Last $24.03 USD
Change Today -0.02 / -0.08%
Volume 537.2K
SAH On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

sonic automotive inc-class a (SAH) Snapshot

Open
$24.08
Previous Close
$24.05
Day High
$24.18
Day Low
$23.85
52 Week High
07/7/14 - $27.87
52 Week Low
02/5/14 - $21.05
Market Cap
1.3B
Average Volume 10 Days
234.8K
EPS TTM
$1.98
Shares Outstanding
40.6M
EX-Date
09/11/14
P/E TM
12.1x
Dividend
$0.10
Dividend Yield
0.42%
Current Stock Chart for SONIC AUTOMOTIVE INC-CLASS A (SAH)

sonic automotive inc-class a (SAH) Related Businessweek News

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sonic automotive inc-class a (SAH) Details

Sonic Automotive, Inc. operates as an automotive retailer in the United States. It is involved in the sale of new and used cars, light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repairs, paint, and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products. As of December 31, 2013, the company operated 123 franchises in 14 states representing 25 different brands of cars and light trucks, and 21 collision repair centers; and 102 stores. Sonic Automotive, Inc. was founded in 1997 and is based in Charlotte, North Carolina.

9,100 Employees
Last Reported Date: 03/3/14
Founded in 1997

sonic automotive inc-class a (SAH) Top Compensated Officers

Co-Founder, Chairman and Chief Executive Offi...
Total Annual Compensation: $1.2M
Co-Founder, President, Chief Strategic Office...
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $563.8K
Executive Vice President of Operations
Total Annual Compensation: $882.6K
Compensation as of Fiscal Year 2013.

sonic automotive inc-class a (SAH) Key Developments

Sonic Automotive Inc. Announces EchoPark, a Specialty Pre-Owned Automotive Retail Concept in the Denver Market

Sonic Automotive Inc. announced that EchoPark is the name of its pre-owned vehicle retail store concept. Launching in Denver this fall, EchoPark will offer a revolutionary customer experience while providing guests with a whole new way to search, buy, service and sell their pre-owned vehicles. EchoPark is slated to open late fall with a main hub in Thornton and neighborhood stores in Centennial and Highlands Ranch. Hiring has begun for these locations and management anticipates hiring more than 150 Coloradoans in 2014 alone. Neighborhood stores in Golden and Dakota Ridge are planned, as well as additional locations in the Denver metro area.

Sonic Automotive Inc. Presents at C.L. King's Best Ideas Conference 2014, Sep-09-2014

Sonic Automotive Inc. Presents at C.L. King's Best Ideas Conference 2014, Sep-09-2014 . Venue: Omni Berkshire Place Hotel, New York, New York, United States.

Sonic Automotive Inc. Enters into Third Amended and Restated Credit Agreement with Lenders

On July 23, 2014, Sonic Automotive Inc. entered into a third Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, Bank of America, N.A., Mercedes-Benz Financial Services USA LLC, BMW Financial Services NA, LLC, Toyota Motor Credit Corporation, JPMorgan Chase Bank, N.A., Wells Fargo Bank, National Association, Comerica Bank, U.S. Bank, National Association, Capital One, N.A., VW Credit Inc., Bank of the West and World Omni Financial Corp., as lenders, and Bank of America, N.A. and Wells Fargo Bank, National Association, as letter of credit issuers. The Revolving Facility matures on August 15, 2019. The Revolving Facility amended and restated the Second Amended and Restated Credit Agreement, dated as of July 8, 2011, among Sonic, Bank of America, N.A., as administrative agent, Bank of America, N.A., JPMorgan Chase Bank, N.A., U.S. Bank, National Association, Wells Fargo Bank, National Association, Mercedes-Benz Financial Services USA LLC, Comerica Bank, Capital One, N.A., BMW Financial Services NA, LLC, Toyota Motor Credit Corporation, VW Credit Inc. and World Omni Financial Corp., as lenders, and Bank of America, N.A. and Wells Fargo Bank, National Association, as letter of credit issuers, as amended. The Revolving Facility has a borrowing limit of $225 million, which may be expanded up to $275 million in total credit availability upon satisfaction of certain conditions. The Revolving Facility is available for acquisitions, capital expenditures, working capital and general corporate purposes. The amount available for borrowing under the Revolving Facility is reduced on a dollar-for-dollar basis by the aggregate face amount of any outstanding letters of credit under the Revolving Facility and is subject to compliance with a borrowing base. The borrowing base is calculated based on the value of eligible accounts, eligible inventory, eligible equipment and certain eligible real estate designated by Sonic. Amounts outstanding under the Revolving Facility bear interest at a specified percentage above LIBOR, ranging from 1.75% to 2.75% per annum (but, in any case, not less than 2.25% per annum through the end of the third quarter of 2014) according to a performance-based pricing grid determined by Sonic's Consolidated Total Lease Adjusted Leverage Ratio (as defined in the Revolving Facility) as of the last day of the immediately preceding fiscal quarter, or a specified percentage above the Base Rate, ranging from 0.75% to 1.75% per annum (but, in any case, not less than 1.25% per annum through the end of the third quarter of 2014) according to the Performance Grid. In addition, there is a quarterly commitment fee payable by Sonic on the unused portion of the Revolving Facility, ranging from 0.30% to 0.50% per annum (but, in any case, not less than 0.35% per annum through the end of the third quarter of 2014) according to the Performance Grid.

 

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SAH

Industry Average

Valuation SAH Industry Range
Price/Earnings 12.6x
Price/Sales 0.1x
Price/Book 1.9x
Price/Cash Flow 8.1x
TEV/Sales NM Not Meaningful
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