Sonic Automotive found using ticker (SAH) now have 7 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 90 and 40 with a mean TP of 70.71. Now with the previous closing price of 44.73 this now indicates there is a potential upside of 58.1%. There is a 50 day moving average of 48.4 while the 200 day moving average is 49.69. The market capitalisation for the company is $1,893m. Find out more information at: https://www.sonicautomotive.com
The potential market cap would be $2,993m 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.
