Sonic Automotive (SAH) Misses Q3 EPS by 7c; Guides FY16 EPS Below Consensus

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UBS Cuts Price Target on Sonic Automotive (SAH) Following 3Q

November 2, 2016 9:56 AM EDT

UBS maintained a Sell rating on Sonic Automotive (NYSE: SAH), and cut the price target to $16.00 (from $17.00), Following the company's 3Q earnings report. Sales of $2.56bn beat consensus of $2.49bn. However, margins were below estimates across all segments. UBS lowered 2016 EPS estimates from $2.05 to $1.95.... More