CASY

Casey's General Stores, Inc.
Consumer CyclicalSpecialty RetailNASDAQ
$767.14
-$53.63 (-6.99%)today
Conviction
6/ 10
Fair Value$739
Upside-3.67%
Signal0
Market Cap$27.4B
52W Range$410.01–$757.25
Next EarningsJun 8

Conviction History

Conviction Changes

Mar 27, 2026, 5:33 AM76sec-read
Mar 18, 2026, 7:04 PM57conviction-rescore
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Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid
Fair Value$690.13
Current Price$714.24
Upside / Down-3.4%
P(Undervalued)46.4%
P(20%+ Up)26.1%
P(15%+ Down)37.2%

Fair Value Distribution — percentile bands

46.4% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

6.7%/yr

±8.8% · revenue growth to justify current price

FCF-Based Reverse DCF

22.6%/yr

±3.8% · FCF growth to justify current price

THE GAP

Market pricing margin compression or rising capex

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Bull Case

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Bear Case

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Research Feed

sec_10qMar 27
Conviction: unchanged
Q3 FY2026: Margin Expansion Confirmed, But Fuel Sustainability at Risk

Strong margin expansion and inside-store pricing power offset flat Q3 revenue. Fuel margins at elevated historical levels with mgmt warning of normalization risk. Fair value $750 (40x forward); curren...

sec_10qMar 23
Conviction: unchanged
Q3 FY2026 (Jan 31, 2026): Strong Inside Margins & EPS Growth Despite Flat Headline Revenue

CASY: Q3 FY26 10-Q confirms thesis on inside-store margin expansion and same-store sales resilience. Prepared food +4.3% SSS, grocery +4.0% SSS. Fuel margin elevated at 41.2c/gal. Debt declining, OCF ...

analysisMar 12
Conviction: unchanged
Casey's General Stores: The Rural Moat Compounding Machine

Casey's is a 'pizza chain that sells gas' with a genuine geographic moat in rural/small-town America. 5th largest pizza chain in the US. 60% owned real estate. 14% CAGR over 10 years. Post-Fikes acqui...