Sonic Automotive
About: 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 18 EchoPark used-vehicle stores, 16 collision centers, and 15 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 59% of new-vehicle revenue. BMW is the largest brand at about 25%. 2024's revenue was $14.2 billion, with Texas and California comprising 51% of the total. EchoPark's portion was $2.1 billion.
Employees: 10,800
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
321% more call options, than puts
Call options by funds: $1.34M | Put options by funds: $317K
5% more capital invested
Capital invested by funds: $906M [Q3] → $954M (+$48M) [Q4]
4% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 23
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
1% less funds holding
Funds holding: 188 [Q3] → 187 (-1) [Q4]
3.23% less ownership
Funds ownership: 71.13% [Q3] → 67.9% (-3.23%) [Q4]
26% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 77
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
JP Morgan Rajat Gupta 54% 1-year accuracy 25 / 46 met price target | 8%upside $65 | Overweight Maintained | 27 Mar 2025 |
Needham Chris Pierce 21% 1-year accuracy 15 / 73 met price target | 55%upside $93 | Buy Maintained | 19 Mar 2025 |
Stephens & Co. Jeff Lick 27% 1-year accuracy 3 / 11 met price target | 54%upside $92 | Overweight Maintained | 13 Feb 2025 |
Financial journalist opinion
