UPDATE 3-Asbury, Group 1 shares climb after earnings

Newswire

(Recasts lead with share price, changes throughout, updates stock price) By Michael Ellis DETROIT, July 31 (Reuters) - Shares of auto dealerships Asbury Automotive Group Inc. and Group 1 Automotive Inc. rose on Thursday after both companies reported earnings above Wall Street estimates. Asbury's second-quarter net earnings fell about 4 percent due to the costs of closing some used car operations, including its pilot project to sell vehicles at Wal-Mart Stores Inc. parking lots. ...

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