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 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: 10,500
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
445% more call options, than puts
Call options by funds: $795K | Put options by funds: $146K
5% more capital invested
Capital invested by funds: $861M [Q2] → $906M (+$44.9M) [Q3]
8% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 26
1.12% less ownership
Funds ownership: 72.26% [Q2] → 71.13% (-1.12%) [Q3]
2% less funds holding
Funds holding: 192 [Q2] → 188 (-4) [Q3]
37% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 83
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
JP Morgan Rajat Gupta 77% 1-year accuracy 24 / 31 met price target | 8%upside $74 | Overweight Maintained | 17 Jan 2025 |
Needham Chris Pierce 55% 1-year accuracy 39 / 71 met price target | 8%upside $74 | Buy Reiterated | 16 Jan 2025 |
Seaport Global Glenn Chin 60% 1-year accuracy 3 / 5 met price target | 8%upside $74 | Buy Upgraded | 22 Nov 2024 |
Financial journalist opinion
Based on 3 articles about SAH published over the past 30 days
