UPDATE 3-Sonic Automotive profit up 39 percent, shares rise

Newswire

(Adds Sonic's closing share price, analyst's comment) By Poornima Gupta DETROIT, Oct 25 (Reuters) - Car dealership Sonic Automotive Inc. on Tuesday posted a 39 percent rise in quarterly earnings, boosted by cost improvements and growth in all its business units, boosting its shares as much as 10 percent. The Charlotte, North Carolina-based company said third-quarter profit rose to $26.8 million, or 61 cents a share, from $19.3 million, or 45 cents a share, a year earlier. The company ...

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