Skip to main content

How record earnings made Sonic Automotive aggressive on acquisitions

CEO David Smith says Sonic Automotive is unlikely in the next two years to seek another large deal like the $700 million acquisition of RFJ Auto Partners, expected to close in December. But the company will continue to buy smaller dealership chains in the still-fragmented new-car market.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.