Automotive Buyer Apprentice

The Presidio Group exclusively advised Fletcher Jones Automotive Group on the sale of a Northern California Porsche dealership to Sonic Automotive. WALNUT CREEK, Calif.-(BUSINESS WIRE)-The Presidio Group LLC ("Presidio"), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Fletcher Jones Automotive Group ("Fletcher Jones") on the sale of Porsche Walnut Creek in Walnut Creek, Calif., and its related real estate, to Sonic Automotive, Inc. ("Sonic") (NYSE: SAH). The transaction closed on August 25. "Buyers continue to pursue opportunities that align with their long-term objectives, particularly when they involve established luxury dealerships with strong brands and market positions." - George Karolis, president of The Presidio Group Share With the transaction, Fletcher Jones continues its strategic portfolio management moves and completes its exit from Northern California. "In recent years, we've taken steps to hone our dealership portfolio to focus on the markets that best align with our long-term objectives and where we have longstanding operations and significant scale in luxury automotive retail," said Keith May, president of Fletcher Jones Automotive Group. "The sale of Porsche Walnut Creek is another step in that effort, and Sonic is well positioned to continue the dealership's success. Presidio's guidance throughout the process was exceptional as usual; the firm's unmatched understanding of the dealership buy-sell landscape and its proven execution capabilities once again surpassed our expectations." For Sonic, the acquisition strengthens its existing portfolio in the California market, which includes BMW, Honda, Jaguar, Land Rover, Lexus, Mercedes-Benz, MINI and Toyota dealerships. The company also operates EchoPark Automotive and Harley-Davidson dealerships in the state. "It's been a pleasure working with our Porsche partners, The Presidio Group and Fletcher Jones Automotive Group on our acquisition of Porsche Walnut Creek," said David B. Smith, Chairman and Chief Executive Officer of Sonic Automotive. "We're excited to expand our portfolio with this acquisition and look forward to delivering our world-class guest experience to guests of Porsche Walnut Creek." The sale underscores California's position among the most competitive luxury dealership acquisition markets in the U.S. Presidio continues to actively represent dealers looking to both sell and buy in California, having already advised on transactions involving 45 dealerships in the state. In 2026 alone, Presidio has advised on five transactions involving 13 stores. "Porsche Walnut Creek brought together many of the attributes buyers are pursuing today - a premier luxury franchise, a highly affluent market and meaningful long-term growth potential," said Alex Watterson, managing director at The Presidio Group. "We were proud to help Fletcher Jones identify a buyer that recognizes those strengths and can leverage an established presence in the market." Opportunities to acquire established and successful Porsche dealerships in affluent, high-growth markets are relatively rare in the industry. With 204 U.S. locations at the beginning of 2026, Porsche has one of the smallest dealership networks in the country and relatively low dealer turnover. Presidio has now advised in transactions involving eight Porsche dealerships. "We were honored to once again help Fletcher Jones' leaders execute a transaction supporting the company's broader strategic vision, and we thank them for continuing to place their trust in our team," said George Karolis, president of The Presidio Group. "Even in today's more disciplined acquisition environment, buyers continue to pursue opportunities that align with their long-term objectives, particularly when they involve established luxury dealerships with strong brands and market positions." Seller legal counsel was provided by Jeff Roberts and Emily Dillow of Underwood and Roberts. Buyer legal counsel was provided by Kevin B. Gottehrer of Parker Poe Adams & Bernstein LLP. The Presidio Group provided exclusive M&A advisory services to Fletcher Jones Automotive Group through its wholly owned investment bank, Presidio Merchant Partners LLC. About Fletcher Jones Automotive Group Since 1946, Fletcher Jones Automotive Group has been a luxury automotive retail standard bearer in the U.S. Founded by Fletcher Jones Sr. with a single store in downtown Los Angeles, the group has grown over the past 80 years into one of the most respected and renowned luxury dealership groups in the country. Home to the nation's No. 1 Mercedes-Benz and Audi locations, Fletcher Jones has become synonymous with 5-star service, top-of-the-line quality and an unwavering commitment to customers. The group offers a comprehensive suite of services, including new- and used-vehicle sales, financing and leasing, parts and service and electric vehicle expertise. To learn more, visit www.fletcherjones.com. About Sonic Automotive For more than 60 years, Sonic Automotive has pursued a single purpose: to deliver an experience for its guests and its teammates that fulfills dreams, enriches lives and delivers happiness. Business Wire, Inc. don't simply sell and service vehicles. Business Wire, Inc. help people pursue their dreams, whether it's a guest purchasing their first vehicle, a family creating lifelong memories or a teammate building a meaningful career. Founded in 1966 by Bruton Smith, the company has grown into a Fortune 300 company under the leadership of Chairman and CEO David B. Smith. Today, more than 11,000 teammates bring the company's purpose to life across a nationwide network of 173 automotive and powersports franchises in 145 locations in 90 cities and 21 states. Business Wire, Inc. is proud to represent 24 automotive and 15 powersports brands and have helped more than 7 million guests purchase vehicles, delivered over 40 million service experiences and earned more than 1 million 5-star reviews by consistently putting people first. At Sonic Automotive, Business Wire, Inc. believe trust isn't claimed - it's earned through transparency, consistency, integrity and genuine care. That's why Business Wire, Inc. were the only automotive and powersports retailer recognized by Newsweek as one of America's Most Trustworthy Companies in 2026. As the automotive and powersports industries continue to evolve, its mission remains constant: to innovate, lead with integrity and create exceptional experiences that inspire confidence, build lifelong relationships and positively impact every life Business Wire, Inc. touch. Sonic Automotive. Driven By People. Inspired By Purpose. For more information, visit www.sonicautomotive.com and ir.sonicautomotive.com. About The Presidio Group LLC The Presidio Group was founded in 1998 with the simple mission to relentlessly put the interests of its clients first. By steadfastly adhering to this philosophy, the firm has earned the trust of clients throughout the United States. During their careers, the professionals at Presidio have collectively closed 325 transactions for nearly $22.5 billion. The Presidio Group, based in Denver and Atlanta, publishes research, industry insights and data reports about the automotive retail landscape. Presidio Merchant Partners LLC is a subsidiary of The Presidio Group LLC and is a member of FINRA and SIPC. For more information on Presidio, visit www.thepresidiogroup.com.

Sonic Automotive, Inc. (NYSE:SAH) to issue $0.41 quarterly dividend. July 30, 2026 Key points. * Sonic Automotive declared a quarterly dividend of $0.41 per share, payable October 15 to shareholders of record on September 15. The dividend implies an annualized payout of $1.64 and a 1.6% yield. * The dividend appears well covered, with a current payout ratio of 23.5% and an expected future payout ratio of 21.8%; the company has raised its dividend for four consecutive years. * Sonic Automotive reported quarterly EPS of $1.82, exceeding analysts' $1.75 estimate, while revenue rose 7.6% year over year to $3.93 billion. Shares closed at $100.89 after declining $11.77 during the session. * MarketBeat previews the top five stocks to own by August 1st. Sonic Automotive, Inc. (NYSE:SAH - Get Free Report) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.41 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 15th. Sonic Automotive has increased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 4 years. Sonic Automotive has a payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sonic Automotive to earn $7.53 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 21.8%. Sonic Automotive stock performance. Shares of NYSE SAH traded down $11.77 during trading on Thursday, reaching $100.89. 384,111 shares of the company traded hands, compared to its average volume of 278,872. The firm has a 50 day simple moving average of $87.78 and a 200-day simple moving average of $73.57. Sonic Automotive has a 52-week low of $54.11 and a 52-week high of $113.67. The stock has a market capitalization of $3.19 billion, a PE ratio of 32.13, a P/E/G ratio of 1.60 and a beta of 0.89. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 1.93. Sonic Automotive (NYSE:SAH - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.75 by $0.07. Sonic Automotive had a return on equity of 22.45% and a net margin of 0.72%.The company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the company posted $2.19 earnings per share. Sonic Automotive's revenue was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that Sonic Automotive will post 6.93 earnings per share for the current year. Sonic Automotive company profile. Sonic Automotive, Inc is a publicly traded automotive retailer that operates a network of franchised new-car dealerships and used-vehicle dealerships across the United States. Headquartered in Charlotte, North Carolina, the company offers a range of services that include vehicle sales, leasing, finance and insurance products, service and parts, and collision repair. Sonic Automotive's dealerships represent numerous major automotive brands, and the company also markets a broad selection of pre-owned vehicles under its own banner. Discover more Financial News Subscription Dividend Screener Tool In addition to its core dealership operations, Sonic Automotive has developed digital retail capabilities that allow customers to research, shop and complete transactions online. 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. Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.

Sonic Automotive opens new Massey Cadillac of South Orlando dealership in Lake Nona. Strategic Relocation Brings Expanded Capabilities and a Modern Luxury Experience to Central Florida CHARLOTTE, N.C., July 27, 2026 - Sonic Automotive, Inc. ( NYSE: SAH), one of the nation's largest automotive and powersports retailers and a recipient of Newsweek's 2026 "Most Trustworthy Companies in America" award, has officially announced the relocation of its Massey Cadillac of South Orlando dealership to the high-growth Lake Nona community. The new 34,000-square-foot facility, located at 2698 J Lawson Blvd, is now fully operational. The relocation reflects Sonic Automotive's continued commitment to the Cadillac brand and its evolving portfolio of luxury vehicles. The new custom facility brings a modern showroom, advanced digital retail tools, and a significantly expanded service capability to the region, featuring 17 service bays equipped to maintain and repair Cadillac's full vehicle lineup, including dedicated infrastructure for electric vehicle service. As the largest Cadillac dealer in Central Florida and a top ten Cadillac EV retailer in the nation, Massey Cadillac of South Orlando is uniquely positioned to help guests navigate the future of luxury mobility. Massey Cadillac of South Orlando complements Sonic's Massey Cadillac of North Orlando dealership, and together, these dealerships offer the largest inventory of Cadillac vehicles in the Orlando community. These dealerships, along with nine other automotive and powersports dealerships owned by Sonic Automotive throughout Florida, provide guests with high-quality inventory and world-class sales and service experience. "We've been serving the Orlando community since 2002, and are proud to bring the Massey Cadillac of South Orlando experience to a new home in Lake Nona," said David B. Smith, Chairman and Chief Executive Officer of Sonic Automotive, Inc. "This new, state-of-the-art facility reflects our commitment to the Cadillac brand, offering a premium environment for our guests to shop and advanced tools for our teammates to service today's vehicles and the next generation of Cadillac products. Combined with our Massey Cadillac of North Orlando dealership, we're proud to provide access to the largest Cadillac inventory in Central Florida." Massey Cadillac of South Orlando was named a 2025 Cadillac Dealer of the Year, an award given to the top 20 dealerships nationwide in recognition of excellence in sales, service, and the overall ownership experience. This relocation marks an exciting new chapter while preserving the trusted relationships and personalized service that have defined the dealership's role in the community for generations. The new Massey Cadillac of South Orlando dealership in Lake Nona is now open to the public. For operating hours, service appointments and to view our current inventory, visit masseycadillacsouth.com. About Massey Cadillac of South Orlando Massey Cadillac of South Orlando is a premier Cadillac retailer serving Central Florida. Known for delivering exceptional luxury automotive sales and service experiences, the dealership was awarded the 2025 Cadillac Dealer of the Year award and is one of the top ten Cadillac EV retailers in the nation. Massey Cadillac of South Orlando offers guests access to the largest Cadillac inventory across its Central Florida locations while providing expert guidance throughout every stage of vehicle ownership. Find out more at masseycadillacsouth.com. About Sonic Automotive For more than 60 years, Sonic Automotive has pursued a single purpose: to deliver an experience for our guests and our teammates that fulfills dreams, enriches lives, and delivers happiness. We don't simply sell and service vehicles. We help people pursue their dreams, whether it's a guest purchasing their first vehicle, a family creating lifelong memories, or a teammate building a meaningful career. Founded in 1966 by Bruton Smith, the company has grown into a Fortune 300 company under the leadership of Chairman and CEO David B. Smith. Today, more than 11,000 teammates bring the company's purpose to life across a nationwide network of 173 automotive and powersports franchises in 145 locations in 90 cities and 21 states. We are proud to represent 24 automotive and 15 powersports brands and have helped more than 7 million guests purchase vehicles, delivered over 40 million service experiences, and earned more than 1 million 5-star reviews by consistently putting people first. At Sonic Automotive, we believe trust isn't claimed - it's earned through transparency, consistency, integrity, and genuine care. That's why we were the only automotive and powersports retailer recognized by Newsweek as one of America's Most Trustworthy Companies in 2026. As the automotive and powersports industries continue to evolve, our mission remains constant: to innovate, lead with integrity, and create exceptional experiences that inspire confidence, build lifelong relationships, and positively impact every life we touch. Sonic Automotive. Driven By People. Inspired By Purpose. For more information, visit www.sonicautomotive.com and ir.sonicautomotive.com. Sonic Automotive Press Inquiries Sonic Automotive Media Relations [email protected] Released July 27, 2026