Analyst Consensus ?
ConsensusBuy26 ratings
Bullish1973.1%
Neutral726.9%
Bearish00.0%
Casey's General Stores, Inc. · CASY · FY2025 Q4 · Calendar Q2 2025
Casey’s reports record results while integrating Fikes acquisition
The supplied analysis supports a constructive but qualified view: strong inside sales, food innovation, operating efficiencies, acquisitions, and unit growth provide evidence for durable earnings growth, while Fikes integration costs and fuel-margin pressure are important offsets.
Reported After market closeNASDAQConsumer Cyclical
$25.47B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$2.63
Consensus $1.94
EPS surprise
+35.6%
Reported versus consensus
Reported revenue
$3.99B
Consensus $3.93B
Revenue surprise
+1.7%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+11.6%
Event window
SPY move
+0.6%
Same window
Abnormal move
+11.0%
Stock minus SPY
Volume
3.2×
Versus trailing sessions
Subsequent drift
+6.8%
Up to 20 sessions
CASYSPY benchmark
Ask FN2 about CASY FY2025 Q4
Transcript, numbers and history already loaded
Why did CASY rise 11.6% after beating EPS estimates in FY2025 Q4?What changed in CASY's guidance and outlook in FY2025 Q4?Give me the bull and bear case for CASY after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis highlights a completed 198-store Fikes acquisition within a broader 235-store FY2025 acquisition program, continued labor-hour reductions, and FY26 plans for at least 80 new stores. It also identifies a $0.02-per-gallon CEFCO fuel-margin drag expected through FY26 and says the acquisition is EBITDA-accretive but dilutive to FY26 EPS.
Guidance delta
Management maintained guidance: 10%–12% EBITDA growth and 2%–5% same-store sales growth, while noting that the Fikes acquisition is expected to be EBITDA-accretive but dilutive to FY26 EPS.
Key takeaways
- Management described record results, supported by strong inside sales and margin expansion.
- The 198-store Fikes acquisition expands the unit base, but a $0.02-per-gallon CEFCO fuel-margin drag is expected through FY26.
- Growth priorities include at least 80 new stores in FY26, food innovation, operating efficiencies, and continued capital returns.
Management priorities
- Integrate Fikes stores and progress kitchen remodels after FY26.
- Pursue new builds, acquisitions, Fuel 3.0, and upstream fuel procurement.
- Develop food offerings and refresh private-label products across premium, middle, and value tiers.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$689.22Current
$230Low
$746.47Average
$1,069High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 17, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Outperform | Sector Perform | Upgrade | Oct 15, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Sep 11, 2026 |
| UBS | Neutral | Neutral | Maintain | Sep 10, 2026 |
| Raymond James | Outperform | Market Perform | Upgrade | Sep 10, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Sep 10, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Sep 9, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Sep 9, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Sep 3, 2026 |
| BMO Capital | Outperform | Market Perform | Upgrade | Jun 29, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jun 25, 2026 |
| BNP Paribas | Outperform | Outperform | Maintain | Jun 25, 2026 |
| Jefferies | Buy | Buy | Maintain | Mar 10, 2026 |
| Deutsche Bank | Buy | Buy | Maintain | Nov 6, 2024 |
| Benchmark | Buy | Buy | Maintain | Sep 10, 2024 |
| Northcoast Research | Buy | Neutral | Upgrade | Jul 11, 2024 |
| Credit Suisse | Outperform | Neutral | Upgrade | Jul 18, 2023 |
| Wolfe Research | Outperform | Outperform | Maintain | Aug 18, 2022 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jun 10, 2021 |
| Sidoti & Co. | Buy | Buy | Maintain | Oct 15, 2020 |
| Bernstein | Perform | Market Perform | Maintain | Mar 11, 2020 |
| Gabelli & Co. | Hold | Buy | Downgrade | Aug 7, 2019 |
| William Blair | Outperform | Outperform | Maintain | Jul 12, 2017 |
| Bank of America | Buy | Buy | Maintain | Jul 25, 2016 |
| Macquarie | Outperform | Outperform | Maintain | Aug 18, 2015 |
| Feltl & Co. | Buy | Hold | Upgrade | Sep 10, 2014 |
| B of A Securities | Neutral | Buy | Downgrade | Apr 3, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $689.22. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Irene Nattel | $825 | $653.61 | +19.7% | Oct 15, 2026 |
| Evercore ISI | Michael Montani | $775 | $619.14 | +12.4% | Sep 11, 2026 |
| Deutsche Bank | Krisztina Katai | $933 | $635.71 | +35.4% | Sep 10, 2026 |
| UBS | Analyst unavailable | $720 | $629.03 | +4.5% | Sep 10, 2026 |
| Stephens | Analyst unavailable | $750 | $629.03 | +8.8% | Sep 10, 2026 |
| Coker Palmer | Thomas Palmer | $687 | $629.03 | -0.3% | Sep 10, 2026 |
| BMO Capital | Analyst unavailable | $810 | $629.03 | +17.5% | Sep 10, 2026 |
| KeyBanc | Bradley Thomas | $780 | $629.03 | +13.2% | Sep 10, 2026 |
| Raymond James | Bobby Griffin | $750 | $629.03 | +8.8% | Sep 10, 2026 |
| Goldman Sachs | Analyst unavailable | $750 | $629.03 | +8.8% | Sep 9, 2026 |
| Wells Fargo | Analyst unavailable | $750 | $624 | +8.8% | Sep 9, 2026 |
| RBC Capital | Irene Nattel | $910 | $733.49 | +32.0% | Sep 9, 2026 |
| Deutsche Bank | Analyst unavailable | $927 | $758.07 | +34.5% | Sep 4, 2026 |
| UBS | Mark Carden | $925 | $807.12 | +34.2% | Aug 27, 2026 |
| RBC Capital | Analyst unavailable | $913 | $867.16 | +32.5% | Jul 29, 2026 |
| Northcoast Research | Charles Cerankosky | $950 | $852.18 | +37.8% | Jul 13, 2026 |
| RBC Capital | Analyst unavailable | $850 | $794 | +23.3% | Jun 25, 2026 |
| Goldman Sachs | Analyst unavailable | $795 | $801.35 | +15.3% | Jun 25, 2026 |
| Capital One Financial | Analyst unavailable | $896 | $838.69 | +30.0% | Jun 22, 2026 |
| Deutsche Bank | Analyst unavailable | $1,000 | $895.14 | +45.1% | Jun 15, 2026 |
| Stephens | Analyst unavailable | $975 | $902.12 | +41.5% | Jun 12, 2026 |
| Evercore ISI | Analyst unavailable | $990 | $916.28 | +43.6% | Jun 12, 2026 |
| Coker Palmer | Thomas Palmer | $975 | $916.28 | +41.5% | Jun 12, 2026 |
| UBS | Analyst unavailable | $945 | $905.44 | +37.1% | Jun 11, 2026 |
| KeyBanc | Analyst unavailable | $970 | $915.6 | +40.7% | Jun 11, 2026 |
| Wolfe Research | Greg Badishkanian | $1,069 | $915.6 | +55.1% | Jun 11, 2026 |
| BMO Capital | Keely Bania | $950 | $915.6 | +37.8% | Jun 11, 2026 |
| Goldman Sachs | Analyst unavailable | $695 | $915.6 | +0.8% | Jun 10, 2026 |
| Stephens | Pooran Sharma | $900 | $761.18 | +30.6% | Jun 10, 2026 |
| RBC Capital | Irene Nattel | $794 | $761.18 | +15.2% | Jun 10, 2026 |
| UBS | Analyst unavailable | $805 | $779.42 | +16.8% | Jun 3, 2026 |
| Wells Fargo | Analyst unavailable | $910 | $825.02 | +32.0% | May 26, 2026 |
| Evercore ISI | Analyst unavailable | $915 | $859.87 | +32.8% | May 18, 2026 |
| KeyBanc | Analyst unavailable | $860 | $789.82 | +24.8% | Apr 24, 2026 |
| Evercore ISI | Analyst unavailable | $780 | $770.59 | +13.2% | Apr 21, 2026 |
| KeyBanc | Analyst unavailable | $830 | $754.72 | +20.4% | Apr 20, 2026 |
| UBS | Mark Carden | $706 | $684.75 | +2.4% | Mar 11, 2026 |
| BMO Capital | Keely Bania | $700 | $683.89 | +1.6% | Mar 4, 2026 |
| Evercore ISI | Analyst unavailable | $665 | $676.78 | -3.5% | Feb 24, 2026 |
| KeyBanc | Analyst unavailable | $700 | $648.79 | +1.6% | Feb 12, 2026 |
| KeyBanc | Analyst unavailable | $680 | $626.98 | -1.3% | Jan 26, 2026 |
| RBC Capital | Analyst unavailable | $662 | $620.27 | -3.9% | Jan 23, 2026 |
| BNP Paribas | Analyst unavailable | $730 | $640.41 | +5.9% | Jan 20, 2026 |
| KeyBanc | Bradley Thomas | $650 | $616.3 | -5.7% | Jan 15, 2026 |
| Deutsche Bank | Analyst unavailable | $688 | $588.96 | -0.2% | Jan 8, 2026 |
| Goldman Sachs | Analyst unavailable | $530 | $533.76 | -23.1% | Dec 10, 2025 |
| RBC Capital | Analyst unavailable | $591 | $555.33 | -14.3% | Dec 10, 2025 |
| Stephens | Analyst unavailable | $600 | $566.81 | -12.9% | Dec 3, 2025 |
| UBS | Mark Carde | $600 | $566.81 | -12.9% | Dec 3, 2025 |
| Evercore ISI | Michael Montani | $610 | $565.42 | -11.5% | Dec 2, 2025 |
| Wells Fargo | Analyst unavailable | $625 | $569.13 | -9.3% | Dec 2, 2025 |
| Evercore ISI | Analyst unavailable | $585 | $560.94 | -15.1% | Oct 21, 2025 |
| Wells Fargo | Analyst unavailable | $610 | $561.19 | -11.5% | Oct 15, 2025 |
| Evercore ISI | Analyst unavailable | $580 | $538.5 | -15.8% | Sep 10, 2025 |
| BMO Capital | Kelly Bania | $540 | $543.44 | -21.7% | Sep 10, 2025 |
| Wells Fargo | Analyst unavailable | $580 | $538.5 | -15.8% | Sep 10, 2025 |
| Goldman Sachs | Analyst unavailable | $490 | $541.3 | -28.9% | Sep 9, 2025 |
| Jefferies | Analyst unavailable | $600 | $541.3 | -12.9% | Sep 9, 2025 |
| KeyBanc | Bradley Thomas | $575 | $527.51 | -16.6% | Jul 25, 2025 |
| RBC Capital | Irene Nattel | $438 | $402.26 | -36.4% | Mar 12, 2025 |
| Deutsche Bank | Paul Trussell | $454 | $396.9 | -34.1% | Nov 5, 2024 |
| Goldman Sachs | Bonnie Herzog | $360 | $389.23 | -47.8% | Oct 16, 2024 |
| RBC Capital | Irene Nattel | $403 | $377.44 | -41.5% | Sep 5, 2024 |
| Deutsche Bank | Krisztina Katai | $444 | $353.75 | -35.6% | Sep 4, 2024 |
| Northcoast Research | Charles Cerankosky | $410 | $363.56 | -40.5% | Jul 11, 2024 |
| Evercore ISI | Michael Montani | $405 | $376.58 | -41.2% | Jun 14, 2024 |
| BMO Capital | Kelly Bania | $400 | $381.13 | -42.0% | Jun 13, 2024 |
| Goldman Sachs | Bonnie Herzog | $335 | $381.13 | -51.4% | Jun 13, 2024 |
| Wells Fargo | Anthony Bonadio | $415 | $381.13 | -39.8% | Jun 13, 2024 |
| Deutsche Bank | Paul Trussell | $420 | $381.13 | -39.1% | Jun 13, 2024 |
| Jefferies | Corey Tarlowe | $445 | $381.13 | -35.4% | Jun 12, 2024 |
| RBC Capital | Irene Nattel | $361 | $326.53 | -47.6% | Jun 12, 2024 |
| Wells Fargo | Anthony Bonadio | $340 | $295.91 | -50.7% | Mar 13, 2024 |
| Deutsche Bank | Paul Trussell | $337 | $295.91 | -51.1% | Mar 13, 2024 |
| Evercore ISI | Michael Montani | $342 | $295.91 | -50.4% | Mar 13, 2024 |
| BMO Capital | Keely Bania | $305 | $295.91 | -55.7% | Mar 13, 2024 |
| Goldman Sachs | Bonnie Herzog | $280 | $295.91 | -59.4% | Mar 13, 2024 |
| Jefferies | Corey Tarlowe | $342 | $294.03 | -50.4% | Mar 12, 2024 |
| Deutsche Bank | Krisztina Katai | $294 | $227.92 | -57.3% | Jun 6, 2023 |
| Deutsche Bank | Krisztina Katai | $291 | $211.72 | -57.8% | Mar 7, 2023 |
| RBC Capital | Analyst unavailable | $268 | $223.09 | -61.1% | Feb 3, 2023 |
| BMO Capital | Analyst unavailable | $270 | $246.95 | -60.8% | Dec 8, 2022 |
| RBC Capital | Analyst unavailable | $263 | $243.96 | -61.8% | Dec 7, 2022 |
| Wells Fargo | Analyst unavailable | $260 | $237.13 | -62.3% | Nov 30, 2022 |
| Deutsche Bank | Analyst unavailable | $286 | $239.56 | -58.5% | Nov 29, 2022 |
| RBC Capital | Analyst unavailable | $256 | $234.7 | -62.9% | Nov 15, 2022 |
| Deutsche Bank | Analyst unavailable | $269 | $219.9 | -61.0% | Sep 9, 2022 |
| BMO Capital | Analyst unavailable | $250 | $219.9 | -63.7% | Sep 9, 2022 |
| RBC Capital | Analyst unavailable | $250 | $221.4 | -63.7% | Sep 8, 2022 |
| Deutsche Bank | Analyst unavailable | $276 | $214.64 | -60.0% | Sep 6, 2022 |
| Stephens | Analyst unavailable | $250 | $212.85 | -63.7% | Aug 18, 2022 |
| Wolfe Research | Greg Badishkanian | $228 | $212.85 | -66.9% | Aug 17, 2022 |
| Deutsche Bank | Analyst unavailable | $255 | $185.43 | -63.0% | Jun 22, 2022 |
| RBC Capital | Analyst unavailable | $238 | $206.25 | -65.5% | Jun 8, 2022 |
| Deutsche Bank | Krisztina Katai | $259 | $174.25 | -62.4% | Mar 13, 2022 |
| Stephens | Ben Bienvenu | $230 | $204.57 | -66.6% | Jun 10, 2021 |
Track every rating change on CASY the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationCasey's General Stores, Inc. engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items. The company was founded by Donald F. Lamberti in 1968 and is headquartered in Ankeny, IA.
Historical context
All CASY earningsLatest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:55.686058+00:00
- Polygon adjusted daily market bars · 2026-10-17T16:20:42.141203+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-17T16:20:42.138494+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-17. For educational purposes only; not investment advice.