UPDATE 1-Booming new car sales boost Group 1 profit

Newswire

* Q2 EPS $1.25 vs est $1.16 * Q2 rev $1.90 bln vs est $1.76 bln * Rev from new vehicles rises 33 pct to $1.08 bln July 26 (Reuters) - Booming new car sales helped Group 1 Automotive, one of the largest U.S. retail auto dealers, top analysts profit forecasts for the ninth quarter in a row. Auto dealers in the United States have benefited as lower gas prices tempt people to buy more cars. Group 1's results follow a strong result for ...

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