Sonic Automotive (SAH)

• Market cap: $2.55B
• 1 day: -2.24%
• 5 days: 2.44%
• 1 month: 8.61%
• 3 months: 25.84%
• 6 months: 12.88%
• Year to date: 20.43%
• 1 year: 32.25%
• 5 years: 151.64%
• 10 years: 209.78%
• 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 15 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 Q1 regulatory disclosures by fund managers ($100M+ AUM)

546% more call options, than puts

Call options by funds: $956K | Put options by funds: $148K

112% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 17

9% more funds holding

Funds holding: 187 [Q4 2024] → 204 (+17) [Q1 2025]

1.75% more ownership

Funds ownership: 67.9% [Q4 2024] → 69.65% (+1.75%) [Q1 2025]

9% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 65

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]

9% less capital invested

Capital invested by funds: $954M [Q4 2024] → $867M (-$86.7M) [Q1 2025]

Research analyst outlook

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

• Low target: $64 15% downside
• Avg. target: $70 7% downside
• High target: $76 1% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Benchmark Michael Albanese	1% upside $76	Buy Initiated	28 May 2025
Needham Chris Pierce	1% downside $74	Buy Maintained	24 Apr 2025
Citigroup Michael Ward	15% downside $64	Neutral Initiated	23 Apr 2025
JP Morgan Rajat Gupta	13% downside $65	Overweight Maintained	27 Mar 2025