Valvoline Inc. manufactures, markets, and supplies, engine and automotive maintenance products and services. It operates through three segments: Quick Lubes, Core North America, and International. The company offers lubricants for passenger car, light duty, and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles. It also provides windshield wiper blades, light bulbs, serpentine belts, and drain plugs. In addition, the company operates Valvoline instant oil change service centers. As of October 28, 2020, it operated and franchised approximately 1,500 quick-lube locations under the Valvoline Instant Oil Change brand in the United States and the Great Canadian Oil Change brand in Canada. The company also serves car dealers, general repair shops, and third-party quick lube locations, as well as through distributors. It has operations in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. Valvoline Inc. was founded in 1866 and is headquartered in Lexington, Kentucky.
IPO Year: 2016
Exchange: NYSE
Website: valvoline.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/15/2024 | $49.00 | Overweight | Stephens |
| 8/15/2024 | $48.00 | Outperform | Robert W. Baird |
| 6/12/2024 | $49.00 | Overweight | Piper Sandler |
| 3/19/2024 | $50.00 | Buy | Mizuho |
| 1/16/2024 | $37.00 → $44.00 | Equal-Weight → Overweight | Morgan Stanley |
| 9/11/2023 | $37.00 | Neutral | Goldman |
| 9/7/2023 | $42.00 | Overweight | Wells Fargo |
| 6/23/2023 | $43.00 | Overweight | Stephens |
| 6/12/2023 | $40.00 | Equal-Weight | Morgan Stanley |
| 6/12/2023 | Buy → Neutral | Seaport Research Partners |
LEXINGTON, Ky., Nov. 21, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that the company will participate in a fireside chat at the Morgan Stanley Global Consumer and Retail Conference on Tuesday, December 3, at 3:00 p.m. ET. A live audio webcast will be available on Valvoline's investor relations website at http://investors.valvoline.com. Following the live event, an archived version of the webcast will be available on the website. About Valvoline Inc.Valvoline Inc. (NYSE:VVV) delivers quic
FEP to Acquire 38 Valvoline Company-Owned Stores in Austin, San Antonio, El Paso and West Texas Markets NEW YORK, Nov. 19, 2024 /PRNewswire/ -- Franchise Equity Partners (FEP), a private investment firm on a mission to create long-term partnerships with quality franchisees and franchisors, today announced a strategic partnership with Valvoline Inc., the trusted leader in preventive automotive maintenance. As part of the agreement, FEP will acquire 38 of Valvoline's company-owned stores in West Texas, including markets in Austin, San Antonio, El Paso, and surrounding regions. The stores will be franchised and operated under the newly formed entity, Velocity Auto Care.
Sales of $1.6 billion and system-wide store sales of $3.1 billion each growing 12%, delivering 18th fiscal year of system-wide SSS growth Fiscal year highlights Sales from continuing operations of $1.6 billion grew 12%, driven by system-wide same-store sales (SSS) growth of 6.7%Store count increased nearly 9% YoY, bringing system-wide total to 2,010Reported income from continuing operations of $215 million grew 8% and earnings per diluted share (EPS) of $1.63 increased 33%Continuing operations adjusted EBITDA of $443 million increased 17% while adjusted EBITDA margin improved 100 bps to 27.3%, adjusted EPS of $1.57 increased 33%Returned $227 million in cash to shareholders via share repurcha
LEXINGTON, Ky., Nov. 19, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, announces it intends to refranchise 38 existing Valvoline Instant Oil ChangeSM service centers to a new franchisee, Velocity Auto Care. The service centers are located in Austin, San Antonio, El Paso and west Texas. "One of our strategic priorities is accelerating our network growth," said Lori Flees, Valvoline Inc. President and Chief Executive Officer. "We are pleased to have franchisees that can expand select markets more rapidly tha
Customers can donate at participating Valvoline Instant Oil Change or Great Canadian Oil Change locations through November 30. LEXINGTON, Ky., Nov. 1, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, kicks off its annual in-store fundraising campaign for Children's Miracle Network Hospitals, Nov. 1-30, 2024. This marks 15 years of Valvoline Inc. supporting Children's Miracle Network Hospitals. To date, the Company has raised more than $6 million for children's hospitals. "Our team is passionate about supporti
LEXINGTON, Ky., Oct. 28, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that it plans to report financial results for its fiscal fourth quarter on November 19, 2024. A live audio webcast with analysts and investors will also be held on November 19, 2024 at 9 a.m. ET. The webcast and slide presentation will be available on the company's Investor Relations website at http://investors.valvoline.com. Shortly after the call concludes, a replay of the webcast will be available on this same website
LEXINGTON, Ky., Oct. 21, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that Valvoline Instant Oil Change℠ ranks 40th in the Franchise Times Top 400. The Franchise Times Top 400 is the most comprehensive ranking of the largest U.S. franchise systems. Its results are determined by global systemwide sales from the previous year and based on a five-month research and reporting process that considers a variety of factors. "We are dedicated to growing our franchise network and providing the highe
LEXINGTON, Ky., Oct. 18, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance announces the planned retirement of its Chief Financial Officer Mary Meixelsperger. Meixelsperger will continue as CFO until a successor is hired and will remain with the Company through the subsequent transition period. The Company has initiated a comprehensive search with the assistance of a leading executive search firm to identify a successor for this position, which will include both internal and external candidates. "On behalf of t
The company continues its accelerated growth toward goal of 3,500 service centers LEXINGTON, Ky., Oct. 3, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, announces that in September it opened its 2,000th location under the Valvoline Instant Oil ChangeSM and Great Canadian Oil Change brands. This advances the Company's efforts to expand its network of services centers to 3,500 in the United States and Canada. "I am proud that we are bringing our quick, easy, trusted service to more customers," said Lori Flee
LEXINGTON, Ky., Aug. 27, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that the company will be participating in a fireside chat at the Piper Sandler Growth Frontiers Conference on Tuesday, September 10, at 4 p.m. ET. A live audio webcast will be available on Valvoline's investor relations website at http://investors.valvoline.com. Following the live event, an archived version of the webcast will be available on the website. About Valvoline Inc.Valvoline Inc. (NYSE:VVV), is the quick, easy,
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Stephens initiated coverage of Valvoline with a rating of Overweight and set a new price target of $49.00
Robert W. Baird initiated coverage of Valvoline with a rating of Outperform and set a new price target of $48.00
Piper Sandler initiated coverage of Valvoline with a rating of Overweight and set a new price target of $49.00
Mizuho initiated coverage of Valvoline with a rating of Buy and set a new price target of $50.00
Morgan Stanley upgraded Valvoline from Equal-Weight to Overweight and set a new price target of $44.00 from $37.00 previously
Goldman resumed coverage of Valvoline with a rating of Neutral and set a new price target of $37.00
Wells Fargo initiated coverage of Valvoline with a rating of Overweight and set a new price target of $42.00
Stephens initiated coverage of Valvoline with a rating of Overweight and set a new price target of $43.00
Morgan Stanley resumed coverage of Valvoline with a rating of Equal-Weight and set a new price target of $40.00
Seaport Research Partners downgraded Valvoline from Buy to Neutral
Citigroup analyst Chasen Bender maintains Valvoline (NYSE:VVV) with a Neutral and raises the price target from $45 to $48.
Piper Sandler analyst Peter Keith initiates coverage on Valvoline (NYSE:VVV) with a Overweight rating and announces Price Target of $49.
RBC Capital analyst Steven Shemesh reiterates Valvoline (NYSE:VVV) with a Outperform and maintains $48 price target.
Information regarding the Company's outlook for fiscal 2024 is provided in the table below: Updated Outlook Prior Outlook System-wide SSS growth 6 — 8 % 6 — 9 % System-wide store additions no change 140 — 170 Net revenues $1.6 — $1.65 billion $1.6 — $1.7 billion Adjusted EBITDA $430 — $455 million $420 — $460 million
Valvoline (NYSE:VVV) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.35 by 5.71 percent. The company reported quarterly sales of $388.700 million which missed the analyst consensus estimate of $390.810 million by 0.54 percent. This is a 12.83 percent increase over sales of $344.500 million the same period last year.
4 analysts have expressed a variety of opinions on Valvoline (NYSE:VVV) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 1 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 1 0 0 0 3M Ago 0 1 0 0 0 Analysts have set 12-month price targets for Valvoline, revealing an average target of $46.0, a high estimate of $50.00, and a low estimate of $44.00. Observing a 18.96% increase, the current average has risen from th
Mizuho analyst David Bellinger initiates coverage on Valvoline (NYSE:VVV) with a Buy rating and announces Price Target of $50.
Citigroup analyst Chasen Bender maintains Valvoline (NYSE:VVV) with a Neutral and raises the price target from $36 to $45.
The 1000th franchise location is operated by Quality Automotive Services, LLC
RBC Capital analyst Steven Shemesh maintains Valvoline (NYSE:VVV) with a Outperform and raises the price target from $43 to $45.
Sales of $1.6 billion and system-wide store sales of $3.1 billion each growing 12%, delivering 18th fiscal year of system-wide SSS growth Fiscal year highlights Sales from continuing operations of $1.6 billion grew 12%, driven by system-wide same-store sales (SSS) growth of 6.7%Store count increased nearly 9% YoY, bringing system-wide total to 2,010Reported income from continuing operations of $215 million grew 8% and earnings per diluted share (EPS) of $1.63 increased 33%Continuing operations adjusted EBITDA of $443 million increased 17% while adjusted EBITDA margin improved 100 bps to 27.3%, adjusted EPS of $1.57 increased 33%Returned $227 million in cash to shareholders via share repurcha
The company continues its accelerated growth toward goal of 3,500 service centers LEXINGTON, Ky., Oct. 3, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, announces that in September it opened its 2,000th location under the Valvoline Instant Oil ChangeSM and Great Canadian Oil Change brands. This advances the Company's efforts to expand its network of services centers to 3,500 in the United States and Canada. "I am proud that we are bringing our quick, easy, trusted service to more customers," said Lori Flee
Delivers 12% top-line growth, 6.5% system-wide SSS growth, 33 store additions and announces refranchising of 17 stores Sales from continuing operations of $421 million grew 12%, driven by system-wide same store sales (SSS) growth of 6.5%Income from continuing operations of $48 million declined 25%, reflecting a year-over-year reduction in interest income, and earnings per diluted share (EPS) of $0.37 decreased 8%,Continuing operations adjusted EBITDA of $123 million increased 12% and adjusted EPS of $0.45 increased 5% over the prior year, which reflects a year-over-year reduction in interest incomeStore additions in the quarter totaled 33 (15 franchised and 18 company-operated) bringing tota
LEXINGTON, Ky., July 30, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, today announced that its board of directors authorized the Company to repurchase up to $400 million of its common stock. "This new share repurchase authorization reflects the confidence in our strategy and ability to generate strong free cash flow," said Lori Flees, President and CEO of Valvoline. "We remain committed to a disciplined capital allocation framework to grow the business, lower leverage within target range, and then return
Delivers 7.7% system-wide SSS growth and 38 net store additions Sales from continuing operations of $389 million grew 13%, driven by system-wide same store sales (SSS) growth of 7.7%Reported income from continuing operations of $43 million grew 32% and earnings per diluted share (EPS) of $0.33 increased 74%Continuing operations adjusted EBITDA of $105 million increased 21% and adjusted EPS of $0.37 increased 61%Net store additions in the quarter totaled 38 (14 franchised and 24 company-operated) bringing total system-wide stores to 1,928Updating guidance to narrow the range for certain key metricsLEXINGTON, Ky., May 8, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted
Delivers 7.1% system-wide SSS growth and 38 store additions Sales from continuing operations of $373 million grew 12%, driven by system-wide same store sales (SSS) growth of 7.1%Reported income from continuing operations of $34 million grew 26% and earnings per diluted share (EPS) of $0.26 increased 73%Continuing operations adjusted EBITDA of $90 million increased 23% and adjusted EPS of $0.29 increased 81%Store additions totaled 38 (19 franchised and 19 company-operated) bringing total system-wide stores to 1,890LEXINGTON, Ky., Feb. 6, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, today reported financial results for it
Sales from continuing operations of $376.2 million grew 19%, while system-wide same-store sales (SSS) increased 12.5%Reported income from continuing operations of $64.5 million grew 62% and earnings per diluted share (EPS) of $0.40 increased 82%Continuing operations adjusted EPS of $0.43 increased 105% and adjusted EBITDA of $110.4 million increased 28%Net store additions total 23 (22 company-operated and 1 franchised) bringing total system-wide stores to 1,804Completed a modified "Dutch auction" tender offer to repurchase 27.0 million shares at $38.00 per share for an aggregate purchase price of $1.02 billion, excluding related fees and expensesLEXINGTON, Ky., Aug. 9, 2023 /PRNewswire/ -- V
Sam Mitchell to retire as CEO and member of the Board of Directors, effective September 30, 2023 Current President, Lori Flees, named CEO LEXINGTON, Ky., Aug. 9, 2023 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), a trusted leader in preventive automotive maintenance delivering quick and convenient service, today announced that Sam Mitchell is retiring as Chief Executive Officer and a member of the Board of Directors, effective September 30, 2023. Mitchell will be succeeded by Lori Flees, current President of Retail Services, as the Company's Chief Executive Officer. Flees will also join the Company's Board.
Sale of Global Products Complete, Moving Forward with Return of Proceeds Completed sale of Global Products business on March 1, generating $2.38 billion of net proceeds and an after-tax gain on the sale of discontinued operations of $1.15 billionIntend to commence a modified "Dutch auction" tender offer for up to $1 billion of Valvoline common stock, subject to market conditionsSales from continuing operations of $344.5 million grew 16% and 19% on an adjusted basis1, while system-wide same store sales (SSS) increased 13.5%Reported income from continuing operations of $32.9 million grew 43% and earnings per diluted share (EPS) of $0.19 increased 46%Continuing operations adjusted EPS of $0.23
LEXINGTON, Ky., March 1, 2023 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), a trusted leader in preventive automotive maintenance delivering quick and convenient service, today announced that it has completed the previously announced sale of its Global Products business to Aramco. The purchase price is $2.65 billion in cash, subject to certain customary adjustments. "It is a historic day for our 157-year-old brand. With the sale of our Global Products business to Aramco, each business can now focus on its individual future growth and strategic plans," said Sam Mitchell, CEO, Valv
LEXINGTON, Ky., Nov. 19, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, announces it intends to refranchise 38 existing Valvoline Instant Oil ChangeSM service centers to a new franchisee, Velocity Auto Care. The service centers are located in Austin, San Antonio, El Paso and west Texas. "One of our strategic priorities is accelerating our network growth," said Lori Flees, Valvoline Inc. President and Chief Executive Officer. "We are pleased to have franchisees that can expand select markets more rapidly tha
Customers can donate at participating Valvoline Instant Oil Change or Great Canadian Oil Change locations through November 30. LEXINGTON, Ky., Nov. 1, 2024 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV), the quick, easy, trusted leader in preventive automotive maintenance, kicks off its annual in-store fundraising campaign for Children's Miracle Network Hospitals, Nov. 1-30, 2024. This marks 15 years of Valvoline Inc. supporting Children's Miracle Network Hospitals. To date, the Company has raised more than $6 million for children's hospitals. "Our team is passionate about supporti
Announces Cooperation Agreement with Shareholder Stadium Capital Board to Form a Capital Allocation Committee, Comprised of New and Tenured Directors, to Provide Analysis and Recommendations to Board Sleep Number Corporation (NASDAQ:SNBR) today announced that it has appointed Stephen E. Macadam and Hilary A. Schneider to its Board of Directors (the "Board"), effective immediately, expanding the Board to twelve members. In conjunction with the appointments, Sleep Number entered into a cooperation agreement (the "Cooperation Agreement") with Stadium Capital Management, LLC (collectively with its affiliates, "Stadium Capital"), one of the company's shareholders. Steve Macadam is the Chai
LEXINGTON, Ky., April 27, 2022 /PRNewswire/ -- Valvoline Inc. (NYSE:VVV) today announced the appointment of Jennifer Slater as an independent director to the company's Board of Directors, effective July 1, 2022. The company also announced that Stephen Kirk will retire as a member of the Board of Directors, effective June 30, 2022. With more than 25 years of global multifunctional leadership experience, Ms. Slater, who is currently the Group Vice President and General Manager, Global Original Equipment and Products at Clarios, joins the Valvoline Board with extensive knowledge
LEXINGTON, Ky., Feb. 15, 2021 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), a leading worldwide marketer and supplier of premium branded lubricants and automotive services, today announced the appointment of experienced financial industry leader Mahmoud (Mack) Sharaf to serve as the company's Treasurer and chief liaison to the investment community, effective immediately. As Vice President, Investor Relations and Treasurer, Sharaf will lead the combined Investor Relations and Treasury teams and be responsible for Valvoline's capital markets and capital allocation strategy, treasury operations, and investor relations. He will report to Valvoline's Chief Financial Officer, Mary Meixelsperger.