Franchise Car Retailer Stocks Still Look Cheap Despite Strong Year -- Market Talk

Dow Jones11-22 23:37

1037 ET - The stocks of Sonic Automotive and other franchise auto retailers have been looking inexpensive even after solid gains this year, Seaport Research Partners says in a research note. Analyst Glenn Chin thinks the group's price-to-earnings multiple is low, even by historical standards, and deserves a boost as profitability and cash flow have improved. Seaport upgrades Sonic to a buy rating. Sonic rises 4.1% to $65.77. Chin also increases the price targets for AutoNation, Group 1 Automotive, Lithia Motors and Penske Automotive Group. Each of these four stocks are up between 1% and 2.5%. (dean.seal@wsj.com)

(END) Dow Jones Newswires

November 22, 2024 10:37 ET (15:37 GMT)

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Chin also increases the price targets for AutoNation, Group 1 Automotive, Lithia Motors and Penske Automotive Group. Each of these four stocks are up between 1% and 2.5%. 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Analyst ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SAH","symbol_name":"索尼克汽车","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485674052","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485674052","pubTimestamp":1732289820,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1037 ET - The stocks of Sonic Automotive and other franchise auto retailers have been looking inexpensive even after solid gains this year, Seaport Research Partners says in a research note. 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