HIGHBuilt-inProduct / Revenue mix
85%
Franchised Dealerships Segment
“10-K Item 1: 'Franchised Dealerships Segment revenue represented approximately 85.0% of total revenue'”
SAH · Concentration risk · 10-K extracted
Sonic Automotive (SAH) concentration risks
Updated
The most significant concentration Sonic Automotive discloses is Franchised Dealerships Segment at 85%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Sonic Automotive’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
26.2%
Texas
“10-K Item 1: 'Texas| | 27 | | | 6 | | | 7| | 26.2 | %'”
LOWBuilt-inGeographic
24.6%
California
“10-K Item 1: 'California| | 23 | | | 1 | | | — | | | 24.6 | %'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile combines a high-share product-segment exposure with medium- and low-share geographic exposures, all of which are structural in character — they reflect deliberate strategic choices about what business to operate and where, rather than dependencies on any individual customer or counterparty. The most prominent disclosure is that the Franchised Dealerships Segment accounted for approximately 85.0% of total revenue — a high share by disclosed size. This means the company's financial results are predominantly determined by the performance of its franchised dealership operations rather than by its other business lines. The structural nature of this concentration is clear: the company's identity and operational model are centered on franchised dealerships, so this exposure is unlikely to shift materially in the near term without a deliberate portfolio transformation. On the geographic side, the company has its largest presence in Texas, which represents the largest disclosed portion of the dealership network, a medium-share structural exposure. California represents the next-largest geographic cluster, a low-share structural exposure. Both figures appear in pipe-delimited table fragments in the filing and are therefore described qualitatively here. The geographic concentrations in Texas and California introduce state-specific economic and regulatory risk — including exposure to local auto market conditions, state franchise laws, and consumer sentiment in those individual economies. Together, the profile is coherent: a dominant franchised dealership model with geographic emphasis on two large Sun Belt and West Coast states. The primary monitoring variables are new and used vehicle demand in those markets, OEM franchise relationships, and state-level economic conditions.
For the engine’s reasoning on SAH’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Auto & Truck Dealerships
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AN | AutoNation, Inc. | 1 | 1 | 2 | 4 |
| SAH● | Sonic Automotive, Inc. | 1 | 1 | 1 | 3 |
| ABG | Asbury Automotive Group Inc | 0 | 1 | 2 | 3 |
| CARG | CarGurus, Inc. | 0 | 0 | 0 | 0 |
| CVNA | Carvana Co. | 0 | 0 | 0 | 0 |
| DRVN | Driven Brands Holdings Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.