Shares of Sonic Automotive Inc. (NYSE:SAH) traded at a new 52-week high today of $59.19. So far today approximately 190,000 shares have been exchanged, as compared to an average 30-day volume of 484,000 shares.
Sonic Automotive is one of the largest auto dealership groups in the United States. The company has 111 franchised stores in 18 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 50 EchoPark and Northwest Motorsport brand 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 88% of new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute about 60% of new-vehicle revenue. BMW is the largest brand at over 26%. 2021’s revenue was $12.4 billion, with EchoPark’s portion totaling $2.3 billion. Sonic bought RFJ Auto in December 2021, which added $3.2 billion in sales.
Sonic Automotive Inc. (NYSE:SAH) is currently priced 7.7% above its average consensus analyst price target of $53.26.
In the past 52 weeks, shares of Sonic Automotive Inc. have traded between a low of $34.17 and a high of $59.19 and is now at $57.67, which is 69% above that low price.
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