DETROIT, Feb 21 (Reuters) - Car dealer Sonic Automotive Inc. on Tuesday said its quarterly earnings rose, boosted by improved margins and reduced costs.
The Charlotte, North Carolina, company said profit from continuing operations was $25.2 million, or 58 cents a share, up from $19.3 million, or 45 cents a share, a year earlier.
Wall Street analysts had expected the company to earn 51 cents a share, according to Reuters Estimates.