ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

IndyCar Driver Marcus Armstrong to Represent Root Insurance at Detroit Grand Prix

COLUMBUS, Ohio, May 30, 2024 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance, is proud to have Marcus Armstrong, the 2023 NTT INDYCAR SERIES Rookie of the Year, representing Root at the Detroit Grand Prix race this weekend, May 31 - June 2. Root will be the primary partner for Armstrong's No. 11 Honda as he continues to make impressive moves on the track this season.

Armstrong sported the Root Honda at the Children’s of Alabama Indy Grand Prix at Barber Motorsports Park on April 28th where he reached the Fast Six in qualifying for the first time in his career and finished 9th in the race, further solidifying his status as one of racing's rising stars. Along with the talented Rookie of the Year, the company is excited to be partnered with Chip Ganassi Racing, one of the most successful teams in motorsports history.

"We are incredibly proud to partner with Chip Ganassi Racing and support Marcus Armstrong as he continues his journey in motorsports," said Jason Shapiro, Senior Vice President of Business Development at Root. "Marcus's performance at the Barber track was a testament to his remarkable skill and dedication. We're excited to cheer him on as he represents Root on the track in Detroit."

The company unveiled the striking livery for the Root Honda at the Barber Motorsports Park in April. The design features a dynamic palette of Root’s signature orange and bold black. The eye-catching livery will stand out on the track as Armstrong takes on the Streets of Detroit.

"This partnership with Root is an exciting opportunity for Chip Ganassi Racing," said Chip Ganassi, Team Owner. "Marcus has already proven himself to be a fast competitor on the track, and with Root's support, we're confident he'll continue to get even better. We can't wait to see what the rest of the season holds for Marcus and the Root team."

In addition to the upcoming race in Detroit, Armstrong will be behind the wheel of the Root Honda at the Mid-Ohio race in July and the Nashville race in September. As Armstrong gears up for the next round of races, Root invites fans to join them in cheering on this talented driver as he continues to make his mark on the world of Indycar racing.

About Root, Inc.
Founded in 2015 and based in Columbus, Ohio, Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company. Root is revolutionizing insurance through data science and technology to provide consumers a personalized, easy, and fair experience. The Root app has nearly 13 million app downloads and has collected more than 25 billion miles of driving data to inform their insurance offerings.

For further information on Root, visit root.com.

Media Contact
press@joinroot.com

IR Contact
ir@joinroot.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b004adb2-fd3f-46bc-95bc-73bc47811269


Primary Logo

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.