Sonic Automotive, Inc. (NYSE:SAH) EVP Jeff Dyke sold 8,551 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $20.10, for a total value of $171,875.10. Following the sale, the executive vice president now directly owns 1,262,056 shares of the company’s stock, valued at approximately $25,367,325.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Sonic Automotive, Inc. (SAH) opened at $19.80 on Monday. Sonic Automotive, Inc. has a 1-year low of $15.95 and a 1-year high of $27.45. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $855.26, a P/E ratio of 11.72, a PEG ratio of 3.63 and a beta of 1.54.
Sonic Automotive (NYSE:SAH) last issued its earnings results on Tuesday, October 24th. The company reported $0.40 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.40. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.54 billion. Sonic Automotive had a return on equity of 10.47% and a net margin of 0.70%. Sonic Automotive’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 EPS. research analysts forecast that Sonic Automotive, Inc. will post 1.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Thursday, December 14th. Sonic Automotive’s payout ratio is 13.07%.
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A number of large investors have recently made changes to their positions in the stock. Arizona State Retirement System grew its stake in Sonic Automotive by 1.5% during the 1st quarter. Arizona State Retirement System now owns 13,705 shares of the company’s stock valued at $275,000 after purchasing an additional 200 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Sonic Automotive by 1.2% in the second quarter. Texas Permanent School Fund now owns 19,253 shares of the company’s stock worth $374,000 after buying an additional 223 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Sonic Automotive by 1.4% in the second quarter. Capstone Asset Management Co. now owns 16,133 shares of the company’s stock worth $314,000 after buying an additional 230 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Sonic Automotive by 4.8% in the first quarter. Public Employees Retirement System of Ohio now owns 8,891 shares of the company’s stock worth $178,000 after buying an additional 410 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Sonic Automotive by 5.1% in the first quarter. Thrivent Financial For Lutherans now owns 14,960 shares of the company’s stock worth $300,000 after buying an additional 720 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors.
SAH has been the subject of a number of recent analyst reports. Bank of America Corporation downgraded Sonic Automotive from a “neutral” rating to an “underperform” rating in a report on Thursday, October 19th. Zacks Investment Research raised Sonic Automotive from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. BidaskClub cut Sonic Automotive from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. KeyCorp reissued a “hold” rating on shares of Sonic Automotive in a research report on Friday, September 1st. Finally, ValuEngine cut Sonic Automotive from a “buy” rating to a “hold” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Sonic Automotive has a consensus rating of “Hold” and a consensus price target of $23.67.
About Sonic Automotive
Sonic Automotive, Inc is an automotive retailer in the United States. The Company’s operating segments include Franchised Dealerships and EchoPark. Its Franchised Dealerships segment consists of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle repair and maintenance services, and arrange finance and insurance products.
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