Dealer group Asbury reports quarterly net loss


DETROIT, Feb 25 (Reuters) - Auto dealer Asbury Automotive Group Inc. on Wednesday said it posted a fourth-quarter net loss due to charges from discontinued operations and a non-cash goodwill impairment. The company said the net loss totaled $20.4 million, or 63 cents a share, compared with a profit of $5.5 million, or 16 cents a share, in the same period a year earlier. The fourth-quarter results include a non-cash goodwill impairment charge of $37.9 million.

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