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The filed complaint alleges that Sonic Automotive, Inc. made materially false and/or misleading statements and/or failed to disclose that: Sonic Automotive reported its financial results for the third quarter of 2025 on October 23, 2025. Among other items, Sonic Automotive reported a 33% decline in net income, which the Company attributed to a significant increase in medical expenses and a higher effective income tax rate during the quarter. Following this news, Sonic Automotive's stock price fell over 15% on October 23, 2025.
In order to be eligible to join the SAH class action lawsuit, you must have incurred a loss on shares of Sonic Automotive, Inc. purchased during the class period listed above.
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