Intrinsic value of Sonic Automotive Cl A - SAH

Previous Close

$18.15

  Intrinsic Value

$16.65

stock screener

  Rating & Target

hold

-8%

Previous close

$18.15

 
Intrinsic value

$16.65

 
Up/down potential

-8%

 
Rating

hold

We calculate the intrinsic value of SAH stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  10,064
  10,296
  10,560
  10,857
  11,187
  11,548
  11,941
  12,367
  12,825
  13,318
  13,844
  14,406
  15,004
  15,640
  16,315
  17,030
  17,787
  18,587
  19,433
  20,325
  21,268
  22,261
  23,308
  24,412
  25,574
  26,798
  28,086
  29,441
  30,867
  32,367
Variable operating expenses, $m
  9,822
  10,046
  10,303
  10,591
  10,910
  11,260
  11,642
  12,055
  12,500
  12,977
  13,428
  13,973
  14,553
  15,170
  15,824
  16,518
  17,252
  18,028
  18,848
  19,714
  20,628
  21,592
  22,607
  23,678
  24,805
  25,992
  27,241
  28,555
  29,938
  31,393
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  9,822
  10,046
  10,303
  10,591
  10,910
  11,260
  11,642
  12,055
  12,500
  12,977
  13,428
  13,973
  14,553
  15,170
  15,824
  16,518
  17,252
  18,028
  18,848
  19,714
  20,628
  21,592
  22,607
  23,678
  24,805
  25,992
  27,241
  28,555
  29,938
  31,393
Operating income, $m
  243
  250
  258
  267
  277
  287
  299
  312
  326
  341
  416
  433
  451
  470
  491
  512
  535
  559
  585
  611
  640
  670
  701
  734
  769
  806
  845
  886
  929
  974
EBITDA, $m
  472
  483
  495
  509
  524
  541
  560
  580
  601
  624
  649
  675
  703
  733
  765
  798
  834
  871
  911
  953
  997
  1,044
  1,093
  1,144
  1,199
  1,256
  1,317
  1,380
  1,447
  1,517
Interest expense (income), $m
  77
  137
  140
  144
  149
  154
  159
  165
  171
  179
  186
  194
  203
  212
  222
  233
  244
  256
  268
  282
  296
  311
  326
  343
  360
  378
  398
  418
  439
  462
  486
Earnings before tax, $m
  106
  109
  113
  118
  123
  128
  134
  141
  147
  154
  222
  230
  239
  248
  258
  268
  279
  291
  303
  316
  329
  343
  358
  374
  391
  408
  427
  446
  467
  488
Tax expense, $m
  29
  30
  31
  32
  33
  35
  36
  38
  40
  42
  60
  62
  65
  67
  70
  72
  75
  78
  82
  85
  89
  93
  97
  101
  106
  110
  115
  120
  126
  132
Net income, $m
  77
  80
  83
  86
  90
  94
  98
  103
  107
  113
  162
  168
  174
  181
  188
  196
  204
  212
  221
  230
  240
  251
  262
  273
  285
  298
  312
  326
  341
  356

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,895
  3,984
  4,087
  4,202
  4,329
  4,469
  4,621
  4,786
  4,963
  5,154
  5,358
  5,575
  5,807
  6,053
  6,314
  6,590
  6,883
  7,193
  7,520
  7,866
  8,231
  8,615
  9,020
  9,447
  9,897
  10,371
  10,869
  11,394
  11,945
  12,526
Adjusted assets (=assets-cash), $m
  3,895
  3,984
  4,087
  4,202
  4,329
  4,469
  4,621
  4,786
  4,963
  5,154
  5,358
  5,575
  5,807
  6,053
  6,314
  6,590
  6,883
  7,193
  7,520
  7,866
  8,231
  8,615
  9,020
  9,447
  9,897
  10,371
  10,869
  11,394
  11,945
  12,526
Revenue / Adjusted assets
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
  2.584
Average production assets, $m
  1,691
  1,730
  1,774
  1,824
  1,879
  1,940
  2,006
  2,078
  2,155
  2,237
  2,326
  2,420
  2,521
  2,628
  2,741
  2,861
  2,988
  3,123
  3,265
  3,415
  3,573
  3,740
  3,916
  4,101
  4,296
  4,502
  4,718
  4,946
  5,186
  5,438
Working capital, $m
  1,409
  1,441
  1,478
  1,520
  1,566
  1,617
  1,672
  1,731
  1,796
  1,864
  1,938
  2,017
  2,101
  2,190
  2,284
  2,384
  2,490
  2,602
  2,721
  2,846
  2,977
  3,117
  3,263
  3,418
  3,580
  3,752
  3,932
  4,122
  4,321
  4,531
Total debt, $m
  2,599
  2,670
  2,751
  2,843
  2,944
  3,055
  3,176
  3,307
  3,447
  3,599
  3,761
  3,933
  4,117
  4,312
  4,520
  4,739
  4,972
  5,218
  5,478
  5,752
  6,042
  6,347
  6,669
  7,008
  7,365
  7,741
  8,137
  8,553
  8,991
  9,452
Total liabilities, $m
  3,093
  3,164
  3,245
  3,336
  3,437
  3,548
  3,669
  3,800
  3,941
  4,092
  4,254
  4,427
  4,610
  4,806
  5,013
  5,233
  5,465
  5,711
  5,971
  6,246
  6,535
  6,840
  7,162
  7,501
  7,858
  8,234
  8,630
  9,046
  9,485
  9,945
Total equity, $m
  802
  821
  842
  866
  892
  921
  952
  986
  1,022
  1,062
  1,104
  1,148
  1,196
  1,247
  1,301
  1,358
  1,418
  1,482
  1,549
  1,620
  1,695
  1,775
  1,858
  1,946
  2,039
  2,136
  2,239
  2,347
  2,461
  2,580
Total liabilities and equity, $m
  3,895
  3,985
  4,087
  4,202
  4,329
  4,469
  4,621
  4,786
  4,963
  5,154
  5,358
  5,575
  5,806
  6,053
  6,314
  6,591
  6,883
  7,193
  7,520
  7,866
  8,230
  8,615
  9,020
  9,447
  9,897
  10,370
  10,869
  11,393
  11,946
  12,525
Debt-to-equity ratio
  3.240
  3.250
  3.270
  3.280
  3.300
  3.320
  3.340
  3.350
  3.370
  3.390
  3.410
  3.420
  3.440
  3.460
  3.470
  3.490
  3.510
  3.520
  3.540
  3.550
  3.560
  3.580
  3.590
  3.600
  3.610
  3.620
  3.630
  3.640
  3.650
  3.660
Adjusted equity ratio
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206
  0.206

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  77
  80
  83
  86
  90
  94
  98
  103
  107
  113
  162
  168
  174
  181
  188
  196
  204
  212
  221
  230
  240
  251
  262
  273
  285
  298
  312
  326
  341
  356
Depreciation, amort., depletion, $m
  229
  233
  237
  242
  248
  254
  261
  268
  275
  284
  233
  242
  252
  263
  274
  286
  299
  312
  326
  341
  357
  374
  392
  410
  430
  450
  472
  495
  519
  544
Funds from operations, $m
  306
  313
  320
  329
  338
  348
  359
  370
  383
  396
  395
  410
  427
  444
  462
  482
  503
  524
  548
  572
  598
  625
  653
  683
  715
  748
  783
  820
  859
  900
Change in working capital, $m
  28
  32
  37
  42
  46
  51
  55
  60
  64
  69
  74
  79
  84
  89
  94
  100
  106
  112
  118
  125
  132
  139
  147
  154
  163
  171
  180
  190
  200
  210
Cash from operations, $m
  279
  280
  283
  287
  292
  297
  304
  311
  319
  328
  321
  331
  343
  355
  368
  382
  397
  412
  429
  447
  466
  486
  507
  529
  552
  577
  603
  631
  660
  690
Maintenance CAPEX, $m
  -166
  -169
  -173
  -177
  -182
  -188
  -194
  -201
  -208
  -215
  -224
  -233
  -242
  -252
  -263
  -274
  -286
  -299
  -312
  -326
  -341
  -357
  -374
  -392
  -410
  -430
  -450
  -472
  -495
  -519
New CAPEX, $m
  -36
  -39
  -44
  -50
  -55
  -61
  -66
  -72
  -77
  -83
  -88
  -94
  -101
  -107
  -113
  -120
  -127
  -134
  -142
  -150
  -158
  -167
  -176
  -185
  -195
  -206
  -216
  -228
  -240
  -252
Cash from investing activities, $m
  -202
  -208
  -217
  -227
  -237
  -249
  -260
  -273
  -285
  -298
  -312
  -327
  -343
  -359
  -376
  -394
  -413
  -433
  -454
  -476
  -499
  -524
  -550
  -577
  -605
  -636
  -666
  -700
  -735
  -771
Free cash flow, $m
  77
  72
  66
  60
  54
  49
  43
  39
  34
  29
  9
  4
  0
  -4
  -8
  -12
  -17
  -21
  -25
  -30
  -34
  -39
  -43
  -48
  -53
  -58
  -63
  -69
  -75
  -80
Issuance/(repayment) of debt, $m
  61
  71
  81
  91
  101
  111
  121
  131
  141
  151
  162
  173
  184
  195
  207
  220
  233
  246
  260
  274
  289
  305
  322
  339
  357
  376
  396
  416
  438
  461
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  61
  71
  81
  91
  101
  111
  121
  131
  141
  151
  162
  173
  184
  195
  207
  220
  233
  246
  260
  274
  289
  305
  322
  339
  357
  376
  396
  416
  438
  461
Total cash flow (excl. dividends), $m
  138
  144
  147
  151
  155
  160
  164
  169
  175
  181
  171
  177
  184
  191
  199
  207
  216
  225
  235
  245
  255
  267
  278
  291
  304
  318
  332
  348
  364
  380
Retained Cash Flow (-), $m
  -15
  -18
  -21
  -24
  -26
  -29
  -31
  -34
  -37
  -39
  -42
  -45
  -48
  -51
  -54
  -57
  -60
  -64
  -67
  -71
  -75
  -79
  -83
  -88
  -93
  -98
  -103
  -108
  -114
  -120
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  10
  10
  10
  11
  11
  11
  12
  12
  12
  13
  13
  14
  14
  15
  16
  16
  17
  18
  19
  19
  20
  21
  22
  23
  24
  26
  27
  28
  29
  31
Cash available for distribution, $m
  123
  125
  126
  127
  129
  131
  133
  135
  138
  141
  129
  132
  136
  141
  145
  150
  156
  161
  167
  174
  180
  187
  195
  203
  211
  220
  230
  239
  250
  261
Discount rate, %
  11.40
  11.97
  12.57
  13.20
  13.86
  14.55
  15.28
  16.04
  16.84
  17.69
  18.57
  19.50
  20.47
  21.50
  22.57
  23.70
  24.88
  26.13
  27.44
  28.81
  30.25
  31.76
  33.35
  35.02
  36.77
  38.60
  40.53
  42.56
  44.69
  46.92
PV of cash for distribution, $m
  111
  100
  88
  78
  67
  58
  49
  41
  34
  28
  20
  16
  12
  9
  7
  5
  4
  2
  2
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Sonic Automotive, Inc. is an automotive retailer in the United States. The Company's operating segments include Franchised Dealerships and EchoPark. Its Franchised Dealerships segment consists of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle repair and maintenance services, and arrange finance and insurance products. The EchoPark segment consists of standalone specialty retail locations that provide customers an opportunity to search, buy, service, finance and sell pre-owned vehicles. Its franchised dealerships provide 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), and arrangement of extended warranties, service contracts, financing, insurance and other aftermarket products (collectively, F&I) for its customers.

FINANCIAL RATIOS  of  Sonic Automotive Cl A (SAH)

Valuation Ratios
P/E Ratio 8.7
Price to Sales 0.1
Price to Book 1.1
Price to Tangible Book
Price to Cash Flow 3.8
Price to Free Cash Flow 81.2
Growth Rates
Sales Growth Rate 1.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 19.1%
Cap. Spend. - 3 Yr. Gr. Rate 5.4%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 115.9%
Total Debt to Equity 332.3%
Interest Coverage 3
Management Effectiveness
Return On Assets 3.9%
Ret/ On Assets - 3 Yr. Avg. 4.1%
Return On Total Capital 3%
Ret/ On T. Cap. - 3 Yr. Avg. 3.2%
Return On Equity 12.8%
Return On Equity - 3 Yr. Avg. 13.4%
Asset Turnover 2.7
Profitability Ratios
Gross Margin 14.7%
Gross Margin - 3 Yr. Avg. 14.7%
EBITDA Margin 3.2%
EBITDA Margin - 3 Yr. Avg. 3.1%
Operating Margin 2.4%
Oper. Margin - 3 Yr. Avg. 2.4%
Pre-Tax Margin 1.6%
Pre-Tax Margin - 3 Yr. Avg. 1.6%
Net Profit Margin 1%
Net Profit Margin - 3 Yr. Avg. 1%
Effective Tax Rate 38.7%
Eff/ Tax Rate - 3 Yr. Avg. 39%
Payout Ratio 9.7%

SAH stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SAH stock intrinsic value calculation we used $9867 million for the last fiscal year's total revenue generated by Sonic Automotive Cl A. The default revenue input number comes from 2017 income statement of Sonic Automotive Cl A. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our SAH stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 11.4%, whose default value for SAH is calculated based on our internal credit rating of Sonic Automotive Cl A, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Sonic Automotive Cl A.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of SAH stock the variable cost ratio is equal to 97.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for SAH stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Sonic Automotive Cl A.

Corporate tax rate of 27% is the nominal tax rate for Sonic Automotive Cl A. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the SAH stock is equal to 0.1%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for SAH are equal to 16.8%.

Life of production assets of 10 years is the average useful life of capital assets used in Sonic Automotive Cl A operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for SAH is equal to 14%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $787 million for Sonic Automotive Cl A - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 44 million for Sonic Automotive Cl A is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Sonic Automotive Cl A at the current share price and the inputted number of shares is $0.8 billion.

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COMPANY NEWS

▶ 5 Retail Stocks to Take Center Stage as Sales Pop Up Again   [Jul-20-18 12:56PM  InvestorPlace]
▶ After-hours buzz: SAH, CSX & more   [Jul-17-18 05:49PM  CNBC]
▶ At US$023.35, Is Sonic Automotive Inc (NYSE:SAH) A Buy?   [Jun-26-18 12:03PM  Simply Wall St.]
▶ Leslie Doggett Buys Lone Star Ford   [May-03-18 03:32PM  PR Newswire]
▶ Houston private co. buys Ford dealership from Sonic Automotive   [May-02-18 09:06AM  American City Business Journals]
▶ Sonic Automotive: 1Q Earnings Snapshot   [09:09AM  Associated Press]
▶ New Strong Buy Stocks for March 1st   [Mar-01-18 10:35AM  Zacks]
▶ Sonic Automotive touts record sales, eyes EchoPark openings in Charlotte   [Feb-27-18 04:30PM  American City Business Journals]
▶ Sonic Automotive beats 4Q profit forecasts   [10:06AM  Associated Press]
▶ What Is Sonic Automotive Incs (NYSE:SAH) Share Price Doing?   [Dec-21-17 04:25PM  Simply Wall St.]
▶ Sonic Automotive closes on Independence Boulevard site for used-car concept   [Nov-03-17 02:40PM  American City Business Journals]
▶ Sonic Automotive sees quick sales rebound in hurricane-ravaged markets   [Oct-24-17 04:55PM  American City Business Journals]
▶ Sonic Automotive meets 3Q profit forecasts   [07:47AM  Associated Press]
▶ Harvey and Irma to deal blow to Sonics Q3 earnings   [Oct-12-17 11:10AM  American City Business Journals]
▶ Sonic Automotive, Inc. -- Hurricane And Earnings Update   [Oct-11-17 04:30PM  PR Newswire]
▶ Why Sonic Automotive Inc (SAH) Could Be A Buy   [Sep-22-17 09:11PM  Simply Wall St.]
▶ New Strong Sell Stocks for August 18 (Revised)   [Aug-23-17 08:54AM  Zacks]
▶ New Strong Sell Stocks for August 18th   [Aug-18-17 09:29AM  Zacks]
▶ Sonic Automotive misses 2Q profit forecasts   [Jul-28-17 10:50PM  Associated Press]
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