Oct 16 (Reuters) - Snap-On beat third-quarter

revenue and profit estimates on Thursday as recovering demand

from auto parts companies and repair shops boosted sales for the

company's tool-making products.

The automotive aftermarket, the company's major source of

revenue, continues to see a rebound in demand, as U.S. road

travel rose above pre-pandemic levels.

Further, worries over inflation pushed more Americans to

hold on to their existing vehicles, increasing the average age

of vehicles on the road and driving higher demand for

maintenance and repairs.

Snap-On said it saw strong growth during the period, driven

by deeper engagement with both automaker dealerships and

independent repair shops, alongside significant gains in its

software portfolio.

"Despite the current volatility of this time, we believe our

results show the diverse opportunities along our runways for

growth in activities both within automotive repair and with

customers outside the garage," said CEO Nick Pinchuk.

For the quarter ended September 27, the company reported a

revenue rise of 1.1% in the Tools Group segment.

Snap-On's Repair Systems & Information Group segment revenue

rose 9.9% due to increased sales of diagnostic and repair

information products to independent repair shop owners and OEM

dealerships.

The Kenosha, Wisconsin-based company reported total

quarterly revenue of $1.29 billion. Analysts were expecting

$1.16 billion, according to data compiled by LSEG.

Its quarterly profit rose to $5.02 per share, above

analysts' estimates of $4.63 per share.