May 13, 2013 (Datamonitor via COMTEX) -- Asbury Automotive Group, Inc., an automotive retailer, has reported that net income for the first quarter ended March 31, 2013 was $32.5 million, or $1.04 per diluted share, compared to $17.6 million, or $0.56 per diluted share, for the first quarter ended March 31, 2012.

Total revenues for the first quarter ended March 31, 2013 were $1.22 billion, compared to $1.07 billion for the first quarter ended March 31, 2012.

Gross profit for the first quarter ended March 31, 2013 was $206.7 million, compared to $184.5 million for the first quarter ended March 31, 2012.

"Asbury is pleased to announce our fourth consecutive record quarterly results," said Craig Monaghan, Asbury's President and CEO. "I am thrilled with the success our stores are demonstrating in an extremely competitive industry that is benefitting from recovering sales volumes, attractive financing rates and the availability of great new products. With the right strategies and brands, our people are making the difference."

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