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CASY: Store Expansion And Margin Outlook Will Support Premium Multiple Ahead

Analysts Raise Targets for Casey's General Stores as Growth Outlook and Valuation Improve

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CASY
AnalystConsensusTarget
Not Invested
Published 12 Sep 2024

Update shared on 18 Dec 2025

Fair value Increased 1.38%
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AnalystConsensusTarget's Fair Value
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1Y
39.8%
7D
2.1%

Analysts have nudged their price target for Casey's General Stores higher from 591.86 dollars to 600.00 dollars, citing slightly improved margin expectations and a modestly lower discount rate that more than offset trimmed revenue growth and a reduced future earnings multiple.

What's in the News

  • Plans to open at least 80 additional stores in fiscal 2026 through a mix of acquisitions and new builds, targeting roughly 500 new locations over the current three year strategic plan, with about 600 million dollars in capital spending on property and equipment (Key Developments).
  • New fiscal 2026 guidance calling for inside same store sales growth of 3% to 4% and an inside margin range of 41% to 42% (Key Developments).
  • Completion of a share repurchase tranche totaling 523,512 shares, or 1.41% of shares outstanding, for 167.39 million dollars under the buyback program announced in March 2018, including 61,535 shares bought between August 1 and October 31, 2025 (Key Developments).

Valuation Changes

  • Fair Value Estimate has risen slightly, from 591.86 dollars to 600.00 dollars per share.
  • Discount Rate has edged down marginally, from about 7.11% to about 7.09%, which modestly supports a higher valuation.
  • Revenue Growth Assumption has been reduced moderately, from roughly 5.82% to about 5.24% annually.
  • Net Profit Margin Assumption has increased slightly, from about 4.00% to roughly 4.08%, reflecting improved margin expectations.
  • Future P/E Multiple has been cut modestly, from approximately 34.6x to about 32.9x projected earnings.

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