Casey’s-Casey's Uptrend Remains Strong—New Highs on the Horizon

Core Viewpoint - Casey's General Stores is experiencing a positive uptrend, supported by strong FQ3 results that affirm both near and long-term outlooks, leading to a share price increase of over 5% [1][12] Financial Performance - In FQ3 2025, Casey's reported consolidated revenue of $3.9 billion, reflecting a 17.1% year-over-year increase, driven by organic growth and acquisitions, surpassing MarketBeat's consensus by 420 basis points [4] - Inside sales grew by 15%, while gasoline gallons sold improved by 20.4%. On a comparable store basis, inside sales rose by 3.7%, and gasoline gallons increased by 1.8% [4] - The company maintained its comp-store growth target of 3% to 5% and increased its FY EBITDA growth outlook by 100 basis points to 11% [5] Market Sentiment and Analyst Ratings - The 12-month stock price forecast for Casey's is$ 423.09, indicating a 6.94% upside, with a Moderate Buy rating based on 11 analyst ratings [6] - The stock has risen 37% over the past twelve months, with recent revisions suggesting a potential 7.5% upside, which could lead to new all-time highs [7] - Institutional buying has increased, with Q1 2025 activity reaching a multiyear high, as institutions own over 70% of the stock [8] Balance Sheet and Capital Management - Casey's has suspended share buybacks in preparation for the Fikes acquisition but is expected to resume them soon. Total assets increased by nearly $1.9 billion, about 30%, while liabilities rose by$ 1.5 billion [10] - Equity increased by 13.2%, and long-term debt leverage remains low at less than 1x equity, ensuring positive cash flow and a safe dividend yield of approximately 0.5% [11]