Newswire

Asbury Automotive posts higher quarterly profit

NEW YORK, Feb 24 (Reuters) - Car dealership group Asbury Automotive Group Inc. on Friday posted a slight increase in quarterly profit as new vehicle retail revenue and unit sales rose slightly.

Asbury's fourth-quarter profit from continuing operations rose to $14.4 million, or 44 cents a share, from $14 million, or 43 cents a share, a year earlier.