Analysts have clear opinions on SAH.
There are 3 analysts on the Wall offering 12 month price targets for Sonic Automotive in the last 3 months. The average price target is $36.00 with a high forecast of $40.00 and a low forecast of $31.00. The average price target represents a 17.04% increase from the last price of $30.76.
Sonic Automotive, Inc. (SAH) is followed by 3 analysts on the street.
Rajat Gupta CFA from J.P. Morgan rates it a Hold with a target of $37.00.
Similarly, 2 months ago Armintas Sinkevicius of Morgan Stanley Upgraded a Hold with a target of $31.00.
The consensus on the street is Moderate Buy.
What does Sonic Automotive, Inc.(SAH) do ?
Sonic Automotive, Inc. operates as a automotive retailer. Its services include sales of both new and used cars and light trucks, sales of replacement parts and performance of vehicle maintenance, warranty, paint and repair services and arrangement of extended service contracts, financing, insurance, vehicle protection products and other aftermarket products for automotive customers. The company operates its business through the following segments: Franchised Dealerships and EchoPark. The Franchised Dealerships segment provides comprehensive services, which include sales of both new and used cars and light trucks, sales of replacement parts and performance of vehicle maintenance, manufacturer warranty repairs, and paint and collision repair services. The EchoPark segment sales used cars and light trucks. Sonic Automotive was founded by Ollen Bruton Smith and Bryan Scott Smith in January 1997 and is headquartered in Charlotte, NC.
Sonic Automotive, Inc. (SAH) Insider Trades
Multiple company employees have indulged in significant insider trading. Sonic Automotive, Inc. disclosed the following in a document filed with the US Securities and Exchange Commission (SEC):
EVP, CFO, Byrd Heath : S – Sale(-$152,810) of SAH in the trading session of 2019-11-14.
Pres Dyke Jeff : S – Sale(-$875,000) of SAH in the trading session of 2019-10-28.
Pres Dyke Jeff : S – Sale(-$750,000) of Sonic Automotive, Inc. in the trading session of 2019-09-10.
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