Cavco Industries (NASDAQ:CVCO) Issues Earnings Results

Cavco Industries (NASDAQ:CVCO) posted its quarterly earnings results on Thursday. The construction company reported $7.17 EPS for the quarter, beating the consensus estimate of $5.52 by $1.65, Zacks reports. The business had revenue of $656.38 million during the quarter, compared to analysts’ expectations of $613.12 million. Cavco Industries had a return on equity of 16.51% and a net margin of 7.89%.

Cavco Industries Trading Up 2.8%

CVCO stock opened at $547.25 on Friday. The stock has a 50-day moving average price of $548.27 and a two-hundred day moving average price of $552.38. Cavco Industries has a 12-month low of $443.33 and a 12-month high of $713.01. The company has a market cap of $4.21 billion, a PE ratio of 23.81 and a beta of 1.27.

Key Headlines Impacting Cavco Industries

Here are the key news stories impacting Cavco Industries this week:

• Positive Sentiment: Cavco reported fiscal 2027 second-quarter revenue of $656.4 million, up 17.9% year over year, driven by higher home sales volume and average selling prices. Adjusted earnings of $7.17 per share exceeded the $5.52 consensus estimate by $1.65, while revenue surpassed expectations of $613.1 million. Cavco Industries Reports Fiscal 2027 Second Quarter Results
• Positive Sentiment: Northland Securities initiated coverage with an Outperform rating and a $650 price target, implying approximately 18.8% upside from the referenced $547.25 price. Its forecasts call for $22.49 in fiscal 2027 EPS and $27.71 in fiscal 2028 EPS, suggesting continued earnings growth. Northland Securities Initiates Coverage on Cavco Industries
• Positive Sentiment: Sell-side opinion remains favorable overall: analysts rate CVCO a “Moderate Buy,” supported by the earnings beat, expanding backlogs and the company’s scale. The combination of stronger demand, pricing and volume growth may reinforce the long-term growth thesis. Cavco Industries Stock Rated Moderate Buy by Sell-Side Analysts
• Neutral Sentiment: Northland’s quarterly forecasts project fiscal 2027 EPS of $5.52 in the second quarter, $5.86 in the third quarter and $5.68 in the fourth quarter. Its full-year estimate of $22.49 is slightly below the broader $22.66 consensus, although the longer-term fiscal 2028 estimate is substantially higher.
• Negative Sentiment: Craig Hallum’s earlier $5.21 EPS forecast for the reported quarter was below consensus, highlighting some analyst caution around future results despite the latest substantial earnings and revenue beat.

Insider Activity

In other news, CAO Paul Bigbee sold 342 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $592.00, for a total value of $202,464.00. Following the transaction, the chief accounting officer owned 736 shares of the company’s stock, valued at approximately $435,712. This trade represents a 31.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CVCO has been the topic of a number of research analyst reports. Zelman & Associates downgraded Cavco Industries from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 6th. Oppenheimer started coverage on Cavco Industries in a report on Wednesday, September 30th. They set an “outperform” rating and a $720.00 target price on the stock. Northland Securities started coverage on Cavco Industries in a research report on Wednesday. They set an “outperform” rating and a $650.00 price target for the company. Weiss Ratings raised shares of Cavco Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, September 29th. Finally, Zacks Research raised shares of Cavco Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $690.00.

About Cavco Industries

Cavco Industries, Inc is a manufacturer of factory-built housing and related products. The company designs and produces manufactured homes, modular homes, park model recreational vehicles, and commercial structures for residential, hospitality, and other applications. Its homes are sold through independent retailers, company-owned retail locations, and a network of housing dealers.

Cavco markets its products under several brands, including Cavco, Fleetwood Homes, Palm Harbor Homes, Nationwide Homes, Solitaire Homes, and CountryPlace.