Sonic Automotive Inc. (NYSE:SAH)’s share price traded down 1.7% on Tuesday . The stock traded as low as $18.45 and last traded at $18.87, with a volume of 162,171 shares trading hands. The stock had previously closed at $19.19.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Sonic Automotive from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Jefferies Group started coverage on shares of Sonic Automotive in a report on Monday, April 11th. They issued a “hold” rating and a $18.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.75.

The stock has a market cap of $865.04 million and a PE ratio of 10.81. The company has a 50-day moving average price of $17.70 and a 200 day moving average price of $17.75.

Sonic Automotive (NYSE:SAH) last issued its earnings results on Tuesday, July 26th. The company reported $0.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.50. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.48 billion. Sonic Automotive’s quarterly revenue was down 1.7% on a year-over-year basis. Equities research analysts expect that Sonic Automotive Inc. will post $2.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.06%.

Several institutional investors recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Sonic Automotive by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,581,396 shares of the company’s stock valued at $58,753,000 after buying an additional 191,591 shares in the last quarter. Morgan Stanley increased its position in Sonic Automotive by 3.2% in the fourth quarter. Morgan Stanley now owns 571,049 shares of the company’s stock valued at $12,997,000 after buying an additional 17,663 shares in the last quarter. Nationwide Fund Advisors increased its position in Sonic Automotive by 239.4% in the fourth quarter. Nationwide Fund Advisors now owns 87,240 shares of the company’s stock valued at $1,986,000 after buying an additional 61,536 shares in the last quarter. Rhumbline Advisers increased its position in Sonic Automotive by 3.4% in the fourth quarter. Rhumbline Advisers now owns 70,526 shares of the company’s stock valued at $1,605,000 after buying an additional 2,325 shares in the last quarter. Finally, Suntrust Banks Inc. increased its position in Sonic Automotive by 3.1% in the fourth quarter. Suntrust Banks Inc. now owns 64,288 shares of the company’s stock valued at $1,462,000 after buying an additional 1,948 shares in the last quarter.

Sonic Automotive, Inc is an automotive retailer in the United States. The Company’s operating segments include Franchised Dealerships and EchoPark. The Company’s Franchised Dealerships segment consists of traditional retail automotive franchises that sell new and used vehicles, replacement parts and vehicle repair and maintenance services, and finance and insurance products.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.