Sonic Automotive Stock News

Sonic Automotive Inc (NYSE: SAH) has acquired Sun Chevrolet in Chittenango, New York, for an undisclosed sum. Joe Caputo founded the dealership in 1979.

Per its preliminary forecast, Cox Automotive envisions U.S. used vehicle sales to total 39.3 million for 2021, including 22.1 million retail purchases.

With used car prices seemingly destined to move higher due to myriad headwinds, SAH stock could be one of 2022's best stocks to buy. The post Best Stocks for 2022: 3 Reasons Why Sonic Automotive Could

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BATON ROUGE, La.--(BUSINESS WIRE)--Sonic Automotive Continues EchoPark Expansion with Opening of Newest Location in Baton Rouge, Louisiana

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Announces Completion of RFJ Auto Partners Acquisition

Parametric Portfolio Associates LLC lifted its position in Sonic Automotive, Inc. (NYSE:SAH) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,039 shares of the companys stock after acquiring an additional 6,016 shares during the period. Parametric Portfolio Associates LLC []

Sonic Automotive, Inc. (NYSE:SAH)s stock price shot up 2.9% during trading on Friday . The company traded as high as $47.83 and last traded at $47.59. 14,192 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 314,707 shares. The stock had previously closed at $46.25. A number of []

Brokerages forecast that Sonic Automotive, Inc. (NYSE:SAH) will announce earnings of $1.88 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Sonic Automotive’s earnings. The lowest EPS estimate is $1.69 and the highest is $2.16. Sonic Automotive posted earnings per share of $1.50 during the same quarter last year, […]

AUGUSTA, Ga.--(BUSINESS WIRE)--Sonic Automotive Continues EchoPark Expansion with Opening of Newest Location in Augusta, Georgia

Morgan Stanley raised its position in shares of Sonic Automotive, Inc. (NYSE:SAH) by 63.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,695 shares of the companys stock after purchasing an additional 92,316 shares during the period. []

Morgan Stanley cut shares of Sonic Automotive (NYSE:SAH) from an equal weight rating to an underweight rating in a report published on Wednesday morning, Analyst Price Targets reports. They currently have $40.00 price objective on the stock. Separately, Zacks Investment Research downgraded shares of Sonic Automotive from a buy rating to a hold rating and []

Walleye Capital LLC purchased a new stake in Sonic Automotive, Inc. (NYSE:SAH) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,660 shares of the companys stock, valued at approximately $208,000. A number of other hedge funds also recently bought and sold []

Goldman Sachs Group Inc. lessened its stake in Sonic Automotive, Inc. (NYSE:SAH) by 34.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 154,359 shares of the companys stock after selling 82,749 shares during the period. Goldman Sachs Group Inc.s holdings in Sonic Automotive were worth $6,906,000 as of its most recent filing with []