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Target Price Range
Recommendation Rating
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 170.82 | 202.13 | 268.07 | 372.09 | 551.41 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 249.90 | 286.62 | 439.68 | 575.98 | 927.85 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 42,481 | 42,982 | 45,359 | 49,272 | 49,848 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.30 | 0.35 | 0.33 | 0.32 | 0.35 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12,952.59 | 15,094.47 | 14,862.91 | 15,940.90 | 17,561.10 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 21.33% | 20.35% | 22.53% | 23.54% | 24.61% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 440.73 | 587.52 | 656.16 | 712.45 | 937.02 | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.40% | 3.89% | 4.41% | 4.47% | 5.34% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 339.79 | 446.69 | 501.97 | 546.52 | 714.45 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 306.07 | 314.92 | 350.91 | 405.96 | 452.02 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 348.57 | 405.04 | 399.93 | 429.49 | 473.79 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 9.14 | 11.99 | 13.51 | 14.72 | 19.28 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 21.23 | 23.67 | 24.03 | 29.39 | 37.17 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (6.90) | (12.33) | (13.33) | (13.13) | (16.56) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.33 | 11.34 | 10.70 | 16.26 | 20.60 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 60.30 | 71.39 | 81.14 | 94.53 | 106.62 | ‡‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 37.16 | 37.27 | 37.16 | 37.12 | 37.07 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22.05 | 19.42 | 23.67 | 31.40 | 42.66 | ‡‡‡‡ | ‡‡‡‡ | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.58 | 0.57 | 0.80 | 1.08 | 1.74 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.35 | 3.26 | 3.94 | 4.89 | 7.71 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.70 | 0.66 | 0.90 | 1.21 | 1.84 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.96 | 23.60 | 33.46 | 32.07 | 42.40 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 788.74 | 881.95 | 892.95 | 1,090.85 | 1,377.54 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (256.36) | (459.46) | (495.32) | (487.42) | (613.85) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 532.38 | 422.49 | 397.63 | 603.44 | 763.69 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (179.64) | (6.17) | (123.61) | (88.84) | 13.41 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,687.87 | 1,673.37 | 1,635.94 | 2,508.55 | 2,431.59 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,528.99 | 1,294.51 | 1,429.46 | 2,181.88 | 1,908.60 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,240.84 | 2,660.67 | 3,015.38 | 3,508.67 | 3,951.72 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.82% | 7.80% | 8.17% | 7.51% | 8.33% | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.25% | 10.10% | 9.98% | 8.75% | 11.02% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 16.28% | 18.23% | 17.69% | 16.75% | 19.15% | ‡‡‡‡‡ | — | — |
ROE
|
Analyst Commentary (Summary)
Casey's General Stores, Inc. (CASY) Latest News
21 Sep
Retail-Wholesale stocks are mixed; Alliance Laundry Holdings (ALH) is a Zacks Buy with a 6% year-to-date gain, outperforming a sector that averages a -2.4% return. Casey's General Stores (CASY) is also outperforming, up about 8.1% YTD. Both carry a Zacks Rank of #2 (Buy), with CASY's consensus full-year EPS up 2.4% over the past three months and ALH's up 4.1% as earnings estimates rise. ALH sits in the Retail - Home Furnishings industry, a group of 10 that has fallen roughly 13.8% YTD, while CASY sits in Retail - Convenience Stores, a tiny two-stock group that has rallied about 14.1% YTD and ranks #12. The piece suggests these Retail-Wholesale names could sustain solid performance ahead. YTD outperformance vs the sector and rising EPS estimates with a Buy rating suggest a moderate, sentiment-driven improvement for CASY rather than a fundamental strategic shift.
Casey's General Stores (CASY) has fallen 28.5% over the past four weeks, sinking into oversold territory with an RSI around 23.45. The setup suggests a potential near-term rebound as selling pressure wanes, though RSI has limitations. On the fundamentals side, analysts have raised earnings expectations for the current year by about 1.4% in the last 30 days, and CASY carries a Zacks Rank #2 (Buy). The combination of a technical oversold signal and improving consensus earnings revisions underpins a possible turnaround in the near term, but there are no guarantees. Oversold technical setup with rising earnings revisions and a Buy rating may support a modest near-term rebound, but a lasting fundamental turnaround remains unproven.
20 Sep
Casey’s General Stores reported fiscal Q1 revenue of $5.68B, up 24.3% YoY, and EPS of $7.37, beating consensus of $6.78. Yet shares dropped about 10-15% as same-store sales grew only 3.2%, below the 3.8% expected. A volatile fuel environment pressured volumes: same-store fuel gallons fell 0.3% as higher prices trimmed gallons per visit and shoppers moved to cheaper grades and more frequent trips. Bull case centers on margins: fuel gross profit rose 19.6% to $446.9M, fuel margin 47.8c/gal, and prepared foods margins improved to 59.3%. EBITDA climbed 17.1% to $485.1M; net income rose 27.1% to $273.7M. Revenue outpaced estimates, and Fikes integration is ahead of schedule with a plan to open at least 120 stores in FY2027. Bears warn stalled same-store growth and higher costs could erode earnings if demand weakens. Earnings beat but weak comps and reliance on fuel margins create mixed signals that could influence sentiment and longer-term growth.
18 Sep
Casey's General Stores beat Q1 expectations, announced store expansions and payout increases, raising questions on shifts to the company's market narrative. Earnings beat with expansions and payouts indicates moderate effects on financials and sentiment without assured long-term trajectory change.
17 Sep
Strong retail sales are set to benefit Casey’s General Stores, Inc. (CASY) operations and results. Strong retail sales create moderately positive conditions for Casey's performance and market position.
15 Sep
Bank of America issued a bullish call on Casey's General Stores stock. Bank of America bullish call may lift short-term CASY investor sentiment and share price.
10 Sep
Casey's General Stores (CASY) posted 17.1% EBITDA growth, with questions raised over whether fuel sales can sustain ongoing expansion. EBITDA growth signals stronger financial results but fuel sustainability concerns limit expected long-term trajectory shifts.
UBS analysts flag concerns that Casey's General Stores fuel margins have peaked and may decline, pressuring profitability at its convenience store and gas station network. Peak fuel margin warnings from UBS could pressure near-term earnings expectations and stock sentiment for the retailer.
Casey's General Stores maintained its full-year outlook after Q1 earnings, citing strength in food and fuel segments. Q1 results with unchanged outlook confirm steady food and fuel performance without shifting long-term trajectory.
Casey's General Stores accelerates rebranding of CEFCO locations while expanding ambitions in Texas. Rebranding pace and Texas growth plans point to moderate operational scaling effects.
9 Sep
Casey's General Stores, Inc. held its Q1 2027 earnings call covering financial results, operational performance, and forward guidance. Q1 earnings call delivers key financial metrics and strategic outlook that directly shape investor views and company trajectory.
Casey's General Stores reported Q1 2027 results in its earnings call, covering financial performance, operations, and forward outlook for the convenience store chain. Quarterly earnings details can shift near-term sentiment and valuation but rarely alter long-term company trajectory.
Casey's growth plan shows increasing traction with questions remaining on sustained delivery and impact to future performance. Growth plan traction points to moderate effects on operations and market position without guaranteed fundamental shifts.
Casey's General Stores Inc (CASY) reported Q1 2027 earnings with EPS rising 28% to $7. Strong quarterly EPS growth improves near-term profitability outlook but does not signal fundamental strategic shifts.
Casey's General Stores beat earnings estimates yet its stock declined after the report. Earnings beat offset by stock drop signals short-term negative sentiment without major long-term shift.
Casey's General Stores Q1 earnings call highlighted revenue growth, same-store sales gains, margin expansion and plans for continued store openings. Q1 results and guidance supply fresh data on sales trends and strategy that can shift near-term investor positioning.
Casey's General Stores fiscal Q1 results demonstrated effective execution amid uneven macroeconomic conditions per UBS. Q1 results and execution commentary may moderately affect near-term financial performance and investor sentiment.
Casey's General Stores Inc. beat Q1 earnings estimates driven by gains in inside sales and fuel operations. Q1 earnings beat on inside and fuel gains indicates positive but limited near-term financial improvement without major strategic changes.
Casey's General Stores posted solid fiscal Q1 results but remains exposed to consumer spending headwinds, according to RBC. Solid quarterly results combined with noted spending headwinds point to moderate effects on future performance.
8 Sep
Casey's General Stores reported Q1 results with key metrics compared to estimates. Q1 earnings metrics versus estimates can shift near-term investor sentiment and valuation.
Casey's General Stores reported first quarter results. Quarterly results provide financial metrics that can shift near-term stock valuation and sentiment.
26 Aug
Casey's General Stores (CASY) joins Bloomberg 500 Index among ten securities added after September reconstitution. Index addition may draw passive fund inflows and lift near-term trading in CASY shares.
Casey's General Stores reports strong inside sales momentum driven by food and grocery categories. Positive inside sales growth in core categories supports revenue and operational performance.
7 Aug
Pak-A-Sak is being sold to Casey's General Stores after 48 years. Acquisition adds Pak-A-Sak locations to Casey's network and may moderately affect operations.
23 Jul
Casey's General Stores addresses post-proxy fight developments and fair value debates that shape governance, strategy, and investor outlook. Proxy fight resolution and fair value disputes signal major governance shifts likely to alter strategic direction and market perception.
6 Jul
Casey's General Stores shuffles leadership team as it launches new 3-year growth plan. Leadership shuffle paired with new multi-year growth plan signals major strategic shift likely to alter company trajectory.
1 Jul
Analysts assess Casey’s General Stores’ three-year plan and its potential effects on operations and growth. Casey’s three-year plan constitutes major strategic moves that could significantly alter the company’s trajectory and investor sentiment.
Casey’s General Stores (CASY) stock gained 32% in Q1. 32% Q1 gain signals positive momentum that can lift near-term investor sentiment and trading activity.
Casey's General Stores (CASY) drops out of key Russell indexes. Index exclusion triggers outflows from passive funds holding CASY shares.
30 Jun
Casey's General Stores achieves strong inside same-store sales growth from targeted operational improvements and customer-focused initiatives at its core retail locations. Strong same-store sales growth directly lifts Casey's revenue trajectory and competitive standing.
Casey’s General Stores (CASY) has transformed from a regional player into a heartland retail behemoth, doubling revenue to $14.9 billion by 2024 through aggressive acquisitions like Buchanan, Irving Oil, and Fikes Wholesale. This expansion has delivered impressive EPS growth (133% since 2016) and a solid 18% average ROE, fueled by sticky prepared foods like its cult-favorite pizza amid volatile fuel sales. Yet, cracks are emerging: revenue per employee has slipped 7% since peaking in 2021, signaling bloating costs in a low-margin business, while free cash flow volatility and surging capex underscore diminishing returns from scale.
The stock’s 323% surge to $576 highs reflects this momentum, but valuations now scream caution—forward PE at 31x, EV/FCF over 30x, and PB nearing 5x—outpacing fundamentals after a decade of outperformance. Insider activity is the loudest alarm: executives dumped $30.3 million in shares in mid-2025 alone, dwarfing minimal buys by 80x, coinciding with net debt ballooning to $2.2 billion and leverage creeping higher.
Analysts project rosy 2028 figures ($19.2 billion revenue, 59% EPS growth), but historical parallels to overextended retailers warn of mean reversion amid rising competition from Wawa and Buc-ee’s, EV-driven fuel erosion, and recession vulnerabilities. With consensus targets implying flat returns and a 20% downside risk, this contrarian view urges trimming positions before froth deflates—read the full analysis for the data-driven case.