Sonic Automotive
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 18 EchoPark used-vehicle stores, 16 collision centers, and 14 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 59% of new-vehicle revenue. BMW is the largest brand at about 25%. 2024's revenue was $14.2 billion, with Texas and California comprising 51% of the total. EchoPark's portion was $2.1 billion.
Employees: 10,800
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
569% more call options, than puts
Call options by funds: $1.82M | Put options by funds: $272K
41% more capital invested
Capital invested by funds: $868M [Q1] → $1.23B (+$360M) [Q2]
33% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 30
4% more funds holding
Funds holding: 206 [Q1] → 214 (+8) [Q2]
0.28% more ownership
Funds ownership: 69.72% [Q1] → 70.0% (+0.28%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
24% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 85
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
|
Morgan Stanley
Adam Jonas
|
$72
|
Equal-Weight
Maintained
|
14 Aug 2025 |
|
Needham
Chris Pierce
|
$95
|
Buy
Reiterated
|
6 Aug 2025 |
|
Benchmark
Michael Albanese
|
$80
|
Buy
Maintained
|
25 Jul 2025 |
|
JP Morgan
Rajat Gupta
|
$72
|
Underweight
Downgraded
|
17 Jul 2025 |
|
Stephens & Co.
Jeff Lick
|
$82
|
Equal-Weight
Downgraded
|
17 Jul 2025 |
Financial journalist opinion
Based on 3 articles about SAH published over the past 30 days
