Casey's General Stores, Inc. (CASY) Hits Fresh High: Is There Still Room to Run?

Core Insights - Casey's General Stores (CASY) has seen a stock price increase of 4.5% over the past month, reaching a new 52-week high of $549.21, and has gained 35.9% year-to-date compared to 9% for the Zacks Retail-Wholesale sector and 11.4% for the Zacks Retail - Convenience Stores industry [1] Performance Drivers - The company has a strong track record of positive earnings surprises, having met or exceeded earnings consensus estimates in the last four quarters. In the latest earnings report on September 8, 2025, Casey's reported an EPS of $5.77, surpassing the consensus estimate of $5.01, and beat the revenue estimate by 0.93% [2] Earnings Projections - For the current fiscal year, Casey's is projected to achieve earnings of $15.7 per share on revenues of $17.64 billion, reflecting a 7.24% increase in EPS and a 10.68% increase in revenues. For the next fiscal year, expected earnings are $18.01 per share on revenues of $18.68 billion, indicating year-over-year changes of 14.71% and 5.86%, respectively [3] Valuation Metrics - Casey's stock is currently trading at 34.3 times the current fiscal year EPS estimates, which is a premium compared to the peer industry average of 25 times. On a trailing cash flow basis, the stock trades at 21 times, while the peer group's average is 15.6 times, suggesting that the company is not in the top tier from a value perspective [6] Zacks Rank - Casey's holds a Zacks Rank of 2 (Buy) due to rising earnings estimates. The company meets the criteria for investors looking for stocks with a Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, indicating potential for further stock price appreciation in the near term [7]