CASY Stock Summary and Trading Ideas (Casey's General Stores | NASDAQ:CASY)

Casey's serves as the nation's third-largest convenience store chain with its more than 2,600 locations primarily positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates most of its warehousing and distribution processes internally.

Casey's General Stores trades on the NASDAQ stock market under the symbol CASY.

As of December 3, 2024, CASY stock price declined to $418.15 with 81,860 million shares trading.

CASY has a beta of 0.49, meaning it tends to be less sensitive to market movements. CASY has a correlation of 0.07 to the broad based SPY ETF.

CASY has a market cap of $15.52 billion. This is considered a Large Cap stock.

Last quarter Casey's General Stores reported $4 billion in Revenue and $4.83 earnings per share. This fell short of revenue expectation by $-62 million and exceeded earnings estimates by $.32.

In the last 3 years, CASY traded as high as $435.60 and as low as $170.82.

The top ETF exchange traded funds that CASY belongs to (by Net Assets): IJH, VTI, VB, VXF, VBK.

CASY has outperformed the market in the last year with a price return of +52.0% while the SPY ETF gained +33.0%. CASY has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +15.6% and +3.3%, respectively, while the SPY returned +7.4% and +2.6%, respectively.

CASY support price is $413.94 and resistance is $428.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CASY shares will trade within this expected range on the day.