Ryan Domyancic estimates Core-Mark will generate non-GAAP EPS for $1.20 in 2017 and $1.41 in 2018.

"Core-Mark is driving sales and profits among its independent convenience store customer base through three value-added service programs," Domyancic said. "The vendor consolidation initiative increases Core-Mark’s shelf share at customer stores by bidding on products customers purchase from other distributors."

Domyancic said that since it is selling products that are in high demand by consumers -- such as juices, milk, produce and the like -- there will be higher margins for convenience stores and higher profits at customer stores, all leading to higher profits for Core-Mark.