Sonic Automotive with ticker code (SAH) have now 6 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 100 and 40 calculating the mean target price we have 71.67. Given that the stocks previous close was at 53.45 this indicates there is a potential upside of 34.1%. The day 50 moving average is 49.77 and the 200 moving average now moves to 49.74. The market cap for the company is $2,062m. Visit the company website at: https://www.sonicautomotive.com
The potential market cap would be $2,765m based on the market concensus.
Sonic Automotive operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products. The EchoPark segment sells used cars and light trucks; and arranges finance and insurance product sales in pre-owned vehicle specialty retail locations. As of December 31, 2020, the company operated 96 new vehicle franchises representing 21 brands of cars and light trucks; 14 collision repair centers in 12 states; and 16 EchoPark stores. It also operates EchoPark.com, an online store for pre-owned vehicles. Sonic Automotive was founded in 1997 and is based in Charlotte, North Carolina.
