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Stock Market & Financial Investment News

News Breaks
June 20, 2014
06:57 EDTSAHSonic Automotive downgraded at Goldman
As previously reported, Goldman downgraded Sonic Automotive to Sell from Neutral. The firm downgraded shares due to limited M&A potential given high leverage and constrained operating margins from the One Sonic and pre-owned initiatives. Price target lowered to $22 from $23.
News For SAH From The Last 14 Days
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July 29, 2015
14:06 EDTSAHTrueCar, Sonic Automotive reach settlement in trademark dispute
TrueCar (TRUE) and Sonic Automotive (SAH) jointly announced that they have reached a settlement in TrueCar’s lawsuit pending in the United States District Court in Los Angeles. In the litigation, TrueCar established its sole and exclusive rights to its TRUECAR trademark and TRUE family of trademarks and Sonic has agreed to transfer to TrueCar all rights to and use of its TRUE PRICE, TRUE VIEW and all other TRUE-related marks.
July 27, 2015
07:33 EDTSAHSonic Automotive appoints Scott Smith as CEO
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July 22, 2015
10:01 EDTSAHOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Entertainment (AMC) upgraded to Buy at MKM Partners... Agnico Eagle (AEM) upgraded to Buy from Hold at HSBC... Allegiant Travel (ALGT) upgraded to Outperform from Market Perform at Raymond James... Amazon.com (AMZN) upgraded on positive outlook at JMP Securities... Bank of Ireland (IRE) upgraded to Buy from Neutral at Nomura... Canadian Pacific (CP) upgraded to Buy at Canaccord... Carrizo Oil & Gas (CRZO) upgraded to Outperform from Neutral at Credit Suisse... Concho Resources (CXO) upgraded to Outperform from Neutral at Credit Suisse... Crown Castle (CCI) upgraded to Buy from Neutral at Citi... Exxon Mobil (XOM) upgraded to Conviction Buy from Buy at Goldman... Fidelity & Guaranty Life (FGL) upgraded to Outperform from Neutral at Macquarie... First Interstate (FIBK) upgraded to Buy from Hold at Sandler O'Neill... Hess Corp. (HES) upgraded to Outperform from Neutral at Credit Suisse... Intuitive Surgical (ISRG) upgraded to Buy at Canaccord... J.C. Penney (JCP) upgraded to Buy from Neutral at Buckingham... Murphy Oil (MUR) upgraded to Neutral from Underperform at Credit Suisse... Noble Energy (NBL) upgraded to Outperform at Credit Suisse... Packaging Corp. (PKG) upgraded to Outperform from Market Perform at BMO Capital... Prologis (PLD) upgraded to Outperform from Neutral at Baird... Signature Bank (SBNY) upgraded to Strong Buy from Outperform at Raymond James... Sonic Automotive (SAH) upgraded to Buy from Neutral at BofA/Merrill... Tate & Lyle (TATYY) upgraded to Neutral from Sell at Goldman... Technip (TKPPY) upgraded to Neutral from Sell at Goldman... Union Bankshares (UBSH) upgraded to Buy from Neutral at Compass Point... Yamana Gold (AUY) upgraded to Buy from Hold at HSBC... Yara (YARIY) upgraded to Neutral from Underweight at JPMorgan.
07:25 EDTSAHSonic Automotive upgraded to Neutral at BofA/Merrill
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06:39 EDTSAHSonic Automotive upgraded to Buy from Neutral at BofA/Merrill
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July 20, 2015
10:13 EDTSAHSonic Automotive reaffirms FY15 adjusted EPS $1.85-$1.95, consensus $1.91
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10:12 EDTSAHSonic Automotive says EchoPark continues to exceed internal budget
10:07 EDTSAHSonic Automotive continues to be 'active' in the acquisition market
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09:39 EDTSAHSonic Automotive sees FY15 CapEx $103.5M
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09:39 EDTSAHSonic Automotive reports Q2 EchoPark EPS (5c), revenue $21M
Expects growth plans in EchoPark to accelerate in latter half of the year. Comments taken from slides for Q2 earnings conference call.
07:35 EDTSAHSonic Automotive reports Q2 total new vehicle revenue $1.30B
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07:32 EDTSAHSonic Automotive reports Q2 total gross profit up 2.5% to $355.6M
07:32 EDTSAHSonic Automotive reports Q2 adjusted EPS 46c, consensus 47c
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