Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Cavco Industries, Inc. before investing.

In this article, we go over a few key elements for understanding Cavco Industries, Inc.’s stock price such as:

• Cavco Industries, Inc.’s current stock price and volume
• Why Cavco Industries, Inc.’s stock price changed recently
• Upgrades and downgrades for CVCO from analysts
• CVCO’s stock price momentum as measured by its relative strength

About Cavco Industries, Inc. (CVCO)

Before we jump into Cavco Industries, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Cavco Industries, Inc. is a producer of manufactured homes in the United States. The Company designs and produces factory-built homes primarily distributed through a network of independent and Company-owned retailers, planned community operators and residential developers. Its segments include Factory-built Housing and Financial Services. The Factory-built Housing segment includes wholesale and retail factory-built housing operations. The Financial Services segment includes manufactured housing consumer finance and insurance. Its products are marketed under a variety of brand names including Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry and Solitaire. The Company also produces park model recreational vehicles (RVs), vacation cabins and factory-built commercial structures. CountryPlace Acceptance Corp. is its finance subsidiary and Standard Casualty Co. is its insurance subsidiary.

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Cavco Industries, Inc.’s Stock Price as of Market Close

As of July 16, 2024, 4:00 PM, CST, Cavco Industries, Inc.’s stock price was $410.75.

Cavco Industries, Inc. is up 7.61% from its previous closing price of $381.71.

During the last market session, Cavco Industries, Inc.’s stock traded between $372.87 and $385.77. Currently, there are 8.34 million shares of Cavco Industries, Inc. stock available for purchase.

Cavco Industries, Inc.’s price-earnings (P/E) ratio is currently at 20.8, which is high compared to the Homebuilding industry median of 10.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Cavco Industries, Inc. Stock Price History

Cavco Industries, Inc.’s (CVCO) price is currently up 18.66% so far this month.

During the month of July, Cavco Industries, Inc.’s stock price has reached a high of $411.58 and a low of $331.08.

Over the last year, Cavco Industries, Inc. has hit prices as high as $400.99 and as low as $233.84. Year to date, Cavco Industries, Inc.’s stock is up 81.55%.

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What Caused Cavco Industries, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 15, 2024, there were 3 analysts who downgraded Cavco Industries, Inc.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Cavco Industries, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Cavco Industries, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Cavco Industries, Inc.’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Cavco Industries, Inc. (CVCO) by visiting AAII Stock Evaluator.

Relative Price Strength of Cavco Industries, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 15, 2024, Cavco Industries, Inc. has a weighted four-quarter relative price strength of -0.75%, which translates to a Momentum Score of 67 and is considered to be Strong.

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Cavco Industries, Inc. Stock Price: Bottom Line

As of July 16, 2024, Cavco Industries, Inc.’s stock price is $410.75, which is up 7.61% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Cavco Industries, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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