Casey's Expands Presence in Michigan with Acquisition of Maverik Stores and Eyes Further Growth

Casey's, a convenience store chain, has announced the acquisition of eight stores in Michigan, expanding its presence in the state. The company has demonstrated steady growth over FY 22-25, with a revenue CAGR of 7.2% and EBITDA CAGR of 14.6%. Analysts estimate a revenue CAGR of 6.4% over FY 25-28 and a net profit CAGR of 12.2%. The company is currently trading at a P/E of 31.9x and EV/EBITDA multiple of 15.6x.