CVCO
Cavco Industries, Inc.
CVCO's fundamentals are mixed, but it looks expensive: trading at 27x earnings, above its usual 23x. Analysts expect earnings growth.
CVCO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
CVCO's revenue, profitability, cash flow and balance sheet are all currently healthy.
CVCO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $256 | -60% |
| Fair | 23x | $541 | -16% |
| Forward | 24x | $642 | — |
| Expensive | 26x | $619 | -3.6% |
| Current | 27x | $642 | — |
Historical ranges are pointers, not guarantees.
CVCO's PE is in its expensive range at 27x. If earnings grow as analysts expect, today's price would be 24x next year's earnings, in its fair range.
CVCO Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for CVCO, with profitability improving.
CVCO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $26.42 | +12% |
| Q3 2026 | $23.61 | -2.8% |
| Q2 2026 | $22.99 | -0.1% |
| Q1 2026 | $23.98 | +16% |
| Q4 2025 | $22.97 | +13% |
| Q3 2025 | $24.29 | +37% |
| Q2 2025 | $23.02 | +34% |
| Q1 2025 | $20.71 | +13% |
| Q4 2024 | $20.34 | +3.1% |
CVCO earned $23.61 per share over the past year, down 2.8% from the year before.
CVCO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $656.4M | +18% |
| Q2 2026 | $610M | +9.5% |
| Q1 2026 | $550.1M | +8.2% |
| Q4 2025 | $581M | +11% |
| Q3 2025 | $556.5M | +9.7% |
| Q2 2025 | $556.9M | +17% |
| Q1 2025 | $508.4M | +21% |
| Q4 2024 | $522M | +17% |
CVCO's revenue has grown year over year for 10 quarters in a row: $656M last quarter, up 18% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | -0.5 points |
| Q2 2026 | 8.7% | -2.2 points |
| Q1 2026 | 9.4% | +1.8 points |
| Q4 2025 | 9.4% | -2.9 points |
| Q3 2025 | 11% | +1.5 points |
| Q2 2025 | 11% | +2.8 points |
| Q1 2025 | 7.6% | -1.3 points |
| Q4 2024 | 12% | +3.4 points |
CVCO's operating margin was 11% last quarter, down 0.5 points from the same quarter a year ago.
CVCO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $66.7M | -3% |
| Q2 2026 | $49M | +5.5% |
| Q1 2026 | $59.3M | +83% |
| Q4 2025 | $57.6M | +78% |
| Q3 2025 | $68.7M | +38% |
| Q2 2025 | $46.4M | +9.4% |
| Q1 2025 | $32.5M | +126% |
| Q4 2024 | $32.3M | -21% |
CVCO's free cash flow has been positive every quarter for seven years: $233M over the past year, up 29% from the year before.
CVCO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -49.6K shares |
| 1 year | -3.2% | -258K shares |
| 3 years | -11% | -997K shares |
| 5 years | -17% | -1.5M shares |
| Available history | -17% | -1.6M shares |
CVCO has 8M diluted shares, down 3.2% from a year ago, with $134M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $30M |
| Q2 2026 | $30M |
| Q1 2026 | $30M |
| Q4 2025 | $43.8M |
| Q3 2025 | $36.1M |
| Q2 2025 | $50M |
| Q1 2025 | $34.2M |
| Q4 2024 | $42.2M |
CVCO spent $134M buying back its own shares over the past year, down 18% from the year before.
CVCO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | -0.9x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.5x | Net Cash |
| Q2 2025 | -1.5x | Net Cash |
| Q1 2025 | -1.7x | Net Cash |
| Q4 2024 | -1.7x | Net Cash |
CVCO has more cash than debt.
CVCO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.2 | Neutral |
| Stochastic | 77.7 | Neutral |
CVCO's weekly RSI is 61 (neutral) and its Stochastic is 78 (neutral).
CVCO PE vs Consumer Cyclical Sector
| Metric | CVCO | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 18x | 51% above |
| PE % | 91 | 47 | 44 pts above |
CVCO is trading at 27x earnings, a 51% premium to the Consumer Cyclical sector's median of 18x.
CVCO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $578.8 | 11% above |
| 20 week MA | $572.7 | 12% above |
| 50 week MA | $563.0 | 14% above |
| 100 week MA | $530.2 | 21% above |
| 200 week MA | $434.4 | 48% above |
CVCO is in an uptrend: it's above all five of its weekly moving averages, and 48% above its 200-week average.
CVCO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $194.0 | $181.5 | -6.5% |
| 2021 | $181.5 | $302.7 | +67% |
| 2022 | $302.7 | $226.9 | -25% |
| 2023 | $226.9 | $346.6 | +53% |
| 2024 | $346.6 | $443.3 | +28% |
| 2025 | $443.3 | $600.4 | +35% |
| 2026 YTD | $600.4 | $642.0 | +6.9% |
CVCO has finished higher in four of the last six years, two of them by more than 50%. It's up 6.9% so far in 2026.