Sonic Automotive (NYSE:SAH) Shares Gap Down on Disappointing Earnings

Sonic Automotive (NYSE:SAH) Shares Gap Down on Disappointing Earnings

Sonic Automotive, Inc. (NYSE:SAH – Get Free Report)’s share price gapped down before the market opened on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $58.28, but opened at $54.11. Sonic Automotive shares last traded at $60.78, with a volume of 130,506 shares traded. The company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The…