Sonic Automotive, Inc. (NYSE: SAH) is listed among the 15 Dividend Growth Stocks with the Highest Growth Rates. Needham trimmed Sonic Automotive’s price target to $90 while maintaining a Buy rating, citing strong franchise segment results but tempered performance in the EchoPark division due to market volatility.

Despite short-term challenges, Needham remains bullish on Sonic Automotive’s long-term prospects, highlighting its premium brand presence and unique EchoPark model supporting sustained unit growth. Sonic Automotive has maintained a stable cash position, resulting in dividend growth with a 29% growth rate over five years, offering a 2.44% dividend yield as of October 30.

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Read more at Yahoo Finance: Needham Trims Price Target on Sonic Automotive (SAH); Maintains Bullish Outlook on Long-Term Growth