Alert: Positive Investment/Fundamental Signals (11/20/23)-Sonic Automotive Inc. (NYSE: SAH)


Sonic Automotive Inc. (NYSE: SAH) has recently enjoyed extremely important positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Sonic Automotive Inc. (NYSE: SAH). Meaningful positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

SAH is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Sonic Automotive has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Sonic Automotive has a slightly positive Power Rating of 62 and a slightly positive Appreciation Score of 62, leading to the High Neutral Value Trend Rating.

Recent Price Action

Sonic Automotive Inc. (NYSE: SAH) stock closed at $52.70 on 11/20/23 after a modest gain of 0.5%. The stock has risen 7.1% during the last week and has performed in line with the market over the last nine months.

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