Morningstar - Sonic Automotive Inc. Class A (SAH) Sonics Third Quarter Shows Impact of Weak Energy Markets and Near-Term BMW Issues

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Morningstar

David Whiston, CFA, CPA, CFE

EUR 147.86 For Business Accounts Only

Sonic's Third Quarter Shows Impact of Weak Energy Markets and Near-Term BMW Issues

We are not changing our moat rating or fair value estimate on auto dealer Sonic Automotive despite soft third quarter results that missed consensus by $0.07 per share. Adjusted diluted earnings per share from continuing operations came in at $0.47, down from $0.53 in the prior yearâ€™s quarter. Guidance for third quarter had been a range of $0.52-$0.54.
The company faced several headwinds such as stop-sale orders on some used inventory due to Takata airbags. Total stop-sale inventory is down to 2...

01/11/2016 12 EN

Underlying

Sonic Automotive Inc. Class A

Sonic Automotive is an automotive retailer in the United States. The company has two reportable segments: the Franchised Dealerships Segment and the EchoPark Segment. The Franchised Dealerships segment is comprised of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle maintenance, warranty and repair services, and arrange finance and insurance products. The EchoPark segment is comprised of pre-owned vehicle retail locations that provide customers an opportunity to search the company's nationwide inventory, purchase a pre-owned vehicle, select finance and insurance products and sell their vehicle to the company

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US83545G1022 New York Stock Exchange United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

David Whiston, CFA, CPA, CFE

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Sonic's Third Quarter Shows Impact of Weak Energy Markets and Near-Term BMW Issues

Moody's Ratings announces completion of a periodic review of ratings of Sonic Automotive, Inc.

Sonic Automotive Inc: 1 director

Vermilion Compass: Weekly Equity Strategy

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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