Sonic Automotive is an automotive retailer. Co.'s segments are: Franchised Dealerships, which provides a range of services, including: sales of both new and used cars and light trucks; sales of replacement parts and performance of vehicle maintenance, manufacturer warranty repairs, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance and other aftermarket products for its guests; and EchoPark, which sells used cars and light trucks and arranges F&I product sales for its guests in pre-owned vehicle specialty retail locations. Co.'s EchoPark business generally operates independently from its franchised dealerships business. We show 56 historical shares outstanding datapoints in our SAH shares outstanding history coverage, used to compute SAH market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SAH market cap history over the course of time is important for investors
interested in comparing SAH's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SAH versus a peer is one thing; comparing
SAH market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SAH can fluctuate over the course of history.
With this page we aim to empower investors researching SAH by allowing them to research the SAH market cap history. |
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Video: The Importance of Market Cap
