In yesterday’s Wall Street session, Sonic Automotive Inc. (NYSE:SAH) shares traded at $48.34, down -1.06% from the previous session.
9 analysts cover Sonic Automotive Inc. (NYSE:SAH), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $62.00 and a low of $33.00, we find $53.00. Given the previous closing price of $48.86, this indicates a potential upside of 8.47 percent. SAH stock price is now -2.71% away from the 50-day moving average and 5.84% away from the 200-day moving average. The market capitalization of the company currently stands at $1.75B.
The stock has received a hold rating from 2 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $51.17 as their price target over the next twelve months.
With the price target maintained at $60, JP Morgan recently Upgraded its rating from Neutral to Overweight for Sonic Automotive Inc. (NYSE: SAH)., while ‘Seaport Research Partners’ rates the stock as ‘Neutral’.
In other news, SMITH DAVID BRUTON, Chairman and CEO sold 54,670 shares of the company’s stock on Aug 25. The stock was sold for $3,039,433 at an average price of $55.60. Upon completion of the transaction, the Chairman and CEO now directly owns 467,856 shares in the company, valued at $22.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 24, Chairman and CEO SMITH DAVID BRUTON sold 97,731 shares of the business’s stock. A total of $5,378,919 was realized by selling the stock at an average price of $55.04. This leaves the insider owning 467,856 shares of the company worth $22.62 million. Insiders disposed of 437,570 shares of company stock worth roughly $21.15 million over the past 1 year. A total of 7.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SAH stock. A new stake in Sonic Automotive Inc. shares was purchased by J. GOLDMAN & CO LP during the first quarter worth $11,923,000. WEISS MULTI-STRATEGY ADVISERS LLC invested $4,983,000 in shares of SAH during the first quarter. In the first quarter, QUADRATURE CAPITAL LTD acquired a new stake in Sonic Automotive Inc. valued at approximately $2,488,000. WINTON GROUP LTD acquired a new stake in SAH for approximately $1,985,000. POINT72 ASSET MANAGEMENT, L.P. purchased a new stake in SAH valued at around $1,837,000 in the second quarter. In total, there are 296 active investors with 86.90% ownership of the company’s stock.
On Tuesday morning Sonic Automotive Inc. (NYSE: SAH) stock kicked off with the opening price of $48.49. During the past 12 months, Sonic Automotive Inc. has had a low of $34.17 and a high of $59.19. As of last week, the company has a debt-to-equity ratio of 2.55, a current ratio of 1.00, and a quick ratio of 0.30. The fifty day moving average price for SAH is $49.69 and a two-hundred day moving average price translates $45.67 for the stock.
The latest earnings results from Sonic Automotive Inc. (NYSE: SAH) was released for Sep, 2022. According to the Auto & Truck Dealerships Company, earnings per share came in at $2.23, missing analysts’ expectations of $2.47 by -0.24. This compares to -$0.01 EPS in the same period last year. The net profit margin was 2.70% and return on equity was 33.50% for SAH. The company reported revenue of $3.45 billion for the quarter, compared to $3.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.21 percent. For the current quarter, analysts expect SAH to generate $3.88B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/13/2023. Investors who held shares on 12/15/2022 were paid a $0.28 dividend. On an annualized basis, this represents a $1.12 dividend and a 2.32% percent yield. There was an ex-dividend date of 12/14/2022 for this dividend. In terms of dividend payout ratio, SAH is presently at 9.20%.
Sonic Automotive Inc.(SAH) Company Profile
Sonic Automotive, Inc. operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests. The EchoPark segment sells used cars and light trucks; and arranges finance and insurance product sales for its guests in pre-owned vehicle specialty retail locations. As of December 31, 2021, the company operated 140 new vehicle franchises representing 28 brands of cars and light trucks; 17 collision repair centers in 17 states; and 46 EchoPark stores in 16 states, including 11 Northwest Motorsport pre-owned vehicle stores. Sonic Automotive, Inc. was incorporated in 1997 and is based in Charlotte, North Carolina.