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Sonic Automotive (SAH) has 1 split in our SAH split history database. The split for SAH took place on January 26, 1999. This was a 2 for 1 split, meaning for each share of SAH owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Sonic Automotive splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the SAH split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Sonic Automotive shares, starting with a $10,000 purchase of SAH, presented on a split-history-adjusted basis factoring in the complete SAH split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||0.02%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||0.58%|
|About Sonic Automotive|
|Sonic Automotive is an automotive retailer in the United States. Co. has two reportable segments: the Franchised Dealerships Segment and the EchoPark Segment. The Franchised Dealerships segment is comprised of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle maintenance, warranty and repair services, and arrange finance and insurance products. The EchoPark segment is comprised of pre-owned vehicle retail locations that provide customers an opportunity to search Co.'s nationwide inventory, purchase a pre-owned vehicle, select finance and insurance products and sell their vehicle to Co. According to our SAH split history records, Sonic Automotive has had 1 split.|
|SAH Split History Table|
|01/26/1999||2 for 1|
|Services Stock Splits|
|SAH is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: SAH shares outstanding history