Sonic Automotive Inc. (NYSE: SAH) has reported E.P.S. of $1.24 for its first fiscal quarter (ending March 31) versus $1.33 for the same period a year ago. E.P.S. were $5.00 for the latest four quarters through March 31 versus $0.79 for the same period a year ago.
Recent Price Action
Sonic Automotive Inc. (NYSE: SAH) stock enjoyed a major increase of 10.9% on 4/25/24. The shares closed at $56.67. Moreover, exceptionally high trading volume at 270% of normal accompanied the advance. The stock has risen 16.6% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
SAH is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Sonic Automotive has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Sonic Automotive has a slightly positive Appreciation Score of 61 and a neutral Power Rating of 41, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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