Asbury turns to quarterly profit on higher sales


NEW YORK , Feb 24 (Reuters) - Auto dealer Asbury Automotive Group Inc. on Thursday posted a fourth-quarter profit, reversing a loss the year before, on strong new and used vehicle sales. It earned $12.8 million, or 39 cents a share, compared with a loss of $20.4 million, or 62 cents a share, a year earlier. Last year's results were weighted down by acquisition related charges.

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