Sonic Automotive, Inc. (NYSE:SAH) CFO Heath Byrd sold 11,000 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $20.43, for a total value of $224,730.00. Following the sale, the chief financial officer now directly owns 143,306 shares in the company, valued at approximately $2,927,741.58. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Sonic Automotive, Inc. (SAH) opened at 19.85 on Wednesday. Sonic Automotive, Inc. has a 12-month low of $15.95 and a 12-month high of $27.45. The stock has a market cap of $870.64 million, a PE ratio of 13.36 and a beta of 1.51. The firm has a 50 day moving average price of $20.01 and a 200 day moving average price of $18.91.

Sonic Automotive (NYSE:SAH) last posted its earnings results on Tuesday, October 24th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.54 billion. Sonic Automotive had a return on equity of 10.47% and a net margin of 0.70%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. On average, equities analysts expect that Sonic Automotive, Inc. will post $1.84 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.01%. Sonic Automotive’s dividend payout ratio is currently 13.07%.

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Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its position in Sonic Automotive by 464.6% during the first quarter. Russell Investments Group Ltd. now owns 27,666 shares of the company’s stock valued at $555,000 after purchasing an additional 22,766 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in Sonic Automotive during the first quarter valued at approximately $243,000. Karp Capital Management Corp purchased a new stake in Sonic Automotive during the first quarter valued at approximately $211,000. Ameriprise Financial Inc. raised its position in Sonic Automotive by 3.6% during the first quarter. Ameriprise Financial Inc. now owns 151,236 shares of the company’s stock valued at $3,033,000 after purchasing an additional 5,316 shares during the period. Finally, Victory Capital Management Inc. raised its position in Sonic Automotive by 20.4% during the first quarter. Victory Capital Management Inc. now owns 4,976 shares of the company’s stock valued at $100,000 after purchasing an additional 844 shares during the period. Institutional investors own 63.72% of the company’s stock.

A number of analysts recently issued reports on the company. Bank of America Corporation cut Sonic Automotive from a “neutral” rating to an “underperform” rating in a report on Thursday, October 19th. Zacks Investment Research raised Sonic Automotive from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. TheStreet raised Sonic Automotive from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. Jefferies Group LLC reissued a “hold” rating and set a $22.00 price objective on shares of Sonic Automotive in a report on Wednesday, July 19th. Finally, BidaskClub cut Sonic Automotive from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $21.75.

About Sonic Automotive

Sonic Automotive, Inc is an automotive retailer in the United States. The Company’s operating segments include Franchised Dealerships and EchoPark. Its Franchised Dealerships segment consists of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle repair and maintenance services, and arrange finance and insurance products.

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