Sonic Automotive Newswire

Comprehensive Real-Time News Feed for Sonic Automotive.

Results 1 - 20 of 100 in Sonic Automotive

  1. 'Tesla of dealers' scores Morgan Stanley endorsementRead the original story

    Monday | MarketWatch

    Morgan Stanley upgraded shares of Sonic Automotive Inc. to "overweight," saying the car retailer has a shot at disrupting the century-old dealership model. Car retailer Sonic Automotive promises a 60-minute turnaround when buying a car, bringing it more in line with a "typical retail experience" and away from the hassle and paperwork associated with buying a house, Morgan Stanley analysts said in a Monday research note entitled "The Tesla of Dealers?" "The key is how much of a premium customers will pay for a high-quality transaction experience," the analysts said.


  2. Sonic Automotive Rating Increased to Overweight at Morgan StanleyRead the original story

    Monday |

    ... Stanley's target price indicates a potential upside of 28.81% from the company's current price. Shares of Sonic Automotive ( NYSE:SAH ) opened at 23.94 on Monday. Sonic Automotive has a 52 week low of $21.05 and a 52 week high of $27.87. The stock ...


  3. Why Sonic Automotive (SAH) Stock Is Higher TodayRead the original story w/Photo

    Monday |

    ... retailer as the company is working to reinvent its dealer model. Separately, TheStreet Ratings team rates SONIC AUTOMOTIVE INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation: "We rate SONIC ...


  4. Sonic Automotive Earns "BB-" Credit Rating from MorningstarRead the original story

    Monday Sep 22 |

    Sonic Automotive has received a "BB-" credit rating from Morningstar . The investment research firm's "BB-" rating indicates that the company is an above-average default risk.


  5. Check Your Portfolio for Profit LeaksRead the original story w/Photo

    Wednesday Sep 10 |

    ... a. The daily RS line has been in a shallow uptrend for the past two weeks but is holding above its WMA. Sonic Automotive, Inc. ( SAH ) was a pick in the consumer discretionary sector as the Select SPDR Consumer Discretionary ( XLY ) is up 4.8% from ...


  6. Sonic Automotive Stock Rating Lowered by ZacksRead the original story

    Wednesday Sep 3 |

    ... the stock. Zacks 's target price points to a potential downside of 5.12% from the company's current price. Sonic Automotive ( NYSE:SAH ) traded down 0.60% during mid-day trading on Wednesday, hitting $25.04. The stock had a trading volume of 54,538 ...


  7. Sonica s EchoPark stores will use self-branded products, financingRead the original story w/Photo

    Wednesday Sep 3 | Automotive News

    Sonic Automotive Inc. is negotiating with auto lenders and F&I product administrators to provide private-label retail financing and F&I products for its new EchoPark stand-alone used-car dealerships, says Jeff Dyke, Sonic's executive vice president of operations.


  8. Sonic Automotive launches new used-car sales concept in metro DenverRead the original story

    Aug 18, 2014 | Denver Post

    National auto dealer Sonic Automotive Inc. will launch a used-car sales concept in Denver that it describes as "a real game changer."


  9. Sonic to launch used-car chain, compete with CarMaxRead the original story w/Photo

    Aug 18, 2014 | Business Journal

    Automotive retailer Sonic Automotive Inc. is preparing to launch a chain of used-car locations that will adopt the no-haggling sales approach employed by CarMax Inc. In the process, Charlotte-based Sonic hopes to compete directly with CarMax, The Wall Street Journal reports.


  10. Sonic Automotive launches used-car stores to take on CarMaxRead the original story

    Aug 18, 2014 | The Charlotte Observer

    Charlotte-based Sonic Automotive on Monday announced the opening of a new chain of stand-alone used-car dealerships, moving into a sector currently dominated by used-car giant CarMax.


  11. Wall Street Breakfast: Eurozone Banks To Borrow a 250B From ECBRead the original story

    Aug 18, 2014 | Seeking Alpha

    ... and Reform Commission to impose fines of up to 10% of a company's Chinese revenues for the previous year. Sonic Automotive will announce its creation of EchoPark today, a chain of preowned-vehicle stores that will challenge used-car retailers such ...


  12. Why Sonic Automotive (SAH) Stock Is Moving Higher TodayRead the original story w/Photo

    Aug 18, 2014 |

    ... of its pre-owned vehicle retail store concept that will compete with CarMax Operating as a subsidiary of Sonic Automotive, EchoPark will introduce a new specialty pre-owned automotive retail experience that is completely unique to the automotive ...


  13. Sonic Automotive Announces EchoPark, A Specialty Pre-Owned Automotive ...Read the original story

    Aug 18, 2014 | Business Wire

    Sonic Automotive, Inc. , a Fortune 300 Company and one of the largest retailers of new & pre-owned vehicles in the United States, announced that EchoPark is the name of its pre-owned vehicle retail store concept.


  14. Press Digest - Wall Street Journal - Aug 18Read the original story

    Aug 17, 2014 | Reuters

    ... direct investment in China fell 17 percent in July compared with a year earlier. ( ) * Sonic Automotive Inc will open a chain of preowned-vehicle stores hoping to move on the turf of used-car retailer CarMax Inc. Sonic on Monday ...


  15. CarMax to get new rival in used cars, WSJ reportsRead the original story

    Aug 8, 2014 |

    CarMax to get new rival in used cars, WSJ reports Sonic Automotive is expected to today announce the creation of EchoPark stores, a chain of pre-owned vehicle stores that would compete with CarMax , the Wall Street Journal reports.


  16. Sonic details plans for used-car networkRead the original story

    Aug 17, 2014 | Automotive News

    Sonic Automotive Inc. is naming its new used-vehicle business EchoPark and eventually aims to put the stand-alone stores in more than 50 markets across the country.


  17. 3 Volume Picks in an Emerging SectorRead the original story

    Aug 12, 2014 |

    ... months. Last's Friday's close was above the quarterly pivot at $57.68 with next resistance in the $60 area. Sonic Automotive, Inc. ( SAH ) is a $1.28 billion auto retailer that also missed on earnings in the latter part of July. It is down 0.16% YTD ...


  18. Insider Buying: O Bruton Smith Purchases 10,000 Shares of Sonic Automotive StockRead the original story

    Aug 8, 2014 |

    Sonic Automotive CEO O Bruton Smith purchased 10,000 shares of the stock in a transaction dated Wednesday, August 6th.


  19. Oceanstone's enigmatic manager dies, fund closesRead the original story w/Photo

    Aug 4, 2014 | USA Today

    ... in beaten-up stocks like car-rental company Dollar Thrifty ( DTG ), which soared 1,103% that year, and Sonic Automotive ( SAH ), a car retailer, which jumped 535%. The fund kept above-average performance until last year, when it posted a 27% gain in ...


  20. Sonic exits Mich., looks elsewhereRead the original story

    Aug 3, 2014 | Automotive News

    After divesting the last of its four stores in Michigan last month, Sonic Automotive Inc. plans to use the proceeds of the sales to buy more dealerships in other markets.