Sonic Automotive (NYSE:SAH – Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Wednesday, February 14th. Analysts expect Sonic Automotive to post earnings of $1.79 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Sonic Automotive Stock Up 3.3 %
NYSE:SAH opened at $52.31 on Wednesday. Sonic Automotive has a 12-month low of $39.02 and a 12-month high of $62.26. The company has a quick ratio of 0.40, a current ratio of 1.12 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $1.77 billion, a P/E ratio of -38.46 and a beta of 1.83. The stock’s fifty day simple moving average is $53.15 and its 200-day simple moving average is $50.93.
Institutional Trading of Sonic Automotive
A number of large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Sonic Automotive by 2.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,976 shares of the company’s stock worth $651,000 after purchasing an additional 248 shares in the last quarter. FMR LLC increased its stake in Sonic Automotive by 0.9% in the 1st quarter. FMR LLC now owns 29,209 shares of the company’s stock valued at $1,587,000 after buying an additional 258 shares during the last quarter. Captrust Financial Advisors increased its stake in Sonic Automotive by 5.2% in the 2nd quarter. Captrust Financial Advisors now owns 5,720 shares of the company’s stock valued at $211,000 after buying an additional 281 shares during the last quarter. Royal Bank of Canada increased its stake in Sonic Automotive by 2.9% in the 3rd quarter. Royal Bank of Canada now owns 10,486 shares of the company’s stock valued at $501,000 after buying an additional 296 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in Sonic Automotive by 5.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 6,014 shares of the company’s stock valued at $286,000 after buying an additional 324 shares during the last quarter. 48.58% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
About Sonic Automotive
Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in three segments, Franchised Dealerships, EchoPark, and Powersports. 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.
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