Sonic Automotive Inc. (NYSE:SAH) traded today at a new 52-week high of $50.67. So far today approximately 99,000 shares have been exchanged, as compared to an average 30-day volume of 431,000 shares.
In the past 52 weeks, shares of Sonic Automotive Inc. have traded between a low of $9.00 and a high of $50.67 and is now at $49.82, which is 454% above that low price.
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.
Sonic Automotive Inc. (NYSE:SAH) defies analysts with a current price ($49.82) 3.9% above its average consensus price target of $47.86.
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