SAH stock icon

Sonic Automotive
SAH

$53.96
2.63%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 5 analysts
News positive %

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

5 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$40
26%
downside
Avg. target
$55
2%
upside
High target
$68
26%
upside

5 analyst ratings

positive
20%
neutral
20%
negative
60%
JP Morgan
Rajat Gupta
7%upside
$58
Neutral
Upgraded
10 Jun 2024
JP Morgan
Rajat Gupta
2%downside
$53
Underweight
Maintained
2 May 2024
B of A Securities
John Murphy
26%upside
$68
Buy
Upgraded
26 Apr 2024
B of A Securities
John Murphy
2%upside
$55
Underperform
Maintained
29 Feb 2024
Morgan Stanley
Adam Jonas
26%downside
$40
Underweight
Maintained
29 Feb 2024

Financial journalist opinion