Casey’s posted Q1 revenue of $5.68B and EPS of $7.37, beating estimates. Inside same-store sales rose 3.2% YoY while fuel volumes declined 0.3%. The company boosted liquidity to about $1.4B, repurchased $45.6M in stock, and forecast 2027 same-store sales growth of 2-5% with roughly 120 new openings.
On June 29, BMO Capital upgraded Casey’s to Outperform, signaling stronger growth expectations and potential valuation support. CASY traded around $802 after a 0.6% intraday decline, suggesting a possible entry point if the upgrade translates into higher earnings or sentiment. The catalyst could drive a near-term rebound as investors reassess CASY's fundamentals post-rating change.
Casey’s posted a solid Q3 beat with EPS of $4.37 on $4.57B revenue, driven by 5.5% same-store sales growth. The board authorized a $1B expansion of the buyback and boosted the quarterly dividend 14% to $0.65, underscoring confidence in cash flow and balance sheet strength with about $1.4B in liquidity. These catalysts could support further valuation upside and sustained momentum into the next quarter.
Casey's General Stores is joining the S&P 500 this week, driven by a strong stock rally. This inclusion is likely to attract institutional investment, boosting visibility and potentially accelerating the company's growth trajectory in the coming months.
BofA Securities initiated a 'Buy' rating for CASY with a $700 target. Expectations for EBITDA growth at 8%-10% indicate strong operational performance. CASY is gaining traction in prepared foods, boosting its competitive edge. The company's rural locations offer advantages in underserved markets. Fuel sales accounted for 61% of fiscal 2025 revenue, with growing foodservice focus.