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Can You Buy QuikTrip Stock? Here is Everything You Need to Know!

Jenna Gleespen - October 11, 2021

quiktrip stock

QuikTrip is one of the most successful convenience store/gas station chains in the US. Like others in its industry, the company has amassed a loyal following, so many investors are looking to cash in on its success. But, can you buy QuikTrip stock? Read more to find out!

quiktrip stock

What Is Quicktrip?

QuikTrip Corporation was founded in Tulsa, Oklahoma, in 1958.

Surprisingly enough, it didn’t start as a gas station, though.

If you take a look at the company’s history, you’ll find that it began as a small grocery store.

When QuikTrip expanded, development led it to sell fuel, as well; and over the years, the company has seen a lot of growth.

In 2005, QuikTrip received a commercial award for being a “Top Tier” fuel provider, meaning that it exceeds the EPA’s standards for gasoline.

To date, QuikTrip has over 900 locations in eleven states.

At those 900 plus locations, the company has over 24,000 employees.

The data released for 2020 shows that the company made $11.2 billion in revenue.

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Can You Buy QuikTrip Stock?

At this time, you cannot purchase QuickTrip stock.

It is a privately held company that has no plans for an initial public offering (IPO).

Employees, on the other hand, can join QuikTrip’s employee stock ownership plan (ESOP).

Who Owns QuikTrip?

QuikTrip is owned by the Cadieux family.

The company was founded by Chester Cadieux II and is currently being run by his son Chet Cadieux III.

quiktrip stock

Can You Buy QuikTrip Stock: QuikTrip Stock Symbol

Because QuikTrip isn’t publicly traded, it does not have a stock symbol for any exchange.

Why Is QuikTrip Successful?

When you review the QuikTrip website, you’ll find the reason that the company sees such success.

QuikTrip was founded to serve others.

The company genuinely cares about employees and customers, and it shows in everything it does.

The company aims to serve each market it serves to the best of its abilities.

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Rather than manage small stores like other companies, QuikTrip only puts stores in larger markets.

And this keeps the money rolling in.

Should You Buy QuikTrip Stock if It Goes Public?

Convenience stores have been called recession-proof investments when they’re in portfolios.

This is because no matter what’s happening with the economy, vehicles will always need fuel.

So if you want to have a recession-proof investment, consider investing in QuikTrip if it goes public!

In the case of an IPO, you can expect QuikTrip’s share price to be fairly high.

However, make sure to do your due diligence before investing in any company, including QuikTrip.

For now, there are some competitors worth looking into.

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QuikTrip Competitors to Invest In

If you’re looking for companies like QuikTrip to invest in, check out some of its competitors!

Casey’s General Stores, Inc. (NASDAQ: CASY)

Casey’s is another convenience store chain that serves the Midwest and the South.

The company is present in 16 different states with over 2,000 stores.

Casey’s has loyal customers, just like many other top convenience stores and gas stations.

However, Casey’s is one of the largest chains when you look at its financials.

The company has revenue close to QuikTrip, with 2020 totaling $9.1 billion.

quiktrip stock

Marathon Petroleum Corp. (NYSE: MPC)

If you’re considering industrial companies centered around gasoline, Marathon is a good investment idea.

It covers the entire market, rather than just the retail side of things.

Marathon refines, markets, and transports fuel.

Marathon saw $20 billion in revenue in 2020.

The market value of its shares may not be exceptionally high, but it’s certainly steady.

quiktrip stock

TravelCenters of America, Inc. (NASDAQ: TA)

TravelCenters of America is the largest publicly traded truck stop in the U.S.

The company employs over 16,000 people at nearly 300 locations.

The number of employees per location seems a little high, but it’s because TravelCenters’ truck stops are full-service, which requires more staff to operate effectively.

The company saw $6.1 billion in revenue last year.

quiktrip stock

QuikTrip Stock: Final Thoughts

If you want to invest in QuikTrip, you’re out of luck for the time being

However, if QuikTrip goes public, you can bet that eager investors will line up to purchase shares.

We’ll make sure to update you in the case of a QuickTrip IPO.

In the meantime, for more information on stocks like this, be sure to review our other articles!



Jenna Gleespen is a copywriter specializing in finance and investment finance. Originally from the United States, she now calls London, England home.