Sonic Automotive shares are trading lower after the company reported a cybersecurity incident impacting its dealer management and CRM systems. The company said the incident is likely to adversely impact Q2 2024 earnings due to slower vehicle sales.

7/5/24 4:06:32 PM ET

Retail-Auto Dealers and Gas Stations

Consumer Discretionary

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Recent Analyst Ratings for
$SAH

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

More analyst ratings

$SAH
Financials

Live finance-specific insights

Sonic Automotive Reports Third Quarter 2024 Financial Results
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
10/24/24 6:45:00 AM ET
$SAH
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
Sonic Automotive Schedules Release of Third Quarter 2024 Financial Results
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
10/3/24 6:45:00 AM ET
$SAH
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
Sonic Automotive Reports Second Quarter 2024 Financial Results
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
8/5/24 6:45:00 AM ET
$SAH
Retail-Auto Dealers and Gas Stations
Consumer Discretionary

$SAH
Leadership Updates

Live Leadership Updates

Sonic Automotive Announces Retirement of Rachel Richards and Promotion of Dino Bernacchi to Chief Marketing Officer
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
4/30/24 6:55:00 AM ET
$SAH
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
Sonic Automotive Names Stephen Carvelli as Chief Technology Officer
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
3/22/22 6:55:00 AM ET
$SAH
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
Sonic Automotive Names Industry Veteran as Chief Marketing Officer for EchoPark Automotive
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
10/4/21 6:55:00 AM ET
$SAH
Retail-Auto Dealers and Gas Stations
Consumer Discretionary

$SAH
Market Insights

Live Market Insights

Forecasting The Future: 4 Analyst Projections For Sonic Automotive
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%
7/22/24 3:00:38 PM ET
$SAH
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
B of A Securities Maintains Buy on Sonic Automotive, Lowers Price Target to $67
B of A Securities analyst John Murphy maintains Sonic Automotive (NYSE:SAH) with a Buy and lowers the price target from $68 to $67.
7/22/24 1:17:24 PM ET
$SAH
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
Greenbrier, Fortress Biotech And 3 Stocks To Watch Heading Into Monday
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
7/8/24 3:10:02 AM ET
$FBIO
$GBX
$NWGL
$SAH
Biotechnology: Pharmaceutical Preparations
Health Care
Railroads
Industrials

Sonic Automotive Reports Third Quarter 2024 Financial Results
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
10/24/24 6:45:00 AM ET
$SAH
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
$2 Million Hurricane Relief Donation Made by Four Leading North Carolina Companies
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
10/7/24 2:00:00 PM ET
$SAH
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
Sonic Automotive Schedules Release of Third Quarter 2024 Financial Results
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
10/3/24 6:45:00 AM ET
$SAH
Retail-Auto Dealers and Gas Stations
Consumer Discretionary

Sonic Automotive shares are trading lower after the company reported a cybersecurity incident impacting its dealer management and CRM systems. The company said the incident is likely to adversely impact Q2 2024 earnings due to slower vehicle sales.

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Recent Analyst Ratings for $SAH

$SAH Financials

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Sonic Automotive Reports Third Quarter 2024 Financial Results

Sonic Automotive Schedules Release of Third Quarter 2024 Financial Results

Sonic Automotive Reports Second Quarter 2024 Financial Results

$SAH Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

EVP and CFO Byrd Heath gifted 2,597 shares, decreasing direct ownership by 1% to 171,021 units (SEC Form 4)

EVP and CFO Byrd Heath sold $1,189,620 worth of shares (19,827 units at $60.00), decreasing direct ownership by 10% to 173,618 units (SEC Form 4)

EVP and CFO Byrd Heath sold $148,812 worth of shares (2,480 units at $60.00), decreasing direct ownership by 1% to 193,445 units (SEC Form 4)

$SAH Leadership Updates

Live Leadership Updates

Sonic Automotive Announces Retirement of Rachel Richards and Promotion of Dino Bernacchi to Chief Marketing Officer

Sonic Automotive Names Stephen Carvelli as Chief Technology Officer

Sonic Automotive Names Industry Veteran as Chief Marketing Officer for EchoPark Automotive

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Sonic Automotive upgraded by Morgan Stanley with a new price target

Stephens initiated coverage on Sonic Automotive with a new price target

Needham initiated coverage on Sonic Automotive with a new price target

$SAH SEC Filings

SEC Form 10-Q filed by Sonic Automotive Inc.

Sonic Automotive Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by Sonic Automotive Inc.

$SAH Market Insights

Live Market Insights

Forecasting The Future: 4 Analyst Projections For Sonic Automotive

B of A Securities Maintains Buy on Sonic Automotive, Lowers Price Target to $67

Greenbrier, Fortress Biotech And 3 Stocks To Watch Heading Into Monday

$SAH Large Ownership Changes

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SEC Form SC 13G/A filed by Sonic Automotive Inc. (Amendment)

SEC Form SC 13G/A filed by Sonic Automotive Inc. (Amendment)

SEC Form SC 13G/A filed by Sonic Automotive Inc. (Amendment)

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Sonic Automotive Reports Third Quarter 2024 Financial Results

$2 Million Hurricane Relief Donation Made by Four Leading North Carolina Companies

Sonic Automotive Schedules Release of Third Quarter 2024 Financial Results

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