CVCO Stock Recent News

What does falling mortgage rates mean for home builder stocks? Jay McCanless, Housing Analyst at Wedbush Securities, joins Yahoo Finance to discuss why he is less bullish on home builders and to shed light on one under-the-radar stock: Cavco Industries (CVCO).

PHOENIX, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the third quarter ended December 30, 2023 on Thursday, February 1, 2024 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, February 2, 2024 at 1:00 p.m. Eastern Time.

Most economists were wrong about 2023, and there are now mixed opinions about how 2024 is going to be. Cavco Industries, a manufactured home builder, is impacted drastically by this uncertainty but is expected to benefit from strong long-term trends. Resilient U.S. market and ongoing trends such as low house affordability make Cavco Industries a promising investment opportunity.

The consolidation trend in the manufactured housing industry persists, with the top three companies exceeding a 75% market share. Despite the short-term headwinds, Cavco will benefit from the U.S. demographic structure and the housing shortage. From a conservative approach compared to the analyst consensus, I consider Cavco to be undervalued, assigning a fair price of $382 with a 35% upside potential.

Cavco Industries, Inc. (NASDAQ:CVCO ) Q2 2024 Earnings Conference Call November 3, 2023 1:00 PM ET Company Participants Mark Fusler - Corporate Controller and IR Bill Boor - President and CEO Allison Aden - Executive Vice President and CFO Paul Bigbee - Chief Accounting Officer Conference Call Participants Daniel Moore - CJS Securities Greg Palm - Craig-Hallum Jay McCanless - Wedbush Michael Chapman - Aviance Capital Partners Operator Good day. And welcome to the Cavco Industries Second Quarter Fiscal Year 2024 Earnings Conference Call.

PHOENIX, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the second quarter ended September 30, 2023 on Thursday, November 2, 2023 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, November 3, 2023 at 1:00 p.m. Eastern Time.

Houses in the United States get less affordable each day, strongly backed by data. Cavco Industries builds affordable manufactured homes, which are the perfect solution for people who want to buy homes cheaply. The company's top line is strong, and the stock appears undervalued. It secures a "Buy" rating.

Manufactured home companies also produce temporary housing for people in need, including after natural disasters.

Cavco Industries, Inc. (NASDAQ:CVCO ) Q1 2024 Earnings Call Transcript August 4, 2023 1:00 PM ET Company Participants Mark Fusler - Corporate Controller and Investor Relations Bill Boor - President and Chief Executive Officer Allison Aden - Executive Vice President and Chief Financial Officer Paul Bigbee - Chief Accounting Officer Conference Call Participants Daniel Moore - CJS Securities Greg Palm - Craig-Hallum Jay McCanless - Wedbush Operator Good day, and welcome to the Cavco Industries First Quarter Fiscal Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

PHOENIX, July 27, 2023 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) will release earnings for the first quarter ended July 1, 2023 on Thursday, August 3, 2023 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, August 4, 2023 at 1:00 p.m. Eastern Time.