WRAPUP 1-Sonic, Asbury profit up on US auto recovery

Newswire

* Auto groups Sonic, Asbury profits top Wall Street view * Sonic '11 profit view short of bullish expectations * Sonic shares down almost 2 pct, Asbury up over 4 pct By Bernie Woodall DETROIT, Feb 22 (Reuters) - U.S. auto dealer groups Sonic Automotive Inc and Asbury Automotive Group posted higher-than-expected quarterly profits on sales that outpaced the recovery in an industry bouncing back from the recessionary levels of 2009. Shares of Asbury gained 4 percent, while shares of ...

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