Warrantech Parent Co. Listed as a FORTUNE Top 100 Fastest Growing Company
BEDFORD, Texas – AmTrust Financial Services, parent company of Warrantech, a provider of automotive and consumer product extended service plans, has been ranked 60th by FORTUNE Magazine on its Top 100 Fastest Growing Companies list.
FORTUNE describes the list as “Our annual roster of high performers that reveals the promising saplings that are rising in a difficult economy and the stalwarts that deliver year after year.” AmTrust, publicly traded on the NASDAQ Global Market under symbol AFSI, was recognized based on three key criteria over the previous three years: earnings growth of 28%, revenue growth of 34% and a total return of 40%.
“Warrantech is proud to be a part of such a dynamic organization at this exciting time,” said Sean Stapleton, CEO and president of Warrantech. “We are honored that Warrantech’s unique, customer centric protection plans for the automotive and consumer product industries are key contributors to the overall financial growth of the organization. We are thrilled that our growth is attributable to the continued success of our clients and their sale of offerings we helped to develop, implement and administer.”
More Industry
Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
Exposure Drives Interest in Chinese Cars
At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Agent Advocate
Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.
Read More →
Driving Under Distraction
Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
Read More →
Affordable New Cars a Thing of the Past
More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.
Read More →
State Follows Federal Warning on Auto Ads
The Massachusetts attorney general cautioned the state’s automotive dealers to be upfront with the consuming public about their vehicle prices or risk punishment.
Read More →
Consumer Outlook on the Rise
Younger generations are feeling more positive about their financial futures and current affordability pressures than older generations, according to recent TransUnion data.
Read More →
Pennsylvania Dealership Under New Retailers
The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.
Read More →
Battery Storage Takes Priority Over EVs
U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.
Read More →