CASY: Casey’s General Stores Shares Up Following Trading Report
October 27, 2023
☀️Trending News
Casey’s General Stores ($NASDAQ:CASY) ($CASY) released their trading report recently and the market reacted positively with the stock price increasing. It is one of the largest convenience store chains in the US and is well known for its freshly made food, fuel, and other groceries. The news of Casey’s General Stores trading report was well received by investors, and the stock is currently performing well.
Price History
CASEY’S GENERAL STORES shares were up on Wednesday following the release of their trading report. On the day, the stock opened at $265.6 and closed at $268.9, representing a 1.1% increase from their prior closing price of $266.0. This momentum was sustained throughout the day with traders showing a positive sentiment toward the company’s performance. This was reflected in the share price, which continued to rise as investors reacted to the news. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CASY. More…
| Total Revenues | Net Income | Net Margin |
| 14.51k | 463 | 3.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CASY. More…
| Operations | Investing | Financing |
| 834.88 | -543.33 | -164.79 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CASY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.06k | 3.29k | 74.5 |
Key Ratios Snapshot
Some of the financial key ratios for CASY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.8% | 14.2% | 4.5% |
| FCF Margin | ROE | ROA |
| 2.6% | 15.1% | 6.8% |
Analysis
GoodWhale has conducted an analysis of CASEY’S GENERAL STORES’s wellbeing and found that it is classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. The company is strong in dividend, growth, profitability, and medium in asset. It also has a high health score of 8/10 considering its cashflows and debt, indicating that it is capable of paying off debt and funding future operations. As such, CASEY’S GENERAL STORES would be attractive to investors looking for stability and strong returns. Its strong competitive advantage makes it an attractive long-term investment for those looking for steady growth and yields. Those who are more risk averse may also be interested in the company since its health score is very high, indicating it has the ability to pay off debt and fund future operations. More…
Peers
Casey’s General Stores Inc is in competition with Murphy USA Inc, Nanning Department Store Co Ltd, Hunan Friendship & Apollo Commercial Co Ltd. All four of these companies are retailers that offer similar products and services. The competition between these companies is based on price, quality, convenience, and customer service.
– Murphy USA Inc ($NYSE:MUSA)
Murphy USA Inc is a gas station and convenience store chain that operates in the southern and midwestern United States. As of 2022, the company has a market cap of 6.47B and a return on equity of 64.41%. The company was founded in 1996 and is headquartered in El Dorado, Arkansas. Murphy USA operates over 1,400 gas stations and convenience stores across the United States. The company’s gas stations offer a variety of fuels, including regular, premium, and diesel. In addition to gasoline, Murphy USA convenience stores sell a variety of food and beverage items, such as snacks, candy, soft drinks, and coffee.
– Nanning Department Store Co Ltd ($SHSE:600712)
Nanning Department Store Co Ltd has a market cap of $2.04 billion as of 2022 and a Return on Equity of 0.63%. The company operates department stores in Nanning, Guangxi, China. It offers a range of merchandise, including apparel, cosmetics, and home appliances. The company also operates a loyalty program that offers discounts and rewards to customers who shop at its stores.
– Hunan Friendship & Apollo Commercial Co Ltd ($SZSE:002277)
Hunan Friendship & Apollo Commercial Co Ltd is a company that operates in the commercial sector. It has a market capitalization of 4.99 billion as of 2022 and a return on equity of 3.02%. The company focuses on providing commercial services to businesses in China. These services include leasing, property management, and investment management. The company also provides consulting services for businesses expanding into China.
Summary
Casey’s General Stores (CASY) has seen a strong performance in the market in the last year. Casey’s General Stores maintains a solid balance sheet with low debt and a high liquidity ratio. It has maintained consistent growth in same store sales and operating margins in recent quarters. With its strong fundamentals, the stock seems well-positioned to continue to deliver positive returns in the coming months.
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