A number of research firms have changed their ratings and price targets for Sonic Automotive (NYSE: SAH):
- 10/8/2026 – Sonic Automotive was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
- 10/7/2026 – Sonic Automotive had its price target lowered by UBS Group AG from $107.00 to $74.00. They now have a “buy” rating on the stock.
- 10/6/2026 – Sonic Automotive had its price target lowered by Barclays PLC from $87.00 to $75.00. They now have an “equal weight” rating on the stock.
- 10/6/2026 – Sonic Automotive had its price target lowered by JPMorgan Chase & Co. from $72.00 to $64.00. They now have an “underweight” rating on the stock.
- 10/5/2026 – Sonic Automotive had its price target lowered by Morgan Stanley from $72.00 to $57.00. They now have an “underweight” rating on the stock.
- 9/16/2026 – Sonic Automotive was downgraded by Weiss Ratings from “buy (b-)” to “hold (c+)”.
- 8/19/2026 – Sonic Automotive had its price target lowered by Barclays PLC from $92.00 to $87.00. They now have an “equal weight” rating on the stock.
Sonic Automotive Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.7%. Sonic Automotive’s dividend payout ratio (DPR) is presently 26.16%.
Insider Activity
In other news, major shareholder Paul P. Rusnak bought 13,701 shares of Sonic Automotive stock in a transaction dated Wednesday, October 7th. The shares were purchased at an average cost of $59.78 per share, with a total value of $819,045.78. Following the completion of the acquisition, the insider owned 5,164,221 shares of the company’s stock, valued at $308,717,131.38. This trade represents a 0.27% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 64,221 shares of company stock valued at $3,832,650 over the last quarter. Insiders own 43.68% of the company’s stock.
Sonic Automotive, Inc is an automotive retailer headquartered in Charlotte, North Carolina. The company operates franchised dealerships that sell new and used cars and light trucks from a range of manufacturers, along with related automotive products and services.
Its dealership operations provide vehicle financing and insurance products, parts and maintenance services, collision repair, and other after-sales support. Sonic Automotive also operates EchoPark Automotive, a used-vehicle retail business focused on providing a broad selection of pre-owned vehicles and related services.
Founded in 1997 by automotive entrepreneur O.
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