An executive at Sonic Automotive Inc., one of the nation’s largest automotive retailers, sold thousands of dollars of company stock according to a filing Wednesday with the Securities and Exchange Commission.
Jeff Dyke, executive vice president of operations, sold 25,000 shares of stock at $20.09 a share for a total of $502,264.
Dyke still owns 1.2 million shares worth roughly $25 million.
Dyke has been the executive vice president of operations at Sonic Automotive since 2008. Formerly, he was the chief operating officer of the Southeast region since 2007 and the vice president of the Eastern region since 2006.
The charlotte-based company reported earnings last week matching Wall Street expectations.
Sonic Automotive reported net income from continuing operations for third quarter of $17.4 million, or 40 cents per share, compared to an adjusted net income of $21.2 million, or 47 cents per share the previous year.
During the third quarter, all stores in the Houston market were closed for roughly a week due to hurricane Harvey. Nearly 20 percent of Sonic Automotive’s store count and 30 percent of profits come from the Houston market.
“Hurricane Irma’s effects on Sonic were less significant than those of Harvey but still affected our operations from south Florida up into the Carolinas,” said Dyke in a statement.
Sonic Automotive stock is at $20.85 in Thursday morning trading.

