Sonic Automotive Rises On Unusually High Volume (SAH)

NEW YORK ( TheStreet) -- Sonic Automotive (NYSE: SAH) is trading at unusually high volume Tuesday with 2.7 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.33 (+10.9%) at $13.49 as of 3:25 p.m. ET.

Sonic Automotive has a market cap of $574.4 million and is part of the services sector and specialty retail industry. Shares are down 5.7% year to date as of the close of trading on Monday.

Sonic Automotive, Inc. operates as an automotive retailer in the United States. The company has a P/E ratio of 10.2, equal to the average specialty retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sonic Automotive as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in net income, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Sonic Automotive Ratings Report.

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