Sonic Automotive (SAH) Soars 2.08% on Bullish Analyst Ratings

Sonic Automotive (SAH) shares surged 2.08% today, marking the second consecutive day of gains, with a total increase of 3.57% over the past two days. The stock price reached its highest level since February 2025, with an intraday gain of 2.49%.

The strategy of buying SAH shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years. The annualized total return was 7.5%, with a 7.5% gain in the stock price and a 0.5% dividend yield. This approach provided a stable return, although the overall performance was somewhat conservative. It outperformed the market slightly, with the S&P 500 yielding 6.5% over the same period.

Analysts have shown a positive outlook on Sonic Automotive, with J.P. Morgan analyst Rajat Gupta CFA maintaining a buy rating and adjusting the target price from $74 to $80. This adjustment reflects a bullish sentiment towards the company's future prospects, which could influence investor decisions and drive stock price appreciation.

Additionally, Needham has raised its price target for Sonic Automotive to $100.00 per share from $74.00. This significant increase in the price target indicates a strong belief in the company's potential for growth and profitability, which may attract more investors and further boost the stock price.

Sonic Automotive has also been recognized as one of the best consumer cyclical stocks to buy in 2025. This inclusion in such a list can generate increased investor interest and positively impact the stock price, as it highlights the company's strong position within its industry and potential for future success.