Cavco Q1 Revenue Beats by $19M on Surging Home Sales Volume
CVCO sits 42% above its 52-week low of $397.38.
Summary
Cavco's fiscal Q1 revenue jumped 9.5% to $610M, beating the $591M consensus, driven by higher home sales volume and the American Homestar acquisition. Diluted EPS fell 15% to $5.43, pressured by higher input costs that squeezed factory-built housing margins. The backlog surged 53% to $298M, signaling strong demand, while the company bought back $30M in stock. This follows the 8-K filed today and the strong FY2026 results in May, reinforcing the growth narrative despite cost headwinds.
At the time of this announcement, CVCO was trading at $562.40 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $397.38 to $713.01. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.