Is Buying Sonic Automotive Inc (NYSE:SAH) Here Good Idea?

Sonic Automotive, Inc. (NYSE:SAH) Logo

Investors sentiment increased to 1.58 in Q4 2018. Its up 0.38, from 1.2 in 2018Q3. It improved, as 7 investors sold Sonic Automotive, Inc. shares while 29 reduced holdings. 17 funds opened positions while 40 raised stakes. 25.19 million shares or 0.22% more from 25.13 million shares in 2018Q3 were reported.
State Common Retirement Fund stated it has 33,054 shares or 0% of all its holdings. Blackrock has 0% invested in Sonic Automotive, Inc. (NYSE:SAH). State Board Of Administration Of Florida Retirement holds 32,726 shares or 0% of its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mngmt Corporation holds 0.01% or 77,928 shares. Mason Street Advsr Llc invested in 0% or 7,346 shares. Comerica National Bank & Trust has 0% invested in Sonic Automotive, Inc. (NYSE:SAH) for 23,029 shares. New York State Teachers Retirement System owns 0% invested in Sonic Automotive, Inc. (NYSE:SAH) for 78,296 shares. Arrowstreet Capital Partnership accumulated 0% or 33,249 shares. Tudor Invest Et Al holds 71,590 shares or 0.02% of its portfolio. Ameritas Inv Ptnrs, Nebraska-based fund reported 2,180 shares. Sei Invs Company, Pennsylvania-based fund reported 4,124 shares. Northern Corp holds 1.22 million shares or 0% of its portfolio. Ubs Asset Mngmt Americas Incorporated has 12,849 shares. Spark Inv Ltd owns 19,500 shares. Dimensional Fund Advsrs Lp has invested 0.02% of its portfolio in Sonic Automotive, Inc. (NYSE:SAH).

The stock of Sonic Automotive Inc (NYSE:SAH) registered an increase of 3.64% in short interest. SAH’s total short interest was 3.55 million shares in May as published by FINRA. Its up 3.64% from 3.42M shares, reported previously. With 205,000 shares average volume, it will take short sellers 17 days to cover their SAH’s short positions. The short interest to Sonic Automotive Inc’s float is 15.86%.

The stock decreased 0.30% or $0.06 during the last trading session, reaching $20.21. About 120,509 shares traded. Sonic Automotive, Inc. (NYSE:SAH) has declined 23.43% since May 8, 2018 and is downtrending. It has underperformed by 27.80% the S&P500.

Sonic Automotive, Inc. operates as an automotive retailer in the United States. The company has market cap of $870.66 million. It operates in two divisions, Franchised Dealerships and Pre-Owned Stores. It has a 9.02 P/E ratio. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, maker warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products.

More notable recent Sonic Automotive, Inc. (NYSE:SAH) news were published by: Seekingalpha.com which released: “INTC, RGEN, BGG and HELE among midday movers – Seeking Alpha” on April 26, 2019, also Seekingalpha.com with their article: “Sonic Automotive, Inc. (SAH) CEO Scott Smith on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” published on July 28, 2018, Seekingalpha.com published: “Sonic Automotive (SAH) Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” on October 25, 2018. More interesting news about Sonic Automotive, Inc. (NYSE:SAH) were released by: Gurufocus.com and their article: “Sonic Automotive Receives Top 10 Rank by Training Magazine – GuruFocus.com” published on April 01, 2019 as well as Thestreet.com‘s news article titled: “Sonic Automotive Stock Hits New 52-Week High (SAH) – TheStreet.com” with publication date: May 24, 2016.

Sonic Automotive, Inc. (NYSE:SAH) Institutional Positions Chart

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