UPDATE 1-UnitedAuto 2nd-quarter profit rises 11 pct

Newswire

(Recasts, add details) DETROIT, July 25 (Reuters) - Car dealership UnitedAuto Group Inc. on Tuesday posted an 11 percent increase in second-quarter profit on stronger service and parts revenues. The Bloomfield Hills, Michigan-based company said earnings rose to $36.8 million, or 39 cents a share, from $33.2 million, or 35 cents a share, a year earlier. Wall Street analysts expected the company to earn 38 cents per share. Revenue jumped 11.8 percent to $2.9 billion, driven by 2.9 ...

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