on Wednesday reported a 32% jump in fourth-quarter profit, rebounding from a slowdown in the first half of its fiscal year, and offered in-line guidance.
For the quarter ended Feb. 28, profit at the used-auto retailer increased 32% to $29.7 million, or 28 cents a share, compared with $22.5 million, or 21 cents a share, a year ago. Revenue rose 25% to $1.40 billion.
Analysts expected 28 cents a share, according to Thomson First Call.
"The rebound in sales and earnings growth also reinforced our belief that the softness we experienced in the first half of the fiscal year was due to external market factors, not to store execution issues," the company said. "When traffic levels increased in the latter half of the year, so did our sales."
The Richmond, Va.-based company forecast EPS of 35 cents to 38 cents in the first quarter, and $1.20 to $1.30 for full-year 2006. The consensus estimates are 38 cents and $1.25, respectively.
Shares ended at $33.20 Tuesday.