After A 300% Rally, Sonic Automotive’s Stock Looks Expensive
- Wednesday, September 16, 2020, 7:24
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Sonic Automotive’s stock has rallied nearly 315% since late March (vs. about 49% for the S&P 500) to its current level around $41. This is after falling to levels of $10 in late March, as a rapid increase in the number of Covid-19 cases outside China spooked investors, and resulted in heightened…
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