Sonic Automotive, Inc. 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. The EchoPark segment sells used cars and light trucks; and arranges finance and insurance product sales in pre-owned vehicle specialty retail locations. As of December 31, 2020, the company operated 96 new vehicle franchises representing 21 brands of cars and light trucks; 14 collision repair centers in 12 states; and 16 EchoPark stores. Sonic Automotive, Inc. was founded in 1997 and is based in Charlotte, North Carolina.
IPO Year: 1997
Exchange: NYSE
Website: sonicautomotive.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/25/2024 | $40.00 → $58.00 | Underweight → Equal-Weight | Morgan Stanley |
| 9/12/2024 | $64.00 | Equal-Weight | Stephens |
| 8/20/2024 | $73.00 | Buy | Needham |
| 8/6/2024 | $58.00 → $63.00 | Neutral → Overweight | JP Morgan |
| 6/10/2024 | $53.00 → $58.00 | Underweight → Neutral | JP Morgan |
| 4/26/2024 | $55.00 → $68.00 | Underperform → Buy | BofA Securities |
| 10/31/2023 | $50.00 | Neutral → Underweight | JP Morgan |
| 2/21/2023 | $60.00 → $55.00 | Overweight → Neutral | JP Morgan |
| 10/6/2022 | $60.00 | Neutral → Overweight | JP Morgan |
| 9/9/2022 | Buy → Underperform | BofA Securities |
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 - SONIC AUTOMOTIVE INC (0001043509) (Issuer)
4 analysts have expressed a variety of opinions on Sonic Automotive (NYSE:SAH) over the past quarter, offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 1 1 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 1 0 0 1 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $61.5, a high estimate of $68.00, and a low estimate of $53.00. Marking an increase of 9.82%
B of A Securities analyst John Murphy maintains Sonic Automotive (NYSE:SAH) with a Buy and lowers the price target from $68 to $67.
With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects The Greenbrier Companies, Inc. (NYSE:GBX) to report quarterly earnings at $1.14 per share on revenue of $928.73 million before the opening bell. Greenbrier shares gained 0.72% to $48.91 in the after-hours trading session. Nature Wood Group Limited (NASDAQ:NWGL) said Jianjun Zeng is stepping down as CEO due to health reasons. The company named Hubei Song as its new CEO. Nature Wood Group shares gained 2% to $2.03 in after-hours trading. Fortress Biotech, Inc. (NASDAQ:FBIO) reported a pause in the payment of dividends on its 9.375% Se
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JP Morgan analyst Rajat Gupta upgrades Sonic Automotive (NYSE:SAH) from Underweight to Neutral and raises the price target from $53 to $58.
JP Morgan analyst Rajat Gupta maintains Sonic Automotive (NYSE:SAH) with a Underweight and raises the price target from $48 to $53.
U.S. stocks were higher, with the Dow Jones jumping over 150 points on Friday. Shares of Skechers U.S.A., Inc. (NYSE:SKX) rose sharply during Friday's session after the company reported better-than-expected first-quarter FY24 earnings. Skechers reported first-quarter FY24 sales growth of 12.5% year-on-year to $2.251 billion, beating the analyst consensus estimate of $2.204 billion. EPS of $1.33 beat the analyst consensus of $1.10, according to data from Benzinga Pro. Skechers raised FY24 sales outlook from $8.60 billion-$8.80 billion to $8.725 billion-$8.875 billion, against an estimate of $8.781 billion. The company also raised FY24 EPS outlook from $3.65-$3.85 to $3.95-4.10 versus
Morgan Stanley upgraded Sonic Automotive from Underweight to Equal-Weight and set a new price target of $58.00 from $40.00 previously
Stephens initiated coverage of Sonic Automotive with a rating of Equal-Weight and set a new price target of $64.00
Needham initiated coverage of Sonic Automotive with a rating of Buy and set a new price target of $73.00
JP Morgan upgraded Sonic Automotive from Neutral to Overweight and set a new price target of $63.00 from $58.00 previously
JP Morgan upgraded Sonic Automotive from Underweight to Neutral and set a new price target of $58.00 from $53.00 previously
BofA Securities upgraded Sonic Automotive from Underperform to Buy and set a new price target of $68.00 from $55.00 previously
JP Morgan downgraded Sonic Automotive from Neutral to Underweight and set a new price target of $50.00
JP Morgan downgraded Sonic Automotive from Overweight to Neutral and set a new price target of $55.00 from $60.00 previously
JP Morgan upgraded Sonic Automotive from Neutral to Overweight and set a new price target of $60.00
BofA Securities downgraded Sonic Automotive from Buy to Underperform
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EchoPark Reports All-Time Record Quarterly Gross Profit, Segment Income, and Adjusted EBITDA* Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we" "us" or "our") ((SAH), one of the nation's largest automotive retailers, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Summary Total revenues of $3.5 billion, down 4% year-over-year; total gross profit of $543.6 million, down 7% year-over-year Reported net income of $74.2 million, up 8% year-over-year ($2.13 earnings per diluted share, up 11% year-over-year) Reported net income includes the pre-tax effects of $1.8 million in excess compensation expense pai
Hendrick Automotive Group, Hendrick Motorsports, Sonic Automotive and Speedway Motorsports Encourage Others to Give As the devastation wrought by Hurricane Helene grows clearer by the day, four of North Carolina's leading companies have pledged a combined $2 million donation to Samaritan's Purse in support of relief efforts in western North Carolina and throughout the Southeast. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241007140826/en/Statement by CEOs Rick Hendrick of Hendrick Automotive Group and Hendrick Motorsports, David B. Smith of Sonic Automotive and Marcus Smith of Speedway Motorsports. (Photo: Business Wire) Hend
Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2024 third quarter financial results on Thursday, October 24, 2024 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the Company's website at ir.sonicautomotive.com. To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. To dial in to the conference cal
Top Publicly Held Dealer Group Renews DMS Contract with Dealership Xperience Modern Retail Suite CDK, the leading automotive retail software provider, today announced the extension of its agreement with Sonic Automotive, Inc. (NYSE:SAH), one of the nation's largest automotive and powersports retailers, to provide its dealerships with the CDK Dealer Management System (DMS) and its Dealership Xperience Modern Retail Suite, a set of powerful software tools that connects the consumer-to-dealer buying journey into a single, unified transaction for a more satisfying experience. By continuing this partnership with CDK, Sonic Automotive dealerships can leverage CDK artificial intelligence (AI) fe
EchoPark Reported Record Second Quarter Adjusted EBITDA* The CDK Global Software Outage Is Estimated To Have Reduced Second Quarter GAAP Income Before Taxes By Approximately $30.0 Million, Or $0.64 In GAAP Diluted Earnings Per Share Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we" "us" or "our") ((SAH), one of the nation's largest automotive retailers, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Summary Total revenues of $3.5 billion, down 5% year-over-year; total gross profit of $539.1 million, down 5% year-over-year Reported net income of $41.2 million, up 76% year-over-year ($1.18 earnings
Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2024 second quarter financial results on Monday, August 5, 2024 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 10:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the Company's website at ir.sonicautomotive.com. To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. To dial in to the conference cal
Rachel Richards Retires After a Distinguished 40-Year Career in the Automotive Industry Sonic Automotive, Inc. ("Sonic'' or the "Company") ((SAH), a Fortune 500 Company and one of the nation's largest automotive and powersports retailers, today announced the retirement of Rachel Richards as the company's Chief Marketing Officer (CMO). Dino Bernacchi will be promoted to Chief Marketing Officer of the company effective May 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430693488/en/Rachel Richards, Sonic Automotive, Inc. (Photo: Business Wire) Rachel Richards joined Sonic Automotive in 2006 as the company's Vice Pres
EchoPark Segment Achieved All-Time Record Quarterly Adjusted EBITDA* in the First Quarter of 2024, Exceeding Previously Stated Target of Breakeven Adjusted EBITDA* in the First Quarter Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we," "us" or "our") ((SAH), one of the nation's largest automotive retailers, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Summary Total revenues of $3.4 billion, down 3% year-over-year; total gross profit of $536.2 million, down 3% year-over-year Reported net income of $42.0 million, down 12% year-over-year ($1.20 earnings per diluted share, down 7% year-over-year) Rep
Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2024 first quarter financial results on Thursday, April 25, 2024 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the Company's website at ir.sonicautomotive.com. To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. To dial in to the conference ca
Full Year 2023 Results Include All-Time Record Annual Revenues of $14.4 Billion EchoPark Segment Expected to Achieve Breakeven Adjusted EBITDA* in the First Quarter of 2024 Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we," "us" or "our") ((SAH), one of the nation's largest automotive retailers, today reported financial results for the fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter 2023 Financial Summary Total revenues of $3.6 billion, flat year-over-year; total gross profit of $541.1 million, down 6% year-over-year Reported net income of $38.7 million ($1.11 earnings per diluted share) Reported fourth quarter net income includes
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EchoPark Reports All-Time Record Quarterly Gross Profit, Segment Income, and Adjusted EBITDA* Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we" "us" or "our") ((SAH), one of the nation's largest automotive retailers, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Summary Total revenues of $3.5 billion, down 4% year-over-year; total gross profit of $543.6 million, down 7% year-over-year Reported net income of $74.2 million, up 8% year-over-year ($2.13 earnings per diluted share, up 11% year-over-year) Reported net income includes the pre-tax effects of $1.8 million in excess compensation expense pai
Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2024 third quarter financial results on Thursday, October 24, 2024 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the Company's website at ir.sonicautomotive.com. To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. To dial in to the conference cal
EchoPark Reported Record Second Quarter Adjusted EBITDA* The CDK Global Software Outage Is Estimated To Have Reduced Second Quarter GAAP Income Before Taxes By Approximately $30.0 Million, Or $0.64 In GAAP Diluted Earnings Per Share Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we" "us" or "our") ((SAH), one of the nation's largest automotive retailers, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Summary Total revenues of $3.5 billion, down 5% year-over-year; total gross profit of $539.1 million, down 5% year-over-year Reported net income of $41.2 million, up 76% year-over-year ($1.18 earnings
Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2024 second quarter financial results on Monday, August 5, 2024 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 10:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the Company's website at ir.sonicautomotive.com. To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. To dial in to the conference cal
EchoPark Segment Achieved All-Time Record Quarterly Adjusted EBITDA* in the First Quarter of 2024, Exceeding Previously Stated Target of Breakeven Adjusted EBITDA* in the First Quarter Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we," "us" or "our") ((SAH), one of the nation's largest automotive retailers, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Summary Total revenues of $3.4 billion, down 3% year-over-year; total gross profit of $536.2 million, down 3% year-over-year Reported net income of $42.0 million, down 12% year-over-year ($1.20 earnings per diluted share, down 7% year-over-year) Rep
Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2024 first quarter financial results on Thursday, April 25, 2024 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the Company's website at ir.sonicautomotive.com. To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. To dial in to the conference ca
Full Year 2023 Results Include All-Time Record Annual Revenues of $14.4 Billion EchoPark Segment Expected to Achieve Breakeven Adjusted EBITDA* in the First Quarter of 2024 Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we," "us" or "our") ((SAH), one of the nation's largest automotive retailers, today reported financial results for the fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter 2023 Financial Summary Total revenues of $3.6 billion, flat year-over-year; total gross profit of $541.1 million, down 6% year-over-year Reported net income of $38.7 million ($1.11 earnings per diluted share) Reported fourth quarter net income includes
Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2023 fourth quarter and full year financial results on Wednesday, February 14, 2024 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the Company's website at ir.sonicautomotive.com. To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. To dial in t
Strategic Adjustments to EchoPark Business Drove Improvements in EchoPark Segment Unit Sales Volume and Profitability in the Third Quarter Repurchased 1.7 Million Shares of Class A Common Stock During the Third Quarter Sonic Automotive, Inc. ("Sonic Automotive," "Sonic," the "Company," "we," "us" or "our") ((SAH), one of the nation's largest automotive retailers, today reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Summary Record third quarter revenues of $3.6 billion, up 6% year-over-year; gross profit of $582.2 million, flat year-over-year Reported third quarter net income of $68.4 million, down 22% year-over-year ($1.92
Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), one of the nation's largest automotive retailers, today announced it will release fiscal 2023 third quarter financial results on Thursday, October 26, 2023 by 7:00 A.M. (Eastern). Senior management will hold a conference call later that morning at 11:00 A.M. (Eastern). Investor presentation and earnings press release materials will be accessible beginning the morning of the conference call on the Company's website at ir.sonicautomotive.com. To access the live webcast of the conference call, please go to ir.sonicautomotive.com and select the webcast link at the top of the page. To dial in to the conference
Rachel Richards Retires After a Distinguished 40-Year Career in the Automotive Industry Sonic Automotive, Inc. ("Sonic'' or the "Company") ((SAH), a Fortune 500 Company and one of the nation's largest automotive and powersports retailers, today announced the retirement of Rachel Richards as the company's Chief Marketing Officer (CMO). Dino Bernacchi will be promoted to Chief Marketing Officer of the company effective May 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430693488/en/Rachel Richards, Sonic Automotive, Inc. (Photo: Business Wire) Rachel Richards joined Sonic Automotive in 2006 as the company's Vice Pres
Carvelli Appointed as First CTO of Sonic Automotive and EchoPark Automotive Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), a Fortune 500 company and one of the nation's largest automotive retailers, today announced the appointment of Stephen Carvelli as Chief Technology Officer of Sonic Automotive and EchoPark Automotive, a subsidiary of Sonic Automotive. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220322005129/en/Stephen Carvelli CTO, Sonic Automotive (Photo: Business Wire) Carvelli joins the company after most recently serving as the Vice President of Software Development Engineering for Com
Dino Bernacchi Appointed as First CMO of EchoPark Automotive as Nationwide Expansion Continues Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), a Fortune 500 company and one of the nation's largest automotive retailers, today announced the appointment of Dino Bernacchi as Chief Marketing Officer of EchoPark Automotive, the Company's growing nationwide pre-owned vehicle segment, effective October 4, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211004005256/en/Dino Bernacchi (Photo: Business Wire) Bernacchi joins EchoPark Automotive after most recently serving as the Senior Vice President of
Thien Truong Appointed as the First CRO for EchoPark Automotive Sonic Automotive, Inc. ("Sonic Automotive" or "Sonic" or the "Company") ((SAH), a Fortune 500 company and one of the nation's largest automotive retailers, today announced the appointment of Thien Truong as Chief Revenue Officer of EchoPark Automotive, the Company's growing nationwide pre-owned vehicle segment, effective October 4, 2021. Truong is a fintech industry veteran with over 25 years of leadership and managerial experience building transformative products and solutions for companies including Coinstar and American Express. Truong joins Sonic's pre-owned vehicle segment from Brightloom, where he served as the company'