Jefferies analyst Bret Jordan reiterated a Hold rating on Sonic Automotive (NYSE: SAH) yesterday and set a price target of $20. The company’s shares closed yesterday at $20.40.
According to TipRanks.com, Jordan is ranked #1097 out of 4840 analysts.
Currently, the analyst consensus on Sonic Automotive is a Moderate Sell with an average price target of $20.
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Sonic Automotive’s market cap is currently $870.5M and has a P/E ratio of 9.81. The company has a Price to Book ratio of 1.13.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is neutral on the stock.
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Sonic Automotive, Inc. operates as a automotive retailer. Its services include sales of both new and used cars and light trucks, sales of replacement parts and performance of vehicle maintenance, warranty, paint and repair services and arrangement of extended service contracts, financing, insurance, vehicle protection products and other aftermarket products for automotive customers. The company operates its business through the following segments: Franchised Dealerships and Pre-Owned Stores. The Franchised Dealerships segment provides comprehensive services which include, sales of both new and used cars and light trucks, sales of replacement parts and performance of vehicle maintenance, manufacturer warranty repairs, and paint and collision repair services. The Pre-Owned Stores segment provides the same services excluding new vehicle sales and manufacturer warranty repairs. Sonic Automotive was founded by Ollen Bruton Smith and Bryan Scott Smith in January 1997 and is headquartered in Charlotte, NC.
