Alert: Positive Investment/Fundamental Signals (12/4/23)-Sonic Automotive Inc. (NYSE: SAH)


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

Recent meaningful positive changes in fundamentals have benefitted Sonic Automotive Inc. (NYSE: SAH): 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 B. We would continue to 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 B (Positive). 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 Appreciation Score of 63 and a slightly positive Power Rating of 69, triggering the Positive Value Trend Rating.

Recent Price Action

Sonic Automotive Inc. (NYSE: SAH) stock rose slightly by 0.3% on 12/4/23. The stock closed at $53.60. However, this advance was accompanied by unusually low trading volume at 51% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.5% during the last week.

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