Sonic Automotive Stock Forecast, Price & News

Sonic Automotive's stock was trading at $21.46 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SAH shares have increased by 123.7% and is now trading at $48.00.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonic Automotive in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Sonic Automotive stock.
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Sonic Automotive is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Sonic Automotive.

Sonic Automotive, Inc. (NYSE:SAH) announced its earnings results on Thursday, October, 29th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.14 by $0.21. The firm earned $2.55 billion during the quarter, compared to analyst estimates of $2.60 billion. Sonic Automotive had a negative net margin of 0.94% and a positive return on equity of 14.21%. Sonic Automotive's revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 earnings per share.
View Sonic Automotive's earnings history.

Sonic Automotive announced a quarterly dividend on Thursday, October 29th. Investors of record on Tuesday, December 15th will be paid a dividend of $0.10 per share on Friday, January 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, December 14th.
View Sonic Automotive's dividend history.

Sonic Automotive pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.83%. Sonic Automotive does not yet have a strock track record of dividend growth. The dividend payout ratio of Sonic Automotive is 15.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Sonic Automotive will have a dividend payout ratio of 9.66% next year. This indicates that Sonic Automotive will be able to sustain or increase its dividend.
View Sonic Automotive's dividend history.

5 analysts have issued 1 year price objectives for Sonic Automotive's stock. Their forecasts range from $39.00 to $56.00. On average, they anticipate Sonic Automotive's share price to reach $49.00 in the next twelve months. This suggests a possible upside of 2.1% from the stock's current price.
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Some companies that are related to Sonic Automotive include O'Reilly Automotive (ORLY), AutoZone (AZO), CarMax (KMX), Advance Auto Parts (AAP), Lithia Motors (LAD), AutoNation (AN), Penske Automotive Group (PAG), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), Monro (MNRO), Prospect Capital (PBY) and America's Car-Mart (CRMT).
View all of SAH's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sonic Automotive investors own include Advanced Micro Devices (AMD), Pfizer (PFE), Target (TGT), AbbVie (ABBV), NVIDIA (NVDA), QUALCOMM (QCOM), Square (SQ), UnitedHealth Group (UNH), Verizon Communications (VZ) and Abbott Laboratories (ABT).

Sonic Automotive trades on the New York Stock Exchange (NYSE) under the ticker symbol "SAH."

Sonic Automotive's stock is owned by many different institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.04%), Louisiana State Employees Retirement System (0.03%) and Wedge Capital Management L L P NC (0.01%). Company insiders that own Sonic Automotive stock include David Bruton Smith, Heath Byrd, Jeff Dyke, Marcus G Smith and Victor H Doolan.
View institutional ownership trends for Sonic Automotive.

SAH stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and Louisiana State Employees Retirement System. Company insiders that have sold Sonic Automotive company stock in the last year include David Bruton Smith, Heath Byrd, Jeff Dyke, and Victor H Doolan.
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SAH stock was acquired by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC.
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Shares of SAH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SAH stock can currently be purchased for approximately $48.00.

Sonic Automotive has a market capitalization of $2.02 billion and generates $10.45 billion in revenue each year. The company earns $144.14 million in net income (profit) each year or $2.65 on an earnings per share basis. Sonic Automotive employs 9,300 workers across the globe.

The official website for Sonic Automotive is www.sonicautomotive.com.

Sonic Automotive's mailing address is 4401 COLWICK ROAD, CHARLOTTE NC, 28211. The company can be reached via phone at 704-566-2400 or via email at [email protected]