Prices, used cars lift dealers (Investor's Business Daily)

ShareThisInvestor's Business Daily - Tighter supplies of Japanese cars due to March's earthquake raised selling prices and used car sales at U.S. dealer chains. Group 1's Q2 EPS rose 41% to $1.06, 25 cents above views. Asbury Automotive's EPS grew 21% to 51 cents, beating by 8 cents. Sonic Automotive's EPS rose 37% to 37 cents, a penny above views. Group 1 rose 16.3%, Asbury 6.5% and Sonic 2.7% — all to multiyear highs.