Casey's General (CASY) AI Stock Analysis

• Market Cap: $20.36B
• Dividend Yield: 0.38%
• Average Volume (3M): 380.62K
• Price to Earnings (P/E): 34.9
• Beta (1Y): 0.51
• Revenue Growth: 8.74%
• EPS Growth: 13.37%
• Country: US
• Employees: 20,935
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 5.77
• Shares Outstanding: 37,181,263
• 10 Day Avg. Volume: 399,373
• 30 Day Avg. Volume: 380,615
• PEG Ratio: 3.51
• Price to Book (P/B): 4.89
• Price to Sales (P/S): 1.08
• P/FCF Ratio: 29.37
• Enterprise Value/Market Cap: 1.07
• Enterprise Value/Revenue: 1.33
• Enterprise Value/Gross Profit: 5.75
• Enterprise Value/Ebitda: 17.23
• 1Y Price Target: $568.60
• Price Target Upside: 3.85% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11

• Rating: 75 Outperform
• Price Target: $609.00 ▲(11.22% Upside)

Casey's General Stores demonstrates strong financial performance and positive earnings call results, which are the most significant factors driving the score. However, technical indicators suggest the stock is overbought, and the high P/E ratio indicates potential overvaluation. These factors, combined with increased operating expenses, moderate the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth highlights the company's ability to expand its market reach and enhance product offerings, supporting long-term business sustainability.

Cash Flow Generation

Robust cash flow generation ensures the company can fund operations, invest in growth opportunities, and maintain financial flexibility over time.

Market Share Growth

Gaining market share in the fuel segment strengthens Casey's competitive position and enhances its ability to drive future revenue growth.

Negative Factors

Rising Operating Expenses

Increasing operating expenses can pressure profit margins and may require strategic cost management to maintain long-term profitability.

Impact of Acquisitions on Margins

Acquisitions impacting margins could challenge the company's ability to maintain profitability unless synergies are realized efficiently.

Increased Interest Expenses

Rising interest expenses may strain financial resources, potentially limiting investment in growth initiatives and affecting long-term financial health.

Casey's General Business Overview & Revenue Model

Company Description

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages; tobacco and nicotine products; health and beauty aids; automotive products; and other nonfood items. The company's stores also provide motor fuel for sale on a self-service basis; and gasoline and diesel fuel. In addition, its stores offer various products, include soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, electronic accessories, housewares, and pet supplies; and lotto/lottery and prepaid cards. Further, the company operates two stores that sells tobacco and nicotine products; one liquor store; and one grocery store. As of April 30, 2022, it operated 2,452 convenience stores. Casey's General Stores, Inc. was founded in 1959 and is headquartered in Ankeny, Iowa.

How the Company Makes Money

Casey's General Stores generates revenue through several key streams: fuel sales, grocery and convenience store merchandise, and prepared food services. A significant portion of its earnings comes from fuel sales, where the company benefits from selling gasoline to customers at competitive prices. Additionally, the grocery and convenience store merchandise includes snacks, beverages, and household goods, which contribute to overall sales. Prepared food services, particularly its popular pizza offerings, have become a crucial revenue driver, appealing to customers seeking quick meal options. The company also engages in strategic partnerships with suppliers and vendors to enhance its product offerings and improve operational efficiencies, further supporting its revenue growth.

Casey's General Financial Statement Overview

Summary

Casey's General exhibits strong financial health with consistent revenue growth, solid profit margins, and effective cash flow management. The company maintains a balanced leverage position, though increasing debt levels warrant attention. Continued focus on sustaining revenue growth and managing debt will be crucial for long-term stability.

Income Statement

Casey's General has shown consistent revenue growth with a 2.94% increase in the TTM period. The gross profit margin is healthy at 23.54%, and the net profit margin is stable at 3.43%. The EBIT and EBITDA margins are also solid at 4.99% and 7.53%, respectively, indicating strong operational efficiency. However, the revenue growth rate has slowed compared to previous years, which could be a concern if the trend continues.

Balance Sheet

The company maintains a reasonable debt-to-equity ratio of 0.84, suggesting a balanced approach to leveraging. Return on equity is strong at 16.28%, reflecting effective use of shareholder funds. However, the equity ratio is not provided, which limits a full assessment of financial stability. The increase in total debt over the years is a point to monitor for potential risk.

Cash Flow

Casey's General has demonstrated robust cash flow management with a 13.95% growth in free cash flow in the TTM period. The operating cash flow to net income ratio is nearly 1, indicating efficient conversion of income to cash. The free cash flow to net income ratio is healthy at 53.59%, supporting the company's ability to fund operations and growth. However, fluctuations in free cash flow growth in previous years suggest potential volatility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	16.41B	15.94B	14.86B	15.09B	12.95B	8.71B
Gross Profit	3.80B	3.75B	3.35B	3.07B	2.76B	2.36B
EBITDA	1.27B	1.20B	1.06B	952.46M	801.24M	719.24M
Net Income	581.68M	546.52M	501.97M	446.69M	339.79M	312.90M
Balance Sheet
Total Assets	8.37B	8.44B	6.35B	5.94B	5.51B	4.46B
Cash, Cash Equivalents and Short-Term Investments	458.07M	326.66M	206.48M	378.87M	158.88M	336.55M
Total Debt	2.89B	2.96B	1.64B	1.67B	1.69B	1.36B
Total Liabilities	4.73B	4.93B	3.33B	3.28B	3.26B	2.53B
Stockholders Equity	3.64B	3.51B	3.02B	2.66B	2.24B	1.93B
Cash Flow
Free Cash Flow	666.21M	584.63M	370.95M	405.38M	462.27M	362.84M
Operating Cash Flow	1.18B	1.09B	892.95M	881.95M	788.74M	804.09M
Investing Cash Flow	-1.72B	-1.73B	-825.36M	-545.03M	-1.16B	-444.34M
Financing Cash Flow	687.89M	755.99M	-239.98M	-116.93M	191.59M	-101.48M

Casey's General Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 547.54
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CASY, the sentiment is Positive. The current price of 547.54 is above the 20-day moving average (MA) of 535.18, above the 50-day MA of 522.71, and above the 200-day MA of 459.84, indicating a bullish trend. The MACD of 9.58 indicates Positive momentum. The RSI at 60.55 is Neutral, neither overbought nor oversold. The STOCH value of 26.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CASY.

Casey's General Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DKS	82 Outperform	$20.47B	15.93	34.98%	2.08%	2.70%	4.58%
CASY	75 Outperform	$20.36B	34.87	17.10%	0.38%	8.74%	13.37%
BBY	71 Outperform	$16.00B	20.99	28.65%	4.98%	-2.21%	-37.30%
TSCO	70 Outperform	$29.95B	27.80	43.66%	1.61%	2.96%	-2.02%
GPC	67 Neutral	$19.15B	23.72	17.20%	2.97%	2.65%	-32.91%
MUSA	67 Neutral	$7.57B	16.24	75.92%	0.51%	-7.95%	-2.60%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Casey's General Corporate Events

Casey’s General Reports Strong Q1 Financial Results

On September 3, 2025, Casey’s General Stores held its annual shareholders’ meeting where eleven director nominees were elected, and several proposals were voted on, including the ratification of KPMG LLP as the independent accounting firm and the approval of the 2025 Stock Incentive Plan. Additionally, Casey’s announced its financial results for the first quarter ending July 31, 2025, reporting a 19.5% increase in net income to $215.4 million and a 19.8% rise in EBITDA to $414.3 million. The company experienced strong growth in both inside sales and fuel sales, attributed to effective merchandising strategies and an increase in store count, which positively impacted its financial performance.