Sonic Automotive Inc. (SAH) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $23.29 to $25.19 in the past one-month time frame.
The company has seen one negative revision and one positive revision, while the Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Sonic Automotive has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked auto dealership stocks include America's Car-Mart Inc. (CRMT), Asbury Automotive Group, Inc. (ABG) and Penske Automotive Group, Inc. (PAG). All these stocks carry the same Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment