Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
CVCO logo CVCO
Upturn stock ratingUpturn stock rating
CVCO logo

Cavco Industries Inc (CVCO)

Upturn stock ratingUpturn stock rating
$434.43
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/30/2025: CVCO (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

ratingratingratingratingrating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

3 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Year Target Price $551.67

Year Target Price $551.67

Analyst’s Price TargetsFor last 52 week
$551.67Target price
Low$331.08
Current$434.43
high$549.99

Analysis of Past Performance

Type Stock
Historic Profit -15.42%
Avg. Invested days 37
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.48B USD
Price to earnings Ratio 20.78
1Y Target Price 551.67
Price to earnings Ratio 20.78
1Y Target Price 551.67
Volume (30-day avg) 3
Beta 1.17
52 Weeks Range 331.08 - 549.99
Updated Date 06/30/2025
52 Weeks Range 331.08 - 549.99
Updated Date 06/30/2025
Dividends yield (FY) -
Basic EPS (TTM) 20.71

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 8.49%
Operating Margin (TTM) 9.64%

Management Effectiveness

Return on Assets (TTM) 9.07%
Return on Equity (TTM) 16.31%

Valuation

Trailing PE 20.78
Forward PE -
Enterprise Value 3138991024
Price to Sales(TTM) 1.73
Enterprise Value 3138991024
Price to Sales(TTM) 1.73
Enterprise Value to Revenue 1.56
Enterprise Value to EBITDA 13.6
Shares Outstanding 8088790
Shares Floating 7506244
Shares Outstanding 8088790
Shares Floating 7506244
Percent Insiders 6
Percent Institutions 98.3

Analyst Ratings

Rating 2
Target Price 551.67
Buy 1
Strong Buy 1
Buy 1
Strong Buy 1
Hold 1
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Cavco Industries Inc

stock logo

Company Overview

overview logo History and Background

Cavco Industries, Inc. was founded in 1965. Initially a shell company, it acquired Cavco West, a mobile home manufacturer, in 1969, marking its entry into the manufactured housing industry. Since then, Cavco has grown through acquisitions and organic expansion, becoming a major player in the industry.

business area logo Core Business Areas

  • Manufactured Housing: Cavco designs, produces, and sells a variety of manufactured homes, including park model homes, modular homes, and commercial structures.
  • Financial Services: Cavco provides financial services, including retail consumer financing, wholesale financing to independent retailers, and insurance products to homeowners.
  • Mortgage Banking: Cavco originates, sells, and services mortgage loans, primarily on manufactured homes.

leadership logo Leadership and Structure

Daniel Brumm is the President and CEO. The company operates with a functional organizational structure, with distinct business units for manufacturing, finance, and mortgage banking.

Top Products and Market Share

overview logo Key Offerings

  • Manufactured Homes: Cavco's manufactured homes are their core product, offering affordable housing solutions. Market share varies regionally, but Cavco is a significant player. Competitors include Skyline Champion (SKY), Clayton Homes (Berkshire Hathaway), and UMH Properties (UMH).
  • Financial Services (Consumer Loans): Retail consumer financing helps customers purchase Cavco homes. Market share is tied to Cavco's home sales. Competitors include regional and national lenders specializing in manufactured home loans, and credit unions.
  • Mortgage Banking: Origination, sale and servicing of mortgages related to manufactured homes. Competitors include regional and national lenders specializing in manufactured home loans, and credit unions.

Market Dynamics

industry overview logo Industry Overview

The manufactured housing industry is driven by the demand for affordable housing, particularly in rural areas. The industry is sensitive to economic cycles, interest rates, and government regulations.

Positioning

Cavco is a vertically integrated company with manufacturing, finance, and mortgage banking operations. This allows them to control costs and offer comprehensive solutions to customers. Their competitive advantage lies in their scale, brand recognition, and integrated business model.

Total Addressable Market (TAM)

The total addressable market (TAM) for manufactured housing in the U.S. is estimated to be in tens of billions of dollars annually. Cavco is positioned to capture a significant portion of this market through its diverse product offerings and vertically integrated operations.

Upturn SWOT Analysis

Strengths

  • Vertically integrated business model
  • Strong brand recognition
  • Extensive distribution network
  • Diverse product portfolio
  • Experienced management team

Weaknesses

  • Exposure to economic cycles
  • Dependence on government regulations
  • Geographic concentration in certain markets
  • Potential for increased competition
  • Sensitivity to interest rate fluctuations

Opportunities

  • Expanding into new geographic markets
  • Developing new products and services
  • Increasing market share through acquisitions
  • Benefiting from government initiatives to promote affordable housing
  • Capitalizing on the growing demand for sustainable housing solutions

Threats

  • Economic downturns
  • Rising interest rates
  • Increased competition
  • Changes in government regulations
  • Supply chain disruptions

Competitors and Market Share

competitor logo Key Competitors

  • SKY
  • BRK.A
  • UMH

Competitive Landscape

Cavco's vertically integrated business model gives it a competitive edge over less integrated players. However, Skyline Champion and Clayton Homes have significant scale. UMH focuses on rental communities.

Major Acquisitions

Commodore Corporation

  • Year: 2021
  • Acquisition Price (USD millions): 230
  • Strategic Rationale: Expanded Cavco's manufacturing capacity and geographic presence in the eastern United States.

Growth Trajectory and Initiatives

Historical Growth: Cavco has experienced significant growth through acquisitions and organic expansion, driven by the increasing demand for affordable housing.

Future Projections: Future growth projections depend on factors such as economic conditions, interest rates, and government policies. Analyst estimates would be needed for specific figures.

Recent Initiatives: Recent initiatives may include acquisitions of smaller manufacturers, expansion into new markets, and investments in new technologies.

Summary

Cavco Industries is a strong player in the manufactured housing industry due to its vertically integrated model. Demand for affordable housing is a tailwind, but economic cycles and interest rates pose risks. Continued expansion and strategic acquisitions are key to maintaining growth. Interest rate risks and cyclicality should be monitored.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings (10-K, 10-Q), press releases, industry reports, analyst estimates.

Disclaimers:

This analysis is based on publicly available information and should not be considered investment advice. Market data is approximate and may vary based on reporting agencies and time of measurement. Accuracy is not guaranteed.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Cavco Industries Inc

Exchange NASDAQ
Headquaters Phoenix, AZ, United States
IPO Launch date 2003-07-01
President, CEO & Director Mr. William C. Boor C.F.A.
Sector Consumer Cyclical
Industry Residential Construction
Full time employees 7000
Full time employees 7000

Cavco Industries, Inc. designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company produces park model RVs; vacation cabins; and factory-built commercial structures, including apartment buildings, condominiums, hotels, workforce housing, schools, and housing for the United States military troops. It also produces various modular homes, which include single and multi-section ranch, split-level, and Cape Cod style homes, as well as two- and three-story homes, and multi-family units. In addition, the company provides conforming and non-conforming mortgages and home-only loans to purchasers of various brands of factory-built homes sold by company-owned retail stores, as well as various independent distributors, builders, communities, and developers. Further, it offers property and casualty insurance to owners of manufactured homes. The company distributes its products through a network of independent and company-owned retailers, planned community operators, and residential developers. The company was founded in 1965 and is headquartered in Phoenix, Arizona.