Sonic Automotive Inc (NYSE:SAH) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 13, 2016
Zacks Investment Research has downgraded Sonic Automotive Inc (NYSE:SAH) to Sell in a statement released on 10/13/2016.
Having a price of $18.78, Sonic Automotive Inc (NYSE:SAH) traded -1.78% lower on the day. With the last close up 6.76% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. SAH has recorded a 50-day average of $17.92 and a two hundred day average of $17.62. Trade Volume was down over the average, with 141,074 shares of SAH changing hands under the typical 305,232
Recent Performance Chart
Sonic Automotive Inc has PE ratio of 9.57 with a one year low of $15.68 and a one year high of $25.77 and has a market capitalization of $0.
A total of 7 analysts have released a report on Sonic Automotive Inc. Two analysts rating the company a strong buy, two analysts rating the company a buy, five analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $23.57.
General Company Details For Sonic Automotive Inc (NYSE:SAH)
Sonic Automotive, Inc. is an automotive retailer in the United States. The Company's operating segments include Franchised Dealerships and EchoPark. The Company's Franchised Dealerships segment consists of traditional retail automotive franchises that sell new and used vehicles, replacement parts and vehicle repair and maintenance services, and finance and insurance products. The EchoPark segment consists of standalone pre-owned specialty retail locations that provide customers an opportunity to search, buy, service and sell their pre-owned vehicles. The Company's dealerships provide services, including sales of both new and used cars, and light trucks; sales of replacement parts; performance of vehicle maintenance; manufacturer warranty repairs; paint and collision repair services, and arrangement of extended warranties, service contracts, financing, insurance and other aftermarket products for its customers. The Company's specialty retail locations operate under the EchoPark brand.
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