Sonic Automotive Inc. (NYSE: SAH) stock enjoyed a major increase of 10.6% on 11/6/24. The shares closed at $64.66. Moreover, trading volume in this advance was exceptionally high at 236% of normal. The stock has risen 9.9% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SAH’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Sonic Automotive has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Sonic Automotive has a neutral Appreciation Score of 57 and a slightly positive Power Rating of 62, and the High Neutral Value Trend Rating results.
Rating Review
In light of this 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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