hours based on business needs is required.
  • Ability to work in a fast-paced retail and dealership environment is required.
Responsibilities
  • Provide customer service to retail customers, technicians, and dealership personnel.
  • Greet customers and assist with parts, accessories, merchandise, and product-related inquiries.
  • Look up parts using dealership parts catalogs, electronic systems, and other available resources.
  • Process and track customer parts orders, including checking availability, pricing, and order status.
  • Accurately process sales, returns, exchanges, and other customer transactions.
  • Operate the dealership point-of-sale and cashiering system and accurately handle cash and credit-card transactions.
  • Answer incoming telephone calls and assist customers or direct calls to the appropriate department.
  • Receive, verify, organize, stock, and maintain incoming parts and merchandise.
  • Assist with inventory control, cycle counts, inventory adjustments, and maintaining accurate inventory records.
  • Maintain an organized, clean, and professional parts counter and customer-facing area.
  • Ensure accuracy when handling part numbers, quantities, pricing, customer orders, and transactions.
  • Communicate with customers, technicians, sales personnel, management, and other dealership departments.
  • Maintain knowledge of Harley-Davidson parts, accessories, merchandise, and dealership procedures.
  • Multitask and prioritize responsibilities while maintaining accuracy and customer service standards.
  • Assist with dealership and special events, and work extended business hours as required.
  • Perform other duties and responsibilities as assigned by Parts Department management.
  • Maintain a professional, friendly, and approachable demeanor and a customer-first attitude in every interaction.
  • Listen to customer needs and provide accurate information and solutions.
  • Create a positive and efficient experience from initial contact through completion of the transaction.
  • Maintain professionalism and composure during periods of high customer volume.
  • Protect the accuracy and integrity of customer orders and transactions.
Desired Qualifications
  • Harley-Davidson or powersports parts knowledge is a plus.

About the company

Sonic Automotive is a large diversified automotive retail and service company operating across the United States, selling vehicles, offering automotive services, parts, and powersports products while pursuing growth through technology, talent, and new programs to improve the customer experience. It supports the full customer journey from vehicle discovery and purchase to ongoing maintenance, using technology platforms and trained staff to streamline buying, service scheduling, financing, and parts operations, making visits simple and satisfying. It combines scale with a broad mix of brands, a wide store network, and ongoing technology-driven improvements focused on guest experiences to offer more options and consistent service across locations. Its goal is to become the most valuable diversified automotive retail and service brand in America, delivering ownership dreams and happiness to guests and teammates.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Charlotte, North Carolina

Founded

1997

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Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 revenue reached $3.9 billion, while gross profit hit a record $616.2 million.
  • EchoPark retail units rose 17% in Q2 2026, supporting scale across used cars.
  • Powersports revenue jumped 53% in Q2 2026 after April Harley-Davidson acquisitions.

What critics are saying

  • Adjusted Q2 2026 net income fell 23%, exposing weak underlying profitability.
  • EchoPark segment income dropped 38% in Q2 2026 despite higher unit sales.
  • Persisting affordability pressure turns Sonic's acquisition spree into a capital-destructive growth trap by 2027.

What makes Sonic unique

  • Sonic operates six Porsche dealerships after Aug. 27, 2026, concentrating on scarce luxury franchises.
  • Its 145-location network spans automotive, EchoPark, and powersports, broadening customer lifetime revenue.
  • Lake Nona Cadillac and Walnut Creek show Sonic targets affluent markets with service-heavy assets.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Company Match
  • Paid Vacation
  • Professional Development Budget

Growth & Insights and Company News

6 month growth

1%

1 year growth

7%

2 year growth

8%
Yahoo Finance
Oct 31st, 2026
Sonic Automotive posts record $4.0B quarterly revenue as EchoPark volume jumps 22%

Sonic Automotive reported record third-quarter 2026 revenue of $4.0 billion and record gross profit of $617.5 million. Diluted earnings per share were $1.28, or $1.30 adjusted, said chairman and chief executive officer David Smith. Franchised dealership revenue fell 3% to $3.3 billion, which management blamed partly on an electric-vehicle demand pull-forward in the prior-year quarter. Fixed-operations gross profit rose 2% to a record $265.4 million. EchoPark revenue rose 14% to $596 million, and retail used-vehicle volume climbed 22%. The company plans its largest-ever EchoPark brand investment and will open an Orlando, Florida, location in December. Powersports revenue jumped 35% to a record $113.7 million. The board approved a quarterly dividend of $0.41 per share, payable January 15, 2027.

MarketBeat
Oct 30th, 2026
Sonic Automotive (NYSE:SAH) given new $96.00 price target at Needham & Company LLC.

Sonic Automotive (NYSE:SAH) given new $96.00 price target at Needham & Company LLC. October 30, 2026 Key points. * Needham cut Sonic Automotive's price target from $139 to $96 but maintained a "Buy" rating, implying approximately 51% upside from the stock's $63.48 price. * Analyst sentiment is mixed: four analysts rate the stock a Buy, three Hold, and three Sell, resulting in a consensus "Hold" rating and an $84.75 average price target. * Sonic Automotive's third-quarter results fell short of expectations, with EPS of $1.30 versus the $1.66 consensus and revenue of $3.99 billion versus $4.03 billion expected; revenue grew just 0.4% year over year. * MarketBeat previews top five stocks to own in November. Sonic Automotive (NYSE:SAH - Get Free Report) had its price objective reduced by investment analysts at Needham & Company LLC from $139.00 to $96.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's target price would suggest a potential upside of 51.24% from the stock's current price. Other analysts have also recently issued reports about the company. Bank of America boosted their price objective on Sonic Automotive from $91.00 to $108.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Weiss Ratings cut Sonic Automotive from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday. JPMorgan Chase & Co. decreased their price target on shares of Sonic Automotive from $72.00 to $64.00 and set an "underweight" rating on the stock in a research note on Tuesday, October 6th. Seaport Research Partners lowered shares of Sonic Automotive from a "buy" rating to a "neutral" rating and boosted their price target for the company from $185.00 to $205.00 in a report on Friday, July 17th. Finally, UBS Group dropped their price objective on shares of Sonic Automotive from $107.00 to $74.00 and set a "buy" rating for the company in a research note on Wednesday, October 7th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Sonic Automotive has a consensus rating of "Hold" and a consensus price target of $84.75. Sonic Automotive stock up 0.6%. SAH stock opened at $63.48 on Friday. Sonic Automotive has a twelve month low of $54.11 and a twelve month high of $113.67. The company has a quick ratio of 0.25, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. The company has a market cap of $2.01 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. The business's 50-day simple moving average is $68.13 and its 200 day simple moving average is $73.09. Discover more Invest in Stocks Start Investing Stock Screener Tool Sonic Automotive (NYSE:SAH - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.36). Sonic Automotive had a net margin of 1.37% and a return on equity of 20.75%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same period last year, the company earned $1.41 EPS. The company's revenue was up .4% on a year-over-year basis. On average, research analysts anticipate that Sonic Automotive will post 6.71 earnings per share for the current year. Insider activity. In related news, major shareholder Paul P. Rusnak bought 27,756 shares of the company's stock in a transaction dated Monday, October 5th. The stock was acquired at an average cost of $59.76 per share, with a total value of $1,658,698.56. Following the acquisition, the insider owned 5,149,401 shares in the company, valued at approximately $307,728,203.76. This represents a 0.54% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders purchased 76,776 shares of company stock valued at $4,584,694. Corporate insiders own 43.68% of the company's stock. Institutional trading of Sonic Automotive. Large investors have recently bought and sold shares of the stock. State of Wyoming acquired a new position in Sonic Automotive in the third quarter valued at about $153,000. Inspire Investing LLC increased its holdings in shares of Sonic Automotive by 30.0% during the third quarter. Inspire Investing LLC now owns 10,442 shares of the company's stock worth $630,000 after buying an additional 2,412 shares in the last quarter. CoreCap Advisors LLC increased its holdings in shares of Sonic Automotive by 15.5% during the third quarter. CoreCap Advisors LLC now owns 1,550 shares of the company's stock worth $94,000 after buying an additional 208 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Sonic Automotive in the second quarter valued at approximately $373,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Sonic Automotive in the second quarter valued at approximately $88,000. 46.92% of the stock is currently owned by institutional investors. Key stories impacting Sonic Automotive. Here are the key news stories impacting Sonic Automotive this week: * Sonic Automotive declared a quarterly dividend of $0.41 per share, payable January 15, 2027, to shareholders of record on December 15. The annualized dividend is $1.64 per share, representing an approximately 2.6% yield and signaling continued shareholder returns. * Third-quarter revenue was $3.99 billion, up just 0.4% year over year but slightly below the $4.03 billion analyst consensus. Investors may view the limited growth as evidence of a challenging automotive retail environment. * Adjusted earnings came in at $1.30 per share, missing the $1.66 consensus estimate by $0.36 and declining from $1.41 in the prior-year quarter. The larger-than-expected earnings miss is the main reason the stock has decreased and prompted reports highlighting the post-earnings decline. * Profitability remains relatively thin, with a reported 1.37% net margin. Combined with revenue growth of less than 1% and the earnings decline, this may reinforce concerns about margin pressure and near-term operating performance. About Sonic Automotive. Sonic Automotive, Inc is a U.S.-based automotive retailer headquartered in Charlotte, North Carolina. The company operates franchised dealerships that sell new and pre-owned vehicles from a range of automobile manufacturers, along with related automotive products and services. Its dealership operations provide vehicle financing and insurance products, maintenance and repair services, replacement parts, and collision-repair services. Sonic Automotive also operates EchoPark Automotive, a used-vehicle business focused on offering pre-owned vehicles and related finance and service products through dedicated retail locations. Founded in 1997 by automotive entrepreneur O. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Sonic Automotive, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sonic Automotive wasn't on the list. While Sonic Automotive currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership. This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power. Continue following MarketBeat

MarketBeat
Oct 9th, 2026
Sonic Automotive (NYSE:SAH) stock: insider Paul Rusnak buys 13,701 shares.

Sonic Automotive (NYSE:SAH) stock: insider Paul Rusnak buys 13,701 shares. October 9, 2026 Key points. * Major shareholder Paul Rusnak bought 13,701 Sonic Automotive shares at an average price of $59.78, investing approximately $819,046 and increasing his ownership to 5.16 million shares. * Sonic Automotive reported quarterly EPS of $1.82, beating estimates by $0.07, while revenue rose 7.6% year over year to $3.93 billion. The company also declared a $0.41 quarterly dividend, representing a 2.7% yield. * Analyst sentiment is mixed, with a consensus "Hold" rating and a $90.12 price target; several firms recently reduced their targets. Shares traded near $60.35, well below the 52-week high of $113.67. * MarketBeat previews the top five stocks to own by November 1st. Sonic Automotive, Inc. (NYSE:SAH - Get Free Report) major shareholder Paul Rusnak acquired 13,701 shares of the company's stock in a transaction on Wednesday, October 7th. The shares were acquired at an average cost of $59.78 per share, for a total transaction of $819,045.78. Following the completion of the acquisition, the insider owned 5,164,221 shares of the company's stock, valued at approximately $308,717,131.38. The trade was a 0.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC. Sonic Automotive stock performance. NYSE:SAH traded down $1.16 on Friday, reaching $60.35. 228,185 shares of the company's stock were exchanged, compared to its average volume of 288,620. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 9.63, a P/E/G ratio of 0.99 and a beta of 0.92. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 0.25. The stock has a fifty day simple moving average of $74.25 and a 200-day simple moving average of $78.22. Sonic Automotive, Inc. has a 52 week low of $54.11 and a 52 week high of $113.67. Sonic Automotive (NYSE:SAH - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.82 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.07. Sonic Automotive had a net margin of 1.37% and a return on equity of 20.75%. The company had revenue of $3.93 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the prior year, the company posted $2.19 EPS. Sonic Automotive's revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts predict that Sonic Automotive, Inc. will post 6.81 earnings per share for the current year. Sonic Automotive dividend announcement. The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be given a $0.41 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.64 annualized dividend and a dividend yield of 2.7%. Sonic Automotive's payout ratio is 26.16%. Institutional trading of Sonic Automotive. Several institutional investors and hedge funds have recently modified their holdings of SAH. CoreCap Advisors LLC grew its holdings in shares of Sonic Automotive by 15.5% during the third quarter. CoreCap Advisors LLC now owns 1,550 shares of the company's stock worth $94,000 after purchasing an additional 208 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Sonic Automotive in the second quarter valued at approximately $373,000. Ameritas Advisory Services LLC bought a new stake in Sonic Automotive during the second quarter valued at approximately $88,000. Northwestern Mutual Wealth Management Co. lifted its position in Sonic Automotive by 14.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,594 shares of the company's stock valued at $390,000 after purchasing an additional 582 shares during the last quarter. Finally, Denali Advisors LLC purchased a new position in Sonic Automotive in the 2nd quarter worth approximately $4,799,000. Hedge funds and other institutional investors own 46.92% of the company's stock. Wall Street Analyst weigh in. Several brokerages have commented on SAH. UBS Group cut their target price on Sonic Automotive from $107.00 to $74.00 and set a "buy" rating for the company in a research note on Wednesday. Morgan Stanley lowered their price target on shares of Sonic Automotive from $72.00 to $57.00 and set an "underweight" rating on the stock in a report on Monday. JPMorgan Chase & Co. cut their price objective on shares of Sonic Automotive from $72.00 to $64.00 and set an "underweight" rating for the company in a research report on Tuesday. Weiss Ratings lowered shares of Sonic Automotive from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, September 16th. Finally, Barclays lowered their target price on shares of Sonic Automotive from $87.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $90.12. Discover more Premium stock reports Stock Screener Tool Market Cap Calculator About Sonic Automotive. Sonic Automotive, Inc is an automotive retailer headquartered in Charlotte, North Carolina. The company operates franchised dealerships that sell new and used cars and light trucks from a range of manufacturers, along with related automotive products and services. Its dealership operations provide vehicle financing and insurance products, parts and maintenance services, collision repair, and other after-sales support. Sonic Automotive also operates EchoPark Automotive, a used-vehicle retail business focused on providing a broad selection of pre-owned vehicles and related services. Founded in 1997 by automotive entrepreneur O. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Sonic Automotive, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sonic Automotive wasn't on the list. While Sonic Automotive currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. The AI boom extends far beyond the biggest tech names. Discover 10 companies supplying the memory, storage, networking, semiconductor manufacturing, and power infrastructure that make AI possible. Learn where the next wave of AI investment opportunities may emerge - and the key risks investors should watch as the global AI buildout accelerates. Continue following MarketBeat

AlphaStreet
Oct 1st, 2026
Sonic Automotive jumps 5.6% amid sector-wide rally.

Sonic Automotive jumps 5.6% amid sector-wide rally. Sonic Automotive shares jumped 5.6% on Thursday as the stock rode a sector-wide rally that lifted auto dealership operators across the board. The stock clos... AlphaStreet Newsdesk powered by AlphaStreet Intelligence Sonic Automotive shares jumped 5.6% on Thursday as the stock rode a sector-wide rally that lifted auto dealership operators across the board. The stock closed at $63.74, climbing alongside three sector peers that all posted gains in the session, with AutoNation leading the group with a 6.0% surge. Stocks & Bonds The catalyst was pure sector momentum. Sonic Automotive's move came as part of a broad-based rally in auto dealership stocks, with AutoNation (AN) gaining 6.0%, Asbury Automotive Group (ABG) up 3.2%, and Group 1 Automotive (GPI) rising 5.3%. The coordinated gains suggest investors are warming to the sector rather than reacting to company-specific news from Sonic. When dealership stocks move in tandem like this, it often reflects shifting sentiment around consumer spending patterns, vehicle demand expectations, or financing conditions - though no specific catalyst has been identified for Thursday's move. Discover more Semiconductor stock analysis Company earnings calendar Trading volume and market positioning tell a mixed story. Sonic Automotive changed hands on 149,404 shares during Thursday's session, and the company now carries a market capitalization of $2.0 billion. The 5.6% single-day gain represents a meaningful move for a stock in the auto dealership space, which typically sees more modest daily swings compared to high-growth sectors. The fact that all four dealership operators moved higher in lockstep reinforces that this was a sector rotation rather than isolated news. The synchronized rally raises questions about sustainability. Without a clear fundamental driver - such as economic data pointing to stronger vehicle sales, improved financing availability, or favorable inventory trends - sector moves like this can prove fleeting. Investors who missed Thursday's jump may want to wait for confirmation that the positive sentiment has legs before chasing the rally. What to Watch: Monitor whether this sector strength extends into Friday's trading and watch for any economic data or industry reports that could explain the sudden shift in dealership sentiment. If peers continue to move together, it may signal a sustained re-rating of the group. This content is for informational purposes only and should not be considered investment advice. AlphaStreet Intelligence analyzes financial data using AI to deliver fast and accurate market information. Human editors verify content. Discover more Market research reports Investment research tools Stock alerts service

Insider Monkey
Sep 23rd, 2026
Can Sonic Automotive's luxury bet outrun margin pressure?

Can Sonic Automotive's luxury bet outrun margin pressure? Published September 23, 2026 at 9:52 am EDT - Updated September 23, 2026 at 10:45 am EDT Sonic Automotive's (NYSE:SAH) underlying business model capitalizes on a powerful structural advantage: orchestrating high-margin luxury retail density and diversified vehicle lifecycle streams that legacy dealer groups struggle to replicate efficiently. By anchoring its geographic footprint in ultra-wealthy corridors and pairing franchise luxury giants with high-velocity used channels like EchoPark, the company captures pricing power through integrated finance, insurance, and parts-and-service ecosystems. This diversified multi-channel approach creates a reliable portfolio compounding effect, as cross-selling opportunities and high-end brand loyalty naturally feed high-value gross profits into a scalable operating framework. Operating in an environment marked by a challenging consumer affordability backdrop, the company relies on disciplined capital allocation and roughly $676 million in available liquidity to fund strategic acquisitions, such as the recent addition of Porsche Walnut Creek and five Harley-Davidson dealerships, designed to offset unit-level margin compression and drive long-term earnings durability. Eager to capitalize on this momentum, the company struck its latest growth chord on August 27, when Sonic Automotive announced it had acquired Porsche Walnut Creek, adding a sixth Porsche store to its lineup and deepening its footprint in one of the country's priciest car markets. The deal lands less than a month after the company posted its best second quarter on record, setting the stage to test whether aggressive footprint expansion can successfully outrun underlying margin pressures. A bigger bet on luxury. Porsche Walnut Creek was previously run by Fletcher Jones Automotive Group and sits off the 680 Freeway in Walnut Creek, California, a Bay Area market Sonic's leadership calls one of the most important luxury corridors in the country. The store has served the community since 2006, and General Manager Mike Pardini has spent 22 years there, following his father, who worked at the same dealership for 15 years. The acquisition slots neatly into a California portfolio that already spans BMW, Jaguar, Land Rover, Lexus, Mercedes-Benz, MINI, EchoPark and Harley-Davidson, and it arrives as Porsche rolls out the Cayenne Electric, the first fully electric version of its longtime SUV nameplate. The timing lines up with a strong quarter. Revenue hit $3.9 billion, up 8% year over year, and gross profit reached an all-time high of $616.2 million. Reported net income jumped 226% to $57.4 million, or $1.79 per diluted share. EchoPark, Sonic's used car chain, sold 19,601 retail units, up 17% from a year earlier, pushing segment revenue up 15% to $582.9 million. Powersports had its best quarter yet too, with revenue climbing 53% to $73.5 million and adjusted EBITDA more than doubling, helped by five Harley-Davidson dealerships acquired in April that are expected to add roughly $100 million in annualized revenue. With about $676 million in total available liquidity and a quarterly dividend of $0.41 per share, Sonic has the room to keep shopping. Cracks beneath the surface. The headline profit numbers hide a softer story once you strip out one-time items. Adjusted net income actually fell 23% to $58.3 million, and adjusted earnings per share dropped 17% to $1.82, the opposite direction of the reported figures. EchoPark's segment income fell 38% to $7.2 million even as unit sales grew, meaning Sonic is selling more cars for less profit on each one. The same pattern shows up in the core franchised business: same-store gross profit fell 3% while revenue rose only 2%, new vehicle gross profit per unit dropped 16% to $2,872, used vehicle gross profit per unit fell 13% to $1,401, and finance and insurance profit per unit slipped 4% to $2,619. President Jeff Dyke pointed to a "challenging consumer affordability backdrop" as part of the explanation. Selling, general and administrative costs also ate up 72.2% of gross profit, leaving less room for error as Sonic folds in new Porsche and Harley-Davidson locations. What the market sees. Hedge fund ownership slipped from 24 funds to 22 in the most recent quarter, pointing to funds trimming rather than adding to positions. Short interest sits at 21.43% of the float, a level that reflects real skepticism and the kind of crowding that can spark a sharp rally if sentiment shifts. Against that backdrop, the stock trades at a forward P/E of just 8.90, as of September 22, a multiple that assumes little of the luxury expansion or Powersports growth translates into durable earnings. Where this leaves investors. Sonic is growing its top line and expanding into some of the country's wealthiest car markets while margins on both new and used vehicles keep shrinking. The Porsche Walnut Creek deal and the Harley-Davidson additions show a company willing to spend on scale, backed by a liquidity cushion and a shareholder dividend. For the growth story to hold up, profit per vehicle needs to stop sliding even as the footprint keeps expanding. For the skeptics reflected in that short interest to be right, the affordability pressure Dyke flagged would need to keep squeezing margins faster than acquisitions can add volume.