Analyst Price Target is $51.00
▲ +13.79% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Sonic Automotive in the last 3 months. The average price target is $51.00, with a high forecast of $71.00 and a low forecast of $35.00. The average price target represents a 13.79% upside from the last price of $44.82.
Current Consensus is
The current consensus among 5 contributing investment analysts is to hold stock in Sonic Automotive. This rating has held steady since April 2022, when it changed from a Sell consensus rating.
Sonic Automotive, Inc. operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests. The EchoPark segment sells used cars and light trucks; and arranges finance and insurance product sales for its guests in pre-owned vehicle specialty retail locations. As of December 31, 2021, the company operated 140 new vehicle franchises representing 28 brands of cars and light trucks; 17 collision repair centers in 17 states; and 46 EchoPark stores in 16 states, including 11 Northwest Motorsport pre-owned vehicle stores. Sonic Automotive, Inc. was incorporated in 1997 and is based in Charlotte, North Carolina.