Sonic Automotive Inc Class A
SAH: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $95.00 | Grhzst | Zgdgcyskh |
Sonic Automotive Earnings: New Vehicle Profits Falling but Should Remain Above 2019 Levels
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Sonic Automotive's stock rose nearly 11% on April 25 after the firm reported a good first quarter. Adjusted diluted EPS of $1.36 rose 2.3% year over year and beat the $1.30 LSEG consensus. We are leaving our fair value estimate in place. We like that Sonic repurchased $27 million of stock in the quarter below our fair value estimate, and liquidity is solid at $847 million. EchoPark delivered good news with its first positive adjusted EBITDA quarter for any quarter since first-quarter 2021.