Auto dealer stocks ride higher with CarMax

|About: Asbury Automotive Group, ... (ABG)|By:, SA News Editor

Strong results from CarMax have given a lift to the auto dealer sector.

CarMax recorded double-digit pretax earnings growth during the quarter and same-store sales volume growth of 3.0%.

Gainers include AutoNation (AN +2.6%), Group 1 Automotive (GPI +1.5%), Lithia Motors (LAD +2%), Asbury Automotive Group (ABG +1.2%), Sonic Automotive (SAH +2.9%), CarGurus (CARG +1.6%) and Penske Automotive Group (PAG +1.3%).

Previously: CarMax +4% after comfortable profit beat (March 29)

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