AmeriCredit Reports Fourth Quarter and Fiscal Year 2006 Operating Results.

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AmeriCredit Reports Fourth Quarter and Fiscal Year 2006 Operating Results.

FORT WORTH, Texas -- AMERICREDIT CORP. (NYSE:ACF):

--4th Quarter earnings of $79 million, $0.55 per share

--Loan originations increased to $1.73 billion

--Charge-offs declined to 3.9%

--FY07 earnings per share guidance updated

AMERICREDIT CORP. (NYSE:ACF) today announced net income of $79 million, or $0.55 per share, for its fiscal fourth quarter ended June 30, 2006. AmeriCredit reported net income of $77 million, or $0.48 per share, for the same period a year earlier. Net income for the quarter ended June 30, 2006, included a $6 million after-tax loss ($9 million pre-tax), or $0.04 per share, related to the redemption of the 9 1/4 Senior Notes due in May 2009. For the fiscal year ended June 30, 2006, AmeriCredit reported net income of $306 million, or $2.08 per share, versus earnings of $286 million, or $1.73 per share, for the fiscal year ended June 30, 2005.

Automobile loan purchases increased to $1.73 billion for ...

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