Sonic Automotive director Paul Rusnak purchases $67,028 in shares

On October 6, 2026, Paul P. Rusnak, a director at Sonic Automotive Inc. (NYSE:SAH), purchased 1,119 shares of the company's common stock for a total sum of $67,028. The shares were bought at a price of $59.90 each. This acquisition increased Mr. Rusnak's direct beneficial ownership of Sonic Automotive shares to 5,150,520. Sonic Automotive's stock is currently trading with a P/E ratio of 9.63, which, according to InvestingPro analysis, is considered undervalued compared to its Fair Value.

The company has been actively buying back shares, maintaining a dividend yield of 2.69%. Investors can delve deeper into Sonic Automotive's valuation and explore 11 ProTips through the Pro Research Report, available for this and 1,400+ other US equities. Recently, Sonic Automotive reported its second-quarter 2026 financial results, exceeding Wall Street expectations by delivering adjusted earnings of $1.82 per share and revenue of $3.9 billion.

However, the company expressed concerns about margins and affordability, which may have influenced investor sentiment. Needham has raised its price target for Sonic Automotive shares from $90 to $139, maintaining a Buy rating. This revised target, based on an increased valuation multiple for the company's franchise dealership business, corresponds to a $9.5 billion enterprise value.

Sonic Automotive's franchise dealership business accounts for $8.4 billion, and EchoPark contributes $1.2 billion. These recent developments underscore the ongoing interest and analysis of financial firms in Sonic Automotive's performance and valuation.