This is What Makes Sonic Automotive Inc. Stocks A Gamechanger?

Currently, Sonic Automotive Inc. [SAH] is trading at $50.23, down -0.53%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SAH shares have lost -2.10% over the last week, with a monthly amount drifted -13.14%, and not seem to be holding up well over a long-time horizon.

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On 14, March 2023, Sonic Automotive Announces Grand Opening of Audi Downtown Nashville. In a post published today on Yahoo Finance, An innovative, technology-driven guest experience center located in the heart of downtown Nashville.

From an analyst’s perspective:

Sonic Automotive Inc. [NYSE: SAH] stock has seen the most recent analyst activity on February 21, 2023, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $55 from $60. Previously, JP Morgan upgraded its rating to Overweight on October 06, 2022, and kept the price target unchanged to $60. On September 09, 2022, downgrade downgraded it’s rating to Underperform. Seaport Research Partners downgraded its rating to a Neutral. JP Morgan downgraded its rating to a Neutral and reduced its price target to $57 on April 07, 2022. Morgan Stanley downgraded its rating to Underweight for this stock on November 17, 2021, but kept the price target unchanged to $40. In a note dated January 15, 2021, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $55.

This stock has fluctuated between a low of $34.17 and a high of $62.26 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $56.50 within the next 12 months. Sonic Automotive Inc. [NYSE: SAH] shares were valued at $50.23 at the most recent close of the market. An investor can expect a potential return of 12.48% based on the average SAH price forecast.

Analyzing the SAH fundamentals

Recent quarter sales for Sonic Automotive Inc. [NYSE:SAH] were 3.59 billion which represents 12.80% growth. During this period, the public company’s revenue per employee was $1,359,330, while its income per employee was $8,592. Gross Margin for this corporation currently stands at +15.64% with Operating Margin at +4.54%, Pretax Margin comes in at +1.36%, and Net Margin reading is +0.63%. To continue investigating profitability, this company’s Return on Assets is posted at 1.78, Equity is 8.98, Total Capital is 14.47, and Invested Capital is 2.94. An extended look at the Principal structure reveals enduring liabilities to the total capital of 79.57 and enduring liabilities to assets of 70.04.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 49.03 points at the first support level, and at 47.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.49, and for the 2nd resistance point, it is at 52.74.

Sonic Automotive Inc. [SAH] reported earnings per share of $2.23 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.47/share, meaning a difference of -$0.24 and a surprise factor of -9.70%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $2.34 per share as compared to estimates of $2.55 per share, a difference of -$0.21 representing a surprise of -8.20%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Sonic Automotive Inc. [NYSE:SAH] is 1.20. In addition, the Quick Ratio stands at 0.54 and the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 0.14, the price to book ratio is 1.99 and the P/E (TTM) ratio is 29.90.

Transactions by insiders

In the past 3 months, 4 insiders have purchased 228,070 shares, and 8 have sold 138,839 shares. Recent insider trading involved DYKE JEFF, President, that happened on Feb 17 when 93114.0 shares were sold. President, DYKE JEFF completed a deal on Feb 17 to sell 22710.0 shares. Meanwhile, Chairman and CEO SMITH DAVID BRUTON sold 54670.0 shares on Aug 25.