Sonic Automotive with ticker code (SAH) have now 6 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 82 and 33 calculating the mean target price we have 61.33. With the stocks previous close at 43.83 this now indicates there is a potential upside of 39.9%. The 50 day moving average now sits at 40.13 and the 200 day MA is 45.99. The company has a market capitalisation of $1,736m. Company Website: https://www.sonicautomotive.com
The potential market cap would be $2,429m 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 for its guests. The EchoPark segment sells used cars and light trucks; and arranges finance and insurance product sales for its guests in pre-owned vehicle specialty retail locations. As of December 31, 2021, the company operated 140 new vehicle franchises representing 28 brands of cars and light trucks; 17 collision repair centers in 17 states; and 46 EchoPark stores in 16 states, including 11 Northwest Motorsport pre-owned vehicle stores. Sonic Automotive was incorporated in 1997 and is based in Charlotte, North Carolina.
