Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Sonic Automotive's share price for the quarter that ended in Mar. 2024 was $56.94. Sonic Automotive's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 35 Mil. Therefore, Sonic Automotive's market cap for the quarter that ended in Mar. 2024 was $1,987 Mil.
Sonic Automotive's quarterly market cap
increased
from Sep. 2023 ($1,618 Mil) to Dec. 2023 ($1,909 Mil) and
increased
from Dec. 2023 ($1,909 Mil) to Mar. 2024 ($1,987 Mil).
Sonic Automotive's annual market cap
declined
from Dec. 2021 ($2,014 Mil) to Dec. 2022 ($1,785 Mil) but then
increased
from Dec. 2022 ($1,785 Mil) to Dec. 2023 ($1,909 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Sonic Automotive's Enterprise Value for Today is $5,978 Mil.
Sonic Automotive Market Cap Historical Data
The historical data trend for Sonic Automotive's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Sonic Automotive's Market Cap
For the Auto & Truck Dealerships subindustry, Sonic Automotive's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sonic Automotive's Market Cap Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Sonic Automotive's Market Cap distribution charts can be found below:
* The bar in red indicates where Sonic Automotive's Market Cap falls into.
Sonic Automotive Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Sonic Automotive's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sonic Automotive (NYSE:SAH) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Sonic Automotive Market Cap Related Terms
Thank you for viewing the detailed overview of Sonic Automotive's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Sonic Automotive (Sonic Automotive) Business Description
Sonic Automotive is one of the largest auto dealership groups in the United States. The company has 108 franchised stores in 18 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 18 EchoPark and 7 Northwest Motorsports used-vehicle stores, and 16 collision centers. The company derives revenue from new and used vehicles plus parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 83% of franchise new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute about 56% of new-vehicle revenue. BMW is the largest brand at about 26%. 2022's revenue was $14 billion, with EchoPark's portion totaling $2.5 billion. Sonic bought RFJ Auto in December 2021, which added $3.2 billion in sales.
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