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| 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 |
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
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
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
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
10-Q - SONIC AUTOMOTIVE INC (0001043509) (Filer)
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10-Q - SONIC AUTOMOTIVE INC (0001043509) (Filer)
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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