
Cavco Industries (CVCO) Stock Forecast & Price Target
Cavco Industries (CVCO) Analyst Ratings
Bulls say
Cavco Industries Inc is anticipated to experience a revenue increase of approximately 5% year-over-year in shipments, reaching 4.7k units in F4Q24, with a stable average selling price (ASP) of $102.6k. Management has observed a sequential rise in orders from F1Q24 to F2Q24, indicative of a strengthening backlog and stabilizing total demand. The company's and industry's outlook reflects expectations of steady new home sales growth over the next two years, with an upward adjustment in the FY24 average price, signaling potential for improved financial performance.
Bears say
Cavco Industries Inc. has experienced a significant decline in gross margins in its factory-built housing segment, with a year-over-year reduction of 140 basis points, leading to a revised expectation of 23.7% gross margin for FY24, down from earlier forecasts. Additionally, the company reported a 17% year-over-year decline in shipments during F2Q24, which was notably worse than the broader industry trend, suggesting weaker demand in its sales channels. Overall, the total sales of $452 million fell 22% year-over-year, prompting downward revisions of FY24 and FY25 earnings per share and revenue estimates, indicating ongoing challenges in achieving financial growth.
This aggregate rating is based on analysts' research of Cavco Industries and is not a guaranteed prediction by Public.com or investment advice.
Cavco Industries (CVCO) Analyst Forecast & Price Prediction
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