BofA lowers target for Sonic Automotive stock to USD 98.00

On October 16, 2026, Markets Insider reported that BofA lowered its target for Sonic Automotive to USD 98.00 from USD 115.00 and kept a Buy rating. The new target is 54.06 percent above the USD 63.61 NYSE price from the same completed session. Sonic Automotive stock last traded at USD 63.61 on October 16, 2026 at 4:00 p.m. ET, up 0.16 percent versus its prior close of USD 63.51.

Results date is October 29, 2026

Sonic Automotive scheduled the release of fiscal third-quarter 2026 results for October 29, 2026, before the market opens, with a conference call at 11:00 a.m. ET. The date gives investors the next fixed checkpoint after the latest target revision.

Price sits below yearly high

The USD 63.61 NYSE price stood USD 50.06 below the 52-week high of USD 113.67 and USD 9.50 above the 52-week low of USD 54.11 on October 16, 2026. The distance below the high was 44.04 percent, while the stock finished the session with 316,409 shares traded against an average volume of 307,234 shares.

Valuation and trading comparison

Sonic Automotive had a market capitalization of USD 2.0 billion and a P/E ratio of 10.10 on October 16, 2026. Its valuation sat below Penske Automotive Group's P/E ratio of 15.64 but above AutoNation's 7.49 on the same date.

Comparison with peers

SAH (NYSE, USD): plus 0.16 percent, P/E 10.10, market capitalization USD 2.0 billion.
AutoNation (NYSE, USD): plus 1.21 percent, P/E 7.49, market capitalization USD 5.3 billion.
Penske Automotive Group (NYSE, USD): plus 0.20 percent, P/E 15.64, market capitalization USD 13.9 billion.

Next checkpoint for the stock

The October 29, 2026 results will put the latest analyst caution against Sonic Automotive's operating figures. For now, the stock trades well below its 52-week high, while its P/E ratio remains between the two selected dealership peers.

The last NYSE quote was USD 63.61 on October 16, 2026 at 4:00 p.m. ET, up 0.16 percent versus USD 63.51 at the prior close.