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Sonic Automotive logs $14.9M in 1Q net income

Sonic Automotive said it had net income of $14.9 million in the first quarter of 2011, or 27 cents per diluted share, up from $4.15 million, or 12 cents per diluted share, in the year-ago quarter

The Charlotte-based automotive retailer said it had $1.8 billion in revenue for the quarter, up from $1.5 billion in the year-ago quarter.

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