Quest Resource Holding Corporation partners with Stonebriar Auto Services to enhance waste management and sustainability efforts.
Quiver AI Summary
Quest Resource Holding Corporation has announced a partnership through its subsidiary, Quest Resource Management Group, with Stonebriar Auto Services, a prominent oil change and maintenance franchise based in the Southwest. This collaboration aims to enhance Stonebriar's operational and sustainability goals by providing comprehensive waste and recycling services across its service locations. Quest's solutions will address various waste streams, including oil and antifreeze, ultimately improving operational efficiency and service quality. Both companies emphasize their commitment to superior client service and community responsibility, with Stonebriar's recent growth and award-winning service further reinforcing this partnership's potential for success.
Potential Positives
- Quest Resource Holding Corporation has formed a strategic partnership with Stonebriar Auto Services, enhancing its position in the environmental waste and recycling industry.
- The collaboration allows Quest to provide comprehensive waste and recycling solutions tailored to the automotive service sector, which is a significant growth area for the company.
- This partnership aligns with both companies' goals of operational excellence and sustainability, potentially leading to increased client satisfaction and retention.
- Quest's innovative approach to waste management will enable Stonebriar Auto Services to improve its operational efficiencies and meet its sustainability targets more effectively.
Potential Negatives
- There is no mention of Quest Resource Holding Corporation's financial performance or how the partnership may impact its revenue or growth, leaving investors without crucial information regarding the potential economic benefits of the agreement.
- The press release highlights a new partnership, but does not provide specific details on how it will differentiate Quest from competitors in the waste management and recycling sector.
- The focus on Stonebriar Auto Services and its operational excellence may overshadow Quest's own operational challenges or weaknesses that are not addressed in the release.
FAQ
What is the partnership between Quest and Stonebriar Auto Services?
Quest Resource Management Group has partnered with Stonebriar Auto Services to provide waste and recycling solutions for their locations.
How will this partnership improve Stonebriar's operations?
The partnership will enhance operational efficiency and support Stonebriar's sustainability goals through comprehensive waste management solutions.
What services does Quest provide to Stonebriar Auto Services?
Quest offers a range of waste and recycling services tailored for auto service centers, including management of oil, filters, tires, and antifreeze.
When was Stonebriar Auto Services founded?
Stonebriar Auto Services was founded in late 2019 and operates Jiffy Lube auto service locations across the nation.
How does Quest track its environmental impact?
Quest provides actionable data and reports to clients, tracking the environmental results of its services and improving operational efficiency.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$QRHC Insider Trading Activity
$QRHC insiders have traded $QRHC stock on the open market 7 times in the past 6 months. Of those trades, 4 have been purchases and 3 have been sales.
Here's a breakdown of recent trading of $QRHC stock by insiders over the last 6 months:
- AUDREY DUNNING purchased 1,400 shares.
- S. RAY HATCH (President and CEO) has traded it 2 times. They made 2 purchases, buying 5,317 shares and 0 sales.
- BRETT WADE JOHNSTON (Sr. VP of Finance and CFO) purchased 1,500 shares.
- DAVID P SWEITZER (EVP and COO) has traded it 3 times. They made 0 purchases and 3 sales, selling 58,481 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$QRHC Hedge Fund Activity
We have seen 35 institutional investors add shares of $QRHC stock to their portfolio, and 31 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NEEDHAM INVESTMENT MANAGEMENT LLC added 350,000 shares (+inf%) to their portfolio in Q3 2024
- FIRST EAGLE INVESTMENT MANAGEMENT, LLC removed 127,320 shares (-45.0%) from their portfolio in Q3 2024
- NORTHERN TRUST CORP added 95,576 shares (+300.2%) to their portfolio in Q3 2024
- BLACKROCK, INC. added 76,247 shares (+10.7%) to their portfolio in Q3 2024
- EAM INVESTORS, LLC removed 72,048 shares (-100.0%) from their portfolio in Q3 2024
- PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. added 60,005 shares (+inf%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC removed 56,908 shares (-100.0%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
THE COLONY, Texas, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Today, national leader in environmental waste and recycling solutions, Quest Resource Holding Corporation (
NASDAQ: QRHC)
("Quest"), confirmed its previous announcement made during the third quarter 2024 financial results earnings call, that its Quest Resource Management Group subsidiary has entered into an agreement with Stonebriar Auto Services, the leading oil change and maintenance franchise headquartered in the Southwest.
The partnership brings together two organizations that excel in operational excellence and provide clients with a superior service experience. Together, the organizations will strengthen Stonebriar Auto Service's ability to grow its business while meeting its operational and sustainability goals.
Quest will provide waste and recycling services to Stonebriar Auto Services' service locations. The turnkey solutions will fully align with Stonebriar Auto Services' strategy of delivering the operational improvements and cost efficiencies needed to provide unparalleled service to its customers and the communities in which it operates.
Founded in late 2019, Stonebriar Auto Services owns and operates Jiffy Lube auto service and maintenance locations nationwide. With state-of-the-art facilities, equipment, and operations, Stonebriar Auto Services is committed to providing excellent guest service, which includes speed, friendliness, and quality of work. Over its short history, Stonebriar Auto Services has won multiple awards for its commitment to operational excellence and outstanding customer experience.
"Quest is excited to announce our new partnership with Stonebriar Auto Services. Our white-glove approach to client service will provide them with a superior experience while advancing their results toward key business and sustainability goals," said Quest President and CEO S. Ray Hatch. "Quest's solutions address all business waste streams, and for auto service centers, that includes things like oil, oil filters, tires, and antifreeze. We use a combination of proven processes and pioneered protocols to achieve historic recycling rates for many of these challenging materials."
"We're thrilled to partner with Quest to improve the waste operations across our network of locations," said Steve Isom, Executive Vice President for Stonebriar Auto Services. "The data-driven insights that Quest provides will allow us to continuously improve our waste and recycling programs as we grow while providing safer, cleaner, and healthier facilities for our clients, employees, and the surrounding communities."
This partnership signifies Quest's ongoing dedication to service businesses with diverse and complex waste streams while delivering substantial operational, cost, and sustainability benefits. For companies with hundreds or thousands of locations, such as retailers, or with diverse and challenging waste streams, such as manufacturers, Quest has turnkey solutions that deliver business excellence.
About Quest Resource Holding Corporation
Quest is a national provider of waste and recycling services that enable larger businesses to excel in achieving their environmental and sustainability goals and responsibilities. Quest delivers focused expertise across multiple industry sectors to build single-source, client-specific solutions that generate quantifiable business and sustainability results. Addressing a wide variety of waste streams and recyclables, Quest provides information and data that tracks and reports the environmental results of Quest's services, gives actionable data to improve business operations, and enables Quest's clients to excel in their business and sustainability responsibilities. For more information, visit
.
About Stonebriar Auto Services
Stonebriar is a national provider of automotive service and maintenance services. Founded in late 2019, Stonebriar Auto Service owns and operates Jiffy Lube locations nationwide, with plans to grow using the latest in new store designs. With state-of-the-art facilities, equipment, and operations, Stonebriar Auto Services is committed to hiring local leadership, integrating into their community, and providing excellent guest service, which includes speed, friendliness, and quality of work. For more information, visit
linkedin.com/company/stonebriarautosvs
.
Media Contacts
Quest Resource Management Group
Leigh Harrington
972.464.0014
Stonebriar Auto Services
Gerry Robinson
Gerry.Robinson@stonebriarautoservices.com
