Group 1 Automotive 2nd-qtr profit rises


July 26 (Reuters) - Group 1 Automotive Inc, one of the largest U.S. retail auto dealer groups, posted a rise in quarterly profit on higher sales of new vehicles. Net income in the second quarter rose to $28.6 million, or $1.20 per share, from $24.7 million, or $1.03 per share, a year earlier. Excluding items, it earned $1.25 per share. Total revenue jumped 29 percent to $1.90 billion, as revenue from new vehicles rose by a third to $1.08 billion. ...

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