March 18, 2013 at 14:12 PM EDT
Sonic Automotive Delays Report On Accounting Issues
Sonic Automotive (SAH) will delay the filing of its annual report due to accounting problems at its dealerships, the company announced Monday. The company plans to file the annual report during the 15-day extension period. Shares of the third largest publicly traded auto dealership group in the U.S. dropped 4.2% to 23.30, falling below its 50-day line, in the stock market today. Sonic's shares had climbed 13% this year, before Monday's dip as car
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