Where Will Sonic Automotive Inc (SAH) Stock Go Next After It Is Up 1.37% in a Week?

Overall market sentiment has been down on Sonic Automotive Inc (SAH) stock lately. SAH receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sonic Automotive Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SAH!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With SAH Stock Today?

Sonic Automotive Inc (SAH) stock is up 1.81% while the S&P 500 has fallen -0.02% as of 11:30 AM on Tuesday, Feb 27. SAH is up $0.92 from the previous closing price of $50.87 on volume of 41,806 shares. Over the past year the S&P 500 has gained 27.27% while SAH has fallen -8.71%. SAH earned $4.96 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.51.

More About Sonic Automotive Inc

Sonic Automotive is one of the largest auto dealership groups in the United States. The company has 110 franchised stores in 17 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 47 EchoPark and Northwest Motorsport brand 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 26%. 2021's revenue was $12.4 billion, with EchoPark's portion totaling $2.3 billion. Sonic bought RFJ Auto in December 2021, which added $3.2 billion in sales. Click Here to get the full Stock Report for Sonic Automotive Inc stock.