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IHS Markit's (INFO) automotiveMastermind Develops Virtual BDC

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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.

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CoreLogic, Inc. (CLGX) : Free Stock Analysis Report
IHS Markit Ltd. (INFO) : Free Stock Analysis Report
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Parsons Corporation (PSN) : Free Stock Analysis Report
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