Day: October 11, 2021

Is Sonic’s (SAH) EchoPark Unit the Sole Driver of the Stock?

Sonic Automotive’s SAH shares have rallied 23.2% over the past three months, outperforming the industry’s growth of 13.4%. The auto sector and S&P 500 declined 0.9% and 1%, respectively, in the same time frame. One of the leading automotive retailers in the United States, Sonic sports a Zacks Rank #1 (Strong Buy) and a VGM Score of A. Amid the rising demand for cars due to preference for personal mobility and economic growth, it looks well poised to maintain its bull run on the bourses. You can see the complete list of today’s Zacks #1 Rank stocks here.

Three-Month Performance

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EchoPark: The Major Growth Engine of Sonic

Sonic’s EchoPark business, which operates independently from the franchised dealerships business, sells used cars and light trucks as well as arranges finance & insurance product sales for customers in

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The 24 best new cars to buy right now

We probably don’t need to explain why this year’s crop of cars is a little smaller than usual. Sure, we’ve had a number of exciting new launches – some of which will be covered in the next few pages – but the annual car harvest is a bit more compact than it was a couple of years ago, with manufacturers carefully prioritising product releases and manufacturing capacity. The pandemic, natural disasters, political upheaval and widespread supply-chain disruption have disproportionately impacted on the car industry, which was already facing considerable headwinds.

But, somehow, it doesn’t feel like there’s any real shortage of new cars to be excited by. Those that are coming on sale in this uncertain post‑lockdown world are still phenomenally impressive, the world’s automotive engineers still designing and building machines that would have been unthinkable 10 years ago.

The Hyundai Ioniq 5 looks like something from a sci-fi comic

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