12 stories mentioning SAHUpdated 17d ago
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Sonic Automotive (SAH) said Thursday that it has acquired Porsche Walnut Creek in California, expanding its presence in the Bay Area market.The company said it now operates six Porsche dealerships nationwide, including Porsche Walnut Creek.Shares were up over 1% in afternoon trading.Price: $79.34, Change: $+1.30, Percent Change: +1.67%
Major US franchise auto dealers could face earnings pressure next year if a downside scenario plays out amid a "relatively muted" growth backdrop, UBS Securities said Monday.The downside scenario is based on the brokerage's recent discussions with investors. It includes, among other things, expectations for new and used unit growth to be flat into 2027, compared with consensus views of a gain of 3% and 4%, respectively, for the group in UBS's coverage.Other key input includes parts and service growth outlook of 2% next year versus the consensus for an increase of 5% for the group, according to UBS. The analysis covers AutoNation (AN), Sonic Automotive (SAH), Asbury Automotive Group (ABG), Lithia Motors (LAD), and Group 1 Automotive (GPI).Using these assumptions, UBS sees potential downside to 2027 consensus earnings per share views between 6% and 10% for the group, if the downside scenario were to play out, the brokerage said in a note to clients."Consensus has units higher in both new and used for the group in 2027 in what some expect to be a relatively muted growth environment," UBS analysts Robert Saltzman and Joseph Spak said, adding that parts and service growth could also slow from mid-single-digit levels after "significant warranty tailwinds" in recent years.Same-store new and used vehicle sales have underperformed US light vehicle and used retail sales by about 3% each over the past few quarters, according to the note.The structural durability of backend operations like parts and service, as well as financing and insurance remains underappreciated, though dealers will need improving unit sales and stronger service growth to boost investor confidence, UBS said."Given where multiples are currently trading after the (nearly) 2 weeks post-EPS sell-off, we believe a lot of this pessimism is currently priced in," Saltzman and Spak wrote. "We acknowledge there are a variety of ways to offset these potential headwinds, including (selling, general, and administrative) cost improvements, accretive M&A, (and) share repurchases to support EPS growth."UBS expects AutoNation to be the least affected by the scenario, while Sonic Automotive appears the most vulnerable."We continue to prefer idiosyncratic stories tied to growth and strong buybacks to support EPS in the current operating environment," the brokerage said.Price: $207.07, Change: $-2.35, Percent Change: -1.12%
Sonic Automotive (SAH) reported Q2 adjusted earnings Thursday of $1.82 per diluted share, down from $2.19 a year ago.Analysts polled by FactSet expected $1.75.Revenue for the quarter ended June 30 was $3.93 billion, up from $3.66 billion a year earlier.Analysts expected $3.78 billion.The company said its board approved a quarterly cash dividend of $0.41 per share, payable Oct. 15 to shareholders of record as of Sept. 15.Shares of the company were down more than 4% in premarket activity Thursday.Price: $107.20, Change: $-5.46, Percent Change: -4.85%
Sonic Automotive (SAH) has an average rating of overweight and mean price target of $87.20, according to analysts polled by FactSet.
Sonic Automotive (SAH) has an average rating of overweight and mean price target of $85.73, according to analysts polled by FactSet.Price: $96.86, Change: $+1.61, Percent Change: +1.68%
Jeff Dyke, Director, President, on June 09, 2026, sold 50,000 shares in Sonic Automotive (SAH) for $4,259,743. Following the Form 4 filing with the SEC, Dyke has control over a total of 655,290 Class A common shares of the company, with 543,668 shares held directly and 111,622 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1043509/000144822826000005/xslF345X05/wk-form4_1781124531.xml
Jeff Dyke, Director, President, on June 08, 2026, sold 50,000 shares in Sonic Automotive (SAH) for $4,148,335. Following the Form 4 filing with the SEC, Dyke has control over a total of 705,290 Class A common shares of the company, with 593,668 shares held directly and 111,622 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1043509/000144822826000003/xslF345X05/wk-form4_1780954105.xml
Heath Byrd, Executive Vice President and CFO, on June 02, 2026, sold 5,061 shares in Sonic Automotive (SAH) for $430,185. Following the Form 4 filing with the SEC, Byrd has control over a total of 146,081 Class A common shares of the company, with 133,952 shares held directly and 12,129 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1043509/000157401726000005/xslF345X05/wk-form4_1780516990.xml
Sonic Automotive (SAH) has an average rating of overweight and mean price target of $81.36, according to analysts polled by FactSet.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month price target by $15 to $85, based on a 2027 P/E of 10.8x, a premium to the stock's 10-year average forward P/E of 9.4x. We increase our adjusted EPS estimates to $7.05 from $7.00 for 2026 and to $7.85 from $7.60 for 2027. Following a much better-than-expected Q1 earnings release, we are raising our estimates and price target, but maintaing our Hold view on the shares. SAH posted Q1 adjusted EPS of $1.62 vs. $1.48 (+9%), well ahead of the $1.40 consensus. Revenue rose 1% to $3.69B ($40M below consensus) but gross margin expanded 70 bps to 16.2% (50 bps ahead of consensus). The quarter benefited from record adjusted EBITDA in the EchoPark segment (used vehicle sales). In our view, this was a solid release, highlighted by much better-than-expected margin performance and a notable increase in share repurchase activity, as SAH reduced its outstanding share count by a staggering 6% during Q1 (more than it bought back in all of 2025). We remain at Hold on valuation and a balanced risk/reward.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Sonic Automotive (SAH) posted Q1 adjusted EPS of $1.62 vs. $1.48 (+9%), well ahead of the $1.40 consensus. Revenue rose 1% to $3.69B ($40M below consensus) but gross margin expanded 70 bps to 16.2% (50 bps ahead of consensus). The quarter benefited from record adjusted EBITDA in the EchoPark segment (used vehicle sales). Higher price realizations were behind the top line increase, as SAH's total vehicle sales (excluding wholesale) volumes were down 3% to 52,165 units. SAH's new vehicle sales fell by 8% and wholesale units were down 24%, partially offset by a 4% increase in used vehicle retail units. SAH repurchased 2.1M shares for $135.7M in Q1, representing a 6% reduction in its share count. The company also announced an 8% increase in its quarterly dividend to $0.41/share, or $1.64 annualized. The company's balance sheet remains robust with over $770M in total liquidity. In our view, this was a solid release, highlighted by much better-than-expected margin performance and a notable increase in buybacks.
The automotive dealership industry is expected to see a weaker Q1 performance due to weather disruptions and softer vehicle sales, BofA Securities said in a note on Monday.The firm said Q1 earnings per share estimates for Asbury Automotive (ABG), AutoNation (AN), Group 1 Automotive (GPI), Penske Automotive (PAG), Sonic Automotive (SAH), and Lithia Motors (LAD) have been reduced by an average of 13%. This mainly reflects weather disruptions in late January and February, which affected both vehicle sales and parts and service.Same-store new unit sales are now expected to decline by 5.4% on average, also due to tough comparisons from pre-buying ahead of tariffs implemented at the end of March 2025, BofA added.For Q2, same-store new unit sales are projected to decline by 1.8% on average, again reflecting difficult comparisons from April of last year due to pre-buying before tariff-related price increases. Key risks to recovery include lower consumer confidence linked to the Iran War and higher gas prices, which historically affect US auto sales.The firm added that AutoNation remains a top pick heading into earnings, as its store footprint was less affected by weather disruptions. There is also potential upside to EPS from share buybacks, which may offset higher selling, general, and administrative expenses.BofA lowered price targets of Asbury Automotive to $238 from $255, Group 1 Automotive to $390 from $430, Lithia Motors to $320 from $335, and Penske Automotive to $185 from $200.Price: $197.68, Change: $-2.85, Percent Change: -1.42%
