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Bank of America (Merrill Lynch) downgraded Sonic Automotive (NYSE:SAH) from Neutral to Underperform in a statement released earlier today.

Just yesterday Sonic Automotive (NYSE:SAH) traded -7.26% lower at $18.90. SAH’s 50-day average is $19.58 and its two hundred day average is $18.86. The last closing price is up 1.54% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 134,074 shares of the stock were exchanged, down from an avg. volume of 272,443

Bank of America (Merrill Lynch) has downgraded Sonic Automotive (NYSE:SAH) from Neutral to Underperform in a statement released on 10/19/2017.

Previously on 6/16/2017, Jefferies & Co released a statement about Sonic Automotive (NYSE:SAH) raised the target price from $0.00 to $22.00. At the time, this indicated a possible upside of 0.23%.

Performance Chart

Sonic Automotive (NYSE:SAH)

Sonic Automotive has a 52 week low of $15.95 and a 52 week high of $27.45 with a P/E ratio of 12.89 The company’s market cap is currently $0.

A total of 7 brokerages have issued a ratings update on Sonic Automotive. Two analysts rating the company a strong buy, two analysts rating the company a buy, 5 brokers rating the stock a hold, 1 equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a consensus target price of $23.57.

About Sonic Automotive (NYSE:SAH)

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. The EchoPark segment consists of standalone specialty retail locations that provide customers an opportunity to search, buy, service, finance and sell pre-owned vehicles. Its franchised dealerships provide services, including sales of both new and used cars, and light trucks; sales of replacement parts and performance of vehicle maintenance, manufacturer warranty repairs, and paint and collision repair services (collectively, Fixed Operations), and arrangement of extended warranties, service contracts, financing, insurance and other aftermarket products (collectively, F&I) for its customers.

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