Sonic Automotive traded at $89.80 this Monday August 3rd, decreasing $1.78 or 1.94 percent since the previous trading session. Looking back, over the last four weeks, Sonic Automotive lost 8.13 percent. Over the last 12 months, its price rose by 25.33 percent. Looking ahead, we forecast Sonic Automotive to be priced at 89.64 by the end of this quarter and at 84.06 in one year, according to Trading Economics global macro models projections and analysts expectations.
Sonic Automotive, Inc. is an automotive retailer in the United States. The Company's operating segments include Franchised Dealerships and EchoPark. The Franchised Dealerships Segment provides a range of services, including sales of both new and used cars and light trucks; sales of replacement parts and performance of vehicle maintenance, manufacturer warranty repairs, and paint and collision repair services (collectively, fixed operations); arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products (collectively, finance and insurance) to its customers. The EchoPark Segment sells used cars and light trucks and arranges finance and insurance (F&I) product sales for its customers in pre-owned vehicle retail locations. The Company's EchoPark business generally operates independently from its franchised dealerships business. The Company operates approximately 25 EchoPark stores in 12 states.