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Valvoline Undertakes Moves to Strengthen Quick-Lube Model

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Valvoline Inc. (VVV - Free Report) recently opened the 10th Valvoline Instant Oil Change (VIOC) quick-lube service center in Greater Pittsburgh area. The move further expands the company’s existing network of more than 1,150 franchised and owned VIOC stores. The company’s latest VIOC store is located in Coraopolis, PA.

The VIOC service stores enable customers to stay in the cars, while its qualified technicians provide services. These centers offer a number of preventive maintenance services, relating to radiator, air conditioning and transmission. Additionally, most locations offer battery and fuel-system services to customers.

Prior to this, in August 2018, Valvoline unveiled VIOC service centers in Morristown, TN, Kettering, OH, Johnson City, TN; Melrose Park, IL; Lawrenceburg, KY; Waynesboro, VA; and Salem, MA.

Also, on Aug 30, 2018, Valvoline unveiled three Valvoline Express Care centers in Texas.

Valvoline is currently trying to expand its industry-popular quick-lube model. The company is able to provide quick and reliable services to its customers through this model, through a very convenient approach.

The aforementioned moves of Valvoline are in sync with this stratagem. The company is poised to grow on the back of solid segmental performance and efficient capital-deployment moves.

Nonetheless, over the past month, Valvoline’s shares have lost 0.1%, as against 1.5% growth recorded by the industry.

The company currently carries a Zacks Rank #4 (Sell).

Stocks to Consider

Some better-ranked stocks in the same space are listed below:

Ingevity Corporation (NGVT - Free Report) sports a Zacks Rank #1 (Strong Buy), at present. The company pulled off an average positive earnings surprise of 20.58% over the last four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.

CSW Industrials, Inc. (CSWI - Free Report) currently carries a Zacks Rank of 2 (Buy). The stock generated an average positive earnings surprise of 6.93% over the trailing four quarters.

Currently, W.R. Grace & Co. (GRA - Free Report) also carries a Zacks Rank of 2. The company delivered an average positive earnings surprise of 10.63% during the same time frame.

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