Buc-ee’s is a U.S.-based convenience store/gas station company that’s gained a cult following for its wide variety of products, clean facilities, and exceptional customer service. Because of its rampant success, many investors are looking to add Bucees stock to their portfolio.
If you ask people about their favorite pit stop in the South, you’ll likely hear about Buc-ee’s.
With its vast assortment of products and food and top-tier customer service, Buc-ee’s has grown into a major player in the convenience store/gas station industry.
But can you buy Bucees stock?
Keep reading to find out more about the company, whether you can buy Bucees stock as well as some competitors that might be worth investing in.
What Is Buc-ee’s?
Buc-ee’s is a southern chain of convenience stores that has been making waves.
In fact, in its market, many consider the company to be a top contender for the best gas station.
This is why you see Buc-ee’s bumper stickers and car magnets adorn vehicles of all types in the South.
Learn more about this growing Texas gem below.
A Little Background on Buc-ee’s
Buc-ee’s started in Texas in 1982 and was founded by Don Wasek and Arch “Beaver” Aplin III.
The company’s headquarters are located in Lake Jackson, Texas, near the original site in Clute.
Unsurprisingly, the first location is still open, and it’s considered somewhat of a landmark by Bucees fans.
More Than a Gas Station or a Convenience Store
Buc-ee’s is more than just your typical gas station or convenience store.
The chain refers to its locations as “travel centers”, similar to truck stops.
While the company focuses on the convenience aspect of a typical store, it expands on it by offering a large volume of items and great customer service.
So Buc-ee’s locations seem more like full-fledged grocery stores than convenience stores.
Buc-ee’s fans appreciate the clean and brightly lit sections, which include maps and other travel information, as well as the large range of goods available.
Buc-ee’s Coveted Carwash
Another major draw for travelers is that Buc-ee’s is family-friendly and ready to entertain your road trip at a moment’s notice.
The company also has a charming beaver mascot, which is based on the founder’s childhood nickname.
Another one of the Buc-ee’s draws is its car wash membership.
The membership provides unlimited access to the car wash at any Buc-ee’s for the month.
There is no limit, so you could come back daily if you really wanted to.
Setting Records: World’s Largest Convenience Store
In 2012, Buc-ee’s opened a new location, which was the world’s largest convenience store in New Braunfels, Texas.
The location is a 68,000 square foot installation, and it’s the largest of its kind in terms of square footage alone.
However, that’s not all Buc-ee’s has going for it.
The world record-holding location has 120 gas pumps, offering all types of gas including unleaded, diesel, and ethanol-free.
Buc-ee’s Announced Growth and Expansion
Since 2016, Buc-ee’s has been making moves to expand beyond its home state of Texas.
The company’s desire to grow has been slowed by the pandemic, of course, but only one announced site located in North Carolina has been shelved.
This wasn’t done due to the pandemic but because locals were concerned about the site’s impact on the environment.
Buc-ee’s was kind enough to respect their wishes.
And it’s this community-first approach that has driven such a dedicated following for the company.
Buc-ee’s Is Expanding All Over the U.S.
As of right now, Buc-ee’s has locations in Texas, Alabama, Florida, and Georgia.
However, the company is breaking ground on locations in Kentucky, Mississippi, Tennessee, and South Carolina.
All of these locations have high hopes, and the jobs being created by Buc-ee’s are hot topics in the news.
Buc-ee’s Employee Culture
Buc-ee’s is well-known and highly regarded for its fair and kind treatment of employees.
In fact, there are numerous guides on how to land a job with the company because it is so popular with current and past staff.
This says a lot about the Buc-ee’s as a whole and its business model.
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Who Owns Buc-ee’s?
Buc-ee’s is still owned by the original founders, Don Wasek and Arch Aplin III.
They have held and run the company since its original founding in 1982.
The partners have not indicated any intention of selling the company, as they are still the head of all expansions at this time.
Can You Buy Buc Ee’s Stock? Buc-ee’s Stock Symbol
Buc-ee’s stock is not currently available for purchase, as it’s a privately owned company.
When searching for information regarding its stock you’ll be directed to its website.
One line on its FAQ reads:
“Buc-ee’s is privately owned. We have no plans at this time of becoming publicly traded.”
If the company ever plans on announcing an initial public offering (IPO), it will likely change this section on its website.
Why Is Buc-ee’s Successful?
Buc-ee’s is successful for a number of reasons.
First, the company isn’t a chain with countless locations littered about the States.
In fact, Buc-ee’s only has 40 locations at the time of writing this article.
So while Buc-ee’s is moving to other states, the company is doing so in a much more conservative manner.
Many customers prefer this approach, as it allows the company to create new locations while maintaining a small company feel.
Buc-ee’s Locations Are Strategically Positioned
All of Buc-ee’s locations are placed on or near a major highway, about an hour outside major cities.
Its stores are the last stop for people leaving the city or the first stop for people entering it.
With smart decisions like this, it’s no wonder that the company saw over $500 million in revenue.
Buc-ee’s Competitors You Can Invest In
With Buc-ee’s choosing to remain a private company, you may be looking for some of its competitors to invest in.
Here are some similar stocks that may interest you.
Casey’s General Stores (NASDAQ: CASY)
Another popular convenience store chain, Casey’s General Stores is a stock that would be comparable to Buc-ee’s.
The chain is located in the Midwest and Southern U.S. and has over 2,000 stores.
The company has locations in 16 states and has been around since 1959.
Casey’s growth was exponential from the 1970s to the 1990s.
As of 2019, the company saw nearly $10 billion in revenue.
This makes it a major player in the gas station and convenience store industry.
Also, Casey’s stock has shown steady growth over the last 5 years, so its shares could be a good buy-and-hold investment.
TravelCenters of America, Inc. (NASDAQ: TA)
TravelCenters of America is the largest publicly traded truck stop in the country.
The company is a full-service truck stop, meaning that it houses fueling stations, restaurants, and facilities for use by the public.
This makes TravelCenters similar to Buc-ee’s, but it’s more focused on serving the trucking industry than it is for casual travelers.
The company operates in 44 states within the U.S.
TravelCenters also has a Canadian location, making it an international option for investing.
As of 2021, the company has nearly 20,000 employees.
In 2019, TravelCenters reported $6.1 billion in revenue, which is pretty impressive.
Marathon Petroleum Corp. (NYSE: MPC)
Marathon is a petroleum refining company.
In addition to refining fuel, the company also markets and distributes refined gasoline.
Marathon has many branded gas stations across the country, but its real money is made by refining oil and fuel.
This makes the company a supplier and a distributor, strengthening its position in the market.
Marathon owns 16 individual refineries in the U.S., and it’s capable of refining 3 billion barrels of oil a day.
The company is in the top-200 largest publicly traded companies in the world.
Investing in Marathon could be a solid bet if you’re looking to put your money into the gasoline and convenience store industry.
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Should You Buy Bucees Stock if It Goes Public?
Buc-ee’s has reached a notable level of popularity among travelers that keeps them coming back.
With locations popping up around America, you can be sure that Buc-ee’s growth will continue at a steady rate.
Given its solid earnings, room for growth, and dedicated customer base, Buc-ee’s stock could be a worthwhile investment — if the company ever goes public.
That being said, Buc-ee’s owners have made it clear that the company doesn’t plan on going public any time soon.
However, if the company does offer an IPO, you still need to do your due diligence to decide if its stock fits your portfolio and investment goals.
Buc-ee’s Stock: Final Thoughts
Buc-ee’s has been growing steadily for many years and shows no signs of stopping.
The company has a loyal customer base, which is one of the reasons it’s taken the convenience store industry by storm.
Also, it’s no surprise that the Buc-ee’s is flourishing, given its unique approach and smart positioning strategy.
Really, Bucees’ decision to remain privately owned makes sense, as it’s staying true to the business model that has worked for so long.
But, if Buc-ee’s decides to go public, it could be a worthy addition to your portfolio.
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