Casey's General Stores, Inc. (CASY) is listed on NASDAQ and operates in the Specialty Retail industry (Consumer Cyclical sector).
Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages; tobacco and nicotine products; health and beauty aids; automotive products; and other nonfood items. The company's stores also provide motor fuel for sale on a self-service basis; and gasoline and diesel fuel. In addition, its stores offer various products, include soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, electronic accessories, housewares, and pet supplies; and lotto/lottery and prepaid cards. Further, the company operates two stores that sells tobacco and nicotine products; one liquor store; and one grocery store. As of April 30, 2022, it operated 2,452 convenience stores. Casey's General Stores, Inc. was founded in 1959 and is headquartered in Ankeny, Iowa.
| Rating | Analysts |
|---|---|
| Strong Buy | 0 |
| Buy | 15 |
| Hold | 9 |
| Sell | 1 |
| Strong Sell | 0 |
Casey's General Stores, Inc., along with its subsidiaries, operates convenience stores primarily under the Casey's and Casey's General Store brands. The stores provide a range of products including freshly prepared foods such as pizza, donuts, and sandwiches, as well as beverages, tobacco and nicotine products, and automotive items. They also offer motor fuel, including gasoline and diesel, on a self-service basis. Additional product categories available in the stores include soft drinks, energy drinks, water, sports drinks, juices, coffee, tea, dairy products, alcoholic beverages, snacks, candy, packaged bakery goods, ice, ice cream, meals, and appetizers. Non-food items include health and beauty aids, electronic accessories, housewares, pet supplies, and lottery and prepaid cards. Beyond its convenience stores, the company operates two stores focused on tobacco and nicotine products, one liquor store, and one grocery store. As of April 30, 2022, Casey's operated 2,452 convenience stores. Founded in 1959, the company is headquartered in Ankeny, Iowa.
Over the past three fiscal years, the company has demonstrated a solid profitability trajectory, with consistent increases in gross, operating, and net margins. Gross margin improved by 3.2pp from 20.4% in 2023 to 23.5% in 2025, while operating margin expanded by 0.8pp to 5.0%, and net margin rose by 0.5pp to 3.4%. This margin expansion was supported by a revenue CAGR of 2.8%, growing from $15.1 billion in 2023 to $15.9 billion in 2025, despite some revenue inconsistency. Earnings per share (EPS) consistently increased at a robust CAGR of 10.9%, reaching $14.64 by 2025, reflecting both operational improvements and a slight reduction in share count, which enhanced per-share value. On the cash generation front, operating cash flow (OCF) grew consistently at an 11.2% CAGR, reaching $1.1 billion, while free cash flow (FCF) showed an impressive 20.1% CAGR, ending at $585 million in 2025. However, net debt increased significantly, more than doubling from $1.3 billion to $2.6 billion, indicating a potential area of concern. Despite this, the company maintained a healthy interest coverage ratio of 8.2x, suggesting manageable leverage levels. The company's capital efficiency showed mixed results, with a consistent decrease in return on invested capital (ROIC) to 9.9% and asset turnover to 2.16, while working capital efficiency improved, as evidenced by a declining cash conversion cycle (CCC) to -0.4 days. Overall, the company has strengthened its profitability and cash generation capabilities, although rising net debt and declining ROIC warrant attention.
Recent news for Casey’s General Stores centers around insider and institutional trading activity. On April 11, Carnegie Investment Counsel purchased 3,338 shares of Casey’s General Stores, valued at approximately $28,187,000. Additionally, Aaron Wealth Advisors LLC increased its stake in the company, with holdings worth $1,839,000 as of the latest reporting period. These transactions are part of routine portfolio management and do not necessarily indicate changes in the company's outlook. In other developments, Casey's General Stores has been recognized for maintaining strong inside sales growth through a value-driven strategy, as reported by Zacks Investment Research on April 21. Furthermore, Casey's has been highlighted as a top stock for long-term growth and momentum by Zacks Investment Research in mid-April. Notably, Casey's General Stores has also joined the S&P 500, marking a significant milestone for the company. These updates reflect ongoing investor interest and strategic positioning within the market.