Sonic Automotive Inc (SAH) stock is higher by 3.54% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
Sonic Automotive Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SAH!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With SAH Stock Today?
Sonic Automotive Inc (SAH) stock has gained 1.48% while the S&P 500 is down -1.18% as of 1:25 PM on Tuesday, Jan 25. SAH is up $0.73 from the previous closing price of $49.22 on volume of 203,953 shares. Over the past year the S&P 500 is higher by 13.04% while SAH is up 13.32%. SAH earned $7.19 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.
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More About Sonic Automotive Inc
Sonic Automotive is by our estimate the sixth- largest public auto dealership group in the United States by new-vehicle unit sales. The company has 87 franchised stores in 12 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus about 30 EchoPark used-vehicle stores. In addition to new- and used-vehicle sales, the company derives revenue from parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 88% of new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute about 60% of new-vehicle revenue. BMW is the largest brand at over 24%. 2020's revenue was $9.8 billion, with EchoPark's portion totaling $1.4 billion. Sonic is buying RFJ Auto in December, which could add $3.2 billion in sales.
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