Cavco Industries, Inc. (CVCO)

NASDAQ: CVCO · Real-Time Price · USD
423.01
+0.73 (0.17%)
Oct 7, 2024, 4:00 PM EDT - Market closed
0.17%
Market Cap 3.49B
Revenue (ttm) 1.80B
Net Income (ttm) 145.89M
Shares Out 8.25M
EPS (ttm) 17.18
PE Ratio 24.41
Forward PE 20.98
Dividend n/a
Ex-Dividend Date n/a
Volume 36,424
Open 417.37
Previous Close 422.28
Day's Range 413.45 - 423.76
52-Week Range 233.84 - 444.90
Beta 1.24
Analysts Strong Buy
Price Target 423.50 (+0.12%)
Earnings Date Oct 31, 2024

About CVCO

Cavco Industries, Inc. designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its factory-built homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry, and Solitaire brands. It produces park model RVs; vacation cabins; and factory-built commercial structures, including apartment buildings, condominiums, hotels, work... [Read more]

Founded 1965
Employees 6,500
Stock Exchange NASDAQ
Ticker Symbol CVCO
Full Company Profile

Financial Performance

In 2023, Cavco Industries's revenue was $1.79 billion, a decrease of -16.24% compared to the previous year's $2.14 billion. Earnings were $157.82 million, a decrease of -34.39%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for CVCO stock is "Strong Buy." The 12-month stock price forecast is $423.5, which is an increase of 0.12% from the latest price.

Price Target
$423.5
(0.12% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Cavco Industries Isn't AI

AI is widely assumed to be big, but AH (Affordable Housing) is a more critical need and is becoming a vital growth investment theme in its own right. That's why shares of Cavco, in particular, and hom...

17 days ago - Seeking Alpha

HUD's Latest Code Changes Signal a New Era for Multi-Unit Affordable Housing

New HUD Codes approve multi-dwelling unit manufactured homes for nationwide construction New HUD Codes approve multi-dwelling unit manufactured homes for nationwide construction

24 days ago - GlobeNewsWire

Which housing stock—Builders FirstSource or Cavco—is a better buy before Fed rate cut?

Investors are gearing up for significant opportunities in the housing sector with expectations that the US Federal Reserve will announce its first rate cut in September.  Jay McCanless, an analyst at ...

Other symbols: BLDR
7 weeks ago - Invezz

Housing stocks to watch as mortgage rates fall

Jay McCanless, Wedbush Securities senior VP of equity research joins CNBC to discuss why he's watching Builders FirstSource and other home building stocks, housing market outlooks, and more.

Other symbols: BLDRTOL
7 weeks ago - CNBC Television

Cavco Industries, Inc. (CVCO) Q1 2025 Earnings Call Transcript

Cavco Industries, Inc. (NASDAQ:CVCO) Q1 2025 Earnings Conference Call August 2, 2024 1:00 PM ET Company Participants Mark Fusler – Corporate Controller and Investor Relations Bill Boor – President an...

2 months ago - Seeking Alpha

Cavco Industries Reports Fiscal 2025 First Quarter Results

Improving Factory-built housing Results; High Claims in Insurance Operation Improving Factory-built housing Results; High Claims in Insurance Operation

2 months ago - GlobeNewsWire

Cavco Industries Remains A 'Buy' Due To Favorable Residential Market Dynamics And Consumer Behavior

There are many strong short-term tailwinds Cavco benefits from, including the residential market dynamics and consumers trading down. As the affordable alternative to traditional homebuilders, demand ...

2 months ago - Seeking Alpha

Cavco Industries, Inc. (CVCO) Q4 2024 Earnings Call Transcript

Cavco Industries, Inc. (NASDAQ:CVCO) Q4 2024 Earnings Conference Call May 24, 2024 1:00 PM ET Company Participants Mark Fusler - Corporate Controller and Investor Relations Bill Boor - President and ...

4 months ago - Seeking Alpha

Cavco Industries Reports Fiscal 2024 Fourth Quarter and Year End Results

PHOENIX, May 23, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) today announced financial results for the fourth quarter and fiscal year ended March 30, 2024. Quarterly Highlights Net ...

4 months ago - GlobeNewsWire

Quarterly Update: Analyzing Cavco's Triumph In Affordable Housing

Cavco Industries is a leading producer of manufactured homes in the US, offering affordable alternatives to traditional homebuilders. CVCO stock is not as cheap compared to 7 months ago as it surged 4...

6 months ago - Seeking Alpha

Cavco Industries Receives Training Magazine APEX Award Recognition

PHOENIX, March 08, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) is proud to announce that it was recognized by the 2024 Training APEX Awards as one of the top 105 training organizati...

7 months ago - GlobeNewsWire

Cavco Industries Announces Ratification of Collective Bargaining Agreement at Emlenton, Pennsylvania Plant

PHOENIX, March 06, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) ("we," "our," the "Company" or "Cavco") is pleased to announce that we have successfully reached agreement on a revise...

7 months ago - GlobeNewsWire

Collective Bargaining Agreement Covering Employees of Cavco's Emlenton, Pennsylvania Plant Expires

PHOENIX, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) ("we," "our," the "Company" or "Cavco") announces that as of today, the collective bargaining agreement between Pennwes...

7 months ago - GlobeNewsWire

Cavco Announces the First Homes Have Been Purchased by Graduates of Its Homes for Our Own Program

PHOENIX, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) announced today that the first homes have been purchased by two graduates of its unique Homes for Our Own (HFOO) progra...

8 months ago - GlobeNewsWire

Seth Schuknecht Appointed General Counsel, Corporate Secretary and Chief Compliance Officer of Cavco Industries, Inc.

PHOENIX, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) ("we," "our," the "Company" or "Cavco") is pleased to announce that effective February 13, 2024, Seth Schuknecht will b...

8 months ago - GlobeNewsWire

Cavco Industries, Inc. (CVCO) Q3 2024 Earnings Call Transcript

Cavco Industries, Inc. (CVCO) Q3 2024 Earnings Call Transcript

8 months ago - Seeking Alpha

Cavco Industries Reports Fiscal 2024 Third Quarter Results and Announces New $100 Million Stock Repurchase Program

PHOENIX, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) ("we," "our," the "Company" or "Cavco") today announced financial results for the third fiscal quarter ended December 3...

8 months ago - GlobeNewsWire

Analyst discusses why he is cautious on homebuilder outlook

What does falling mortgage rates mean for home builder stocks? Jay McCanless, Housing Analyst at Wedbush Securities, joins Yahoo Finance to discuss why he is less bullish on home builders and to shed ...

Other symbols: DHINVRPHMXHB
9 months ago - Yahoo Finance

Staying Bullish On Cavco Industries: A Promising Homebuilding Pick

Most economists were wrong about 2023, and there are now mixed opinions about how 2024 is going to be. Cavco Industries, a manufactured home builder, is impacted drastically by this uncertainty but is...

9 months ago - Seeking Alpha

Cavco Releases First HUD-Approved Manufactured Duplex Homes

New Anthem Duplex Doubles Down on Innovation, Affordability and Investment Returns New Anthem Duplex Doubles Down on Innovation, Affordability and Investment Returns

10 months ago - GlobeNewsWire

Cavco Industries: Benefiting From Long-Term Tailwinds

The consolidation trend in the manufactured housing industry persists, with the top three companies exceeding a 75% market share. Despite the short-term headwinds, Cavco will benefit from the U.S. dem...

11 months ago - Seeking Alpha

Cavco Industries, Inc. (CVCO) Q2 2024 Earnings Call Transcript

Cavco Industries, Inc. (NASDAQ:CVCO) Q2 2024 Earnings Conference Call November 3, 2023 1:00 PM ET Company Participants Mark Fusler - Corporate Controller and IR Bill Boor - President and CEO Allison ...

1 year ago - Seeking Alpha

Cavco Industries: An Ideal Addition To Your Portfolio

Energy, cyclicals, and communications sectors are outperforming their peers in the market. Cavco Industries is a potential stock to watch as it operates in an ideal market and has performed well. The ...

1 year ago - Seeking Alpha

Cavco Industries: Low-Cost Homes Are Up For Grabs As House Affordability Declines

Houses in the United States get less affordable each day, strongly backed by data. Cavco Industries builds affordable manufactured homes, which are the perfect solution for people who want to buy home...

1 year ago - Seeking Alpha

Cavco Industries: Short-Term Issues, But A Long-Term Opportunity

Cavco Industries, Inc. manufactures factory-made homes and provides financing and insurance for the homes. The company has experienced significant growth and has made successful acquisitions, creating...

1 year ago - Seeking Alpha