Cavco rises after quarterly results show record shipments and revenue

What happened

Cavco (CVCO) rose 13.1% on October 30, 2026, because its quarterly results showed record shipments and revenue and beat earnings expectations. The company reported earnings on October 29, 2026: earnings per share of $6.47 against $5.52 expected, 17.2% above estimates. Executives discussed the results on an earnings call held on October 30, 2026, according to Seeking Alpha and MarketBeat. Trading was heavy as volume ran 2.5 times its 20-day average; the stock reached an intraday high of $632.89 before last trading at $619.00. Volume on the session was 248,700 shares, and the move was driven by the stronger-than-expected results and elevated backlog heading into the seasonally slower winter period.

How big was the move

The stock rose 13.1% on the session and rose 15.9% over the last five sessions, a swing the data characterizes as 4.8 times a typical daily move for this stock. Cavco opened 12.2% above the previous close and traded on volume of 2.5 times its 20-day average. The gain outpaced the Consumer Cyclical sector median by 13.6 percentage points on the day; the sector fell 0.5% while the S&P 500 fell 1.8%. Short-term volatility pushed the one-month return to rose 7.2% and the three-month return to rose 13.4%.

The technical picture

Technically, the stock sat 14.8% above its 20-day moving average, 12.7% above its 50-day moving average and 12.5% above its 200-day moving average. The 50-day average is below the 200-day average, a sign of a weak longer-term trend, even as the stock traded comfortably above those averages during the rally. The Relative Strength Index (14 days) was 68, inside a neutral range. Cavco remained 13.2% below the 52-week high and had risen 22.8% over one year, 12.8 percentage points ahead of the S&P 500 over that period. Sixty-day annualized volatility was 43%, higher than 70% of its own readings over the past five years, indicating a period of elevated price swings.

Fundamentals and valuation

For the four quarters through September 26, 2026, Cavco reported revenue of $2.40 billion, which grew 11.8% from a year earlier. Diluted earnings per share were $23.60, while earnings per share growth from a year earlier fell 3.0%. Gross margin narrowed to 22.7% from 23.8% a year earlier, and operating margin dipped to 9.5% from 10.5%. Free-cash-flow margin stood at 9.7% and return on invested capital was 14.5%, reflecting continued profitability despite modest margin compression.

The balance sheet showed net cash of $239.0 million and share count over one year decreased by 3.2%. Valuation sits at 26.2 times trailing earnings and 27.4 times expected earnings, with a free-cash-flow yield of 5.7%. The price to trailing earnings is higher than 95% of its own readings over the past five years; the five-year median is 19.1 times earnings, indicating a rich multiple relative to Cavco’s recent history.

PromtFinance scores rank Cavco with strong Quality at 88 and Stability at 83, positive Growth at 73 and Momentum at 74, but weak Value at 26 and weak Revisions at 19. Those mixed signals reflect solid underlying profitability and cash generation alongside a high valuation and limited recent upward analyst revisions.

Earnings and analyst expectations

Cavco reported the October 29, 2026, quarter with earnings per share of $6.47 against $5.52 expected, 17.2% above estimates, marking one consecutive quarter beating estimates. The average surprise over the last four reports was 2.2% above estimates, and the typical two-day reaction after recent reports was rose 0.1%. Analysts’ consensus price target was $710.00, 14.7% above the closing price on October 30, 2026. The next report is scheduled for February 4, 2027.

Management said orders continued to exceed production and pushed backlog higher heading into the seasonally slower winter period, according to Seeking Alpha and MarketBeat. That backlog, combined with record shipments, helps explain the stock’s strong session, as the results pointed to resilient demand even as margins modestly compressed year over year.

What to watch

• October 29, 2026: earnings per share of $6.47 against $5.52 expected, 17.2% above estimates
• The company reported record shipments and revenue for its second quarter of fiscal 2027, with orders continuing to exceed production and pushing backlog higher, according to Seeking Alpha and MarketBeat
• Trading reached an intraday high of $632.89 on October 30–31, 2026, and the stock traded above its 200-day moving average of $552.09, as reported by Defense World
• Next report scheduled for February 4, 2027