Texas Permanent School Fund Corp. Sells Shares of Sonic Automotive,
December 11, 2023
☀️Trending News
Texas Permanent School Fund Corp. recently sold the shares of Sonic Automotive ($NYSE:SAH), Inc. Sonic Automotive, Inc. is an automotive retail company in the United States with headquarters located in Charlotte, North Carolina. It is one of the largest automotive retailers in the country and focuses on providing its customers with an integrated and convenient car-buying experience. The company offers a wide selection of new and used vehicles, parts, and service, as well as finance and insurance options. The company’s stock is listed on the New York Stock Exchange under the ticker symbol SAH.
Price History
Following the announcement, the stock opened at $52.0 and closed at $52.2, down by 1.0% from the previous closing price of $52.7. This marks a significant decrease in the company’s stock value, likely due to the impact of the sale of shares by Texas Permanent School Fund Corp. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sonic Automotive. More…
| Total Revenues | Net Income | Net Margin |
| 14.38k | -51.4 | 1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sonic Automotive. More…
| Operations | Investing | Financing |
| -135.1 | -195 | 225.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sonic Automotive. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.05k | 4.19k | 25.3 |
Key Ratios Snapshot
Some of the financial key ratios for Sonic Automotive are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.0% | 22.3% | 1.2% |
| FCF Margin | ROE | ROA |
| -2.2% | 12.3% | 2.1% |
Analysis
GoodWhale has conducted an in-depth analysis of SONIC AUTOMOTIVE‘s financial well-being. Based on the Star Chart, SONIC AUTOMOTIVE is classified as a ‘rhino’, which we conclude is a company that has achieved moderate revenue or earnings growth. As such, SONIC AUTOMOTIVE presents an interesting opportunity for investors who are looking for a company with strong assets and dividend performance, but moderate growth and profitability. Our analysis of SONIC AUTOMOTIVE’s financial health reveals that it has an intermediate health score of 6/10 in regards to its cash flows and debt, indicating that it is likely to sustain future operations in times of crisis. Therefore, those investors looking for a steady and secure investment may find SONIC AUTOMOTIVE to be an attractive option. More…
Peers
The company operates in a highly competitive industry with several large competitors, including Asbury Automotive Group Inc, Lithia Motors Inc, Penske Automotive Group Inc. Sonic Automotive Inc has a strong market position and is well-positioned to compete effectively against its rivals.
– Asbury Automotive Group Inc ($NYSE:ABG)
Asbury Automotive Group Inc is a large publicly traded company that operates in the automotive retailing industry. The company has a market capitalization of 3.9 billion as of 2022 and a return on equity of 31.39%. Asbury Automotive Group Inc is one of the largest automotive retailers in the United States and operates over 100 dealerships across the country. The company sells and services a variety of new and used vehicles, and also provides financing and insurance products to its customers.
– Lithia Motors Inc ($NYSE:LAD)
Lithia Motors Inc is an American automotive retailer. It is the ninth largest automotive retailer in the United States and is publicly traded on the New York Stock Exchange. The company operates through three segments: Domestic, Import, and Luxury. Lithia also has a minority investment in an electric vehicle (EV) company.
Lithia’s market cap is 6.48B as of 2022. The company has a Return on Equity of 26.55%. Lithia Motors Inc is an American automotive retailer. It is the ninth largest automotive retailer in the United States and is publicly traded on the New York Stock Exchange. The company operates through three segments: Domestic, Import, and Luxury. Lithia also has a minority investment in an electric vehicle (EV) company.
– Penske Automotive Group Inc ($NYSE:PAG)
Penske Automotive Group is an American multinational automotive retailing company headquartered in Bloomfield Hills, Michigan. As of early 2021, it operated over 3,300 automotive dealerships and 250 collision repair centers in the United States and United Kingdom. Penske Automotive Group is a Fortune 500 company with revenue of $19.6 billion as of 2020. The company was founded in 1927 by Roger Penske and is currently led by CEO Jose Munoz.
Summary
Sonic Automotive Inc. is a leading automotive retailer in the United States. This sale provides an opportunity for investors to evaluate Sonic Automotive from the perspective of a large shareholder. Analyzing public financial statement reveals that Sonic Automotive is in a strong financial position with an increasing amount of revenue and profit. Sonic Automotive is also able to maintain one of the lowest overhead costs in the industry, which translates to higher profit margins.
Furthermore, their strong liquidity position is supported by high amounts of cash and cash equivalents. All these factors provide an attractive investment opportunity for investors looking for long-term returns.
Related Posts
Recent Posts
