UPDATE 2-UnitedAuto posts flat earnings; shares drop

Newswire

(Updates throughout with details, share price) By Justin Hyde DETROIT, July 30 (Reuters) - Auto dealer UnitedAuto Group Inc. reported flat second-quarter earnings on Wednesday despite higher sales, and said it had found and fixed $3.1 million in false revenue from an Arkansas dealership. The news sent shares of the company down 96 cents, or 4.1 percent, to $22.24, in early-afternoon trading on the New York Stock Exchange. So far this year, its shares have soared about 60 percent above ...

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