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Why Casey's General Stores (CASY) is a Top Momentum Stock for the Long-Term

Zacks Equity Research
·2-min read

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

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Casey's General Stores (CASY)

Founded in 1959 and based in Ankeny, IA, Casey's General Stores, Inc. operates convenience stores under the Casey's and Casey's General Store names in 16 states, mainly Iowa, Missouri and Illinois. As of Jan 31, 2024, there were a total of 2,639 stores in operation.

CASY sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of A. The stock is down 1.1% and up 11.8% over the past one-week and four-week period, respectively, and Casey's General Stores has gained 70.5% in the last one-year period as well. Additionally, an average of 335,639.34 shares were traded over the last 20 trading sessions.

Momentum investors also pay close attention to a company's earnings. For CASY, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $14.18 per share for 2025. CASY boasts an average earnings surprise of 22.9%.

Investors should take the time to consider CASY for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

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Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research