CVCO Stock - Cavco Industries, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $2.02B | $1.79B | $2.14B | $1.63B | $1.11B |
| Gross Profit | $465.59M | $426.90M | $554.93M | $408.75M | $238.98M |
| Gross Margin | 23.1% | 23.8% | 25.9% | 25.1% | 21.6% |
| Operating Income | $190.28M | $178.98M | $296.61M | $202.50M | $88.83M |
| Net Income | $171.04M | $157.82M | $240.55M | $197.70M | $76.65M |
| Net Margin | 8.5% | 8.8% | 11.2% | 12.1% | 6.9% |
| EPS | $20.97 | $18.55 | $27.20 | $21.54 | $8.34 |
Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, and MidCountry brands. It also builds park model RVs; vacation cabins; and factory-built commercial structures, including apartment buildings, condominiums, hotels, workforce housing, schools, and housing for the United States military troops. In addition, the company produces various modular homes, which include single and multi-section ranch, split-level, and Cape Cod style homes, as well as two- and three-story homes, and multi-family units. Further, it provides conforming and non-conforming mortgages and home-only loans to purchasers of various brands of factory-built homes sold by company-owned retail stores, as well as various independent distributors, builders, communities, and developers. Additionally, the company offers property and casualty insurance to owners of manufactured homes. As of April 3, 2022, it operated 45 company-owned retail stores in Oregon, Arizona, Nevada, New Mexico, Texas, Indiana, Oklahoma, Florida, and New York. The company also distributes its homes through a network of independent distribution points in 48 states and Canada; and through planned community operators and residential developers. Cavco Industries, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 3rd 2024 | Wedbush | Downgrade | Neutral | $480 |
| August 5th 2022 | Wedbush | Upgrade | Outperform | $385← $315 |
Earnings History & Surprises
CVCOEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 20, 2026 | — | — | — | — |
Q1 2026 | Jan 29, 2026 | $6.00 | — | — | — |
Q4 2025 | Oct 30, 2025 | $6.30 | $6.55 | +4.0% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $5.81 | $6.42 | +10.5% | ✓ BEAT |
Q2 2025 | May 22, 2025 | $4.87 | $5.40 | +10.9% | ✓ BEAT |
Q1 2025 | Jan 30, 2025 | $4.89 | $6.90 | +41.1% | ✓ BEAT |
Q4 2024 | Oct 31, 2024 | $4.76 | $5.28 | +10.9% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $4.70 | $4.11 | -12.6% | ✗ MISS |
Q2 2024 | May 23, 2024 | $4.51 | $4.03 | -10.6% | ✗ MISS |
Q1 2024 | Feb 1, 2024 | $4.27 | $4.27 | 0.0% | = MET |
Q4 2023 | Nov 2, 2023 | $5.27 | $4.76 | -9.7% | ✗ MISS |
Q3 2023 | Aug 3, 2023 | $5.82 | $5.29 | -9.1% | ✗ MISS |
Q2 2023 | May 18, 2023 | $5.10 | $5.39 | +5.7% | ✓ BEAT |
Q1 2023 | Feb 2, 2023 | $5.79 | $6.66 | +15.0% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $5.88 | $8.25 | +40.3% | ✓ BEAT |
Q3 2022 | Aug 4, 2022 | $5.13 | $6.63 | +29.2% | ✓ BEAT |
Q2 2022 | May 26, 2022 | $4.81 | $5.80 | +20.6% | ✓ BEAT |
Q1 2022 | Feb 3, 2022 | $3.04 | $5.34 | +75.7% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $2.72 | $4.06 | +49.3% | ✓ BEAT |
Q3 2021 | Aug 5, 2021 | $2.14 | $2.92 | +36.4% | ✓ BEAT |
Latest News
Shares of household durable stocks are trading higher after the Fed cut rates by 25 basis points.
📈 PositiveCavco Indus Q2 Adj. EPS $6.55 Beats $6.09 Estimate, Sales $556.527M Beat $542.917M Estimate
📈 PositiveShares of housing-related stocks are trading higher, possibly amid rate cut hopes, which could boost the housing sector.
📈 PositiveFrequently Asked Questions about CVCO
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