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Sonic Automotive, Inc. (SAH) [hlAlert]

Rating:
Buy SAH
up 71.40 %

Sonic Automotive, Inc. (SAH) rated Buy with price target $18 by Davenport

Posted on: Tuesday,  May 24, 2011  8:25 AM ET by Davenport

Davenport rated Buy Sonic Automotive, Inc. (NYSE: SAH) on 05/24/2011, when the stock price was $12.52. Since
then, Sonic Automotive, Inc. has gained 71.41% as of 01/21/2016's recent price of $21.46.
If you would have followed this Davenport's recommendation on SAH, you would have gained 71.4% of your investment in 1703 days.

Sonic Automotive, Inc. (Sonic) operates as an automotive retailer in the United States. As of March 19, 2009, the Company operated 164 dealership franchises at 135 dealership locations, representing 33 different brands of cars and light trucks, and 31 collision repair centers in 15 states. Each of Sonic?s dealerships provides services, including sales of both new and used cars and light trucks, sales of replacement parts and performance of vehicle maintenance, warranty, paint and repair services (collectively, Fixed Operations), and arrangement of extended service contracts, financing and insurance and other aftermarket products (collectively, F&I) for its automotive customers. As of December 31, 2008, Sonic sold a total of 33 foreign and domestic brands of new vehicles. During 2008, Sonic acquired or was awarded five franchises located in Tennessee and Houston markets.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/24/2011 8:25 AM Buy
None
12.52 18.00
as of 12/30/2011
1 Week down  -0.60 %
1 Month up  0.27 %
3 Months up  37.25 %
1 YTD up  18.29 %

(*) Stock Price at the time of the recommendation.
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