Cavco Industries Inc. (CVCO)
Cavco Industries Inc. (CVCO) is a leading manufacturer of factory-built homes, including modular, prefabricated, and manufactured housing. The company designs and produces affordable housing solutions for various market segments, including retail, park, and vacation home markets, with a focus on innovation, energy efficiency, and quality craftsmanship. Cavco operates through several subsidiaries and emphasizes sustainable building practices within the affordable housing industry.
Company News
Cavco Industries completed the acquisition of American Homestar Corporation for $190 million, expanding its manufactured home manufacturing and retail operations across Texas, Louisiana, and Oklahoma.
Cavco Industries will release its fiscal 2026 first quarter earnings on July 31, 2025, with a live webcast conference call on August 1, 2025 at 1:00 p.m. Eastern Time to discuss financial results.
Cavco, a homebuilder, reported Q1 earnings of $4.11 per share, missing the Zacks Consensus Estimate of $4.97 per share. The company's revenues also fell short of expectations. The outlook for the company is mixed, with the Zacks Rank #3 (Hold) indicating the stock is expected to perform in line with the market.
Shares of U.S. home builders have soared in 2023, but the stocks still trade well below historical price-to-earnings valuations.
