Sonic Automotive (SAH) Jumps: Stock Rises 9.8%
Sonic Automotive, Inc. SAH was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $35.03 to $42.97 in the past one-month time frame.
The company has seen three positive estimate revisions in the past month, while its Zacks Consensus Estimate for the current quarter has also moved higher in the same time frame, suggesting that more solid trading could be ahead for Sonic Automotive. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Sonic Automotive currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Sonic Automotive, Inc. Price
Sonic Automotive, Inc. price | Sonic Automotive, Inc. Quote
Another stock worth considering in the Automotive – Retail and Whole Sales industry is Group 1 Automotive, Inc. GPI which carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
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