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Shareholder Value Dealer Groups

Sonic Q1 net swings to loss on refinancing costs, weak sales

Sonic swung to a first-quarter loss of $541,000 from a year-earlier net profit of $14.6 million as the dealership group took a hit from refinancing its debt. Weak retail sales didn't help.

Lear posts 23% boost in Q1 net income

Seating and electronics supplier Lear reported a 23 percent leap in 2017 first-quarter net income and stronger profit margins.

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