SAH Stock Summary and Trading Ideas (Sonic Automotive | NYSE:SAH)

Sonic Automotive is one of the largest auto dealership groups in the United States. The company has 108 franchised stores in 18 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 25 EchoPark used-vehicle stores, 16 collision centers, and 13 powersports locations. The franchise stores derive revenue from new and used vehicles plus parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 86% of franchise new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute about 58% of new-vehicle revenue. BMW is the largest brand at about 25%. 2023's revenue was $14.4 billion, with EchoPark's portion totaling $2.4 billion. Sonic bought RFJ Auto in December 2021, which added $3.2 billion in sales.

Sonic Automotive trades on the NYSE stock market under the symbol SAH.

As of April 24, 2024, SAH stock price climbed to $51.12 with 176,195 million shares trading.

SAH has a beta of 0.69, meaning it tends to be less sensitive to market movements. SAH has a correlation of 0.05 to the broad based SPY ETF.

SAH has a market cap of $1.74 billion. This is considered a Small Cap stock.

Last quarter Sonic Automotive reported $4 billion in Revenue and $1.63 earnings per share. This fell short of revenue expectation by $-35 million and missed earnings estimates by -$.24.

In the last 3 years, SAH stock traded as high as $62.26 and as low as $34.17.

The top ETF exchange traded funds that SAH belongs to (by Net Assets): IJR, VTI, VB, IWM, RWJ.

SAH has underperformed the market in the last year with a return of -1.1%, while the SPY ETF gained +24.1%. In the last 3 month period, SAH fell short of the market, returning +2.0%, while SPY returned +4.5%. However, in the most recent 2 weeks SAH has outperformed the stock market by returning +0.2%, while SPY returned -1.7%.

SAH support price is $49.83 and resistance is $51.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SAH stock will trade within this expected range on the day.