Sonic Automotive Inc. (NYSE:SAH) traded at a new 52-week high today of $55.43. So far today approximately 113,000 shares have been exchanged, as compared to an average 30-day volume of 430,000 shares.
Sonic Automotive is the fourth- largest public auto dealership group in the United States by new-vehicle sales. The company has 84 franchised stores in 12 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 12 EchoPark used-vehicle stores. In addition to new- and used-vehicle sales, the company derives revenue from parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 90% of new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute over 60% of new-vehicle revenue. 2019’s revenue was $10.5 billion, with EchoPark’s portion totaling $1.2 billion.
Based on a current price of $53.22, Sonic Automotive Inc. is currently 0.4% above its average consensus analyst price target of $53.02.
Sonic Automotive Inc. share prices have moved between a 52-week high of $55.43 and a 52-week low of $9.00 and are now trading 491% above that low price at $53.22 per share.
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