The Pep Boys - Manny Moe & Jack reported third-quarter profit that more than doubled on a 5 percent rise in sales. The company said it is on target to add 35 stores this year.
Shares were up 5.2 percent, to $13.63 in midday trading. The company released earnings after the market closed Monday.
The Philadelphia-based auto service and retail chain said the three months that ended Oct. 30 saw net earnings of $5.7 million, or 11 cents per share, compared with $2.1 million, or 4 cents per share for the same period a year ago.
Sales increased to $496.4 million in the latest quarter, from $472.6 a year earlier.
Same-store sales - a measure of retail performance at stores open for at least a year - increased 3.5 percent, including a 1.9 percent increase in service-bay revenue and a 3.9 percent rise in merchandise sales, the company said.