Sonic Automotive, Inc.

NYSE: SAH
$27.08
+$1.53 (+6.0%)
Closing price June 2, 2020
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A new set of ratings from Morgan Stanley has put many of the well-established car dealership companies under a dark cloud on an otherwise strong trading day.
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With news that Warren Buffett and Berkshire Hathaway have gotten into the car dealership business, 24/7 Wall St. checks out what this means for the rest of the industry.
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New and used car retailer Sonic Automotive announced Monday morning that it plans to open the first of a chain of used-vehicle stores under the name of EchoPark in Denver later this year.
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GM sold 2.5 million cars in the second quarter, the most since 2005. A new report from Merrill Lynch highlights the car dealerships as having the most upside for investors.
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Jon C. Ogg
The negative fourth-quarter gross domestic product (GDP) reading of -0.1% caught most Wall St. analysts and economists by surprise. This unforeseen number was skewed by a huge decrease in government...
Lee Jackson