Sonic Automotive, Inc. (SAH) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SAH, as the stock is now down 10.7% since July 3.
The automotive retailer has seen a flat track record when it comes to current year estimate revisions over the past few weeks , and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
SAH currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Some better-ranked stocks in the Retail/Wholesale Auto/Truck industry include Lithia Motors Inc. (LAD), Rush Enterprises, Inc. (RUSHA), and Asbury Automotive Group, Inc. (ABG). While Lithia Motors and Rush Enterprises sport a Zacks Rank #1 (Strong Buy), Asbury Automotive holds a Zacks Rank #2 (Buy).
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SONIC AUTOMOTIVE INC (SAH): Free Stock Analysis Report
LITHIA MOTORS INC (LAD): Free Stock Analysis Report
RUSH ENTERPRISES INC CL A (RUSHA): Free Stock Analysis Report
ASBURY AUTOMOTIVE GROUP INC (ABG): Free Stock Analysis Report
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