SPAR Profile
Spartan Motors, Inc. (SPAR) is a company that designs, engineers, and manufactures specialty vehicles and chassis. The company operates through two segments: Fleet Vehicles and Services (FVS) and Specialty Chassis and Vehicles (SCV).
The Fleet Vehicles and Services segment provides delivery and service vehicles for the e-commerce, food and beverage, parcel delivery, and service markets. This segment also provides aftermarket parts and services to support these vehicles.
The Specialty Chassis and Vehicles segment provides motorhome chassis, emergency response chassis, and other specialty vehicles for the defense, aviation, and other industries.
Spartan Motors has been in business since 1975 and is headquartered in Charlotte, Michigan. The company has a diverse customer base, including commercial fleets, the military, and individual consumers.
Investing in Spartan Motors may be of interest to those who are bullish on the specialty vehicle and chassis market, as well as those who believe in the company's ability to execute its growth strategy. However, as with any investment, there are risks involved, including industry-specific risks, market volatility, and geopolitical risks. It is important to conduct thorough research and consult with a financial advisor before investing in any individual stock.
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