U.S. Markets open in 3 hrs 44 mins
  • Crude Oil

    70.51
    -0.05 (-0.07%)
     
  • Gold

    1,776.70
    -1.50 (-0.08%)
     
  • Silver

    22.53
    -0.04 (-0.17%)
     
  • EUR/USD

    1.1737
    +0.0007 (+0.0587%)
     
  • 10-Yr Bond

    1.3240
    0.0000 (0.00%)
     
  • Vix

    23.01
    -2.70 (-10.50%)
     
  • GBP/USD

    1.3633
    -0.0031 (-0.2290%)
     
  • USD/JPY

    109.4990
    +0.2790 (+0.2554%)
     
  • BTC-USD

    44,590.88
    -3,435.44 (-7.15%)
     
  • CMC Crypto 200

    1,055.20
    -8.64 (-0.81%)
     
  • FTSE 100

    7,055.20
    +74.22 (+1.06%)
     
  • Nikkei 225

    29,639.40
    -200.31 (-0.67%)
     

IHS Markit's (INFO) automotiveMastermind Develops Virtual BDC

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

IHS Markit Ltd.’s INFO automotiveMastermind announced on Monday that it has developed a virtual Business Development Center (BDC) program to support its dealer partners during the coronavirus pandemic.

The program, which is currently piloting with 215 stores across the United States, has already generated 339 hours of work on behalf of dealer partners and booked 283 sales follow-ups and virtual appointments.

Mastermind co-founder and CEO Marco Schnabl stated, "Since the beginning of the COVID-19 challenges, we've encouraged our dealer partners to pivot their operations, including remote sales and maximizing their BDCs. We practice what we preach and serving as an extension of our customers' BDCs is a critical way we can support them."

Additional Resources

Furthermore, Mastermind’s Virtual Resource Center, through whitepapers, checklists, and videos, is helping dealerships pivot operations, and adjust to sales and services to address the COVID-19-related challenges.

Also, it is hosting free webinars that cover topics on how to maximize service drive, develop virtual leadership and initiate auto leads during and after the pandemic.Further, it is bestowing $25 per virtual demo and $100 per deal signed to the CDC Foundation through Apr 30.

Mastermind noted that it is in a continuous process of developing COVID-19-related resources for dealerships.

Notably, IHS Markit’s shares have gained 20.8% over the past year, outperforming the 6% rally of the industry it belongs to.

Zacks Rank and Stocks to Consider

IHS Markit currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Business Services sector are Parsons Corporation PSN, CoreLogic CLGX and GreenSky GSKY, each carrying a Zacks Rank #2 (Buy), currently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The long-term expected EPS (three to five years) growth rate for Parsons, CoreLogic, GreenSky and Elastic N.V. is 10%, 11% and 13%, respectively.

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.

This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.

See their latest picks free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
CoreLogic, Inc. (CLGX) : Free Stock Analysis Report
 
IHS Markit Ltd. (INFO) : Free Stock Analysis Report
 
GreenSky, Inc. (GSKY) : Free Stock Analysis Report
 
Parsons Corporation (PSN) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research