Group 1 earnings rise on strong vehicle sales

Newswire

DETROIT, July 31 (Reuters) - Auto dealer Group 1 Automotive Inc. on Thursday reported stronger second-quarter earnings due to higher sales of new and used vehicles. The Houston-based company said earnings rose to $20.0 million, or 86 cents per share, from $19.1 million, or 78 cents per share, a year earlier. Wall Street per-share earnings estimates had ranged between 75 cents and 82 cents, with an average of 78 cents, according to a survey of five analysts by Reuters Research, a unit of ...

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