Sonic Automotive (NYSE:SAH) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Sonic Automotive (NYSE:SAH) issued its quarterly earnings results on Wednesday. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.05, Zacks reports. Sonic Automotive had a return on equity of 21.27% and a net margin of 1.41%.

Sonic Automotive Stock Performance

Shares of SAH stock traded down $3.20 on Wednesday, reaching $71.56. The stock had a trading volume of 89,355 shares, compared to its average volume of 173,905. Sonic Automotive has a 1 year low of $47.82 and a 1 year high of $76.78. The company has a 50 day simple moving average of $67.72 and a 200 day simple moving average of $62.50. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.35 and a current ratio of 1.11. The stock has a market cap of $2.45 billion, a P/E ratio of 12.72 and a beta of 1.68.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $74.00 price target on shares of Sonic Automotive in a research report on Thursday, January 16th. Seaport Res Ptn raised Sonic Automotive from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. decreased their price target on shares of Sonic Automotive from $75.00 to $74.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Stephens raised shares of Sonic Automotive from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $67.20.

About Sonic Automotive

Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in three segments, Franchised Dealerships, EchoPark, and Powersports. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests.