Asbury Automotive posts profit on solid car sales

Newswire

STAMFORD, Conn., July 25 (Reuters) - Auto retailer Asbury Automotive Group Inc. on Thursday said it posted a quarterly profit on solid sales of both new and used vehicles in its second quarter as a public company. The company, which went public in March, said income from continuing operations in the second quarter was $13.8 million, or 40 cents per share, in the quarter. Total revenue was $1.2 billion, up 8.9 percent from a year ago. Analysts had expected a profit of 38 cents a share on ...

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