Sonic Automotive Inc. (NYSE: SAH) has recently enjoyed extremely important positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, and its longer term price trend turned up.
Meaningful positive changes in fundamentals have recently occurred for Sonic Automotive Inc. (NYSE: SAH): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Sonic Automotive has a slightly positive Appreciation Score of 64 and a good Power Rating of 76, resulting in the Positive Value Trend Rating.
Recent Price Action
Sonic Automotive Inc. (NYSE: SAH) stock enjoyed a large increase of 3.4% on 12/21/23. The stock closed at $56.52. However, trading volume in this advance was unusually low at 56% of normal. The stock has been strong relative to the market over the last nine months and has risen 6.0% during the last week.
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