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Sonic Automotive (SAH) stock surges over 9% post-earnings, beating EPS estimates, despite a slight revenue decline, CFO optimistic about future success.
Annual Revenues Hit Record High Despite Quarterly Struggles
Capital Impact Advisors LLC raised its position in shares of Sonic Automotive, Inc. (NYSE:SAH – Free Report) by 5.6% in the second quarter, HoldingsChannel reports. The firm owned 11,755 shares of the company’s stock after buying an additional 621 shares during the quarter. Capital Impact Advisors LLC’s holdings in Sonic Automotive were worth $560,000 as […]
Mackenzie Financial Corp acquired a new position in Sonic Automotive, Inc. (NYSE:SAH – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,203 shares of the company’s stock, valued at approximately $205,000. Several other large investors […]
JPMorgan Chase & Co. lowered shares of Sonic Automotive (NYSE:SAH – Free Report) from a neutral rating to an underweight rating in a report published on Tuesday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $50.00 target price on the stock. Several other analysts also recently issued reports on the stock. Benchmark reduced their […]