Sonic Automotive Inc. (SAH) touched a new high 2 times within the past 5 days.

Sonic Automotive Inc. (NYSE:SAH) saw an upside of 0.82% to close Friday at $52.97 after adding $0.43 on the day. The 5-day average trading volume is 500,580 shares of the company’s common stock. It has gained $58.00 in the past week and touched a new high 2 times within the past 5 days. An average of 421,015 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 343,936.

SAH’s 1-month performance is 3.32% or $1.70 on its low of $48.06 reached on 09/08/21. The company’s shares have touched a 52-week low of $34.05 and high of $58.00, with the stock’s rally to the 52-week high happening on 09/28/21. YTD, SAH has achieved 37.33% or $14.40 and has reached a new high 19 times. However, the current price is down -8.67%% from the 52-week high price.

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Insider Transactions

On Apr 14, 171 days have gone by since the last insider trading activity for Sonic Automotive Inc. (SAH). Byrd Heath (EVP and CFO) most recently sold 45,483 shares at $49.80 per share on Apr 14. This transaction cost the insider $2,265,053. President, DYKE JEFF, sold 32,547 shares at a price of $50.00 on Apr 14. Then, on Apr 14, Chief Executive Officer SMITH DAVID BRUTON sold 119,490 shares at a price of $49.78 per share. This transaction amounted to $5,948,212.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 14.31 and a low of 3.033. SAH stock has a beta of 2.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.19 while the price-to-book (PB) in the most recent quarter is 2.33.

Sonic Automotive Inc. pays an annual dividend of $0.48 per share. Its dividend yield is 0.91% and the payout ratio is 6.20%. SAH paid $0.12 a share compared with prior rate of $0.12, down 0.0% from last year’s. The company has boosted its dividend for the last 10 consecutive years with the latest dividend increase of $0.02 reported on Friday April 30 2021. Measured over the last 3 years, the Dividend has been growing by 100.00% yearly.

It is projected that Sonic Automotive Inc.’s next ex-dividend date will be on 13-Dec-2021. SAH is expected to distribute $0.12 as its next dividend.

Sonic Automotive Inc.’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 1.10 meaning that SAH stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.74, while the total debt to equity was 1.95. In terms of profitability, the gross margin trailing 12 months is 14.60%The trailing 12-month EBITDA margin is 3.96% while for the period ending June 29; Sonic Automotive Inc.’s operating margin was 4.00%. The firm’s gross profit as reported stood at $1.42 billion against revenue of $9.77 billion.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Sonic Automotive Inc.’s return on assets over the past 12 months stands at 7.80%. Return on investment over the past year is 0.60%, while its return on equity (ROE) trailing 12 months is 33.90%. In comparison, the average ROE for the broader industry over the past year is 7.71.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SAH to announce $1.56 per share in earnings in its latest quarter, but it posted $2.63, representing a 68.60% surprise. EBITDA for the quarter stood at more than $189.45 million. SAH stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.71 billion, with total debt at $2.17 billion. Shareholders hold equity totaling $41.72 million

Technical Picture

Let’s look briefly at Sonic Automotive Inc. (SAH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 47.54% to suggest the stock is trending Neutral, with historical volatility in this time period at 41.54%.

The stock’s 5-day moving average is $54.48, reflecting a -5.07% or -$2.83 change from its current price. SAH is currently trading +6.34% above its 20-day SMA, +8.81% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +9.06% and +30.40% respectively.

Stochastic %K and %D was 49.69% and 61.42% and the average true range (ATR) pointed at 2.34. The RSI (14) points at 50.80%, while the 14-day stochastic is at 41.78% with the period’s ATR at 2.20. The stock’s 9-day MACD Oscillator is pointing at -1.16 and -0.22 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Sonic Automotive Inc. (NYSE: SAH), JP Morgan upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for SAH stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SAH as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.

What is SAH’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $55.00 and a high of $85.00, with their median price target at $70.00. Looking at these predictions, the average price target given by analysts is for Sonic Automotive Inc. (SAH) stock is $69.67.


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