Valvoline Chalks Out Plans to Reinforce Quick-Lube Model
Valvoline Inc. VVV has opened the 9th Valvoline Instant Oil Change (VIOC) quick-lube service center in Kettering, OH. The move further expands the company’s existing network of more than 1,150 franchised and owned VIOC stores. The company’s new Kettering VIOC store is located in the Dayton market.
VIOC service stores allow customers to stay in the cars while VIOC’s 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 has unveiled VIOC service centers in Johnson City, TN; Melrose Park, IL; Lawrenceburg, KY; Waynesboro, VA; and Salem, MA.
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, via a very convenient approach.
The aforementioned moves of Valvolineare in sync with this stratagem. The company is poised to grow on the back of strong performance recorded by Quick Lube and International segments along with capital-deployment moves.
However, over the past month, Valvoline’s shares have lost 0.7%, underperforming 3.3% growth recorded by the industry.
The company currently carries a Zacks Rank #4 (Sell).
Stocks to Consider
Some better-ranked stocks within the same space are listed below:
Ingevity Corporation NGVT presently sports a Zacks Rank #1 (Strong Buy). The company’s earnings per share (EPS) are predicted to grow 12% in the next three to five years. You can see the complete list of today’s Zacks #1 Rank stocks here.
Ashland Global Holdings Inc. ASH currently has a Zacks Rank #2 (Buy). The company’s EPS is predicted to grow 10% in the next three to five years.
Presently, W.R. Grace & Co. GRA also carries a Zacks Rank of #2. The company’s EPS is predicted to grow 12% in the next three to five years.
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