On Friday, one auto analyst downgraded the stocks of three auto dealers and suppliers as auto market pressures persist. The Analyst: Bank of America analyst John Murphy issued the following three auto industry ratings changes: American Axle & Manufact. Holdings, Inc. (NYSE: AXL ) downgraded from Buy to Neutral, price target cut from $16 to $13. CarMax, Inc (NYSE: KMX ) downgraded from Neutral to Underperform, price target cut from $146 to $100. Sonic Automotive Inc (NYSE: SAH ) downgraded from Neutral to Underperform, price target cut from $82 to $71. Related Link: 4 Rivian Analysts On Sales Growth, Widening Losses: Is EV Maker Back … Full story available on Benzinga.com
Sonic Automotive (SAH) continues the expansion of the EchoPark Automotive brand with the opening of its newest Retail Hub in Roseville near Sacramento, California.EchoPark Sacramento…
Sonic Automotive (SAH) announced Wednesday the opening of EchoPark''s new delivery centre in Tulsa, Oklahoma, the concept catering consumers who want to start their pre-owned…
Sonic Automotive (SAH) announced Wednesday the opening of EcoPark''s new delivery centre in Tulsa, Oklahoma, the concept catering consumers who want to start their pre-owned…
40% technical buy signals. 15 new highs and up 49.86% in the last month. Price Targets from $33.00-$82.00 with an average of $59.26.
Sonic Automotive (SAH) has acquired Owings Mills, Maryland-based dealership, Audi Owings Mills.Terms of the deal were not disclosed.Located at 9804 Reisterstown Road, Audi Owings…
Sonic Automotive, Inc. (“Sonic'''' or the “Company”) (NYSE:SAH), a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced it has acquired Audi Owings Mills. This transaction marks Sonic’s 8th Audi franchise and 112th franchised dealership overall. Located in Owings Mills, Maryland, the dealership serves residents of the greater Baltimore area and surrounding
Sonic Automotive, Inc. (Symbol: SAH) has been named as a Top 25 dividend stock, according the most recent Dividend Channel ''''DividendRank'''' report. The report noted that among the coverage universe, SAH shares displayed both attractive valuation metrics and strong profitabili
According to Benzinga Pro data Sonic Automotive (NYSE: SAH ) posted a 2.57% decrease in earnings from Q1. Sales, however, increased by 1.84% over the previous quarter to $3.65 billion. Despite the increase in sales this quarter, the decrease in earnings may suggest Sonic Automotive is not utilizing their capital as effectively as possible. In Q1, Sonic Automotive earned $97.30 million and total sales reached $3.59 billion. What Is Return On Invested Capital? Earnings data without context is not clear and can difficult to base trading decisions on. Return on Invested Capital (ROIC) helps to filter signal from noise by measuring yearly pre-tax profit relative to invested capital by a business. Generally, a higher … Full story available on Benzinga.com
Public auto dealership groups — AutoNation, Lithia Motors, Group1, Sonic Automotive, Penske, and Asbury — see huge profits to be made in the fragmented market.
Sonic Automotive''s financial results for Q2 2022 weren''t as good as what the market expected. Read why I maintain a Hold rating for SAH stock.
Sonic Automotive, Inc. (NYSE:NYSE:SAH) Q2 2022 Earnings Conference Call July 28, 2022, 11:00 AM ET Company Participants David Smith - CEO Jeff Dyke - President Heath Byrd - CFO Tim Keen -…
Sonic Automotive (NYSE: SAH ) reported its Q2 earnings results on Thursday, July 28, 2022 at 07:00 AM. Here''s what investors need to know about the announcement. Earnings Sonic Automotive missed estimated earnings by 3.92%, reporting an EPS of $2.45 versus … Full story available on Benzinga.com
Sonic Automotive (SAH) declared $0.25/share quarterly dividend, in line with previous.
Sonic Automotive press release (SAH): Q2 Non-GAAP EPS of $2.45 misses by $0.10 (vs
At the end of each year, InvestorPlace invites its analysts and writers to take a stab at picking one stock they think will do better than the rest during the next year. Nine analysts chose stocks this year , and our readers chose their favorite in an open poll. Of course, it’s impossible to talk about how everyone’s choices are stacking up without first addressing the elephant in the room, which is that very few stocks are actually doing well this year. The fact that any of our analysts managed to pick a stock that’s gone up in price this year is commendable. We’ve passed the halfway point of 2022, and multiple major indexes have slipped into bear market territory, with the S&P 500 now down 20% and the Nasdaq down 28%. There have been plenty of headwinds for the market, from Russia’s invasion of Ukraine to the Federal Reserve raising interest rates, and it has had cascading effects for everyone, not just those buying stocks. From gas prices to rent prices, it seems nothing is immune — except, perhaps, for the Costco (NASDAQ: COST ) hot dog, thank goodness .
Morgan Stanley analyst Adam Jonas lowered the firm''s price target on Sonic Automotive to $33 from $40 and keeps an Underweight rating on the shares
CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Schedules Release of 2022 Second Quarter Financial Results
Unlike the slimy voices that you often hear on Wall Street, I’m not going to invoke a game of word salad to present auto dealership Sonic Automotive (NYSE: SAH ) as an excellent idea. Clearly, with SAH stock down 29% on a year-to-date basis, you would have been better off buying shares of the benchmark SPDR S&P 500 ETF Trust (NYSEARCA: SPY ). However, at this moment, SAH stock is significantly undervalued. Let’s get the bad news out of the way first. A brief glance of the charts will show you that not many individual securities have performed well so far this year. Obviously, the prime negative catalyst for the malaise is inflation. Since January 2020, the purchasing power of the dollar declined by nearly 12%. For context, between the beginning of 2013 and the end of 2019, the greenback shed 10.4% of purchasing power. What this dynamic translates to is a horrific realization that the months and possibly years ahead may be economically traumatic for households. Core readings for consumer sentiment are down substantially.
Sonic Automotive Inc (NYSE: SAH ) has chosen Instabase for its automated document processing capabilities. Through the partnership, Sonic Automotive will be able … Full story available on Benzinga.com
Although the conservative approach is to heed the warning of the broader market meltdown, these ideas are going against the grain. Chefs’ Warehouse ( CHEF ): A likely beneficiary of the retail revenge and revenge traveling phenomena, CHEF is an intriguing name among stocks to buy. TreeHouse Foods ( THS ): A multinational food processing firm specializing in private labels, THS could continue rising higher due to its underlying essential business. Vita Coco ( COCO ): Maker of healthy coconut-infused water products, COCO has performed well as another essential goods play among stocks to buy. Campbell Soup ( CPB ): As consumer spending focuses on core essentials, CPB has become one of the best performing stocks to buy. Masonite International ( DOOR ): A beneficiary of the housing boom, DOOR intrigues as one of the stocks to buy, although investors should recognize the risks. Camping World ( CWH ): A highly risky name among stocks to buy, CWH currently enjoys relevance as airfare costs have spiked.
Sonic Automotive found using ticker (SAH) have now 6 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The target price ranges between 85 and 43 calculating the average target price we see 67.5. Now with the previous closing price of 47.34 this would imply there is a potential upside of 42.6%. The 50 day moving average now sits at 46.23 while the 200 day moving average is 49.46. The market cap for the company is $1,833m. Find out more information at: https://www.sonicautomotive.com [stock_market_widget type="chart" template="basic" color="green" assets="SAH" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,613m based on the market concensus. Sonic Automotive operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests.
Sonic Automotive, Inc. (Sonic or the Company) (NYSE:SAH), a Fortune 500 Company and one of the nations largest automotive retailers, today announced the recent opening of an EchoPark Automotive delivery center in the Greensboro, North Carolina market. The pre-owned vehicle market continues to grow, and the way consumers shop and buy vehicles is trending toward a more modern,
ATLANTA--(BUSINESS WIRE)--Sonic Automotive Adds Additional Market To Its Growing EchoPark Nationwide Distribution Network & Digital Expansion In Marietta, Georgia
Sonic Automotive, Inc. (Sonic or the Company) (NYSE:SAH), one of the nations largest automotive retailers, today announced it will release fiscal 2021 second quarter financial results on Thursday, July 29, 2021 by 7:00 A.M. (Eastern). Senior management will hold a conference call on Thursday, July 29, 2021 at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials
The Power of the Dividend In a world obsessed with price movements of stocks, it''s easy to lose sight of what those prices represent -- the value of holding a company''s future profit potential. One of the key ways that profit potential turns into profit actualization in an investor''s pocket is the dividend -- cash (usually) payments made to stockholders representing a portion of a company''s retained earnings. Retained earnings is found under the shareholder''s equity portion of the balance sheet and represents the amount of earnings a company has left over after paying dividends to its shareholders. Before further discussion of why dividends can be impactful in the long-term, here''s a plot showing how much of a difference reinvested dividends would make in one''s five year holdings of NYSE:SAH compared to holding the dividends as cash and regular price appreciation. The following plot shows three values over a five-year period: 1) The value Full story available on Benzinga.com
NNPC build, commission world class health centre, mega station in Daura The NNPC in collaboration with Sahara Energy has Yesterday commissioned a world-class Healthcare Centre at Yusufu Bala Usman College in Daura. The health care centre was named after Late Barden Daura, Alhaji Leko Abdulrahman. Nigerias giants petroleum company thereafter commissioned also, the first-ever NNPC []
The Nigerian National Petroluem Corporation in partnership with Sahara Energy has commissioned a world-class Healthcare Centre at Yusufu Bala Usman College in Daura. The health care centre was named after Late Barden Daura, Alhaji Leko Abdulrahman. Nigerias giants petroleum company thereafter commissioned also, the first-ever NNPC mega station in Daura located along Maiadua/Kongolon Road GRA, [] Click to read full story
Sonic Automotive with ticker code (SAH) now have 6 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 70 and 51 calculating the average target price we see 60.33. Now with the previous closing price of 48.2 this now indicates there is a potential upside of 25.2%. The 50 day MA is 49.86 while the 200 day moving average is 46.29. The market capitalisation for the company is $1,981m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="SAH" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Sonic Automotive operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products.
HOUSTON--(BUSINESS WIRE)--Sonic Automotive Partners with Dave Ward & Friends Podcast To Raise Funds for Houston Childrens Charity
An investigation on behalf of investors in Sonic Automotive, Inc. (NYSE:SAH) shares over potential wrongdoing at Sonic Automotive, Inc. was announced. San Diego, CA -- ( SBWIRE ) -- 05/18/2021 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at Sonic Automotive, Inc. Investors who purchased shares of Sonic Automotive, Inc. (NYSE: SAH) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm concerns whether certain Sonic Automotive, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders. Charlotte, NC based Sonic Automotive, Inc. operates as an automotive retailer in the United States. On February 18, 2021, an article was published about Sonic Automotive, Inc. entitled "CEO Charged With Choking Woman Garners Board Support, Not Rebuke: Governance watchdogs say a firmer response is needed after Sonic Automotive''s David Smith was charged with assaulting a woman." The Bloomberg article reported, in relevant part, on the October 2020 arrest of Sonic Chief Executive Officer ("CEO") David Smith, who "was charged with three misdemeanor counts and one for felony assault by strangulation, a charge that can carry a sentence of as long as two years in prison." The article reported that "[b]arely 24 hours after [Smith''s] release, Sonic''s boardmore than a quarter of which is made up of Smith family members, including the CEO''s father and 93-year-old founder O.
The Nigerian National Petroleum Corporation (NNPC) has picked Oando, MRS Oil, Sahara Energy, and 13 other consortia for its one year crude-for-fuel swap contracts starting in August. The other listed consortia include major Swiss trading firms, Trafigura, Vitol and Mercuria. Other companies which qualified for the contracts, according to a list sighted by THISDAY [] The post NNPC picks Oando, MRS Oil, others for multi-million dollar crude oil-swap deal appeared first on Marketing Edge Magazine .
The Nigerian National Petroleum Corporation (NNPC) has picked 16 consortia for its new crude-for-fuel swap contracts for one year starting in August. A report yesterday by Reuters listed the consortia to include major Swiss trading firms, Trafigura, Vitol and Mercuria, oil major Total as well as large Nigerian traders, Sahara Energy, Oando and MRS Oil. [] The post NNPC picks 16 consortia crude-for-fuel swap contracts appeared first on Africa Update Newspaper .
Nigeria National Petroleum Corporation (NNPC) has picked 16 consortia for its new crude-for-fuel swap contracts for one year starting in August, sources with direct knowledge of the matter said. The list includes major Swiss trading firms Trafigura, Vitol and Mercuria, oil major Total as well as large Nigerian traders Sahara Energy, Oando and MRS Oil. The contracts, known as direct Read More The post NNPC finalises new crude-for-fuel swaps for one year -sources first appeared on Blueprint Newspapers Limited .
The Nigerian National Petroleum Corporation (NNPC) has picked 16 consortia for its new crude-for-fuel swap contracts for one year starting in August.
LONDON/LAGOS: Nigerias state oil firm NNPC has picked 16 consortia for its new crude-for-fuel swap contracts for one year starting in August, sources with direct knowledge of the matter said. The list includes major Swiss trading firms Trafigura, Vitol and Mercuria, oil major Total as well as large Nigerian traders Sahara Energy, Oando and MRS [] The post Nigerias NNPC finalises new crude-for-fuel swaps for one year Business & Finance appeared first on Info Digest Nigeria .
LSV Asset Management reduced its stake in shares of Sonic Automotive, Inc. (NYSE:SAH) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 958,728 shares of the companys stock after selling 53,900 shares during the period. LSV Asset Management owned 2.29% []
BALTIMORE--(BUSINESS WIRE)--Sonic Automotive Delivers the EchoPark Brand to the Greater Baltimore-Washington Metro Area with Acquisition of Carbiz
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Sonic Automotive, Inc. (NYSE: SAH). On October 7, 2020, news sources reported that the Company’s Chief Executive Officer, David Bruton Smith, had been arrested and charged with felony assault by strangulation and misdemeanor charges of false imprisonment, assault on a female, and in
LOS ANGELES--(BUSINESS WIRE)---- $SAH #investors--The Law Offices of Frank R. Cruz Continues Its Investigation of Sonic Automotive, Inc. (SAH) on Behalf of Investors
CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Inducted into Training Magazine Hall of Fame
LOS ANGELES--(BUSINESS WIRE)---- $SAH #SAH--INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Sonic Automotive, Inc.
NEW YORK--(BUSINESS WIRE)--Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sonic Automotive, Inc. ("Sonic" or "the Company") (NYSE: SAH). Investors who purchased Sonic securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/sah. The investigation concerns whether Sonic and certain of its officers and/or directors have violated federal securities
PHOENIX--(BUSINESS WIRE)--Sonic Automotive Expands its EchoPark Footprint with Newest Store in Phoenix, Arizona Market
DUBLIN--(BUSINESS WIRE)--The "Motor Vehicle and Parts Dealers Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering. This report provides strategists, marketers and senior management with the critical information they need to assess the global motor vehicle and parts dealers market as it emerges from the COVID-19 shut down. The global motor vehicle and parts dealers market is expected to grow from $3920.36 billion in 2020 to
SYRACUSE, N.Y.--(BUSINESS WIRE)--Sonic Automotive Expands EchoPark’s National Footprint into the Northeast with Addition of Used Car King
LOS ANGELES--(BUSINESS WIRE)---- $SAH #SAH--INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Sonic Automotive, Inc.
LOS ANGELES--(BUSINESS WIRE)---- $SAH #investors--The Law Offices of Frank R. Cruz Announces Investigation of Sonic Automotive, Inc. (SAH) on Behalf of Investors
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential breaches of fiduciary duties by management of Sonic Automotive, Inc. (NYSE: SAH) resulting from allegations that management may have issued materially misleading business information to the investing public. On October 7, 2020, The Charlotte Observer reported that Sonic’s Chief Executive Officer, David Bruton Smith, was “arrested Monday and charged with assault on a female and f
CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Reports All-Time Record Quarterly Revenues and Pre-Tax Earnings