Cavco Industries Stock Price, News & Analysis

Cavco Industries (Nasdaq: CVCO) appointed Lisa L. Daniels as an independent director effective October 27, 2025. Daniels is the former Vice Chair of Growth and Strategy at KPMG with over 35 years of professional services experience and is a qualified SEC audit committee Financial Expert. Her appointment increases the Board to eight directors (seven independent) and she joins the Audit and Corporate Governance and Nominating committees.

Daniels holds a BS in Business Administration from Pepperdine and is a licensed CPA in Arizona and California.

Cavco Industries (Nasdaq: CVCO) has completed the acquisition of American Homestar Corporation for $190 million, funded with cash on hand. The transaction, which closed on September 29, 2025, brings American Homestar's two manufacturing facilities and nineteen retail locations under Cavco's umbrella.

American Homestar, operating as Oak Creek Homes, brings manufacturing capabilities, retail presence across Texas, Louisiana, and Oklahoma, along with manufactured home loan operations and insurance agency services. The acquisition strengthens Cavco's position as one of the largest producers of manufactured and modular homes in the United States.

Cavco Industries (Nasdaq: CVCO) reported strong fiscal 2026 first quarter results, with net revenue reaching $557 million, up 16.6% year-over-year. The company achieved a 14.7% increase in home sales volume and improved capacity utilization to 75%. Net income per diluted share rose 56% to $6.42, driven by higher factory-built housing volume and stronger financial services performance.

The company's factory-built housing segment maintained a 22.6% gross profit margin, while financial services saw significant improvement from -0.6% to 40.9%. Cavco executed $50 million in stock repurchases during the quarter, with $178 million remaining under current authorizations. The company also announced plans to acquire American Homestar Corporation to expand its presence in the South Central US.

Cavco Industries (Nasdaq: CVCO) has announced a definitive agreement to acquire American Homestar Corporation for $190 million in cash. American Homestar, known as Oak Creek Homes, operates two manufacturing facilities and nineteen retail locations, with operations in Texas, Louisiana, and Oklahoma.

The target company generated $194 million in revenue and $16.6 million in net income for the twelve months ended May 31, 2025, producing 1,676 homes with its 800 employees. The acquisition, funded entirely from Cavco's cash reserves, is expected to close in Q3 FY2026, subject to regulatory approvals.

The strategic acquisition strengthens Cavco's presence in the South-Central U.S. manufactured housing market and is expected to be accretive to earnings and cash flow from operations, with potential for operational and cost synergies.

Cavco Industries (NASDAQ: CVCO) reported strong financial results for Q4 and FY2025. Q4 net revenue reached $508M, up 21% from $420M in the prior year. Q4 net income was $36M with EPS of $4.47, while adjusted EPS was $5.40. For FY2025, net revenue grew 12.3% to $2.01B, with net income per share of $20.71. The company saw increased sales volume despite lower average selling prices. Factory-built housing gross profit margin slightly decreased to 22.9%. The company announced a new $150M stock repurchase program after completing approximately $150M in buybacks during the year. Backlogs increased to $197M from $191M year-over-year. The company unified its 31 manufacturing facilities under the Cavco name to improve market positioning, though this resulted in a $10M non-cash charge for brand consolidation.

Cavco Industries (NASDAQ: CVCO) has announced a strategic brand unification initiative, consolidating its manufacturing brand portfolio under the Cavco name. The company introduced a new tagline, 'Where Exceptional Meets Affordable', marking its 60th anniversary in the affordable housing market.

The rebranding strategy aims to strengthen national brand identity and streamline product segmentation, focusing on defined product lines rather than legacy brand names. This change is designed to simplify the homebuying process and enhance digital marketing effectiveness for prospective homebuyers, dealers, communities, and developers.

The brand realignment will result in a non-cash charge in Q4 fiscal 2025, impacting pre-tax earnings by approximately $9.9 million and reducing net income by about $7.6 million, reflecting adjustments to legacy intangible brand values.

Cavco Industries (NASDAQ: CVCO) reported strong financial results for Q3 FY2025. Net revenue increased 16.8% to $522 million, driven by a 21.6% growth in home sales volume. Factory-built housing gross profit margin improved to 23.6% from 22.4% year-over-year, while financial services gross profit margin rose to 55.5% from 36.8%.

The company's income before taxes grew 57.9% to $69.3 million, with diluted EPS rising 62% to $6.90. Production capacity utilization increased to 75% from 60% in the prior year. Backlogs stood at $224 million, representing 6-8 weeks of production. The company executed $42 million in stock repurchases during the quarter.

Enpro (NYSE: NPO) has appointed Allison K. Aden to its Board of Directors. Aden brings 30 years of finance experience and currently serves as Executive Vice President and CFO of Cavco Industries. Her expertise spans accounting, financial reporting, corporate strategy, M&A, IT, and cybersecurity across manufacturing, information technology, financial services, and commercial real estate sectors. At Cavco, she leads M&A efforts and oversees financial operations while playing a key role in strategic direction.

Cavco Industries (CVCO) reported strong Q2 FY2025 results with net revenue of $507 million, up 12.3% year-over-year. Home sales volume increased 15.7% with capacity utilization rising to 70%. The company achieved net income of $5.28 per diluted share, up from $4.76 in the prior year. Factory-built housing gross profit margin was 22.9%. Backlogs grew 19% to $276 million, with module backlog up 20%. The Board approved a new $100 million stock repurchase program. Financial services segment was impacted by Hurricane Beryl claims, with gross profit margin declining to 21.8% from 35.9% year-over-year.