We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Valvoline (VVV) Opens VIOC Center in Salem, Massachusetts
Read MoreHide Full Article
Valvoline Inc. (VVV - Free Report) recently announced the opening of a new Valvoline Instant Oil Change (VIOC) service center. Notably, Henley Enterprises, Inc. — a franchisee of Valvoline opened the service center in Salem, Massachusetts. At present, Henley Enterprises controls the functioning of 45 VIOC quick-lube locations in the greater Boston area.
VIOC service centers provide a variety of services, including tire rotation; preventive maintenance services related to the radiator, air conditioning and transmission; and replacement of safety parts like light bulbs and wiper blades. In addition, battery and fuel system services can be availed at many locations. Interestingly, VIOC service stores allow customers to stay inside the car and watch the services being performed.
In July, the company completed the acquisition of Great Canadian Oil Change Franchising Ltd’s business assets. The buyout added 73 Great Canadian Oil Change franchises to the company’s quick-lube network of more than 1,200 company- and franchise-owned locations in North America. Earlier, Valvoline’s franchisee Big River Quality Auto Inc. also completed the buyout of a quick lube location based in Evansville, IN.
In the past six months, this Zacks Rank #4 (Sell) stock has lost 8.9% against the industry’s average growth of 7.3%. Also, the company has a dismal earnings surprise history with no beats in the trailing four quarters.
Notably, analysts have become increasingly bearish on Valvoline. In the past couple of months, the Zacks Consensus Estimate for fiscal 2018 earnings has trended down from $1.34 to $1.29 owing to six downward estimate revisions versus none upward.
Stocks to Consider
Some better-ranked stocks in the same space are KMG Chemicals, Inc. , Ashland Global Holdings Inc. (ASH - Free Report) and CSW Industrials, Inc. (CSWI - Free Report) . While KMG Chemicals sports a Zacks Rank #1 (Strong Buy), Ashland Global Holdings and CSW Industrials carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
KMG Chemicals surpassed estimates in each of the trailing four quarters with an average beat of 33.21%.
Ashland Global Holdings exceeded estimates thrice in the trailing four quarters with an average beat of 11.70%.
CSW Industrials surpassed estimates in each of the trailing four quarters with an average beat of 6.93%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Valvoline (VVV) Opens VIOC Center in Salem, Massachusetts
Valvoline Inc. (VVV - Free Report) recently announced the opening of a new Valvoline Instant Oil Change (VIOC) service center. Notably, Henley Enterprises, Inc. — a franchisee of Valvoline opened the service center in Salem, Massachusetts. At present, Henley Enterprises controls the functioning of 45 VIOC quick-lube locations in the greater Boston area.
VIOC service centers provide a variety of services, including tire rotation; preventive maintenance services related to the radiator, air conditioning and transmission; and replacement of safety parts like light bulbs and wiper blades. In addition, battery and fuel system services can be availed at many locations. Interestingly, VIOC service stores allow customers to stay inside the car and watch the services being performed.
In July, the company completed the acquisition of Great Canadian Oil Change Franchising Ltd’s business assets. The buyout added 73 Great Canadian Oil Change franchises to the company’s quick-lube network of more than 1,200 company- and franchise-owned locations in North America. Earlier, Valvoline’s franchisee Big River Quality Auto Inc. also completed the buyout of a quick lube location based in Evansville, IN.
In the past six months, this Zacks Rank #4 (Sell) stock has lost 8.9% against the industry’s average growth of 7.3%. Also, the company has a dismal earnings surprise history with no beats in the trailing four quarters.
Notably, analysts have become increasingly bearish on Valvoline. In the past couple of months, the Zacks Consensus Estimate for fiscal 2018 earnings has trended down from $1.34 to $1.29 owing to six downward estimate revisions versus none upward.
Stocks to Consider
Some better-ranked stocks in the same space are KMG Chemicals, Inc. , Ashland Global Holdings Inc. (ASH - Free Report) and CSW Industrials, Inc. (CSWI - Free Report) . While KMG Chemicals sports a Zacks Rank #1 (Strong Buy), Ashland Global Holdings and CSW Industrials carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
KMG Chemicals surpassed estimates in each of the trailing four quarters with an average beat of 33.21%.
Ashland Global Holdings exceeded estimates thrice in the trailing four quarters with an average beat of 11.70%.
CSW Industrials surpassed estimates in each of the trailing four quarters with an average beat of 6.93%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>