CASY Stock Surges 14% With A 8-day Winning Spree On Keybanc, Jefferies Upgrades
Casey’s General Stores (CASY) – a convenience store chain operating 2,400 stores in the US – hit 8-day winning streak, with cumulative gains over this period amounting to a 14%. The company market cap has surged by about $2.8 Bil over the last 8 days, and currently stands at $24 Bil.
The stock has YTD (year-to-date) return of 15.9% compared to 1.4% for S&P 500. This calls for a re-evaluation of the stock’s valuation to find out whether this is an opportunity, or a trap.
What Triggered The Rally?
[1] Analyst Price Target Hikes
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- Keybanc raised its price target to $650
- Jefferies increased its target to $700
- Impact: Stock hit a new all-time high, Increased investor confidence
[2] Bullish Analyst Ratings
- Jefferies maintained a ‘Buy’ rating
- Zacks Research upgraded to ‘strong-buy’
- Impact: Positive market sentiment, Increased institutional interest
Opportunity or Trap?
Below is our take on valuation.
There is a near-equal mix of good and bad in CASY stock given its overall Moderate operating performance and financial condition. But keeping in mind its High valuation, we think that the stock is Unattractive (For details, see Buy or Sell CASY).
But here is the real interesting point.
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Returns vs S&P 500
The following table summarizes the return for CASY stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | CASY | S&P 500 |
|---|---|---|
| 1D | 0.5% | -0.1% |
| 8D (Current Streak) | 13.6% | -0.1% |
| 1M (21D) | 15.8% | 2.1% |
| 3M (63D) | 14.2% | 4.7% |
| YTD 2026 | 15.9% | 1.4% |
| 2025 | 40.1% | 16.4% |
| 2024 | 45.0% | 23.3% |
| 2023 | 23.3% | 24.2% |
However, big gains can follow sharp reversals – but how has CASY behaved after prior drops? See CASY Dip Buyer Analysis to learn more.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 102 S&P constituents with 3 days or more of consecutive gains and 49 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 38 | 16 |
| 4D | 17 | 11 |
| 5D | 22 | 12 |
| 6D | 0 | 5 |
| 7D or more | 25 | 5 |
| Total >=3 D | 102 | 49 |
Key Financials for Casey’s General Stores (CASY)
Last 2 Fiscal Years:
| Metric | FY2024 | FY2025 |
|---|---|---|
| Revenues | $14.9 Bil | $15.9 Bil |
| Operating Income | $709.6 Mil | $796.4 Mil |
| Net Income | $502.0 Mil | $546.5 Mil |
Last 2 Fiscal Quarters:
| Metric | 2026 FQ1 | 2026 FQ2 |
|---|---|---|
| Revenues | $4.6 Bil | $4.5 Bil |
| Operating Income | $305.3 Mil | $298.7 Mil |
| Net Income | $215.4 Mil | $206.3 Mil |
While CASY stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.