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How to Buy Sonic Automotive Stock

Sonic Automotive Inc

Sonic Automotive is a auto & truck dealership company located in North Carolina, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker SAH on the NYSE exchange.

Sonic Automotive stock last closed at $56.60, up 1.22% from the previous day, and has increased 35.57% in one year. It has overperformed other stocks in the Auto & Truck Dealerships industry by 0.46 percentage points. Sonic Automotive stock is currently +38.84% from its 52-week low of $40.77, and -12.49% from its 52-week high of $64.68.

As of May 24, 2024, there are 33.89M shares of SAH outstanding. The market cap of SAH is $1.92B. In the last 24 hours, 101,737 SAH shares were traded.

How to Buy Sonic Automotive Stock

Not sure how to invest in Sonic Automotive stock? Here's how.
  1. Choose where to buy Sonic Automotive stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you decide where to buy Sonic Automotive stock.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Pick your payment method and add your information.
  4. Evaluate Sonic Automotive stock: The Sonic Automotive ticker symbol is SAH. Is Sonic Automotive stock a good investment? Should you buy shares of SAH? How do SAH's underlying business fundamentals look? Do top analysts think Sonic Automotive is a good buy? Why has SAH's stock price moved recently? (Hint: Our stock market research website can help you decide if SAH is a good stock to buy).
  5. Execute your SAH purchase: Decide if you will purchase SAH shares at the current market price or use a limit order to purchase SAH stock at a particular price.
  6. Track your SAH investment: Create a watchlist to important updates regarding your position in Sonic Automotive shares.

Step 1: Choose where to buy Sonic Automotive stock

You will need a brokerage account to access the NYSE market and buy SAH shares.

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Step 2: Sign up for your brokerage account

Now that you've selected your brokerage, it's time to fill out some personal info so you are able to invest in SAH stock today.

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Step 3: Deposit money your investment account

Now that you've finished signing up on investing apps, your next step is to transfer the money for your investment:

Watch the video below if you need help depositing funds into your brokerage account.

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Step 4: Evaluate Sonic Automotive stock

After you have figured out the best place to buy Sonic Automotive stock, it's important to evaluate their stock before you buy, so you can wrap your head around the risk and upside.

Sonic Automotive quick stats

SAH Price
$56.60
1w %
-4.05%
1y %
35.57%
5y %
207.61%
P/E
11.3x
P/B
2.12x
P/S
0.13x
PEG
0.88x
Revenue
$14.27B
Earnings
$172.50M
Fore. Rev. Growth
1.63%
Fore. Earn. Growth
14.34%
Market Cap
$1.92B
Next Earnings
Jul 25, 2024
Next Dividend
Jul 15, 2024

SAH Due Diligence Checks

WallStreetZen was built to help average investors do more accurate fundamental analysis.

You can see all of the due diligence checks on SAH's stock page.

Is SAH stock overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge SAH's intrinsic value.

Using relative valuations metrics:

  • SAH may be undervalued based on its P/E ratio of 11.3x, relative to Auto & Truck Dealerships industry P/E ratio of 14.75x
  • SAH could be undervalued based on its P/B ratio of 2.12x, relative to Auto & Truck Dealerships industry P/B ratio of 2.5x
  • SAH may be undervalued based on its PEG ratio of 0.88x

You can do more valuation analysis on SAH's stock here.

SAH Financial Overview

Passed Financial Due Diligence Checks:

  • There are more short-term assets than long-term liabilities on the SAH balance sheet.
  • SAH has $15.10M in cash and short term investments. This is sufficient to cover its annual cash burn of $114.40M.
  • There are more short-term assets than short-term liabilities on the SAH balance sheet.
  • SAH profit margin has gone up from 0.3% to 1.2% in the past year.

Failed Financial Due Diligence Checks:

  • Total SAH debt is higher than 5 years ago, relative to shareholder equity.
  • SAH has a relatively high debt to equity ratio of 4.98.
  • SAH has cash burn of 114400000. It does not have enough cash and short-term investments to cover this.

Do Wall Street analysts think it's a good time to buy Sonic Automotive stock

Out of 3 sell side analysts who research SAH, the consensus analyst rating on SAH is a Sell

It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.

You can dig deeper into what analysts are forecasting on the Sonic Automotive stock forecast page.

SAH Technical Indicators

SMA10
57.97
SMA20
57.92
SMA50
54.83
SMA100
53.74
SMA200
52.18
MACD
0.72
MACD Signal
1.17
MACD Histogram
-0.45
RSI
50.08
Stochastic %K
17.99
Stochastic %D
21.69
StochRSI %K
5.95
StochRSI %D
1.98

How are SAH Revenues/Earnings doing?

Last year, SAH earnings were $172.50M. Over the last 5 year, SAH's earnings have grown by 17.47% per year. This was faster than the Auto & Truck Dealerships industry average of 9.08%.

Last year, SAH revenue was $14.27B. Over the past five year, SAH's revenue has increased by 7.49% per year. This was slower than the Auto & Truck Dealerships industry average of 22.65%.

You can analyze SAH's earnings and revenue performance here.

Latest Insiders Trades at SAH

In the past 12 months, executives and large shareholders at SAH have sold more shares than they have bought.

David Bruton Smith, Chairman and CEO of SAH, was the latest SAH insider to sell. They sold $988,106.56 worth of SAH shares on May 15, 2024.

Research more about who owns SAH stock here.

Can I get consistent income from SAH stock?

Sonic Automotive pays a dividend of 2.08%, compared to the Auto & Truck Dealerships industry's average dividend yield of 2.06%. If you owned $1,000 worth of SAH stock, you would have been paid $20.85 last year.

Sonic Automotive dividend payments have consistently grown over the past decade but have not remained stable.

Find more data about Sonic Automotive dividend yield and history here.

SAH Social Trading Data

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Step 5: Execute your SAH purchase

There are two main options:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are usually fine for most investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a specific price, place a limit order.

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Step 6: Track your SAH investment

Now that you own some SAH stock, you'll want to stay up-to-date on your new company.

Add SAH to a watchlist to see the latest developments about your SAH stock.

SAH Feed

How to Buy Stock in Sonic Automotive

To reiterate, here are the 6 steps to buy Sonic Automotive stock:

  1. Choose where to buy Sonic Automotive stock
  2. Sign up for your brokerage account
  3. Deposit money your investment account
  4. Evaluate Sonic Automotive stock
  5. Execute your SAH purchase
  6. Track your SAH investment

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If you would like to track your investment in Sonic Automotive, create your watchlist below.

NYSE: SAH
$56.60+0.68 (+1.22%)
Updated May 24, 2024
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NYSE: SAH
$56.60+0.68 (+1.22%)
Updated May 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Sonic Automotive share?

As of May 24, 2024, it costs $56.60 to buy one share of Sonic Automotive stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.177 shares of SAH.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Sonic Automotive stock?

According to 3 Wall Street analysts who monitor Sonic Automotive, their consensus recommendation is to sell Sonic Automotive stock.

What is the best way to buy Sonic Automotive stock?

One way to place an order for Sonic Automotive stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.