CVCO Stock Summary and Trading Ideas (Cavco Industries | NASDAQ:CVCO)

Cavco Industries Inc designs and produces factory-built homes under the Cavco Homes, Fleetwood Homes, and Palm Harbor Homes brands. It also produces modular homes, park model homes, and vacation cabins, as well as commercial structures, among others. The company operates principally in two segments: Factory-built housing, which includes wholesale and retail systems-built housing operations, and the Financial services segment, which includes manufactured housing consumer finance and insurance. Cavco receives a majority of its revenue from the Factory-built housing segment.

Cavco Industries trades on the NASDAQ stock market under the symbol CVCO.

As of December 12, 2024, CVCO stock price climbed to $498.78 with 62,225 million shares trading.

CVCO has a beta of 1.33, meaning it tends to be more sensitive to market movements. CVCO has a correlation of 0.22 to the broad based SPY ETF.

CVCO has a market cap of $4.12 billion. This is considered a Mid Cap stock.

Last quarter Cavco Industries reported $507 million in Revenue and $5.28 earnings per share. This beat revenue expectation by $28 million and exceeded earnings estimates by $.52.

In the last 3 years, CVCO traded as high as $544.08 and as low as $179.47.

The top ETF exchange traded funds that CVCO belongs to (by Net Assets): IJR, IWM, VTI, VXF, IJT.

CVCO has outperformed the market in the last year with a return of +59.4%, while the SPY ETF gained +32.3%. In the last 3 month period, CVCO beat the market returning +23.8%, while SPY returned +9.3%. However, in the most recent 2 weeks CVCO has underperformed the stock market by returning -3.3%, while SPY returned +0.9%.

CVCO support price is $486.09 and resistance is $507.93 (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 CVCO shares will trade within this expected range on the day.