Shares of Sonic Automotive Inc (NYSE:SAH) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $22.75.

A number of research firms recently weighed in on SAH. Zacks Investment Research raised Sonic Automotive from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Bank of America downgraded Sonic Automotive from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 19th. TheStreet upgraded Sonic Automotive from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th. Finally, ValuEngine downgraded Sonic Automotive from a “buy” rating to a “hold” rating in a research report on Friday, November 10th.

Shares of Sonic Automotive (NYSE:SAH) traded down $0.03 during mid-day trading on Tuesday, reaching $22.17. The company had a trading volume of 39,489 shares, compared to its average volume of 335,774. The company has a market cap of $955.70, a price-to-earnings ratio of 14.18, a P/E/G ratio of 3.49 and a beta of 1.57. Sonic Automotive has a twelve month low of $15.95 and a twelve month high of $27.45. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.06 and a quick ratio of 0.26.

Sonic Automotive (NYSE:SAH) last released its quarterly earnings results on Tuesday, October 24th. The company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. Sonic Automotive had a return on equity of 10.47% and a net margin of 0.70%. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the company posted $0.47 EPS. The business’s revenue was down 2.0% on a year-over-year basis. sell-side analysts anticipate that Sonic Automotive will post 1.82 earnings per share for the current fiscal year.

In other news, EVP Jeff Dyke sold 8,551 shares of Sonic Automotive stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $20.10, for a total value of $171,875.10. Following the transaction, the executive vice president now owns 1,262,056 shares in the company, valued at $25,367,325.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 30.29% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its holdings in Sonic Automotive by 7.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,515 shares of the company’s stock worth $185,000 after acquiring an additional 624 shares during the last quarter. Principal Financial Group Inc. raised its position in Sonic Automotive by 0.4% in the 2nd quarter. Principal Financial Group Inc. now owns 200,570 shares of the company’s stock worth $3,901,000 after purchasing an additional 786 shares during the period. Victory Capital Management Inc. raised its position in Sonic Automotive by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,854 shares of the company’s stock worth $114,000 after purchasing an additional 878 shares during the period. Thrivent Financial For Lutherans raised its position in Sonic Automotive by 5.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 15,850 shares of the company’s stock worth $308,000 after purchasing an additional 890 shares during the period. Finally, Voya Investment Management LLC increased its position in shares of Sonic Automotive by 14.1% during the second quarter. Voya Investment Management LLC now owns 14,478 shares of the company’s stock worth $282,000 after acquiring an additional 1,790 shares during the period. 64.40% of the stock is currently owned by institutional investors.

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About Sonic Automotive

Sonic Automotive, Inc is an automotive retailer in the United States. The Company’s operating segments include Franchised Dealerships and EchoPark. Its Franchised Dealerships segment consists of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle repair and maintenance services, and arrange finance and insurance products.

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