Sonic Automotive (SAH)

• Market cap: $2.88B
• 1 day: 2.28%
• 5 days: 7.72%
• 1 month: 10.50%
• 3 months: 21.62%
• 6 months: 22.36%
• Year to date: 35.33%
• 1 year: 33.85%
• 5 years: 102.79%
• 10 years: 296.34%
• Sector: Consumer Discretionary
• Industry: Auto & Truck Dealerships

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)

164% more call options, than puts

Call options by funds: $718K | Put options by funds: $272K

41% more capital invested

Capital invested by funds: $867M [Q1] → $1.22B (+$357M) [Q2]

33% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 30

3% more funds holding

Funds holding: 205 [Q1] → 212 (+7) [Q2]

0.15% more ownership

Funds ownership: 69.67% [Q1] → 69.82% (+0.15%) [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: 64 | Existing positions reduced: 84

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $72 15% downside
• Avg. target: $83 2% downside
• High target: $95 13% upside

6 analyst ratings

• positive: 3 50%
• neutral: 2 33%
• negative: 1 17%

Morgan Stanley Adam Jonas	15% downside $72	Equal-Weight Maintained	14 Aug 2025
Needham Chris Pierce	13% upside $95	Buy Reiterated	6 Aug 2025
Benchmark Michael Albanese	5% downside $80	Buy Maintained	25 Jul 2025
JP Morgan Rajat Gupta	15% downside $72	Underweight Downgraded	17 Jul 2025
Stephens & Co. Jeff Lick	3% downside $82	Equal-Weight Downgraded	17 Jul 2025