Anyone who owns a car knows that the investment only begins at the point of purchase. There's gas, maintenance, insurance, and a lot of time and labor that goes into vehicle ownership.
Multiply all that by a few hundred (or a few thousand) vehicles, and you get an idea of what a big task "fleet management" is.
Now, instead of personal vehicles, substitute some of the biggest, most advanced, and most mission-critical vehicles on the planet. That's what the company I'm showing you today is responsible for.
This small-cap stock also has a top score from our Money Morning Stock VQScore™ system.
Plus, this pick is severely undervalued right now. By at least one metric, it's worth 10 times its current share price.
And that's before you factor in the growth of the industry.
Thanks in large part to the shifting landscape of transportation – including self-driving and remote-controlled vehicles, GPS systems, and electronic logging devices – researchers at FleetCarma project the fleet management market will double between 2017 and 2022.
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That's going to be a major boost for a company that is already a top defense contractor and federal services provider. And with its sub-$400 million market cap, it has room to absolutely soar.
In other words, this could be a true rocket stock in your portfolio if you grab it now.