Cavco Q3 revenue up 11.3%, but misses estimates

Cavco Industries

29/01/2026 21:17

Overview

Factory-built housing maker's fiscal Q3 revenue rose 11.3% yr/yr but missed analysts' expectations

Net income per diluted share fell 19.1% yr/yr

Company completed acquisition of American Homestar, contributing $42 mln to net revenue

Outlook

Cavco anticipates positive impact from American Homestar acquisition exceeding previous expectations

Company is optimistic about affordable housing discussions influencing market tone

Cavco looks to spring selling season to assess production increase potential

Result Drivers

HOME SALES VOLUME - Revenue growth driven by increased home sales volume and higher average selling price per home

AMERICAN HOMESTAR - Acquisition contributed $42 mln to net revenue, with deal costs impacting earnings

FINANCIAL SERVICES - Segment showed strong results with higher insurance premiums and lower claims losses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$581 mln
$593.37 mln (2 Analysts)
Q3 EPS
$5.58
Q3 Pretax Profit
$58 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "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 $600.00, about 2.6% below its January 28 closing price of $616.11

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nGNX5YwnH9

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)