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 Opens 17 Quick-Lube Centers in Southern California
Read MoreHide Full Article
Valvoline Inc. (VVV - Free Report) recently announced that its franchisee Henley Pacific LA, LLC has completed the acquisition of 17 quick lube locations in southern California. Currently, these locations are operating as Valvoline Instant Oil Change (VIOC) service centers.
With these acquisitions, more than 100 of the VIOC quick-lube locations are being operated by Henley Pacific in the southern California.
Separately, it also announced the opening of a newcompany-owned VIOC service center in the Houston area. With this, the company currently owns four of the five VIOC quick-lube locations operating in Houston. The move expanded Valvoline’s existing network of more than 1,170 franchised and owned VIOC stores.
Notably, VIOC stores offer a wide variety of services, including tire rotation, preventive maintenance services related to the radiator, air conditioning and transmission as well as replacement of safety parts, like light bulbs and wiper blades. Most of the locations provide fuel system and battery services as well. VIOC service stores allow customers to stay inside the car and watch the services being performed.
In the past year, this Zacks Rank #4 (Sell) stock has lost 21.3% compared with the industry’s average decline of 12.2%. 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 2019 earnings has trended down from $1.48 to $1.39 owing to seven downward estimate revisions versus none upward.
Key Picks
Some better-ranked stocks in the same industry are Daqo New Energy Corp. (DQ - Free Report) , Celanese Corporation (CE - Free Report) and W.R. Grace & Co. . While Daqo New Energy sports a Zacks Rank #1 (Strong Buy), Celanese and W.R. Grace carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Daqo New Energy surpassed estimates thrice in the trailing four quarters, the average beat being 15.27%.
Celanese exceeded estimates in each of the trailing four quarters, the average beat being 13.29%.
W.R. Grace surpassed estimates in each of the trailing four quarters, the average beat being 10.06%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Valvoline Opens 17 Quick-Lube Centers in Southern California
Valvoline Inc. (VVV - Free Report) recently announced that its franchisee Henley Pacific LA, LLC has completed the acquisition of 17 quick lube locations in southern California. Currently, these locations are operating as Valvoline Instant Oil Change (VIOC) service centers.
With these acquisitions, more than 100 of the VIOC quick-lube locations are being operated by Henley Pacific in the southern California.
Separately, it also announced the opening of a newcompany-owned VIOC service center in the Houston area. With this, the company currently owns four of the five VIOC quick-lube locations operating in Houston. The move expanded Valvoline’s existing network of more than 1,170 franchised and owned VIOC stores.
Notably, VIOC stores offer a wide variety of services, including tire rotation, preventive maintenance services related to the radiator, air conditioning and transmission as well as replacement of safety parts, like light bulbs and wiper blades. Most of the locations provide fuel system and battery services as well. VIOC service stores allow customers to stay inside the car and watch the services being performed.
In the past year, this Zacks Rank #4 (Sell) stock has lost 21.3% compared with the industry’s average decline of 12.2%. 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 2019 earnings has trended down from $1.48 to $1.39 owing to seven downward estimate revisions versus none upward.
Key Picks
Some better-ranked stocks in the same industry are Daqo New Energy Corp. (DQ - Free Report) , Celanese Corporation (CE - Free Report) and W.R. Grace & Co. . While Daqo New Energy sports a Zacks Rank #1 (Strong Buy), Celanese and W.R. Grace carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Daqo New Energy surpassed estimates thrice in the trailing four quarters, the average beat being 15.27%.
Celanese exceeded estimates in each of the trailing four quarters, the average beat being 13.29%.
W.R. Grace surpassed estimates in each of the trailing four quarters, the average beat being 10.06%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>