Should You Add Valvoline (VVV) to Your Portfolio Now?

Investment management company Ave Maria recently released its “Ave Maria Growth Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. At the end of the third quarter, the fund returned -5.80% compared to a -4.88% return for the S&P 500 Index. You can check the top 5 holdings of the fund to know its best picks in 2022.

Ave Maria highlighted stocks like Valvoline Inc. (NYSE:VVV) in its Q3 2022 investor letter. Headquartered in Lexington, Kentucky, Valvoline Inc. (NYSE:VVV) is an automotive services provider. On January 4, 2023, Valvoline Inc. (NYSE:VVV) stock closed at $33.28 per share. One-month return of Valvoline Inc. (NYSE:VVV) was 3.32%, and its shares lost 8.70% of their value over the last 52 weeks. Valvoline Inc. (NYSE:VVV) has a market capitalization of $5.805 billion.

Ave Maria made the following comment about Valvoline Inc. (NYSE:VVV) in its Q3 2022 investor letter:

“Following the divestiture of its Global Products business, Valvoline Inc. (NYSE:VVV) will be a pure play instant oil change business. The remaining business is highly cash generative and earns exceptional returns on invested capital, all while rapidly growing its same-store sales and unit count.”

Car, Automotive, Oil

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Valvoline Inc. (NYSE:VVV) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 40 hedge fund portfolios held Valvoline Inc. (NYSE:VVV) at the end of the third quarter, which was 39 in the previous quarter.

We discussed Valvoline Inc. (NYSE:VVV) in another article and shared best oil refinery stocks to buy. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.