UPDATE 1-Asbury Automotive Q1 earnings up; sees Japan disruption


* Q1 EPS $0.59 vs $0.22 a year ago * Q1 rev up 18 pct * Says sees Japan-related supply disruptions (Follows alerts) April 27 (Reuters) - Auto dealer Asbury Automotive Group Inc posted higher quarterly earnings, driven by increased sales of new and used light vehicles, but said it expects "meaningful" supply disruptions due to the Japan earthquake and related events. "We are working to mitigate the situation through ... expanding our used vehicle business, seeking higher margins on ...

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