Cavco Industries Q1 revenue beats estimates helped by higher home sales volume

Cavco Industries

30/07/2026 22:07

Overview
U.S. factory-built housing maker's fiscal Q1 revenue rose 9.5% yr/yr, beating analyst expectations
Diluted EPS for fiscal Q1 fell 15% yr/yr to $5.43
Company repurchased $30 mln in stock during the quarter

Outlook
Company did not provide specific guidance for the current quarter or full year

Result Drivers
HOME SALES VOLUME - Revenue growth was driven by higher home sales volume, including from the American Homestar acquisition, and increased revenue per home sold
FINANCIAL SERVICES GAINS - Financial services revenue rose due to increased loan sales and unrealized gains on the equity portfolio
HIGHER INPUT COSTS - Gross profit margin in factory-built housing declined due to higher input costs, partially offsetting gains from increased sales volume and price

Company press release: ID:nGNXbr4sCW

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$609.96 mln
$590.54 mln (3 Analysts)
Q1 EPS
 
$5.43
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the homebuilding peer group is "buy"
Wall Street's median 12-month price target for Cavco Industries Inc is $587.50, about 3.9% above its July 29 closing price of $565.24
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 19 three months ago

Reuters Recommended Reads
July 30 - Builders FirstSource cuts annual sales forecast on weak residential market
July 29 - Meritage Homes Q2 revenue falls 14% on lower volume and pricing
July 29 - Canada's Genesis Land Q2 profit falls as affordability pressures curb demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)