SAH SONIC AUTOMOTIVE INC

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 3/4 quarters. Q1 2026: $35M, Q3 2025: $0M, Q2 2025: $0M, Q1 2025: $27M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $35M vs trailing avg $9M (+291%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-182M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Are officers and directors buying stock with their own money on the open market?

6 open-market purchases by 1 insiders

• Rusnak Paul P. () bought 11,481 shares at $59.95 on 2026-02-17
• Rusnak Paul P. () bought 48,540 shares at $59.92 on 2026-02-13
• Rusnak Paul P. () bought 11,483 shares at $59.97 on 2026-02-12
• Rusnak Paul P. () bought 1,931 shares at $59.98 on 2026-02-11
• Rusnak Paul P. () bought 7,827 shares at $59.96 on 2026-02-10
• Rusnak Paul P. () bought 18,738 shares at $59.98 on 2026-02-05

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 3 quarters and 6 insider purchases by 1 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $6M, sold $0M in the last 90 days (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected