UPDATE 2-Asbury earnings hit by Wal-Mart used car stores

Newswire

(Adds Group 1 results, details, byline) By Michael Ellis DETROIT, July 31 (Reuters) - Auto dealer Asbury Automotive Group Inc. on Thursday posted lower second-quarter earnings due to costs of closing some used car operations, including its Wal-Mart pilot project. The Stamford, Connecticut, company said net income fell to $12.3 million, or 38 cents per share, from $12.8 million, or 37 cents per share, a year earlier. The company said earlier this month it would stop selling used cars ...

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