Asbury Automotive beats by $0.07, beats on revs Reports Q4 (Dec) earnings of $0.72 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus Estimate of $0.65; revenues rose 15.2% year/year to $1.22 bln vs the $1.19 bln consensus. Repurchased $23 million of Asbury common stock in 2012, or ~3% of common shares outstanding; $50 million remaining under new Board Authorization.

"We are pleased to announce record fourth quarter and full year results. These results demonstrate the benefits of the operating leverage we have built into our business model, which we expect will continue yielding strong results as North American automotive sales continue to recover. We expect the recovery of automotive sales to continue in 2013 due to the increasing average age of vehicles in the U.S., extremely attractive financing rates, and the availability of exciting new products."

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