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SAH's diversification, Powersports gains and EchoPark growth support the stock, but leverage and affordability pressures weigh.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Sonic Automotive (SAH) have what it takes?
Newsweek's 2026 Most Trustworthy Company Honoree Strengthens Sonic's Northern California Presence and Expands Its Porsche Portfolio to Six Dealerships CHARLOTTE, N.C., Aug. 27, 2026 /PRNewswire/ -- Sonic Automotive, Inc. (NYSE: SAH), one of the nation's largest automotive and powersports retailers and a recipient of Newsweek's 2026 Most Trustworthy Companies in America recognition, today announced the acquisition of Porsche Walnut Creek, further expanding its presence in the Bay Area market.
Sonic Automotive Expands Luxury Portfolio with Acquisition of Porsche Walnut Creek PR Newswire CHARLOTTE, N.C., Au
WALNUT CREEK, Calif.--(BUSINESS WIRE)-- #AutoDealers--The Presidio Group LLC ("Presidio"), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Fletcher Jones Automotive Group ("Fletcher Jones") on the sale of Porsche Walnut Creek in Walnut Creek, Calif., and its related real estate, to Sonic Automotive, Inc. ("Sonic") (NYSE: SAH). The transaction closed on August 25. With the trans.
Bank of America Corp DE trimmed its position in shares of Sonic Automotive, Inc. (NYSE: SAH) by 12.1% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,291 shares of the company's stock after selling 17,888 shares during
Sonic is now a $2.5 billion (by market cap) major dealership player employing more than 10,000 people. Sonic has increased its dividend for 11 consecutive years. Its 10-year dividend growth rate is 30.5%, which is obviously incredible and one of the highest I've yet come across. SAH has a tenuous financial position. Its long-term debt/equity ratio is 1.8, while the interest coverage ratio is approximately 2.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Sonic Automotive (SAH) have what it takes?