Cavco Industries stock gained 1.37 percent on October 2

Published on 10/04/2026 at 09:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cavco Industries stock closed at USD 585.13 on October 2, 2026. Oppenheimer set a USD 720 target as quarterly revenue beat estimates but EPS missed.

CVCO, US1495681074, Illustration mit AI erstellt.

Cavco Industries (ISIN US1495681074) stock closed at USD 585.13 on Nasdaq on October 2, 2026, up 1.37 percent from the prior session's USD 577.20. The latest analyst move came on September 30, when Investing.com reported that Oppenheimer initiated coverage with an Outperform rating and a USD 720 price target.

Oppenheimer sets a USD 720 target

The target stands USD 134.87 above the October 2 closing price, while the analyst consensus cited by MarketBeat was a Moderate Buy with an average target of USD 710. The same report identified a USD 443.33 12-month low and a USD 713.01 high, placing the October 2 close 17.94 percent below the yearly peak.

Revenue beat while EPS missed

Cavco's first quarter of fiscal 2027 produced revenue of USD 609.96 million, compared with the USD 590.54 million consensus cited by MarketBeat. Adjusted EPS was USD 5.43 against USD 5.69 expected, a USD 0.26 shortfall that keeps margin execution central to the investment case.

The quarter's revenue was a record, according to Investing.com, but higher costs and weaker margins weighed on earnings. Oppenheimer expects organic growth to turn positive from fiscal third quarter and sees margin recovery through fiscal 2028, with the El Mirage project adding capacity in fiscal 2028.

Factory built housing remains core

Cavco operates 33 homebuilding production lines and 92 company-owned retail stores, according to its Investor Relations page. Its operations cover manufactured and modular homes, commercial buildings, park model recreational vehicles, vacation cabins, insurance and homebuyer financing.

Stock remains below its yearly high

Cavco Industries stock had a USD 4.5 billion market capitalization on October 2, 2026. The USD 585.13 Nasdaq closing price remained inside the USD 443.34 to USD 713.01 52-week range, leaving the next quarterly checkpoint tied to revenue conversion and margin recovery.