Sonic Automotive Inc (SAH) is Initiated by Jefferies to Hold

Sonic Automotive Inc (SAH) was Initiated by Jefferies to “Hold”. Jefferies advised their investors in a research report released on Apr 11, 2016.

Many Wall Street Analysts have commented on Sonic Automotive Inc. Sonic Automotive Inc was Initiated by Sidoti to “Buy” on Jan 21, 2016.

On the company’s financial health, Sonic Automotive Inc reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $0.58. The company had revenue of $2470.60 million for the quarter, compared to analysts expectations of $2470.96 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Sonic Automotive Inc closed down -0.07 points or -0.43% at $16.31 with 4,23,390 shares getting traded on Monday. Post opening the session at $16.38, the shares hit an intraday low of $16.21 and an intraday high of $16.62 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 10, 2016, Victor H Doolan (director) sold 3,500 shares at $19.48 per share price. According to the SEC, on Nov 3, 2015, Bryan Scott Smith (CEO and President) sold 124,778 shares at $25.02 per share price. On Mar 27, 2015, David Bruton Smith (Vice Chairman) sold 20,000 shares at $24.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Sonic Automotive Inc. is an automotive retailer in the United States. The Company operates through two segments: Franchised Dealerships and EchoPark. The Franchised Dealerships segment consists of traditional retail automotive franchises that sell new and used vehicles replacement parts and vehicle repair and maintenance services and finance and insurance products. The EchoPark segment consists of standalone pre-owned specialty retail locations that provide customers an opportunity to search buy service and sell their pre-owned vehicles. The Company’s dealerships provide services such as sales of new and used cars and light trucks sales of replacement parts performance of vehicle maintenance manufacturer warranty repairs paint and collision repair services and arrangement of extended warranties service contracts financing insurance and other aftermarket products. The Company’s specialty retail locations operate under the EchoPark brand.

Sonic Automotive Inc

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