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Newswire

UnitedAuto quarterly profit nearly flat

DETROIT, Oct 25 (Reuters) - Car dealership UnitedAuto Group Inc. on Tuesday said third-quarter earnings rose 1 percent, supported by growth in higher margin service and parts departments.

Earnings rose to $32.8 million, or 70 cents per share, from $32.4 million, or 70 cents a share, a year earlier, Bloomfield Hills, Michigan-based UnitedAuto said.

Analysts, on average, expected UnitedAuto to earn 69 cents per share, according to Reuters Estimates.