Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Cavco (CVCO) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Cavco is one of 88 companies in the Construction group. The Construction group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.Our " ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 28, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-08822 CAVCO INDUSTRIES INC. (Exact name of registrant as specified in its charter) Delaware 56-2405642 (State or other juri ...

Cavco Industries, Inc. (NASDAQ:CVCO) Q3 2024 Earnings Call Transcript November 1, 2024 1:00 PM ET Company Participants Mark Fusler - Corporate Controller and IR Bill Boor - President and CEO Allison Aden - EVP and CFO Paul Bigbee - CAO Conference Call Participants Daniel Moore - Daniel Moore Greg Palm - Craig-Hallum Capital Group Jay McCanless - Wedbush Daniel Moore - CJS Securities Operator Good day, and thank you for standing by. Welcome to the Second Quarter Fiscal Year 2025 Cavco Industries, Inc. Earnin ...

Cavco (CVCO) came out with quarterly earnings of $5.28 per share, beating the Zacks Consensus Estimate of $4.70 per share. This compares to earnings of $4.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.34%. A quarter ago, it was expected that this homebuilder would post earnings of $4.97 per share when it actually produced earnings of $4.11, delivering a surprise of -17.30%.Over the last four quarters, the company has s ...

Core Insights - Cavco Industries, Inc. reported strong financial results for the second fiscal quarter ended September 28, 2024, with net revenue of $507 million, an increase of $55 million or 12.3% compared to the same period last year, driven primarily by home sales volume growth [1][4] - The company experienced a 15.7% increase in home sales volume and improved capacity utilization, rising to approximately 70% from 60% in the prior year [1][4] - Backlogs reached $276 million, up $44 million or 19% from the previous quarter, indicating strong demand for factory-built housing [1][4] Financial Performance - Net revenue for factory-built housing was $486.3 million, a 12% increase from $434.1 million in the prior year [4] - Financial services segment revenue increased by 17.6% to $21.1 million, up from $18 million [4] - Gross profit as a percentage of net revenue for factory-built housing was 22.9%, slightly down from 23.2% in the prior year [1][6] Income and Earnings - Income before income taxes was $55 million, a 6.4% increase from $51.7 million in the prior year [1][4] - Net income attributable to Cavco common stockholders was $43.8 million, compared to $41.5 million in the prior year, resulting in a diluted net income per share of $5.28, up from $4.76 [1][8] Operational Highlights - The company repurchased approximately $44 million in stock during the quarter and announced an additional $100 million stock repurchase program [1] - The financial services segment showed improvement following $4 million in claims related to Hurricane Beryl [2] - The company emphasized the resilience of its workforce in the face of challenges posed by recent hurricanes, maintaining operations to meet customer needs [3] Market Position - Cavco is one of the largest producers of manufactured and modular homes in the U.S., with a diverse range of products marketed under various brand names [10] - The company also operates a finance subsidiary, CountryPlace Mortgage, and an insurance subsidiary, Standard Casualty, enhancing its market presence [10]

PHOENIX, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the second quarter ended September 28, 2024 on Thursday, October 31, 2024 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, November 1, 2024 at 1:00 p.m. Eastern Time. Date:   November 1, 2024 Time:   1:00 p.m. ET            Listen via Internet: https://investor.cavco.com/ Listen via Telephone: To participate in the call, please register ...

Plano, TX, Oct. 22, 2024 (GLOBE NEWSWIRE) -- For additional information, contact:Mark FuslerCorporate Controller and Investor Relationsinvestor_relations@cavco.comNews ReleasePhone: 602-256-6263On the Internet: www.cavcohomes.com FOR IMMEDIATE RELEASE CAVCO INDUSTRIES RELEASES 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT Cavco Industries unveils its 2024 Environmental, Social and Governance Report, emphasizing its dedication to affordable housing solutions, environmental sustainability and transparent g ...

After dropping to their lowest level in two years following the Federal Reserve's September rate cut announcement, 30-year fixed-rate mortgages have climbed higher once again. Nonetheless, the environment is looking more favorable for homebuilding companies, as buyers are incentivized to make offers, and companies are better able to access loans to fund development projects and growth. The top homebuilder stocks include major operations like D.R. Horton Inc. NYSE: DHI and Lennar Corp. NYSE: LEN, each of whi ...

After 43+ years working for one investment research company or another, I finally retired. So now, I'm completely independent. And for the first time on Seeking Alpha, I won't be working based on anybody else's product agenda. I have only one goal now… to give you the best actionable investment insights I can.I have long specialized in rules/factor-based equity investing strategies. But I'm different from others who share such backgrounds. I don't serve the numbers. Instead, the numbers serve me… to inspire ...