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ABM, QuickPay Make Parking Easier

Zacks Equity Research

ABM Industries Incorporated (ABM) recently formed a partnership with QuickPay Corp. to augment the parking experience of its clients. In collaboration with QuickPay, a mobile parking and payment platform, ABM introduced a new innovative mobile app that will let users locate parking spaces and pay from their smartphones.

The QuickPay smartphone app is available for iPhone and Android-based smartphones. This value-added service from ABM enhances the overall experience of the drivers by giving them all parking receipts and parking history online without the hassles of standing in a queue for payments. The drivers can now pay for parking through the QuickPay app and can also know through message alerts when their prepaid time is running out.

ABM has developed a key expertise in serving a variety of clients and addressing their challenges on a regular basis. The QuickPay app is already available at approximately 60 ABM-operated parking locations and are expected to be offered at 50 more locations over the next month.

Headquartered in San Francisco, CA, ABM provides engineering, janitorial, parking, and security services to commercial, industrial, institutional, and retail facilities across the U.S. as well as Puerto Rico, British Columbia, and Canada. In the last reported quarter, ABM reported revenues of $1.2 billion, up 13.0%year over year.

ABM currently has a Zacks Rank #2 (Buy). Other stocks that also look promising and are worth considering now in the industry include Huron Consulting Group Inc. (HURN) and Stantec Inc (STN), both carrying a Zacks Rank #1 (Strong Buy), and  NV5 Holdings, Inc (NVEE), carrying a Zacks Rank #2 (Buy).

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Read the Full Research Report on HURN
Read the Full Research Report on STN

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