Auto dealer Group 1 posts quarterly loss


DETROIT, May 4 (Reuters) - Auto dealer Car Group 1 Automotive Inc. on Wednesday posted a first-quarter loss after it took a charge for an accounting change. Group 1 said net loss for the quarter was $1.6 million, or 7 cents a share, compared with a profit of $10.49 million, or 45 cents a share, in the year-earlier quarter. The results include a one-time charge of $16 million, or 67 cents per share. Excluding the effect of the accounting change, Group 1 earned $14.4 million, or 60 cents ...

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