Cyber Insurance Settlement Boosts Financial Results of Major Auto Dealer
Sonic Automotive Inc., one of America’s largest car dealers, recently reported that its Q1-2025 net income reached $70.6 million, “up 68% year-over-year.” But that increase “includes the effect of a $30.0 million pre-tax gain” from a cyber insurance settlement, the company (NYSE:SAH) noted in an April 24th press release. Sonic had recognized another, related $10 million … Read more