6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-24), Sonic Automotive's 6-1 Month Momentum % is 18.97%.
The industry rank for Sonic Automotive's 6-1 Month Momentum % or its related term are showing as below:
SAH's 6-1 Month Momentum % is ranked better than 71.96% of 1298
companies
in the Vehicles & Parts industry
Industry Median: 4.46
vs SAH: 18.97
Competitive Comparison
For the Auto & Truck Dealerships subindustry, Sonic Automotive's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % 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 6-1 Month Momentum % Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Sonic Automotive's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Sonic Automotive's 6-1 Month Momentum % falls into.
Sonic Automotive (NYSE:SAH) 6-1 Month Momentum % Calculation
6-1 Month Momentum % is calculated as following:
6-1 Month Momentum %
=
( Price 1-month ago
/
Price 6-month ago
- 1 )
*
100 %
* 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) 6-1 Month Momentum % Explanation
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Sonic Automotive 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Sonic Automotive's 6-1 Month Momentum % 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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