Sonic Automotive Inc Class A
SAH: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$88.00 | Ftzpxn | Qyfwmvjm |
Sonic Automotive Earnings: EchoPark Closures Set Remaining Stores Up To Do Better
Sonic Automotive’s second quarter saw all-time record quarterly sales, which were up 4.2% year over year. Adjusted diluted EPS of $1.83, though down 25.3%, beat the $1.65 Refinitiv consensus. We are raising our fair value estimate by $2 to $61 on the time value of money and slightly higher revenue to account for 2023 U.S. light vehicle sales trending higher than our prediction of as much as 14.7 million.