Sonic Automotive, Inc. (NYSE: SAH) is 1.30% higher on its value in year-to-date trading and has touched a low of $39.02 and a high of $60.24 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SAH stock was last observed hovering at around $56.19 in the last trading session, with the day’s gains setting it 0.75%.
Currently trading at $56.94, the stock is 7.59% and 7.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing 1.33% at the moment leaves the stock 11.81% off its SMA200. SAH registered 9.02% gain for a year compared to 6-month gain of 15.66%. The firm has a 50-day simple moving average (SMA 50) of $0.40 and a 200-day simple moving average (SMA200) of $10.34.
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The stock witnessed a 11.12% loss in the last 1 month and extending the period to 3 months gives it a -1.91%, and is 4.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.32% over the week and 2.97% over the month.
Sonic Automotive, Inc. (SAH) has around 10500 employees, a market worth around $1.93B and $14.37B in sales. Current P/E ratio is 11.44 and Fwd P/E is 8.74. Profit margin for the company is 1.24%. Distance from 52-week low is 45.93% and -5.48% from its 52-week high. The company has generated returns on investments over the last 12 months (5.98%).
Sonic Automotive, Inc. quarterly earnings per share for the current quarter are estimated at $1.32 with sales reaching $3.46B over the same period.The EPS is expected to shrink by -13.85% this year, but quarterly earnings will post 0.50% year-over-year. Quarterly sales are estimated to shrink -0.80% in year-over-year returns.
279 institutions hold shares in Sonic Automotive, Inc. (SAH), with institutional investors hold 111.52% of the company’s shares. The shares outstanding are 21.93M, and float is at 12.23M with Short Float at 18.97%. Institutions hold 74.09% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 2.74 million shares valued at $130.79 million. The investor’s holdings represent 11.72% of the SAH Shares outstanding. As of Jun 29, 2023, the second largest holder is Dimensional Fund Advisors LP with 1.96 million shares valued at $93.35 million to account for 8.36% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 1.67 million shares representing 7.13% and valued at over $79.61 million, while Hotchkis & Wiley Capital Management, LLC holds 3.93% of the shares totaling 0.92 million with a market value of $43.9 million.
Sonic Automotive, Inc. (SAH) Insider Activity
The most recent transaction is an insider sale by Byrd Heath, the company’s EVP and CFO. SEC filings show that Byrd Heath sold 34,186 shares of the company’s common stock on Sep 14 ’23 at a price of $54.01 per share for a total of $1.85 million. Following the sale, the insider now owns 0.17 million shares.
Sonic Automotive, Inc. disclosed in a document filed with the SEC on Sep 06 ’23 that Byrd Heath (EVP and CFO) sold a total of 3,800 shares of the company’s common stock. The trade occurred on Sep 06 ’23 and was made at $54.00 per share for $0.21 million. Following the transaction, the insider now directly holds 0.17 million shares of the SAH stock.
Still, SEC filings show that on Aug 31 ’23, Byrd Heath (EVP and CFO) disposed off 100 shares at an average price of $54.06 for $5406.0. The insider now directly holds 168,622 shares of Sonic Automotive, Inc. (SAH).
