Alert: Negative Investment/Fundamental Signals (11/24/23)-Cavco Industries Inc (NASDAQ: CVCO)


Recent significant negative changes in fundamentals have impacted Cavco Industries Inc (NASDAQ: CVCO). Negative developments: the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, the consensus estimate for March, 2023 decreased significantly, and the consensus estimate for March, 2024 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.

Cavco Industries Inc (NASDAQ: CVCO) suffers from notable negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, CVCO is expected to continue to be a Value Builder.

Cavco Industries has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Cavco Industries has a slightly positive Appreciation Score of 63 and a neutral Power Rating of 49, leading to the Neutral Value Trend Rating.

Recent Price Action

Cavco Industries Inc (NASDAQ: CVCO) stock rose modestly by 0.6% on 11/24/23. The stock closed at $279.99. The stock has performed in line with the market over the last nine months and has declined -3.5% during the last week.

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