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ANKENY, Iowa—Renda Larree M, a director at Casey’s General Stores Inc. (NASDAQ:CASY), recently sold 4,762 shares of the company’s common stock. The transaction, which took place on March 26, was executed at a price of $421.88 per share, amounting to a total value of approximately $2,008,992. Following this sale, Larree retains ownership of 6,977 shares in the company. The sale comes as Casey’s stock trades near its 52-week high of $445.17, having delivered a remarkable 34% return over the past year. According to InvestingPro, the company maintains a GREAT financial health score and has consistently raised its dividend for 25 consecutive years.
This transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission, providing transparency into the director’s dealings with the company’s stock. Casey’s General Stores, known for its convenience stores and gasoline stations, continues to be a significant player in the retail sector with a market capitalization of $16 billion. InvestingPro analysis reveals multiple additional insights about Casey’s performance and valuation, available in the comprehensive Pro Research Report, which transforms complex financial data into actionable intelligence for investors.
In other recent news, Casey’s General Stores reported impressive financial results for the first quarter of 2025, with earnings per share (EPS) of $2.33, surpassing forecasts by 14.8%. The company’s revenue also exceeded expectations, reaching $3.9 billion, a 3.2% increase over projections. RBC Capital Markets raised its price target for Casey’s General Stores to $438, reflecting confidence in the company’s strategic positioning and financial performance, while maintaining a Sector Perform rating. Meanwhile, BMO Capital Markets maintained a Market Perform rating on Casey’s, citing valuation concerns despite the company’s strong quarterly results and the potential benefits of its recent Fikes/CEFCO acquisition.
The acquisition of Buchanan Energy, which includes Bucky’s Convenience Stores, has begun contributing to Casey’s financials, with the first full quarter of results included in recent earnings. Analysts from RBC noted that key performance indicators aligned with expectations, although some forecasts were uneven due to the integration process. Inside sales for Casey’s grew by 15.3%, driven by prepared food and energy drinks, contributing to the company’s robust performance.
Casey’s General Stores is also exploring new product offerings, such as adding chicken wings to its prepared food lineup, which could drive future growth. The company’s effective tax rate decreased to 19.2%, enhancing profitability. Overall, these developments underscore Casey’s strategic initiatives and operational efficiency, positioning the company for continued growth.
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