Navistar International Corporation NAV has inked a service partnership deal with the U.S.’s industry-leading travel stop network Love's Travel Stops (Love’s). This partnership with Love’s will enhance customers’ uptime in various ways.
This collaboration will add more than 1,000 technicians and 315 service locations, and increase operating time. Also, the partnership will enhance repair velocity, allowing customers to get their trucks repaired on the same day.
This alliance between Navistar and Loves creates the largest service network of the commercial transportation industry. This brings the international service network in North America to more than 1,000 locations.
The partnership is likely to be fully operational in the second half of 2019. This allows the majority of service locations of Love’s to handle a large array of work covered by Navistar-issued new-product warranties, extended warranties and used-truck warranties.
In the past three months, shares of Navistar have outperformed the industry it belongs to. Over this time frame, the stock has gained 28.8% while the industry grew 15.8%.
Navistar currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the auto space are Ferrari N.V. RACE, Oshkosh Corp. OSK and General Motors Company GM. While Ferrari currently sports a Zacks Rank #1 (Strong Buy), Oshkosh and General Motors carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ferrari has an expected long-term growth rate of 18.5%. Over the past year, shares of the company have risen 2.8%.
Oshkosh has an expected long-term growth rate of 11.3%. Over the past six months, shares of the company have surged 11%.
General Motors has an expected long-term growth rate of 8.5%. Over the past three months, shares of the company have risen 10.5%.
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