Latest news with #ChristianBrothersAutomotive
Yahoo
2 days ago
- Automotive
- Yahoo
Christian Brothers Automotive Doubles Down on Growth and Team Investment
Houston-Based Automotive Repair Franchise to Open $12M Technology and Training Center and Expand Shop AC Installations as Part of Long-Term Commitment to its People HOUSTON, Aug. 19, 2025 /PRNewswire/ -- Christian Brothers Automotive (CBA), leading automotive repair franchise, today announced two major initiatives that signal the brand's long-term investment in its people and continued national growth. The brand will soon break ground on a $12 million Technology & Training Center in Katy, Texas, and accelerate a system-wide effort to install air-conditioning in every service bay by mid-2027—an uncommon benefit in the aftermarket space. "If we want to be the best in class, we need to invest in our people and that means more than just training," said Michael Suttle, Chief Development Officer at Christian Brothers Automotive. "These investments reflect how much we value our team members, and how seriously we take our responsibility to care for them." The nearly 14,000-square-foot facility, set to open in early 2027 at 25801 Nelson Way, will serve as a national hub for hands-on training in both technical and guest-service excellence. Equipped with the latest in automotive repair technology including vehicle lifts, diagnostic equipment, and tools for automated driving systems (ADAS), the facility marks a major milestone in CBA's commitment to employee growth and operational excellence. The Katy campus also represents the first phase of a broader vision for the brand's future. In the coming years, CBA plans to relocate its corporate Support Center from Houston's Energy Corridor to the same site, creating a unified headquarters capable of supporting up to 500 employees. In tandem with the Technology & Training Center, CBA is expanding its shop enhancement initiative. More than 100 shops have been retrofitted to feature air-conditioned service bays, and all new shops south of I-70 are now built with AC included. The brand is also supporting franchisees who opt to retrofit existing shops, as part of a broader effort to foster a more comfortable and competitive work environment. "As we look toward the future of our brand, this new campus and our facility upgrades reinforce our belief that growth and purpose go hand in hand," said Donnie Carr, President and CEO of Christian Brothers Automotive. "It's about so much more than building infrastructure. We're creating an environment where our team members, franchisees, and guests all benefit from a stronger, more united brand experience." Founded in Mission Bend, Texas in 1982, Christian Brothers Automotive has redefined the auto care experience. Ranked #1 by J.D. Power for Customer Satisfaction among Aftermarket Full-Service Maintenance and Repair Providers six times in a row**, the brand's priority is to create a positive experience for every guest. From oil changes to complex engine diagnostics, Christian Brothers Automotive adheres to the principle, "Love your neighbor as yourself," and exhibits this commitment through its people-first approach to car care. To learn more about the company and its growing footprint, visit About Christian Brothers Automotive CorporationDedicated to its brand mission "To love your neighbor as yourself," Christian Brothers Automotive has firmly planted its roots in faith and honesty, which have set it apart in the auto services and repair industry. Standing out from the competition, Christian Brothers Automotive ranked #1 in Customer Satisfaction among Aftermarket Full-Service Maintenance and Repair Providers by J.D. Power six times in a row.** With its guiding principles instilled from the very first location in 1982, Christian Brothers Automotive has successfully expanded to more than 315 locations across 30 states. The Houston-based franchise delivers a variety of professional auto-care experiences including upkeep, maintenance, and repair. **Christian Brothers Automotive received the highest score for aftermarket full-service maintenance and repair in the J.D. Power 2019, 2021–2025 Aftermarket Service Index (ASI) Satisfaction Studies of customer satisfaction with automotive aftermarket service providers. Visit for more details. MEDIA CONTACT: Hayden Koone, Fish919cbac@ 893-9150 View original content to download multimedia: SOURCE Christian Brothers Automotive
Yahoo
30-05-2025
- Business
- Yahoo
Four Corners Continues its Acquisition Spree to Boost Portfolio
Four Corners Property Trust FCPT announced the acquisition of the Christian Brothers Automotive property through a sale-leaseback for $4.3 million. The property is located in strong retail corridors with high traffic and attractive demographics in Illinois. The property is under a long-term lease guaranteed by the corporate entity. The transaction was priced at a cap rate in line with prior FCPT transactions. The company also acquired an automotive service property for $5.3 million. Leased to a national operator, this newly constructed property is located in a highly trafficked corridor in Arkansas. Priced at a 6.8% cap rate on rent as of the closing date, exclusive of transaction costs, the property is corporate-operated under a long-term, triple-net lease. This will help secure FCPT's long-term cash flows. These acquisitions highlight the company's expansionary and diversification efforts, which will aid future revenue growth. This real estate investment trust (REIT), mainly engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, has a track record of acquisitions. Apart from the above-mentioned Christian Brothers Automotive property acquisition, this week FCPT acquired four Christian Brothers Automotive properties through sale-leaseback for $16.9 million. The company has also acquired the Caliber Collision property for $4.2 million this week. In May 2025, it acquired three Express Oil Change & Tire Engineers properties for $9.5 million. The above purchases fall in line with FCPT's strategy of structuring a portfolio that will withstand varied economic cycles. However, the company's expansion may face potential headwinds in an elevated interest-rate environment, which could keep its borrowing costs high. Over the past three months, shares of this Zacks Rank #3 (Hold) company have lost 4.4% compared with the industry's decline of 3.3%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader REIT sector are CareTrust REIT CTRE and Uniti Group UNIT, each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for CTRE's 2025 FFO per share has moved two cents northward to $1.81 in the past week. The consensus estimate for UNIT's 2025 FFO per share has been revised upward by 4.2% to $1.50 over the past month. Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs. 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 CareTrust REIT, Inc. (CTRE) : Free Stock Analysis Report Four Corners Property Trust, Inc. (FCPT) : Free Stock Analysis Report Uniti Group Inc. (UNIT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-05-2025
- Automotive
- Yahoo
Four Corners Property Trust, Inc. (FCPT) Expands Portfolio with $16.9M Auto Property Deal
Four Corners Property Trust, Inc. (NYSE:FCPT) has announced the acquisition of four Christian Brothers Automotive sites for $16.9 million via a sale-leaseback transaction. The properties are located across Ohio, Florida, and Nebraska and positioned in high-visibility retail corridors with favourable demographic profiles. A REIT Retail company representative discussing the portfolio growth with a tenant. The California-based company, Four Corners Property Trust, Inc. (NYSE:FCPT) is a real estate investment trust (REIT), engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties. The company's newly acquired sites are backed by a long-term lease from Christian Brothers Automotive's corporate parent, which ensures predictable cash flows. The deal was closed at a capitalization rate in line with Four Corners Property Trust, Inc. (NYSE:FCPT)'s historical benchmarks, indicating a consistency in investment discipline amid tightening market conditions. Four Corners Property Trust, Inc. (NYSE:FCPT) does not issue formal acquisition guidance. However, the trust has previously indicated it remains committed to disciplined growth. The company's Q1 2025 earnings call has expressed concerns regarding the sustainability of high acquisition volumes because of elevated competition alongside strict quality filters. Even so, with a portfolio now exceeding 1,000 properties, Four Corners Property Trust, Inc. (NYSE:FCPT) continues to establish a strong footprint across high-demand U.S. retail sectors. From an equity standpoint, UBS analyst Michael Goldsmith reaffirmed a Buy rating for the company a few days before the acquisition, although lowering the price target to $30 from $33. While we acknowledge the potential of FCPT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FCPT and that has 100x upside potential, check out our report about the READ NEXT: 10 Unstoppable Dividend Stocks to Buy Now and 11 Oversold Global Stocks to Buy According to Hedge Funds Disclosure: None.
Yahoo
15-05-2025
- Automotive
- Yahoo
Christian Brothers Automotive Named #1 in Customer Satisfaction for Full-Service Maintenance and Repair by J.D. Power in 2025 Aftermarket Service Index Study for the Sixth Consecutive Time
People-First Automotive Repair Franchise Earns Top Scores in Five of Seven Factors, Setting the Standard for Aftermarket Service Nationwide HOUSTON, May 15, 2025 /PRNewswire/ -- Christian Brothers Automotive (CBA), a leading automotive repair franchise, has once again earned the highest ranking in customer satisfaction, receiving top honors in the J.D. Power 2025 U.S. Aftermarket Service Index (ASI) Study for the sixth consecutive time.* In the 2025 study, Christian Brothers Automotive scored 855 out of a possible 1,000 points, 39 points above the segment average. The brand also ranked #1 in five of the study's seven key factors: Ease of Scheduling/Getting Vehicle In for Service Service Advisor Performance Service Advisor Courtesy Service Facility Quality of Work "We're honored to be recognized by our guests and by J.D. Power for the sixth time in a row," said Donnie Carr, President and CEO of Christian Brothers Automotive. "This award is a reflection of the care and commitment that our franchisees and team members put into every interaction. At Christian Brothers, we believe car care should feel like people care, and this recognition demonstrates that we're doing just that." The J.D. Power U.S. Aftermarket Service Index (ASI) Study evaluates customer satisfaction among U.S. vehicle owners who visited an aftermarket service facility in the past 12 months. Now in its sixth year, the study measured responses from 10,348 vehicle owners across seven factors, including quality of work, service advisor courtesy, scheduling ease, and overall service experience. Founded in Mission Bend, Texas in 1982, CBA has redefined the auto care experience. The brand's priority is to create a positive experience for every guest. From oil changes to complex engine diagnostics, CBA adheres to the principle, "Love your neighbor as yourself," and showcases this commitment through its people-first approach to car care. For more information, please visit Follow us on Facebook and LinkedIn for the latest news and trends. About Christian Brothers Automotive CorporationDedicated to its brand mission "To love your neighbor as yourself," Christian Brothers Automotive has firmly planted its roots in faith and a transparent approach, which have set it apart in the auto services and repair industry. With its guiding principles instilled from the very first location in 1982, Christian Brothers Automotive has successfully expanded to more than 308 locations across 30 states. The Houston-based company delivers a variety of professional auto-care experiences including upkeep, maintenance, and repair. **Christian Brothers Automotive received the highest score for aftermarket full-service maintenance and repair in the J.D. Power 2019, 2021–2025 Aftermarket Service Index (ASI) Satisfaction Studies of customer satisfaction with automotive aftermarket service providers. Visit for more details MEDIA CONTACT:HAYDEN KOONE, FISH 919HKOONE@ 893-9150 View original content to download multimedia: SOURCE Christian Brothers Automotive Sign in to access your portfolio
Yahoo
09-05-2025
- Yahoo
Suspect identified in DeSoto County hospital crash: Police
MEMPHIS, Tenn. — A suspect driving the emergency unit who crashed into a DeSoto County hospital was identified and was also involved in a vehicle crash moments earlier on Goodman Road, Southaven police say. Southaven Police confirmed the woman involved in this Goodman Road crash was Kandanice Stevenson, who also crashed a Southaven Paramedic unit into Baptist Desoto Hospital Wednesday morning. 'We were inside and we heard a loud noise and there was an accident right here in our intersection,' said Corey Merrill, General Manager, Christian Brothers Automotive. Ambulance crashes into Baptist DeSoto Hospital; suspect in custody: Police 'A car traveling probably 50 miles an hour drove out of the neighborhood and sideswiped a Dodge Durango, and then she turned the corner, ran over the curb, and continued down the street,' said Merrill. The vehicle driven by a woman flipped into a ditch alongside Goodman Road. Merill said when he arrived on the scene, the woman was bouncing around the inside of the car saying prayers. He tried to help her get out, and she said 'I'm not taking any outside help.' He says paramedics arrived and transported the victim. Police have not released the charges against Stevenson or how she was able to take control of the emergency vehicle. A spokesperson told WREG one employee received minor injuries, but no patients were injured, and emergency room operations were not affected by the crash. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
