Sonic AutomotiveSAH
Market Cap: 1.98B
About: Sonic Automotive is one of the largest auto dealership groups in the United States. The company has 108 franchised stores in 18 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 25 EchoPark used-vehicle stores, 16 collision centers, and 13 powersports locations. The franchise stores derive revenue from new and used vehicles plus parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 86% of franchise new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute about 58% of new-vehicle revenue. BMW is the largest brand at about 25%. 2023's revenue was $14.4 billion, with EchoPark's portion totaling $2.4 billion. Sonic bought RFJ Auto in December 2021, which added $3.2 billion in sales.
Employees: 10,500
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
431% more call options, than puts
Call options by funds: $4.48M | Put options by funds: $842K
0% more capital invested
Capital invested by funds: $896M [Q4 2023] → $898M (+$1.92M) [Q1 2024]
1.07% less ownership
Funds ownership: 72.89% [Q4 2023] → 71.81% (-1.07%) [Q1 2024]
7% less funds holding
Funds holding: 195 [Q4 2023] → 181 (-14) [Q1 2024]
34% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 80
44% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 32
Research analyst outlook
6 Wall Street Analysts provided 1 year price forecasts over the past 6 months
6 analyst ratings
B of A Securities John Murphy | 15%upside $67 | Buy Maintained | 22 Jul 2024 |
JP Morgan Rajat Gupta | 1%downside $58 | Neutral Upgraded | 10 Jun 2024 |
JP Morgan Rajat Gupta | 9%downside $53 | Underweight Maintained | 2 May 2024 |
B of A Securities John Murphy | 17%upside $68 | Buy Upgraded | 26 Apr 2024 |
B of A Securities John Murphy | 6%downside $55 | Underperform Maintained | 29 Feb 2024 |
Financial journalist opinion
Based on 3 articles about SAH published over the past 30 days