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 $62.30, up 9.93% from the previous day, and has increased 19.42% in one year. It has overperformed other stocks in the Auto & Truck Dealerships industry by 0.38 percentage points. Sonic Automotive stock is currently +59.66% from its 52-week low of $39.02, and -3.68% from its 52-week high of $64.68.
As of Apr 26, 2024, there are 33.89M shares of SAH outstanding. The market cap of SAH is $2.11B. In the last 24 hours, 817,211 SAH shares were traded.
How to Buy Sonic Automotive Stock
Not sure how to invest in Sonic Automotive stock? Here's how.
- 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.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Pick your payment method and add your information.
- 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).
- 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.
- 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.
Our favorite brokerage: eToro
Based on our research, eToro is the best online stock brokerage. Here's why:
- Invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to world markets: From Technology to Industrials, New York to Tokyo — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro boasts a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by opening an account with eToro now.
Open eToro AccountStep 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.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create a new trading account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
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.
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 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 12.44x, relative to Auto & Truck Dealerships industry P/E ratio of 12.57x
- SAH could be undervalued based on its P/B ratio of 2.33x, relative to Auto & Truck Dealerships industry P/B ratio of 2.38x
- SAH may be undervalued based on its PEG ratio of 0.96x
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 4 sell side analysts who research SAH, the consensus analyst rating on SAH is a Hold
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
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 12.24%.
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 18.6%.
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.
Heath Byrd, EVP and CFO of SAH, was the latest SAH insider to sell. They sold $133,410.42 worth of SAH shares on Mar 31, 2024.
Research more about who owns SAH stock here.
Can I get consistent income from SAH stock?
Sonic Automotive pays a dividend of 1.89%, compared to the Auto & Truck Dealerships industry's average dividend yield of 1.88%. If you owned $1,000 worth of SAH stock, you would have been paid $18.94 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
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
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.
Press the Open button and eToro will place the order.
If you need more info about buying stocks on eToro, click the how to video below:
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:
- Choose where to buy Sonic Automotive stock
- Sign up for your brokerage account
- Deposit money your investment account
- Evaluate Sonic Automotive stock
- Execute your SAH purchase
- Track your SAH investment
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to track your investment in Sonic Automotive, create your watchlist below.
Related "How To" Guides
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation 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.