Sonic Automotive (SAH)

• Market cap: $2.31B
• 1 day: -5.14%
• 5 days: -7.57%
• 1 month: -2.13%
• 3 months: 8.53%
• 6 months: 12.53%
• Year to date: 10.01%
• 1 year: 33.31%
• 5 years: 144.09%
• 10 years: 164.21%
• Sector: Consumer Discretionary
• Industry: Auto Dealers & Gasoline Stations

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 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.

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

4% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 23

4% more capital invested

Capital invested by funds: $906M [Q3] → $944M (+$38.1M) [Q4]

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] → 186 (-2) [Q4]

3.93% less ownership

Funds ownership: 71.13% [Q3] → 67.2% (-3.93%) [Q4]

29% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 77

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $74 8% upside
• Avg. target: $87 26% upside
• High target: $100 46% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

JP Morgan Rajat Gupta 78% 1-year accuracy 29 / 37 met price target	17% upside $80	Overweight Maintained	19 Feb 2025
Stephens & Co. Jeff Lick 67% 1-year accuracy 6 / 9 met price target	34% upside $92	Overweight Maintained	13 Feb 2025
Needham Chris Pierce 59% 1-year accuracy 44 / 75 met price target	46% upside $100	Buy Maintained	13 Feb 2025
Seaport Global Glenn Chin 80% 1-year accuracy 4 / 5 met price target	8% upside $74	Buy Upgraded	22 Nov 2024