Sonic Automotive with ticker code (SAH) now have 7 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 90 and 40 calculating the mean target price we have 70.29. Given that the stocks previous close was at 48.35 this indicates there is a potential upside of 45.4%. There is a 50 day moving average of 48.8 and the 200 day moving average is 49.65. The company has a market capitalisation of $2,005m. Visit the company website at: https://www.sonicautomotive.com
The potential market cap would be $2,915m 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.
