Casey's (CASY) Soars 1.23% on Strong Earnings, Analyst Upgrades

Casey's (CASY) surged to a record high today, with an intraday gain of 1.23%.

Casey's General Stores (CASY) has recently received significant attention from analysts, with KeyCorp and Stephens both upgrading the stock to a "strong-buy" rating. This positive sentiment from key analysts has likely contributed to the recent surge in the stock price.

On March 11th, 2025, Casey's reported its quarterly earnings, which exceeded analysts' expectations. The company reported an EPS of $2.33, surpassing the estimated $1.76, and revenue of $3.90 billion, which also exceeded expectations. This strong financial performance has likely bolstered investor confidence in the company's future prospects.

Institutional investors and hedge funds continue to hold a significant portion of Casey's stock, with 85.63% ownership. This high level of institutional ownership suggests that large investors have a strong belief in the company's long-term growth potential, which can further drive the stock price higher.