.jpg "Sonic Automotive (NYSE: SAH)")
Today, the EC of Sonic Automotive (NYSE: SAH), Bruton Smith, bought shares of SAH for $321.2K.
Following Bruton Smith’s last SAH Buy transaction on March 19, 2018, the stock climbed by 1.8%. Following this transaction Bruton Smith’s holding in the company was increased by 1.68% to a total of $19.65 million.
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Based on Sonic Automotive’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.4 billion and GAAP net loss of $2.19 million. In comparison, last year the company earned revenue of $2.29 billion and had a GAAP net loss of $541K. SAH’s market cap is $921.7M and the company has a P/E ratio of 10.38. Currently, Sonic Automotive has an average volume of 100.3K.
Four different firms, including Merrill Lynch and C.L. King, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $219.9K worth of SAH shares and purchased $321.2K worth of SAH shares. The insider sentiment on Sonic Automotive has been neutral according to 33 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
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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.
