Sonic Automotive with ticker code (SAH) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 100 and 43 calculating the average target price we see 72.17. With the stocks previous close at 48.04 this would indicate that there is a potential upside of 50.2%. The 50 day moving average now sits at 49.67 while the 200 day moving average is 49.74. The market cap for the company is $1,902m. Company Website: https://www.sonicautomotive.com
The potential market cap would be $2,857m 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, luding 11 Northwest Motorsport pre-owned vehicle stores. Sonic Automotive was orporated in 1997 and is based in Charlotte, North Carolina.
