UPDATE 2-Group 1 Automotive profit tops estimates

Newswire

* Q1 shr $0.44 vs $0.42 estimate * Revenue up 16.8 percent, same-store sales rose 17.4 pct * Strong March helps boost profit, revenue (Adds CEO comment, details on acquisitions, March sales) DETROIT, April 27 (Reuters) - Group 1 Automotive Inc , the No. 4 U.S dealership group, posted a quarterly profit that beat Wall Street estimates as auto sales rebounded from last year's slide. First-quarter net profit fell to $8 million, or 34 cents a share, from $8.4 million, or 37 cents a ...

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