Valvoline Inc. (VVV - Free Report) recently announced that it has opened a new Valvoline Instant Oil Change (VIOC) service center. Notably, Galena Companies — a franchisee of Valvoline — has opened the service center in Uniondale, New York. With this, the company has expanded its number of service centers to seven in Long Island. Presently, Galena Companies controls the functioning of all seven VIOC quick-lube locations in Long Island.
Notably, VIOC service centers provide a variety of services like tire rotation; preventive maintenance services related to the radiator, air conditioning and transmission; and replacement of safety parts like light bulbs and wiper blades. Moreover, 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.
Recently, the company opened the 10th VIOC quick-lube service center in Greater Pittsburgh area. Notably, the move expanded the company’s existing network of more than 1,150 franchised and owned VIOC stores. In August, it also opened a VIOC service center in Salem, MA.
In the past six months, this Zacks Rank #4 (Sell) stock has lost 2.3% against the industry’s average growth of 12.5%. 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.
Some better-ranked stocks in the same space are Quaker Chemical Corporation (KWR - Free Report) , Albemarle Corporation (ALB - Free Report) and Rayonier Advanced Materials Inc. (RYAM - Free Report) . While Quaker Chemical sports a Zacks Rank #1 (Strong Buy), Albemarle and Rayonier Advanced Materials carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Quaker Chemical surpassed estimates in each of the trailing four quarters with an average beat of 5.18%.
Albemarle exceeded estimates in each of the trailing four quarters with an average beat of 6.56%.
Rayonier Advanced Materials surpassed estimates thrice in the trailing four quarters with an average beat of 60.74%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>